Morning traders,
Waking up to Thursday morning ECB day with a great short setup in British Pound versus Australian dollar. What we have is a descending channel being touched at the same time as the pair meets a resistance level to the upside around the psychological price point of 1.79. Compounding the trade is that as this is occuring the pair is reaching...
Bitcoin has been forming channel down pattern since 11,000$, now it has broken with a long wick.
RSI showing upward movement sitting above 50% also shows a positive impact
Targets as per FIB, main Resistance is at 11,000$ if broken can go up to 12,500$
moreover last candle formation above 21EMA
Looking Bullish for Short term!!
Note- This is not investment...
Morning traders
Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over...
So once again, we are putting our faith into NEXUS to deliver some good volumes, and progress on this amazing project.
We have been wrong before with the consolidation at 3-4, but now at the FIB price. BUY is that easy.
I could be wrong, but from where i am sitting, this appears to be a accumulation phase for NEXUS.
I'm in are you?
As you might see the...
This is just a useful reference to the main NXSBTC chart:
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The counter is in a descending channel formation.
And the price has hit its supportive trendline.
The RSI Indicator is lurking above the oversold zone.
Hence, a bullish movement is on the cards and we advise the users to make use of it.
Bottom seems to was hit at 215 satoshis. It also happened to be the support trend line of the descending wedge. Soon after it was tested and rejected the move directed to the resistance trend line of the descending wedge and its break through it which will probably try to test the old monthly level sitting t 270 satoshis.
The best scenario is that it will managed...
Symbol: Bitcoin , BTCUSD , XBTUSD
Context: Descending Channel
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the...
Symbol: Bitcoin, BTCUSD, XBTUSD
Context: Descending Channel
Charting Timeframe: 15m - 11H
Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel
Long(Small Position) Signals:
Multiple Blue -> Green...
The Canadian CPI data has missed its headline numbers by 60 bps.
It piles to the negativity in the counter.
Also, technically the pair is in a descending channel.
It is capped by its resistive trendline and hence we expect the pair to head towards its supportive trendline for now.
Falling below the support level from the previously formed wedge means that the direction will be down and looking towards the next monthly support level of 720 satoshis. This is a very strong support level and one of the lowest prices in a long time for #XLM. In my opinion it will go and test that support level before recovering to the previous monthly support of...
Assuming we close the 1 day candle in this range, odds look very good of confirming the bullish breakout of 2 inverted h&s patterns (a 1hr and 4hr chart) and a 1 day chart descending channel bullish breakout. Both the 1hr inv h&s and the descending channel show confluence in their breakout targets around the horizontal at 13007. The 4hr chart h&s on the other hand...
The Price is forming a descending channel and we are expecting the Price to bounce in the support zone, but we are waiting for confirmation once it breaks the channel.
There is a clear MACD and RSI divergence with the Price.
Comment your opinions!
In my 1hour chart, all things lead to big green candles lol...
The Stock RSI is pointing upward, we are in a descending channel which usually brakes to the upside.
So in all, things are looking good...
We'll see if I'm right soon.
The 4-hour chart of USD/JPY is currently in a downtrend making lower lows and lower highs consistently.
It is also in a descending channel and is currently trading around its resistive trendline.
Hence we expect the bears to exert selling pressure further from here.
the weekly candle closed below the 108.000 key support level, huge selling pressure has definitely been present over the last couple weeks, the 107.000 could be a new lower low price region been respected, if we see further pin bars around this region, the price could retrace to the key weekly zone of 108.000 which is also in confluence with the trendline and fib...
