Monthly charts represents series of data points where each data point is comprised of the price movement for a single month of trading.
This chart type has been used for a long time by traders and typically applicable for long-term trading.
We have Hidden MACD Bearish Divergence on the Monthly and if proceeded by follow-through price action we can be in the midst of breaking through the confirmation line of a 3 Rising Peaks. Upon Breaking through i suspect it will give us an ABCD BAMM movement all the way down to a minimum 88.6% retracement but at a maximum it could go slightly lower than that.
Looking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that...
FX_IDC:GBPJPY Has just broke out a massive triangle. The broken upper wedge that been extended since 2007 is now being retested. Price action might remain choppy but targets are big! 164 and 174!
#AHMEDMESBAH
Hello,Traders!
EUR-USD is retesing a long term falling support line
But the nature of the falling support lines
Suggests that the pair might be sliding down
Alont the line slowly, so this is not definitve
However, If we consider that the rising support line
Is nearby, then it becomes clear that once the pair
Retests the...
In the monthly time frame,it can be seen that the price has reacted to 1/8 of Gann fans support line.This support line almost coincides with the mid line of the Bollinger bands.In the path of increasing the price 1/2 of the gann lines and the upper line of the bollinger band will act as a resistance zone in the range of 37 to 39 cents.This analysis is for...
The monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is...
Most of us either are scalpers & day traders. A very few categories of traders perform swing and position trades, as it involves higher timeframe analysis possibly from 4H & above up until monthly candles. Here we analyze the EURUSD M charts and try to observe what the market is telling us on a larger scale!
Currently the price of the EURUSD is approaching a long...
Short Term target is 54k
Long Term target is 20k
Monthly is consolidating and will likely find it's way back below the 20 EMA near the bottom of the Keltner Channel.
Well, Monthly Chart doesn't look bullish anymore. we'll see in 6 to 12 months
What do you think?
NOTES:
- Just my thoughts, not financial advice
- The last candle just started.
- Monthly Chart... check scale (Time)
- Logarithmic Scale
Hey guys today we looking at ETH ,since we dropped our last forecast on ethereum in November ETH hit its new ATH around the 8th to 10th of November and on the last week on November when the whole all the financial market pulled back, ETH also dropped to $3575 and touched our support and trendline of $3686 and till today its still holding our support.
So all this...
The possible target of the rising wedge formation in the monthly time frame does not look encouraging at all, there is a possibility that there will be a move that will almost completely eliminate the entire annual rise.
FX_IDC:EURUSD Monthly is showing a retest to a broken massive channel, these setups usually take months to play out.
Primary target is 1.16
Follow for more setups...
#AHMEDMESBAH
TVC:DXY looks like it wants to go back to 102, almost 103.
Downtrend was broken with gusto; multiple bullish candles to confirm the change in trend on the monthly chart. Looks primed and ready to hit 102/103 and most likely surpass those levels after contending with it a second time.
This will most likely be a headwind for emerging markets. So it may be...
Bitcoin Bearish RSI Divergence on Monthly Time frame
Bitcoin Bearish RSI Divergence on Monthly Time frame
Bitcoin Bearish RSI Divergence on Monthly Time frame
