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After the impulse movement from 8885 to 12100 we have formed an uptrend channel. I see that we have touched the middle line of this channel and now it looks like we will be testing the lower support of this channel. I also showed Fibonacci levels - which are support levels.
If we talk about the mood of the crowd, Pay attention to the 84+ Fear and Greed...
I was asked a question on my previous BTCUSD - Bitstamp publication: "Do you think this upward pressure is strong enough to prevent a wick from going down to the Gap until the 15th? Man I wish that gap wasn't there because it has me paranoid to jump in." As pointed out with the indicators in the video; I don't think we will come down to fill the gap in the Daily...
With Tesla seeing a rapid 400% ascent from March to July this year, has the steam finally run out
or is price setting itself up for the next assault on levels of resistance?
In March, price found a base at the 200 simple moving average, using this zone as support. The 200sma
cushioned the fall in price which saw a drop of 61% during the global pandemic. From that...
The White Energy just crossed above 50 Percent in the CURRENT 3-Day Candle. I'm of the opinion to wait till the NEXT 3-Day Candle beginning August 13, 2020 before attempting to make a decision on a swing trade.
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1. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs. Institutional investors showed picked up interest...
The Weekly Time Frame (TF) is the main time frame helping me to identify the last week of August or first week of September being the last week of our upward pressure before we see a chance for a MAJOR pullback. I know many of you are probably wondering if we will "fill the gap" on the CME Futures on that pullback. Well, as pointed out in the video, it's...
The 50MA has been acting as Support for Bitcoin for almost a month. At the moment price is in the line's area. Moreover , BTC is testing the Upward channel with the Local Resistance/Support line nearby. As the EMA are about to intercept and the last candle providing us with the Hanging Man patter we can expect the decline and the following pullback in the price of Bitcoin!
. There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of down trend is expected.
. The price is above the 21-Day...
X Force Global Analysis:
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In this analysis, we take a look at Algorand (ALGO)'s daily chart, assessing its bullish probabilities.
- To begin with, it's important to note that we have broken out of a descending trend line resistance that had been suppressing...
2 days ago we printed a very strong reversal candlestick : a key reversal pattern.
Yesterday we had a follow through with a red candle and today the selling accelerates as we broke below the 10 SMA.
The dip buyers are coming back again and again as they missed most of the move since 1700...
They are buying at the 10 SMA...
EUR/ZAR exchange rate edges higher today after a straight 9-day rally. The South African Rand (ZAR) has struggled to gain against the EUR after South Africa reimposed its lockdown adding an additional night time curfew earlier on in July. South Africa has one of the strictest lockdowns in the world, restricting more or less all outdoor movement and prohibiting...
What I intend to convey with the title is we likely continue with downward pressure to the 3-Day Candle beginning August 13, 2020. Which would consist of the following dates: August 13, 14 and 15th respectively. Does this mean the price action must fall significantly during this time? No... I do not anticipate a chance for a significant drop to begin until...
NZDJPY broke lower edge of continuation rising wedge pattern at level 70.07
Pair is based below key level at 70.70
Price is based below HVN at level 70.15 which indicates that pair is in distribution phase
Below SMA 100
We r waiting price to restest HVN level to open short trade
It's expected for coming bearish movement to target demand zone at level 68.15
VIX at the 4 hour view.
The VIX did something a little unusual. The VIX poked below tier II support below, but closed right above tier II support (second dotted green line). In addition, the VVIX closed right above 110. The VIX refuses to give up since the Put/Call Ratio was around 0.66 today. Normally, below 0.75 is considered extreme on the buy side. However,...
We are slowly approaching the pre-corona high.
That resistance is bound to cause some issues.
Balance of Power looks like it will make a retracement and has double topped- therefore a retracement is very likely.
The economic conditions would make a strong rally through that resistance unlikely.
The DXY looks to be turning bullish- which would be bad...