Hello everyone: Let's take a closer look at the Ascending/Descending channel structure in the market. Typical ascending channel will happen at the top of the overall price action, and once the correction is finished, we have a high probability to see the price reverse. Whereas a descending channel structure will form at the bottom of the overall price action,...
Expecting gold to hit TP before we analyse the chart for new opportunities
Greetings! chart is speaking it self!! as you can see in the chart . Ethereum is in a descending triangle and this can lower the price As you can see, we have a divergence shown in the chart that shows the price falling And as you can see, there is a hidden divergence that has pushed up price today Line 390 is an important line that if the price can break...
Drop a like if this helps you out, its free! :) All explanations on the chart. This is an investment not a trade. Don't expect 100% returns in the next 2 days. This is a long term investment plan and one that has a lot of upside potential
There are a few ways to chart this. You could see this as a descending triangle, where the bottoms are relatively stable with decreasing tops. A very bearish formation. You could also consider this as a falling wedge, a much more bullish pattern where you see a faster decline in the tops than in the bottoms, but the bottoms are still declining. I personally find...
Pretty self-explanatory. First target is around 5.5 USD I will look to take profits there and then see how it goes.
Gold appears to be forming a descending triangle pattern as we look past end of September to mid-October. I'm a gold bull but this pattern has me cautious and so I am approaching the metal with 3 things in mind: 1. I will take a daily close below $1840 as a bearish sign with a downward target of $1767 2. A weekly close above $1860 towards US Election day would...
Hello everyone, here is the top-down analysis for EURUSD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
OMGBTC is trying to break a daily resistance after a huge imoulse. The price bounce on 0.786 Fibonacci Level and it's inside a descending channel. IF the price will break a daily resistance According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
SA Banks going lower quite a bit in the near future becomes a greater possibility: 1. DOLLAR seems to make a short term correction so we might see a weaker RAND which in turn is not good for banks. 2. The recent bank results were not good regarding provisions. 3. And then obviously the descending triangle. If the triangle plays out chances are good I will do...
XLM - XLMBTC Descending Triangle Imminent Breakout On The Daily Time-Frame.
XRP is not my favorite project but my investments are diversified and I think XRP is a category in and of itself (I'm here for the tech and wealth). This is not financial advice, only my opinions based off my personal research. Firstly I love Descending Broadening Wedges, they are very effective for calling bottoms, I have a chart where I called the absolute...
Falling wedge on 2hrs chart of bajfinance show reversal. Wedge breakout confirms the uptrend. Targets on chart
USDCAD is consolidating in it's current position. Some interesting things to keep an eye on: The trend has technically broken through the overall descending (purple) trend line. Typically this is a bullish move, but we must first establish a higher high. If we maintain the 1.35 support but continue to get lower highs, we'll likely see another move like the last...
Bitcoin continues to resist Bullish actions. Price rejected my 1HR Descending Channel Resistance Line & is currently testing a keyzone. I expect for prices decline.