NZDUSD continues to be in a long-term correction, price is currently consolidating and we expect price to be quite choppy for a while before continuing to gain buying pressure.
Price broke its triangle pattern to the upside, now testing channel resistance. Price broke above its supply zone 109.400, lets see if price can break to the upside from here!
Bitcoin lost ground and falls and falls… Here is a list of the reasons for the current pressure on the price of Bitcoin: • Plans of South Korea about banning cryptocurrencies in the future. • China ordered the exit of cryptocurrency mining and transaction verifying. This is due to heavy power consumption. • Currently, China hosts 80% of the computer capacity...
Price is showing a lot of pressure in its 140 pip consolidation range, after its previous strong bullish engulfing candle bouncing off weekly support, showing that price may be ready to reverse its trend. Watch for a clean break of daily resistance ..
Why is that pressure on the price of Bitcoin? What is the reason for the huge drop in the price of Bitcoin? Why is the correction such excessive? Let’s have a look on the two main influencing variables. Criminal activities in the milieu of Bitcoin. Governments worldwide seized Bitcoins worth more than 3.8 billion USD . They started to sell this huge quantity...
Pressure is building Up for VertCoin! Very Bullish, as we appear to be entering a FLAG/PENNAT that may not burst to the upside until late 2017/early 2018 New Year's?! Elliot Wave prediction can clearly be seen on my Chart, with an A,B,C retracement pattern. This is my best Educated Guess as to where this market is headed. Looking at the sine wave in the...
looking for a break above the 5.7x area low volatility and positive volume pressure
USOIL: 49 is expected as a selling zone But , target is not very low so far. Check more updater later beneath the main chart. Less is more!
weekly time frame showing momentum off of weak corrective move signaling strength daily time frame nice gap up to new 50 day high to continue trend on positive volume pressure long term hold
*EUR is pumped by dragi and Bulls stil hold the power.* *However, it is now in the long held support zones since August 2015.* *A SR Elliott Wave 3 is now starting and lets see what happens.* *Clear breakout of 1.1700 and 1.1710 would be strengthen the bulls more. * *Alternatively, the strong US data coming out next week would be a good reason for the market to...
higher time frame is showing range bound price action- negative divergence in rsi closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum lower time frame shows price action in that same range contraction apply pressure to the support area with multiple...
long term trend is in a strong uptrend intermediate time frame is showing long term moving average rising with the medium term flattening looks like a shallow pullback with strong support confluences at the .236 retracement level and volume by price and dynamic support volatility is contracted and congested at said area looking for an advance upward rsi pulling...
Having failed to build on Monday's bullish gap, the AUD/USD pair came under some renewed selling pressure on Tuesday and has now eroded all of its gains recorded in the past couple of trading sessions. With today's slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders...
1. BUY ACTIVITY WITH VOLUME AND RISING PRICE (Why ?) + 2. FOLLOWED FROM EXTRAORDINARY RISING OF THE HASH RATE (2x in some months) + BUY PRESSURE CONTINUE UNDER INCREASING OF THE HASH RATE = 3. Bitcoin is preparing for a upper breakout! This could happen from a instant lower hash rate (check the blue line) or with a small increasing every month (check the...
After the NFP USD rallyed but didn't take out the lower high im expecting consolidation back to arcs the next week before retesting the Major High Creating a nice dobbel topp. Im Long USD until the purple arcs are beatn. On the other hand If this Lower high Holds my previous post is still intact. GL Trade safe :)
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...