After the gold broke through the resistance line and fell earlier this week, it is strictly working out the goals that I spoke about in my previous forecasts.
It continues to fall.
Let's remember how the price moved during this week using the example of my predictions that came true.
Completion of the Pennant - 27...
For starters, let me remind you of my past ideas that came true.
Initially, the price rose to the resistance line.
Then it continued to rise from the support zone.
After yesterday's drop, gold has fixed in the support /...
On October 15, the price made a small breakdown of a very strong resistance line.
The last time she made such a breakdown was several years ago.
Therefore, now I think that the price will not return to this line but will fall.
This is confirmed my past prediction....
My last analysis of this pair was on September 26th and then it came true.
Two weeks ago, the price came to the green support zone - the line crossing. This is a very strong support as one line was formed in 2018.
Therefore, it is not surprising that the price...
Since the election is less than a week away & uncertainty continues to grow due to COVID, I believe SNAP will have no choice but to pullback & fill the gap from earnings last week. Not only is it extremely overvalued, but I don't see it as a good hedge against a possible market correction in the near-term future. The only thing holding it between this 40-42 level,...
Briefly about the protocol. The Compound Platform is a Defi lending project developed on the Ethereum blockchain. Basically, any cryptocurrency owner can deposit it into a smart contract, where it joins the liquidity pool and starts generating interest.
So far, the Compound protocol supports the following altcoins : ETH, DAI, SAI, USDC, USDT, WBTC, ZRX, BAT,...
While $BTC price was growing hard , OMG used a chance and made a minimal correction after such a strong 4X fall.
The final boundary of the correction can be one of three levels:
4.25 - a false breakout so far
4.65 - almost reached him
4.95 - we don't believe in growth above this level.
Those who entered the long near $3 - it's time to place orders and...
For more than a month now, the correction of the insane NEO growth has been going on. Uncertain buyers' breakthrough of the mark $21.56 was a catalyst for the downward wave beginning. Sellers return to the $21.56 mark motivated us to come up with an idea that worked out perfectly.
Since the idea was published, the price has fallen by 20%.
At the moment,...
Filecoin is a project to create a decentralized storage platform with embedded cryptocurrency (Filecoin, FIL).
Since 2014, it is implemented by the California blockchain startup Protocol Labs, a developer of IPFS systems. The idea of the project is to give one computer user the opportunity to earn FIL for using the surplus capacity of their hard drives for...
Our pessimistic forecasts regarding the YFI fall came true.
After we published the previous idea , a two-week fall began without corrections.
The price decreased by more than $17,000, or in 2.5 times, the fall was about 60%.
As soon as the price reached the red zone, there was a rebound, which is now 50%.
Just phenomenal volatility)
Now the price is in...
The coin is young and has no trading history, so it is rather difficult to even imagine its possible price movement.
Our previous idea did not work in full. The price did not reach $7 . Although having bought it at $3.9 (UNI price at the time of the previous idea publication) there were many opportunities to sell at $5-5.2, having caught 30% of the price...
Walmart has room to fall this Thursday, and even Friday. Friday will be a good buy in opportunity for the long run. I see Walmart hitting $150 before earnings. I will place my trade activity below on Friday if my analysis is correct.
This is the end of chasing elections from my humble point of view. Sold everything and his mom also. Let's see how deep is this hole, Comrad Trump.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
Overall outlook is bearish. This makes sense because If a strong down move follows, as suggested by the descending triangle, it may give a bias to the neutral symmetrical triangle, changing it's polarity to the bearish side.