just a few days away from the monthly candle close and these 2 patterns looklike the ones to keep an eye on on the macro level.
Hello everyone, I think that this chart do not need any extra explanations as it is self explanatory. Bitcoin is attacking highest monthly candle close in history tonight. It is very important moment to watch. Goes in hand with Bitcoin dominance chart as well so I do recommend to take a look at the BTC.D chart as well as it can hint us if ALTs relief rallye...
U.S. Dollar Currency Index Analysis 29 October 2020 DXY is currently ranging between the 3 Month Level of Supply Above Current Price & 3 Month Level of Demand Below Current Price TVC:DXY
THE EURUSD monthly chart pattern look bearish so we can see a start of a downtrend the next week , but you can still be a buyer for the short term and to minimize your risk , in the end USD will rise again after the pandemic end
Watch Monthly Horizontal Support Resistance Lines For EURZAR Currency
taking a look back at our monthly symmetrical triangle pattern that we broke above a couple months back we can see that it looks likely price action will try to retest the top trendline as support before fully confirming the breakout. In order to retest the trendline, it involves price action having a 31% correction from the recent 12.5k temporary top. We also...
We may come back down and retest the top trendline of the symmetrical triangle before takeoff but to me this looks like probability will favor and validate this pattern breakout. Being a monthly chart it may take several months to reach the breakout target but based on this simple macro pattern we are likely in for a very bullish 2021. Of course we are only just...
The monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now...
Be careful on EURUSD. As you can see, the price is testing the Monthly resistance. (purple rectangle). We can expect a rejection. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Hello Traders, I believe it is extremely risky to go long at this point. While we did just break resistance in the form of the red dynamic trendline, we are about to hit the bottom of the Ichimoku Cloud at around 9900$ which will no doubt provide at least some resistance. We are approaching halving which will be a moment of high volatility. Trade responsibly and...
Although a lot of traders are indicating upcoming bullish movement into the EURUSD, my technical analysis indicates a continuation of bearish movement. If we look at the Monthly chart of the EURUSD, we can observe two important issues in the chart. 1st. Price is still moving into FIBONACCI extension direction to take out the 161.8% @1.00376 2nd. We also observe...
Hi traders! This is a fragile chart who need more attention then usual. (Monthly) This level that oil is reaching, was hited in January 2002, long time ago. If this level is breaked, barel price will fall to the next support level wich is 11.66 (more or less) In my opinion you should wait for a nice reverse candlestick patern like a reversed tripple bottom or...
Monthly Chart of WTI Crude Oil The commodity is approaching the trend-line support. The trend-line joining lows of Dec-2008 and Jan-2016 is lying around 22.50-23.00 levels. For educational purpose.
@jagrut Monthly Chart of Nifty IT The index is trading in the Channel Pattern since April-2019 to till date. Similar pattern was observed from March-2015 to Nov-2016. Both the Channel pattern has been shown in the chart. Then outlook for the index in coming year looks bearish. On Monthly chart the index is trading in Channel as shown in the chart. For education purpose
patiently wait till price hits the 38.2% level where it meets the trend line then short sell.
Hi everyone, Welcome to another Bitcoin update on the Monthly Chart! As usual, it's all pretty clear in the chart. I take a look at the MACD, Sqz Momentum Indicator and RSI on the Monthly chart. Assuming we are in a new BULL market (as of April/May 2019), here are some points to consider on the indicators: 1) A bearish MACD cross never happens when BTC is in a...