USDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region) . Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards. Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and...
EOS is a very interesting coin. We have been tracking it since June 2017 when we invest in its ICO. This project is fundamentally strong as its provide a scalable and decentralized solution. It is a new generation of cryptocurrencies which will be very demanded to build new blockchain apps. EOS is going to launch network and new tokens this summer. We told that...
Hey there! DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS! This is just for me to see in some months of time how my idea went! I have tried to find some similarities between BTCUSD and ETHUSD and have...
Early stages of this idea but something to watch how it progresses. Retracement to our buy area will make me very interested in this trade. 130%+ profits is possible
GBP/NZD is a very nice setup from the monthly down. On the monthly we have been sitting around the 50ema which has been holding very well, the weekly has just broken a triangle pattern to the downside after forming double tops and a nice candlestick formation, and the daily also broke a short term triangle pattern at the close of the week. These all tied...
Historically speaking, EURUSD should move upwards to the 0.93000 region (or 100% weekly fib line). Thereafter, Bulls will most likely run out of momentum and have to back off for a while, letting the bears pull the price back down towards the 0.88000-0.89000 region. After the Bulls' rest, price will continue to move upwards along the natural trend of the...
"Hey folks! this is Highaltitudeinvesting here . Doing some long-term technical analysis on Bitcoin in this graph I am using LOG chart on "BraveNewCoin Liquid index" (this gives me the most DATA for price) Using channels and Elliott waves you can get pretty good Idea of what is happening in the big picture for Bitcoin & Cryptos. $100,000 is first major...
GOLD has a tendency to range. The overall trend is upwards. In order to normalize the price back down, while moving upwards overall, XAUUSD has to move in a bearish direction to the bottom of the channel before resuming it's upward movement. Sell to 1266.00 region, wait for confirmation of the reversal and then buy long term up to the next resistance, using Fib...
Will be definitely keeping an eye on this one. Never trade with money you can't afford to lose.
Hi followers, USDJPY shows a good entry for a Wolfe Wave. This setup bet you a winriskratio about 9 to 1. Two Arguments for this longsetup are in one hand the divergence between RSI and the price and in the other hand the top of point 4 are exactly on 0.5 ratio between point 3 and point 5. Furthermore the bottomline is now broken and make a buysignal. I wish a...
According to the chart, using Fibonacci trend and BB indicator, MANABTC is right on the parallel trend moving upward. BB indicator, also, is presenting a new potential bullish movement in the short-term. For a mid term and long term, it probably stays bullish as it is. The only concern is low volume!
Counterparty seem to find the bottom near $10 psychological support area. Price has reached the low at $9.63 where it rejected the uptrend trendline. Current price action suggests that the long term uptrend is likely to continue, especially after the 50 Moving Average has been broken on a Daily chart. There are two resistance levels to watch, first is 76.4%...
Descending Wedge breakout retracement seems to have respected resistance level. Bear trend expected to resume. Short term trend analysis confirms this claim. Take a look at this great analysis that supports the larger movement Price target would be at around 0.9000.
Analysis: I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse. it has a little further to go hit the reversal zone indicated at the dashed orange lines. Hypothesis: I am looking for latent buy orders to kick in at the levels identified. Price should trade up to resistance where I have indicated by the...
hey guys, Here's a possible wave structure for the dollar in the long term. comment below if you have differing ideas or give it a like if you agree! regards,
Analysis: I've seen SP500 create a short term top at the completion of wave 3 of Wave 5. It is in the process of creating a wave 4 of Wave 5. Currently it looks like a triangle/bullflag but can become a wedge as well. Hypothesis: I am looking for a wave 4 pullback to the orange dotted line, where I have indicated by the blue arrow. (fib confluence area)...
With a lot of hope returning to the crypto space, the people are calling this the next bull run and analysts calling this a sucker rally and we are due to plummet imminently. I see the reasons for both sides but I’m playing it in the middle. Whenever a majority crowd are calling in one direction, the chances are it’s not going that direction. This along with some...