The prices have been too far away from the MA 200, it is time to have a prices correction, we can see consolidation starting and the sell volume isn't strong.
The position is strong in sell. The prices are hitting the 78% fibonacci indicador, and it migth hit the 100% revsersal prices at $37k.
The prices are down the MA 200 , 14 and 7.
Your job as a trader is to find assets with RELATIVE STRENGTH to this downward trend (if you're long).
$NEAR fits that description, for a simple reason: It's at support on the OBV, right above the daily MA200 and the MA200 is pointing up.
This means that not only is the asset still bullish, it also has a significant edge in your favor: EASY INVALIDATION OF A...
Trade ideas for USDCAD
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
I have bullish mind about bitcoin and how it has been closed on Nov,28.it was very nice just before new week
And on VETUSDT there is pinbar + support zone + MA200 Daily + 0.618 Fibonacci weekly & MA50 weekly at the bottom of the bullish channel
It worth to try and buy
the target would be around 0.1864
and SL at close under the support zone
Do not forget...
Hello!
This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"!
I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though.
IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve...
Hello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest...
Hello!
Has CRO just recently entered an Ascending Channel taking us up to 1 Dollar?
Only time will tell but it sure looks like it!
If you want to HODL long term a good entry would be the dip (buying Zone), always buy the dips.
If you, however, want to get a fast profit ( ~20 %), just sell at TP mark as shown in the chart.
And as always, dont forget to use...
Hello!
This is just my analysis on Eth at the moment after crushing previous ATH again.
As usual, not gonna write alot here instead look at the Graph for all the information!
Happy Trading!
The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it:
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied...
The last time the MA50D and MA200D intersected, we saw a price increase, and as the MA50D approaches the MA200D, I expect the price to rise. But given the bitcoin and USDT.D dominance position, we are a little more cautious.
The most important area of resistance and support seen in the past is 0.259 and $ 0.21, and considering the pattern of the three-star...
Due to the formation of the shadow a few days ago, it is expected that Bitcoin will try to touch that price range. The most important bitcoin support in the fall can be considered in the range of $ 42,000. Given the USDT.D and BTC.D positions, a relatively weak fall is expected to occur.
Due to the proximity of MA50D and MA200D to each other and the position of...
BTC staged another attempt to break out and managed to successfully make a daily close above the crucial line ..... so we are expecting the same move for altcoins
only 1-5% of balance✅💰
