Last week's movement of gold experienced an increase because the first Dailly target had been completed. the movement of gold for tomorrow 06-07 is likely to continue its decline but must be aware of gold's rise when pursuing upper resistance. treding is full of risks. The most important thing is we manage our risks so as not to lose too much
A few days ago we looked at VET's bullish indicators. VTHO is the gas of the VeChain ecosystem, so generally if VET sees major growth in price and volume VTHO follows.
Doing technical analysis on VTHO to confirm our beliefs, we see our EMA20 still trending above the EMA50. We just hit a very important point where price touched the EMA20 (first...
Trend line on 1D is showing an ascending triangle, analysis on 1H shows that price as break a resistance and now a support and it is on a BUY due to the price action, like to retrace when it touches the resistance level, take profit and exit
This is an updated post to my November 28th idea on ETH.
There we discussed the EMA20 and EMA50, explaining how ETH would enter a bullish cycle once the EMA20 crossed back on top.
The blue circle was at the time of my last idea, the pink circle shows when the EMA20 crossed back over the EMA50 and began its bullish streak.
CRYPTO MOVES FAST!
Looking at VET we've recovered nicely from the previous bearish cycle (shown with the purple channel).
The orange circle is showing the EMA20 crossing over the EMA50 which we know is the beginning of a bullish period.
The awesome oscillator shows a steep rise in market momentum as price increased, however be wary of the current red lines. If...
XLM is priming for a boom!
Here we see the ema20 and ema50, current price being so far above the moving averages indicates a drop incoming. We can see price pushing down to even out the with averages, and this is confirmed with a decrease in volume (see circled in pink).
Once we retrace to moving averages the bulls will buy up and push us to a new relative...
Today’s Analysis – NZDCHF- finding range high as resistance, a reversion to range-mid is probable,
Points to consider,
- Price Action Impulsive
- Mid-Range Support (.382 Fibonacci Confluence)
- 21 EMA Dynamic Support
- Range High Resistance
- Below Average Volume
NZDCHF’s immediate price action is impulsive above Range Low; a retrace is...
Looking to get into a Short position intra day under following conditions only.
1: Break of the current 4hr trendline
2: Break of the recent low
3: Break of the 50 EMA
4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe
5: Bearish confirmation of candle such as bearish engulfing, pin bar etc.
Today’s analysis- NEARUSDT- trading above Local S/R, a confirmed retest and hold in bullish.
Points to consider,
- Price action impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Target
- RSI Bullish Control Zone
- EMA Ribbon Support
NEARUSDT’s immediate price action is impulsive above Local S/R, trading above these...
So, in H1 timeframe. NEO forme a bullish pattern, but we can see continue drop in the price!!!
But, we will need to take a perspective that in the purple quarer that I mark, NEO touch the EMA 200 and in any moment NEO could to change the trend and we can to be cautelous when the price touch the EMA 200 and we can see a possible change o momentum of the trend....
Materials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors)
Today it is resting on the 100ema, which has been supportive since march 23rd crash.
This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout,...
Today’s Analysis – ETHBTC- trading at a key trade location where a pivotal move is probable.
Points to consider,
- Price Action Higher Low
- Support Zone Confluence
- EMA Ribbon Resistance
- Oscillators Extended
- Declining Volume
ETHBTC’s immediate price action is trading on its dynamic support, maintaining higher highs and higher lows in...