Monthly log chart of XRP with Bollinger Bands shows that bands is getting narrower. IMO breakout (up or down I am not sure) is close. How close? If history repeats itself, it should happen in 2 months. Happy trading.
Hello and please appreciate my first BTC analysis. :)
Here I would like to compare 2018 pitchforked downwards trend with a meta-bull trend line that has been growing since August 2015. I’ve drawn these lines during summer holidays and they work fine - respecting our trend-friend. With the current price action we are exactly at the equilibrium.
Green line -...
Not showing it on this chart but monthly clearly shows double top pattern that trap a lot of bull on its recovery from GFC to the end of QE, well supposedly around the time the Fed was thought to end its easy money policy. Yes it can be debated about a when where and how would be achieve by the Federal Reserve. Charts are setting up beautiful, trade headlines...
Great trade opportunity spotted by PKA on tradingview
RSI and MACD are both breaking 3 year highs on price action breakout.
From backtesting we know this often produces very explosive moves.
Suggested stop loss in $23-24 area
XAGUSD (Silver/ US Dollar) it's struggling in a monthly resistance at this moment, overall this pair has been bullish since 2010 so I would like to see it breaking out that resistance, re-testing it and then continuing its' bullish trend.
We'll see what happens.
The AUD/USD Monthly chart is something I have been watching for a little while.
I have been very bearish with many of the Aussie pairs on both a fundamental and technical level for some time, so it is no surprise that the AUD/USD has taken a skydive since July 2014.
Although I don't trade the monthly chart I am cognizant of the approach and then the break and...