After fast and huge growth ANT started to roll back till the level 0.382 Fib where it found the support and Double Bottom was formed. This situation means that 0.000467 level is now strong support from which the price will bounce. The resistance is now 0.5 Fib level where the price has stopped to grow. Stoch RSI shows that the price is in overbought zone so the...
Reached 1st target 0.00022500 and rolled back. Supply and demand equalized, the company has many good news and strong potential. Price level 0.00020700 acted like a strong support and rebound have happened twice, so double bottom may be formed. If it confirms there will be further growth to the next target 0.00022500. However Stoch RSI indicates that the coin is...
After a huge growth the price went dip and now it found the support. Double Bottom was formed and the price broke out of the descending Triangle. RSI indicates overbought zone so wait till it dip a bit to a buying zone around 0.000122. The next target is 0.000137 and the last target is 0.000198
BTCUSD update; Bearish candle leads this market right back into the middle of the broader support zone of the 10534 to 8656 area. This area is overlapped by minor support and reversal zone boundaries. The key to timing this is waiting for the supportive price action to return. First, I am long and intend to stay that way because that is part of my plan. This is...
Good Morning! A beautiful day with a lot of sunshine is ahead of us. What about Bitcoin? It is still testing that short-term target line at 12260. If it cannot break that line, we remain in the bearish scenario with targets at 9005 and 5594.
Simple trend analysis, making higher highs & lows. Double bottom to daily resistance, now watching for a break of the counter trend line & retest for buy opportunities. Lets see how it plays out this week!
walmart relationship may cause double bottom and subsequent price appreciation
The price is in the ichi cloud and stoch RSI indicates oversold zone, so we expect the rebound from the support level and finishing of the double bottom formation. If the scenario confirms the next targets according to the Fib S6 will be 0.00000385, the rest targets you can see on the chart. Stop loss according to the Fib S6 will be 0.00000250
Took a quick look at the daily for XRP/USD and saw something interesting in my opinion. Could we be forming a double bottom on the daily that would project us back into the $2.25 range over the next week or so? I'll be watching to see how this day closes out, as price right now is sitting on a weekly .618 fib area. A close above or below will definitely...
USDCAD has completed a double bottom reversal on the H1 timeframe. This suggests that there could be deeper correction upwards next week. I will be patiently waiting at 1.2670 for potential short setups. I will be monitoring the vol indicator for extreme high vol at resistance. This could be an easy trade back to 1.2370. Do not use pending orders, always wait...
This is my first post, I have been teaching myself technical analysis for 6 months now. This is not financial advice, just my observation of a pattern. Bulls recovered nicely after the sell-off earlier in the week, however there is still much uncertainty in the market from the magnitude and duration of the event. Keep in mind that a head and shoulders pattern is...
Hi guys, simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone. If u...
Hi guys, simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone. If u...