1h and 4h Stoch RSI showing reverse on the resistance zone
prepare for a big drop
Big accounts can sell and hold
trade on your own risk and set SL based on your account size
Good Luck
Price broke 200MA resistance and now retest complete and we are looking for a heavy pump here like the green arrows mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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I want to trade this bullish pattern.
i measured and find relevant fib 618 as price action.
Target price : i took target price by measuring with fib exstension.
Trade quality : 7 ( 1-10 scale)
First off we are going into tomorrow really overbought on the 1h.
RSI in the 80s
MfI near 100
If we gap up I wouldn't chase the short, I'd be looking for a pullback and retest the daily 50sma.
If we drop below and close the 50sma then I would feel we are headed for a reversal back to 10,720.
If we close above 11,720 , the next stop is 12k (Weekly...
Palladium tested support at 1820 and didn't found any strong buy signals so the guess is that this is where it breaks and moves towards 1677 as next support. We will short today and see what happens!
Daily is showing some RSI divergence and is possibly still in a 4th wave pullback in an impulse wave. We are also currently at the 200 MA resistance noted as well. Fib zones set on wave 4 to show targets using fib extensions, the first being the 1.272 level putting us right at the bottom of the wedge. Enjoy the decline, bear market is not over yet! ;)
So during this market some coins are doing much worse than others and for the time being it seems like ETH is going to be among the next coins to collapse. In the meantime there appears to be alot of opportunity in trading pairs against Ethereum.
In the case of Chainlink we have a Cup With Handle backtesting the top of a Channel and the Moving averages with a...
Bitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months.
Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week.
Goodluck
Bitcoin has broken under the critical 17567 - 18892 support zone, a range that has held since the middle of June, opening the door to resuming the broader downtrend.
BTC/USD is also testing a break under the November 26th, 2020 low at 16200.
That has exposed the September 2020 low at 9813.
A push back above lows from June may shift the focus back to a neutral...
The crypto pair xrp/usd has got our attention instead of dogecoin that has limited capacities, instead of dogecoin we are now now targeting longs in xrpusd.
The pair could expirience a very bullish run like it just did, the coming Monday at 8.30 am est time.
I'm expecting xrp to hit 1$ soon from now, and so on 2$,3$... and up.
During this week I expect high...
Delek US Holdings, Inc. is a sprawling downstream energy company composed of three segments: Refining, Logistics, Retail. It owns 4 refineries located in TX, AK, LA as well as 3 biodiesel facilities in AK, TX, MS. Its Logistics department gathers, transports, and stores crude and refined oil/products for themselves as well as third parties on hundreds of miles of...
We are not in clear waters yet to be able to pile back in to risk assets. Currently we think it's a good idea to short these Crypto names as long as they are in a bearish trend as long as the most important part of our strategy: The Reward to Risk Ratio is appealing.
