XLM is in a bearish continuation pattern that has a high probability to break to the downside. The measured move is targeting 0.27 cents!
Price cycled downwards, currently residing at a key level in price and a trendline test. Lets see how this 4HR closes. Simple structure on the HTF. Identify trend and key levels.
Price residing back down at our long term range support level. We've seen CHF bulls sitting at this level providing some resurgence so far today. Are we going to see a break to the downside this week and price continue to fall?
This is not investment advice, do your own homework and evaluate how much you can tolerate risking. SQQQ is triple leveraged to the downside on the QQQ, which is the ETF that directly tracks the NASDAQ. As 2021 has begun to play out, it has become more and more apparent that these overvalued tech and software companies are out way past their skis in terms of...
Will we see further downside movement on this pair? We saw a break of structure last week after price tagged the top of our ascending channel around a key long term level in the market. Will we see price cycle down to the bottom of previous structure? This pair indicates strength vs strength in the forex markets at the moment. Want to know what this means? Drop...
AQB seems to be posting a pretty solid HAS pattern. The right shoulder has yet to really play out, but it looks inevitable. Assuming the HAS pattern does play out fully, I'm expecting AQB to ultimately test a support around $6.90, and maybe even as low as $5.90. As always, Only Time Will Tell. *NFA
Currently at the top of long term ranges - fakeout to the upside followed by bearish pressure in the markets, potential break of short term structure potentially indicating further downside movement for this pair? Happy Trading!
Bears continue to take control of this market as price breaks to the downside. Could we see a retest of previous support before further movement to the downside? We forecasted a break to the downside because it was in line with our HTF directional bias on the pair. For more - just drop me a private message!
Good Morning Traders and welcome to a new trading week! I appreciate every single one of my followers and I really hope you enjoy my daily analysis! On this pair we can see price trading in a range, potentially heading lower to test the support zone of our range. This week we could see a break to the downside in line with my longer term directional bias. Any...
Price currently residing below 1.37 after a break above and break back under our whole level. Are we going to see more downside movement during the week? Or will price continue to test the upside? Remember this pair is very fundamental - keep an eye on the news surrounding both currencies!
Volatility on the weekly has expanded considerably, which coupled with a red week(which we currently have) marks local tops, I expect further downside to 30k, and if it doesn't double bottom, expecting the previous orderblock at 22 to 24k to hit. Btc also tends to backtest the last weekly ath after breaking it, which currently is at 19-20k. If it indeed plays...
We can see price has now reversed - we expected dollar strength and this is what we're continuing to see through London this morning. Lets see how price develops on the pair through New York in around 4 hours time. Identify key trends, key breaks, key structure levels. We're expecting more downside movement on the pair. Happy Trading! Hope you all have a great...
Strong bearish RSI divergence on 4hr If candle closes in a shooting star I expect mega correction Remember however BTC is the boss and does what it wants to, this bull run IS NOT over whether it corrects now or not. BTC has easily been breaking RSI patterns and it may do it now. just be prepared for either way it goes, but if shooting star closes, I'm...
I'm posting this idea so I have a record of my ideas and hopefully start a discussion. This is not to be blindly followed or taken as investment advice... please please please DYOR! Line of Thinking: We are forming a potential Head & Shoulders pattern on the 4hr. We are currently moving down forming the right side of the right shoulder after having a failed IH&S...
We are yet to see a clear direction but going with the trend we could see a continuation to the upside
Ethereum has an extended run up with no corrective wave. Ascending wedge forming with price contracting, logically there should be a break to the downside from here - I have marked the highest level of resistance. I will set a pending order here (risking 1-3%) and I will just hold this position for years. I think Crypto assets, like the S&P500, will just...
check for downside case
Please go ahead and hit that like button for me if you appreciate the content I bring to the crypto trading community 👍 As you can see in the visuals above (TA) we've started a downtrend just after Q4 (quarter 4) ended in 2020. I think that big investors wanted to have significant results in terms of % gains over the total year and in most cases Q4 is the most...