Dear Friends <3
What just happened? Did someone just Pump and Dump NEO right when everyone had their attention on BTC? Are some whales toying with us again!? D4 is panicking!!
Ok guys, just kidding! Of course I know what's going on. And as your faithful and loving servant, I can't wait to let you in on it...
When you look at the NEO chart you see a sudden pump,...
according to my analysis xrp/btc is will go up from this price because it is at strong support , descending channel broke , rsi super oversold , and got an engulfing candle so it may go to 61.8 level of fibonacci as shown above.
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disclaimer : I could be wrong...
The descending channel started back when the price hit the 4033 satoshis level in which I started to watch the price slowly loose its value. There was an attempt to break the pattern when it was above the 2795 satoshis monthly level but soon after loose the momentum and fall back to the 2130 satoshis monthly level. Now it can just think of it to hit the 700...
chf/usd has been in this range for sometime with the occasional breakout to the upside however price decided to go back into that range in the form of a descending channel. Waiting for a retest of the resistance zone to confirm price is still following inside that descending channel.
Price has been moving in a descending channel, in a series of impulses and correction, and we can expect prices to continue to move to the downside. There is potential for short term long entries due to an inverse head and shoulders pattern, which is a reversal pattern, but first price has to break the neckline and this will give us confirmation to enter...
A bullish bat pattern form after EURUSD breaks and close above Downtrend Channel.
Looking for buying opportunity on D Price Completion.
Will you be trading the conservative targets or an extension of it, and why?
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Looking at EU in more detail:
Weekly: a downtrend is still evident, as the weekly descending trendline (pink) has not been broken by this pair. Additionally, a bigger descending trend indicated by the monthly trendline (black) still stands. Thus, it is safer to look for possible short entries on this pair.
EURUSD is on a Bearish Channel and to make this trading opportunity even better, it is a trend trading opportunity.
On the 4-Hourly Chart, it does shows a double top setup, I'm waiting for the market break and close out of the sell zone, retrace back into the sell zone for a shorting opportunity(red arrows is the awaited move)
Theres is a long-term broadening wedge/channel, and we are close to the top. Watch for clear reversal, and this could be a profitable short. Word of caution: GBP pairs are extremely volatile in these weeks, given the BREXIT soap opera. Use wide stoplosses.
EURUSD is currently in a downchannel and it just rejected the lower trendline for the third time with a nice push to the upside. i am awaiting a little corection to the downside to open a long on this trade.