Weekly (I), (II) (III): Uptrend, is at wave (IV) to (V) Daily I, II, III: Uptrend, is at the wave II to III. H4 (1), (2), (3): Uptrend, is at the wave (6) to (7). * EURAUD has the Overbought RSI and the Price Channels. * Waiting for a reversal signal at the smaller time frame. Note: Daily and H4 group wave is still valid for an uptrend.
March 18, 2018 till present date is captured in this 4hr tf analysis for Stellar (STRUSD) with a bear channel currently active since ~April 28, 2018. The summary of this post is that no buying should occur until the bear channel gives way to bullish momentum that should see Stellar (STRUSD) breakout of the current bear channel. Failure to break out of the...
Looking at the previous (2014) and recent (2017) bubble movements of Bitcoin, we can see three apparent price channels that dominate the cycles: 1) Base 2) Breakthrough 3) Pop Here the chart is logarithmic to linearize the growth rate (price channel), assuming the cycles are predominantly exponential. In the previous cycle we can see the Base price channel...
The 1hr tf chart of Ethereum (ETHUSD) as shown here captures the market action for Ethereum (ETHUSD) ever since price bottomed at ~ $511.64 on May 28, 2018. The pink line is derived as a vertical projection of the top line (red) of the bullish channel. Further break to the upside past target 2 as shown on the chart could see Ethereum (ETHUSD) target the upper...
My previous post for Cardano (ADABTC) can be found here: It was mentioned in the previous post that Cardano (ADABTC) had broken out of its bearish channel which therefore had possible bullish implications for Cardano (ADABTC). Possible points of entries (POE1 and POE2) were also given as price levels to enter a bullish trade to avoid picking price bottoms which...
Ethereum (ETHUSD) as mentioned in the last post collapsed to Support A instead of returning to a price target area between ~$858.46 and $885.75 to maintain its current bullish momentum. A break of the channel at ~$739.81 on May 10 does suggest a bearish bias for Ethereum. Price action on the other successfully testing Support A (~$685.23 and $646.08) indicates...
Cardano (ADABTC) broke out of its bullish channel and also moved past Support 1 as mentioned in the previous post given in the link below: Support 2 also given in the previous post is currently being tested and is shown in this post as the horizontal blue dotted lines between ~0.00003073 and 0.00002953. Cardano (ADABTC) breaking out of its previous bullish...
Bearish pullback patterns: Tweezer Tops = 0.000 3BarPullback = 0 .236 3OutsideDown = 0.382 Tweezer Tosp/Top Fractal = 0.500 Forecast: What will happen, a bullish reversal in the demand zone (strong support) or a breakthrough? ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Cardano’s (ADABTC) price action was capture in a bullish channel in my previous post which can be found here: Cardano (ADABTC) at the time of this post is testing the upper region of Support 1 at ~0.00003547, which also coincides with the bottom of the price channel. A break below the bottom of Support 1 could likely trigger a sell off to Support 2. Cardano...
My previous post on the bull channel for Ethereum (ETHUSD) can be found here. It was mentioned in the previous post that the next target for Ethereum (ETHUSD) to indicate a continuation of its current bullish momentum was ~ $737.36 and $763.47. Besides, Ethereum (ETHUSD) also reached Support 1 (~ 627.68 and $597.18 ) mentioned in the previous post before...
The recent bullish action in Cardano (ADABTC) from ~0.00002389 on March 21, 2018 till present date is captured in this analysis using a price channel. Price move upwards thus appears limited as shown by the upward red arrow as the upper target of the channel is ~ 0.00004324. Any consideration of a long position (i.e. buy) would require patience for Cardano...
Target is 0.00003000 RSI looks nice. Moving Averages are being support line. Good entry point.
Legend for price level, trend line, and rectangle: Dark Gray > Weekly Level Blue > Daily Level Red > H4 / H1 Level Green > M15 / M5 Level Yellow > M1 Level D1 and H4 are both showing the overall trend is still up with price is holding above MA200 and major D1 support area 0.87353 - 0.87874. For the last 1-2 weeks, price is moving and forming Rising Price...
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames. How to Align Fibonacci Levels: A very good and objective way to draw your Fibonacci levels is to use Gann...
GLD has become overbought as shown by the Hurst Bands. Price could possibly exceed the overbought Hurst Band (pink colored band). The Starc - (minus) Band has crossed over the middle (light bluw) line of the Hurst Bands. This is typical when price action begins to become extreme. It does not mean that the extreme price action cannot or will not continue for a...