XRP on the monthly chart, you can clearly see that it broke below the last support zone at 0.35cent. It attempted to regain its momentum and break back above at 0.35cent level, but it failed. There is no real support until we reach the next support level at 0.15cent and a break below that level will result in the bearish momentum pushing ripple back to 0.01cent....
This is an advanced tactic that no one ever talks about, but I'm going to expose one of the biggest insider secrets in trading.
When drawing your support levels, make sure that it's as thick as you can make it. Use the biggest font possible and make sure you bold the lettering. This gives you a higher probability that the price can't fall through to lower...
(Review) Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price...
VXRT stock had a great run today due to positive news from their norovirus vaccine. Shs Float is at 3.96M and their market cap is 16.12M. We will be watching this for a continuation play tomorrow. Watch my full video review for $VXRT by using the link in my signature description!
Information obtained from Investopedia:
What Is A Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend...
It seems that a downtrend is about to start. Price could not break 1.95600 resistance and its dropping down slowly. Set entry as sell stop waiting for the price to break previous candle stick. RSI and MACD are also over bought, right now with a pullback up .
The chart represents the Monthly support and resistance levels of the NZDUSD. A good technical analysis always starts by breaking down a bigger picture to the smaller ones. once you understand the where the price is at on longer timeframes, you will be more confident in your own analysis once you dwell into the smaller timeframes.
i have been doing this for a...
This is an educational lesson, just for us to understand why I went short on Bitcoin when we`ve reached the 4100 Level.
1st - Bitcoin was inside an Ascending Channel.
2nd - When he breakout whe can see that the Volume shows a divergence.
3rd - When the Price reaches the downtrend Line, he lost the volume and creates a Doji Candle.
This was a clear...
I'm going to stop wiping your ar@e on this chart analysis because I can :p
I will give you this chart and if you cant tell what way price is going to go then take yourself back to the stone age and go out hunting for your prey with a big wooden bat or stand around scratching your balls because you cant figure out how I am so good when I don't use chart...
We are waiting to see if todays candle closes above or below this key resistance level, you can see how strong this level is by where price has previously touched this level and then bounced, But we think price will bounce and make further movement to the downside.
You could look at this the same way as buying a house, would you jump in and buy the house straight...
Organization and planning are important strategy in everyday life. If you want to compete and be a good competitor, there is necessary to have plan A, B and C. You have to think outside of the box and 2 steps forward.
Here we can see GBPCHF price playing around major psychological levels; 1.31000 and 1.33000. I shared 3 scenarios what might happen. Either the...
( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK.
You have to be patient and wait...