The price has formed a descending parallel channel and it is now approaching a major area of support which was previously a zone of resistance. We will be opening BUY positions from there and aiming for the upper boundary of our channel
This is the question; ETH is facing at the moment. From the current momentum, the price is expected to hit that 2900$ one more time. However, if we manage to break further down from this ascending triangle nothing is stopping us from reaching 1750$, where we can add more long positions to our portfolio. Safe trades and remember to manage your risks!
Here is our weekly outlook for Tesla stock. We can notice the descending triangle pattern right away from the first glance. The descending triangles usually indicate a bullish breakout. In our case the price is expected to hit down to 500$; however, this is most likely to be followed by a retest/correction at 550$. Overall, long-term our bias stays bullish on...
Take a second to look at this beautiful opportunity we were blessed with. It’s an easy 100 pips sell, so let’s capitalize on it. The wedge is getting wider and wider, but 0.926 definitely looks like a nice next stop. Make sure not to miss this opportunity; however, as always manage your own risks and stay responsible for your actions.
As you can see from the chart, right after the price hits the trendline one more time we’re expected to head further down to 0.713 levels one more time. This is the pure magic of TA, you only need support, resistance, proper diagonal trendline, and some basic understanding of economic fundamentals. See you at 0.713. And once again: don’t rush to enter the trade,...
We’re currently in a bullish run for EURNZD. The question is what the best point for the entry would be, and here we have 2 options pretty much. Since the resistance been tested a couple of times before the breakout is likely to happen at 1.695. Alternatively, if the price heads further down to touch the trendline one more time, we can open some longs at 1.68...
Obviously, don’t take this as a financial advice since TA isn’t necessarily working with cryptos as well as it does with Forex. However, we can see nice support as indicated on the chart. Even though it’s a descending triangle, you can open short-term longs up to the top axis of this pattern. Your stop loss should be pretty tight as we’re located almost at the...
The price is currently sitting on a structure and it looks like it has been able to bounce off it. If the candle closes above the structure, we will be looking for BUY positions and aiming for the upside. On the contrary, if the price manages to close below the structure, we will be looking for short positions and aiming for the downside
Yesterday's EURUSD did not play out according to the plan, unfortunately. However, we have another great scenario for the pair. We can see that the price is moving between two trendiness in a parallel channel. It's located at the upper boundary of the channel at the moment. We will be waiting for the price to break the structure identified on the graph before...
As of right now, it looks like XRP is not ready to keep going up. We have indicated two zones from which we will be looking for the price to bounce so we can open BUY positions and aim for the targets identified on the graph
It can be visible from the chart that the price is showing signs of reversal on bigger time frames and preparing its move to the downside. We are expecting the price to keep dropping till the zone indicated on the graph
As it can be inferred from the chart, he price has managed to form a descending triangle. We are expecting the price to hit the descending trendline first, before dropping to the area plotted on the graph
The price is currently located at an important structure and we can clearly notice that it's forming a top there. We are expecting the price to keep dropping from here. We have already opened short positions and aiming for the area identified on the graph
Happy trading, everyone!
As it can be observed from the chart, the price has managed to form a triangle pattern. The triangle is getting squeezed and more squeezed. The best thing to do would be waiting for a breakout before opening transactions. However, the price is located at the lower boundary of the triangle, so we are expecting a push to the upside from here. The target would be the...
We are waiting for more confirmations before either opening a buy or a sell position for this pair.
What do you think about it, family? Feel free to share your thoughts and opinions in the comment section below
The price has rejected a major zone of resistance, as it can be observed from the chart. We are opening short positions and aiming for the lower boundary of the uprising parallel channel.
