Good evening. Browsing through the charts to find interesting setups and stumbled upon LINK. It's starting to look like we are about to break out of the falling wedge as we speak, which will act like a bull-flag at ATH.
We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than...
Goooood evening fellow traders!
Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone...
Potential fractal playing out on BTCUSD. This aligns with my personal assessment of the approach to the A&E neckline on the 4 hour chart, as shown below:
Given the long fib over-extension to 3.618, I believe we are due for a correction, but it will be choppy and slowly drawn out. I also believe that this will grant us a...
The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.
Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.
Long-term: Look for a break above $1 after we coil down a bit more.
Additional lower timeframe confluences:
1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a...
The NZDJPY is having difficulties to break above the 76.50 level, forming what looks like a triple top pattern on the D1 chart.
The current price is also close to the 61.8% Fib level, which looks to hold so far. Note that we draw the Fibonacci retracement from 72.37, to avoid the flash-crash from January 3 to interfere with our analysis.
Like our charts? Please...
Enigma, the solid gainer all week. It’s had substantial gains over the last couple weeks with a few insane spikes going +25% in a day. It’s been great for wick-catching and proven to traders the bulls are in charge.
On the long term chart, ENG is respecting the big fibonacci levels VERY WELL. The peak from yesterday stopped exactly at the first fib off the...
UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision.
Price is still within the range drawn from yesterday....
Price closed with a small bearish candle. Everything is still above the cloud signaling bullish momentum. We could see a reversal soon.
Price has come to rest near 78.6 This could be where we see price reverse back to the upside. It's no guarantee since we see price falling back inside the channel.
We can see a strong rejection off of 78.6....