CADJPY has been in an uptrend this week with the price struggling to get past the 90.5 level. On the 1hr time frame it appears that the momentum of this uptrend has started to slow down, along with the overbought RSI levels on the 1hr time frame indicating that the price will reverse from this area. The target of this trade is 500 points below the current level,...
GBPUSD has fallen considerably this week since reaching the key level of 1.36. Cable now finds itself trading just below the 1.355 level however the price has found some support on the 1hr time frame. The RSI levels on the 1hr time frame reflect that price is in oversold regions which adds to our long bias. The target of this trade is located at the previous high...
AUDJPY has been in a solid uptrend today, gaining over 0.96%, and is currently trading around the 82.735 level. On the 1hr time frame, the RSI indicator is at extremely overbought levels (105) which indicates that this uptrend could start to slow down soon. There was also a failure in passing the 18th of February's high (83.173) which also adds to our short-bias....
Bitcoin continues to remain bearish as price inches closer to the lower end of the parallel channel. Lower indicators all show bearish price trend and momentum. Abandon faith, all ye who hold Bitcoin below $33k.
Putin sent "peace-keeping" troops into Ukraine today after declaring Donetsk and Lugansk as independent. Watching for a move in gold above $1917 for the precious metal party to really get going on the heels of geopolitical risk. We also still have record inflation and monetary tightening by the Federal Reserve planned to start in March which could lead to...
We have what seems to be a Lower Low Double Bottom at the PCZ of a Bullish Shark Pattern with a bunch of RSI Bullish Divergence that if it plays out will take us up to around a minimum of $50
Evening Traders, Today’s analysis – ATOMUSDT – trading at a key support level where a rotation back towards the high is probable, Points to consider, - Price Action Corrective - Local OB Support - .618 Fibonacci Resistance - POC Resistance - Low Volume ATOMUSDT’s immediate price action is trading at an order block, offering support, this allows for a...
Ethereum forming a bullish flag in that key zone of $2,750 USD approx. i see that price action show us a buy signal in that zone and RSI forming a tripple bottom divergence and combining with price action. So, Ethereum can to go up. But more interesting if that looking in Daily timeframe, we forming a bearish channel in H4 timeframe that we can to see better....
In this 2nd section, I enfocous to talk about in weekly timeframe and to recall. this it's a study of Elliot Wave Analysis to know what happen in the macrotrend. We forming in this range 2 times of ABC patten. And that point it's consolidation of the market. So, we would need to know if this zone it's distribution that we could to begin the bear market if...
Bitcoin is trading lower Thursday and will need to see a bounce off a key level. The crypto is trading in a sideways channel and has fallen to the $40,000 support level. Bitcoin is falling back toward the $40,000 level and wants to bounce back. If the crypto can hold this level it may start pushing more bullishly as it is forming higher lows. Resistance may be...
A trader buys low and sells high. Usually with volatile stocks like these that will mean buy when sentiment is worse vice versa. If rsi goes under 30 you buy, over 70 you can start to unload because this stock tends take some time to form a top.
RSI bearish trendline is broken. KLAYUSDT to the moooooon.
Evening Traders, Today’s analysis – ONEUSDT – trading at a key location where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Local OB Support - Low Volume ONEUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and a Local...
BTC Daily Chart We can see that price likes to explode when reaching support lines. Slowly dies after Vertical lines show corresponding RSI movements to BTC Daily chart Trendlines on RSI show overall movement after pump Green arrow + red line predicting next pump???
EURAUD has been trading within a range today, however the the price has just reached a key support level that has seen bullish price activity before. As this support area has held multiple times, our short-term bias for EURAUD is long with targets at the previous high. The RSI indicator on the 30m and 1hr time frame are currently in oversold conditions which add...
Evening Traders, Today’s analysis – ATOMUSDT- rejection of from an order block, allowing for a move down, Points to consider, - Price Action Corrective - Local OB Resistance - Local OB Support - .618 Fibonacci Support - Low Volume ATOMUSDT’s immediate price action is rejecting of from a Local OB Resistance, trading towards the support level that has...
CADJPY has been in an uptrend since the 14th of Feb, setting lower lows and higher highs. However this uptrend was unable to surpass the previous high of 91.456 on the 11th of Feb. The RSI indicators on the 1hr and 30m time frame show current levels to be in overbought regions, which adds to our short term bias. The target of this trade is located around the 90.6...
We have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.