On weekly chart, - Negative signal RSI, BTC need a positive divergence signal. RSI < 50, BITSTAMP:BTCUSD down in range 70-80% from ATHs. Right now, BTC just downed more 50%. So it's done? Maybe not yet. But when zoom in BTC has been downing more 35K equivalent to previous times. If the decreasing has done, BTC comes back to the race go up to...
As I mentioned in my previous analysis ✔️ the price has started to gain and breaks the descending channel to the upside 💣🐳💣 and now here we can expect the possibility of retest to the descending channel before more gain 🚀 or from the support area here, we can see more bullish candlesticks 🚀 Please, feel free to ask your question, write it in the comments...
Hey traders, It looks like the channel that we discussed yesterday is broken. With a high momentum bearish candle the market closed below a support line of a rising parallel channel. I believe that soon we will see a bearish move to 87.0 level. ❤️Please, support this idea with like and comment!❤️
The price continues to move in a downward channel. On the correction, a gravestone doji candle was formed, which indicates a reversal of the movement. I expect that the price may fall to the level of $1.13205.
I opened the shorts position due to the broken upward trend channel and after the pullback
Will HBAR continue this downward trend on this descending channel? We have seen a sell-off between 50% to 48% once top hit. Could we see a possible price at bottom of this channel between $0.15 and $0.13? Let's see what happens in conventional markets.
Investigate the possibility of falling prices up to $20,000 In the weekly timeframe, BTC is moving in an ascending channel after a strong rally which happened in 2020. For now and as you can see, The BTC is moving in the lower boundary of this ascending channel. As I mentioned on the chart, $33,500 is a critical support zone for me, Just 1 candle close below...
Hello traders: Lets take a look at USOIL and the possible bearish price action its developing. Price has formed into a larger, higher time frame expanding structure, with a few swing highs and lows to confirm a structure in the making. The latest development shows us a lower time frame ascending channel reversal, and we did indeed to a sharp bearish impulse...
Hello traders: Looks to me like more AUD pairs are continue more bearish momentum across the market. Here on AUDCHF, we can see after a bearish move down from the price, price falls into a bigger consolidation. Slight ascending like, and price within fail to continue higher, instead a reversal impulse down within the correction. Now the price has show its on...
Hello traders: Last 2 weeks ago I was more looking at AUDCHF and NZDCHF that can start to have bullish reversal up move. However, in these last 2 weeks, price failed to build up any bullish price action or momentum to the upside. Instead, it consolidates more. This is usually an indication that there's a balance of buyer and seller currently in the market,...
Wabi broke out of the downtrend in october 2021 and it's now re-testing an important level which i want to see hold. It looks like it's holding for now. If you notice the RSI is always printing double top before giving us a rally. This time we had another double top with a consequential crash in price. This shouldn't scare you because wabi is going out of a...
Daily time frame analysis on USDCAD. Trend analysis & directional bias. Structure analysis & price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
NIFTY MAX 17900 WHEN #NIFTY50 cross 17440-500 ....... ...then 5 wave started
The Channel BreakOut Strategy creates a channel with its bands based on the highest and lowest values for the last 5 bars. The strategy enters long if the high of the current bar is higher than the upper channel band of the previous bar. It enters short if the low of the current bar is lower than the lower channel band of the previous bar. It will invalidate...
Hi Traders, JPY pairs across the board are still developing bearish price action due to the global situation happening between Russia and Ukraine. Looking at the price action we can see a strong Impulse push down from 78.00 which is now making another correction indicating more continuation to fall. Keep an eye out for this pair, follow your trading...
Hi Traders, CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we...
0.5 Fib retracement then bounce off the bottom of the channel to new highs