In this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move.
We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in...
For years GBPUSD has been testing its lows. Since 2007 a huge drop has been seen in 2016. Where it has consolidated between 1.22396 and 1.36845. Recently in August of 2022. For many, we could see this potential drop, while others expected a pullback and continuation of the sideways move.
Let's look at what actually happened. The lower resistance zones around...
In the chart above I have provided a simple analysis on what can be considered for when it comes to the overall market.
1. Pennant Formation is provided by taking higher lows and lower highs with a point of convergence.
2. If followed through Pennant path can force price action to previously seen pre-covid times.
3. This would in fact validate a completion of...
In the chart above I have provided an update on our current possible price prediction that could be meet by January 24th.
- Current drop has completed -7.45% of a -17.34% predicted average drop.
In the analysis of price action and Fibonacci, lines have been drawn that show the growing support and resistance of Litecoin, which seems that Litecoin will fall to 75.5 or 75.2. PHEMEX:LTCUSDT
Key:
Orange bars= Take profit Areas
Blue bars= Key areas
Overview
For the long term I believe that this pair is going to be bullish. However, in the short term I think that there could be an opportunity to hop on and get in on the retrace down to the 1.1930 levels, because that is the last place where price stopped at, and it also lines up well with the...
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In this pattern, the market would accumulate sell orders in the supply zone and turn bearish.
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Also, let us know what you think in the comment section.
Hello, everybody! If you like the concept, don't forget to like and follow it.
It's exactly what I thought would happen to BTC, but I think the DXY Index could make BTC fall again.On the DXY index, I will attempt to publish a brief chat soon.
Please show your support for me by liking and following my ideas.
Also, let us know what you think in the comment section.
On the 15-minute time frame, the price action is decidedly bearish
over the past couple of days. Gauss filters downward.
The Ichimoku resistance against a reversal is thick.
Price has dropped more than 15% each day.
The RSI indicator shows dismal strength and no signs of divergense
to herald a reversal. I am in this as a short seup and
have profited well...
as per my analysis . crude rejected at 6705 and going to drop 5895 in comming day. final target of crude as per my analysis 5640.it is for educational puropse
Being patient is very important when it comes to trading. The thing about it now is that you can always bounce back towards the correct way once the bullish run starts.
GJ has formed a double top structure on the 1hr chart at resistance @ 168.580. If the current stick closes red we going down. Confirming the earlier analysis of 4hr double top and retest under resistance. Just observe the trade and see. Price always returns to the 200ema(white), lets test the theory, maybe today or tomorrow we should get there
P.S GJ is Bae
