Simple Bitcoin analysis... > Daily formed a double top at all time highs with bear MACD and now possibly breaking the recent lows, horizontal support & .382 fibonacci. At this point... 1. Price can find support here at 58000.00 area/ recent lows, horizontal support, 50ema support & .382 fibonacci and move back up to recent highs. 2. Price can move back up...
Nice H12 Demandzone for IOTA to keep an eye on if we get a dip or a rejection at the H12 Supply + trendline, which makes another LH (Lower High).
COTI on a 1D chart is looking like it is moving within an upward channel and we may be ready to see the price drop to get to the bottom of the channel. The price may have a 30%+ drop (assuming it gets to the 0.382 fib level) before moving upwards in the channel. Keep an eye on the RSI as well. What are your opinions on this? Comment below, hit the like and follow...
From my previous post, you can see we how had a breakthrough; however, is not what we expected, we wanted a bullish breakthrough but did not happen. INSTEAD, Dogelon created a Higher Low, we had a Low already created back on Nov 4th 2021. If you look at my chart on the daily you can clearly see the High and Low of Dogelon, we have extended our triangle. I'm taking...
EUR/CAD has recently broken historical (2020) resistance and is showing uncertainty in price movement. If a downtrend can be established with further LH/LL, this may provide opportunity for a number of short positions in the coming weeks. Weekly chart shows an established downtrend. I am looking for another wave to show some certainty in price direction and then...
The 8h weekend wick off the back-test of the Diamond Reversal Pattern 100% Break Target has resulted in a 8h Lower High. The next test is the low of the move; watching for a 8h Higher Low Pattern to emerge. In the wake of the Diamond patience is important, as the downtrend is forming.
Overall move on the daily seems to be approaching SUPPORT AREA, it's no doubt we are looking at LLs and LHs, price has retested S2 and currently a consolidation happening on S2, a successful break below 123.391 gives a potential SELL OFF. move is 89 Pips.
Fantom (FTM) on the 1D chart shows a lower high. I charted a few trendlines to consider keeping an eye on along with a fib retracement. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my...
See the charts below in how I entered on a retest of the diagonal trend line. In this process, I am trailing my stop loss.
Clearly we can see the market is offering a descending pattern , as guided by the resistance trendline and the support trendline . we can depict the sentiment of lower low and lower highs as offered by the price action . be keen to check my into details (lower time frame 4hrs on my thread )
Looking to get over bearish momentum since early September. sell lower highs.
Hey guys, This pair previously formed a double top and was bearish till it got to that lower trendline which shows lower highs forming. I'm bullish on this pair. Incase it breaks that lower trendline, my bias will change. Happy trading
Nzdusd seems to be on a bearish move. On the h4 time frame, it failed to break that resistance and it has been forming lower highs. i'm shorting this pair my target being the previous low around the 0.68324 zone
ADA is Bearishly breaking below some serious support right now and looks as if it could make some major Fibonacci retraces. The RSI and MACD are also both bearishly diverging. It may reverse at the 50 percent retrace but if you want to take this trade to the extreme you could try to hold short until it reaches the .786-886 fib zones to take profit.
After moving from consecutive higher highs and higher lowers, we have a lower low and a lower high. The lower high flipped just about the 61.8% fib level, and then we see the formation of a Head and Shoulder pattern, While waiting for price to break and retest the neckline, we also expect it to gross below the 52 period SMA for us to enter into the short.
Hello traders and investors! Let’s see how the SPX is doing today! Yes, we have a systemic crash in the US, but we’ve seen worse. This crash seems to be related to US tech stocks and China only, as European markets are still quite resilient, especially FTSE (UK) and DAX (GER), which are leaving huge shadows under today’s candlesticks. As we discussed in my...
Volume pushed priced down setting a Lower High as the inverse failed to break. Support at the X-axis wedge Channel .5. A break to a Lower Low on watch.
Just something to keep in mind...