While the daily PPMs are still looking to flatten out, it doesn't change the fact that the over-zealous selling we are seeing now was caused by the santa rally that overshot the high fib targets in practically 1 session. A likely scenario now would be a test of the 10 SMA at 3.244 before bouncing back up. The scenario mentioned yesterday about a blip may not be...
Here I have EUR/JPY on the Daily Chart! Ever since price made its High on Nov' 15th, it has been in a decline. With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!! With the Bear Flag, we suspect Price will give us...
Hi Traders! EURUSD looks bullish near the support area as the market is looking to re-test the 20 EMA and possibly target the resistance zone. Here are the details: The market is trading near the support zone, and we are looking for a bounce near this area. The strategy here is to buy market dips and retracements. Preferred Direction: Buy Support 1:...
We've broken and retested the 20 MA, I believe we will continue to move upward toward the top of this descending channel.
ETH seems supported well on the uptrend channel support and also 20days Moving average. next hard resistance for ETH is $2500. DYODD
Confluence are (Fibzone and Trend line). Momentum on downsize as per moving averages. Dollar strength confirming direction
after consolidated for 1 Month ( dec 2023) , BTC finally breaks above $44,000. Resistance turned support. hence take note on $43,000-$44,000 support. next resistance at $48,000 indicator: price is supported well at 20MAs (red line is 20 days moving average). short term momentum is strong. DYODD
Happy new year to all. Santa sure made his round agree Christmas with the rally leading up to the new year. The daily PPMs 1 and 2 are squarely in trend mode up. This makes today's fizzle out seem more like a blip than actual stalling. Also, there is usually some rally in the markets in Jan so do take now of that as well. Weekly PPM 1 is still looking strong...
So many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto. 1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside. 2. Range: Price needs to reclaim the Median level (white dotted line) for more upside. 3. Trendline: Price needs to reclaim the Trendline...
SNAP tightening in a bullish pennant after doubling off the bottom. Target $20.95 gap fill.
Watch video. Too lazy to type what I said. It would be nice if they had a speech to text thing for this so that it would write what I said.
Summary of 20 minute video: PA looks horrible as usual. We never seem to hit the targets that need to be hit for the price to go up. I am still bullish on BTC, but the buy spot was the week start of Nov 20th, not now. Anyway, I think we go to 42.6k, then 39.5 (oversold wick because of stop losses and then come back above ~40,300 and find support on the 12HR...
Out of consolidation phase Recovered over 250% from bottom Towards completing the cup Rebranding as Samman capital Lots of past issue are behind FIIs/DIIs heavily invested.
Show some strong signs at these levels: Support at 1262 Level: The price is currently resting on a critical support level at 1262, indicating a potential bounce or continuation. 200 Moving Average Support: Further reinforcing the bullish case, the 200-day moving average is acting as additional support, adding strength to the current position. In...
price has been tested 1.31996 as a support level it might retest it again waiting to break 1.32637 resistance level
Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance. Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box. Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new...
I suspect a bounce off EMA 26 (1h) is the most likely scenario. Failing that, there's further support at EMA 36, two 50% levels, and prior support / resistance lines. For a low chance of being stopped out, placing your stop at 0.85 provides room for plenty of support. If you are looking for a more aggressive entry, I would DCA at EMA 26/36 and place the stop...