This sideways market has to break eventually. History says it will break to the upside. Right now, I'm hopeful that July will show a strong recovery and move up into the Resistance area around 45600 before falling back down to the Support level around 40200. At this point market factors could remain suppressed and continue to push BTC into another sideways...
Quick glance : On our previous analysis on ETHUSD , we discussed the Bears seemingly taking over. Although, the momentum was mixed, it appears that ETH might face some heat against it in the short term. Market in the last 24hrs ETHUSD witnessed a bit of selloff. The fall was not drastic, however the bearish momentum persisted. Today’s Trend analysis ETHUSD...
Look at the RSI, is not going up as compared to its previous performance. But the price is moving up. My analysis there is little strength in the price movement. So may be a dump to 22000 would be great before moving up.
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Hello traders and analysts, Here is our take on the S&P 500 and the Russell 2000 Small Cap. It is important here is to note; that the peak of the hull for SPX has hit our island zone where price has shown a full retracement in the V shaped recovery and extended a little to provide great returns for long investors and over offered market conditions. The cycle to...
Price broken support wait for a correction towards new resistance then entry trade once there is a clear rejection
DESCRIPTION RESULT from last previous idea: Looking at the updated trade progression of last post, it was observed that the Forecast failed to reach the proposed support line reversal at $8,956 which rendered the setup invalid . Meanwhile, we have been experiencing some tight price movements at the moment within the horizontal channel that brought it to the...
We have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change. Therefore, beware, as the price is at the moment evolving around the red dotted line. Besides, the price has shown also elastic movements, coming back again and again to its previous...
What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement. A rounding top represents a sell signal . The initial upwards...
Trend reversal might occur in USDCAD.. ..the idea is based on strong price movement and breakdown of the resistance level around 1.326. Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1 // Feel free to share your opinion/position via comment and follow me to stay updated.)
Good day today everyone, It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation...
if the 4h keylevel is broken easily and the weekly tried and then maybe pullback on to the 4h for a second try and break of the weekly? that would be bullish. Otherwise staying out, probably waiting for the pullback on the weekly key level tbh