I think we test the lower levels at $5300~ first.
If support at $5300 breaks, I would argue $4150~ which would give us a chance to fill the gap below. (small but note worthy!)
Breaking $8450 would null this chart and we might look to aim for $9000 - $10,300 before the bulls run out of steam.
I am in a short from $8120.
Cheers, stay safe out there.
GBP/EUR is in an overall downtrend. Double top setup is in place. Price has retested neckline. Now price will probably consolidate considering that it is now hitting a key level. Ideal move: Price breaks key level and falls to the downside. I think the probability of price going to the upside is about 25% and price to the downside is about 75%.
Here is an update to my previous analysis.
XRP has been progressing through the consolidation zone and has finally dropped below the previous Daily chart level 1 marker, thus making this retracement significantly deep, as it has currently retraced almost 80% of the initial Level 3 move. In the last 24 hours, price has bounced off major support zone (flip zone)...
#TRON or #TRX will probably test again the newly created monthly level of 308 satoshis before moving again upwards creating a new move that will generated a possible accumulation zone because it is coming from a distribution period. There are 2 trend lines that were generated from the distribution period that formed a descending wedge that has been marking how the...
USD/AUD is approaching a level of note. Price has broken and retraced from this resistance level before. Overall I think price will consolidate in this level for a bit and then choose either to head further up or reverse to the downside. Either or it is important to be ready for both.
Trading Journal #4
It is visible that #BTC couldn't make it past the 8500 USD level and it was then rejected which will probably made it back to the trend line as low as 7000 USD and it will try to resume the trading pattern just above the trend line and below the weekly level created some months ago around 7429 USD. I believe this is the start of a wedge that will probably end...
eth 30 minute so you can see the trend movement trade the levels. be safe catch the wick and set stop right above so you dont take a loss and when you see a rejection on the trend support above it take some profit and let the rest ride to stop if you want just in case you have a reversal in middle band...... stomp out and wait for the next save entry point. be safe
USD/CAD - Trying to apply some new techniques learned from the Trading Academy.
Question: What could price do at its current level.
Key Point: Look for an area of retracement
Trading Journal Entry #3
- Austin S.
Currently #ltc is moving around 0.0120 BTC just above of a previously detected monthly level of 0.0122 BTC (1225081 satoshis). It is moving in a descending wedge that will probably hit the first support at 0.0097 BTC (978998 satoshis) by May the 20th and after that it would be very likely a move towards the 0.0075 BTC (756373 satoshis) that will be hit by Jun the...
I’m learning how to color code support and resistance from a Master Trader, BL. This is my first chart mark-up. Support & Resistance color codes are as follows:
Monthly: Black (from 1/1/2016)
4 Hour: Green
1 Hour: Orange
15 OANDA:USDJPYMin: Purple
hello everybody! First trade pair I ever send publicly on Tradingview.com!
What we are seeing on GBPAUD is that all GBP pairs are showing weakness though-out the board. 6 days we had a start of a new cycle and that has finished today with that 3rd aggresive push off news. Today we are seeing a good divergence and RSI below market baseline (Grey line in my tdi)...