An ABC zigzag has formed and an opportunity to ride wave C. with the daily fibo as target which is 38% of the impulsive move that we seen last week. I'll be carefully watching this one as the bulls will be waiting to get in at the take profit level if this theory is correct.
Hello guys, Ethereum on a very important point: -Close to the golden pocket 61.8% retracement -Weekly 50EMA support (Daily broken followed by further drop today) Keep your risk managed. See you next you soon.
4 HOUR CHART Next week the USDJPY pair will start retracing the 112.214 top done the 20th February after hitting the 105.4 strong support on Friday (5 months lowest). Price are bouncing on this support and will target 106.698
re-arranged 1 fib now we have a lower low, Where Are We Off?? hehe ;)
Gold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds. As shown on the graph we have been seeing...
Trending pretty nicely but no "easy" entries. Will watch and consider getting in (CADCHF) on a 61.8 Fib play.
USING TREND, FIB AND RSI (80/30) 1H
Still in the prior channel - waiting to buy at bottom of channel & selling at the top. We pulled back to Fib 0.382 & hold above the EMA support, as in past moves within the channel.
USING TREND, FIB AND RSI (80/30) 4H
Just a matter of timing on this one. Patient because the move will likely be significant.
USING TREND, FIB AND RSI (80/30) 4H
Gold has been looking very bullish lately. We see a previous close of rsi below 30 and now above 70 on the 1 hr chart. TP 1 at 1.414 fib level TP2 at 1.618 fib. SL at 0.50 fib.
Morning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and...
USING TREND, FIB AND RSI (80/30) 4H. you can wait for the CS or enter now at the region
WAVE 2 DROP FROM 3022 TO 2856 WAS 166 SP POINTS X .618= 102.6 3337.77- 102.6 =3235.17 THE LOW =3235.17 AND THE CALL FOR A MIN DROP WAS .0325 PCT FROM HIGH
Hello Traders! Quick update today on BTCUSD's immediate trend, where we have a probable falling wedge formation bound to break. Points to consider, - Trend testing resistance - .382 and 128 MA holding support - Stochastics in lower regions - RSI respecting trend line - Volume declining BTC’s immediate trend is trading very close to its apex of this...