So, this past week was rather flat for Bitcoin in comparison to the previous ones. We saw the market consolidate further up but essentially become flat due to the very important resistance level of 6900. We saw it retest the resistance MULTIPLE times on the lower time frames, and yet, failed to breakout of it every, single, time. Despite the positivity coming from...
The voice in my head says short, my indicator says long.. Who do you think ?
On the pair GBP/USD is developing a resistance line with 6 bounces for the last 14 days and 11% drop since then.
Hello traders, Description of the analysis: Vix is currently in extreme resistance +-50 to strong resistance but there is room for its further growth to 90. The unpredictable coronavir fundament can cause further declines. Be careful, but there is slowly room to build your long positions from the long term. About me: Hi, my name is Jacob Kovarik and I´m trading...
Hi pros! there is a confluence of resistance which where rejected by the price CR is composed of: -up trendline -down trendline -horizontal resistance -0.618 fibonacci There is a very high probablity for price to fall again and possibly continue the downtrend Let's short this market aiming for a lower low
GBPAUD is looking bearish as buyers are losing hold from the 61.8% fibonacci level, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.9300 level(TP level). This would certainly be a move for next week. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully...
this is a continuation of the previous episode of "sideway market@ very boring market"... now we zoom in into 15-min chart... support - - 2600, IF price breaks lower than this, THEN consider short... resistance- - 2660, IF price moves higher than this, THEN consider long... WARNING : this is definitely not a recommendation to buy or sell, it is juz my...
I started buying BNB when it was around $2.50 but had sold all my holdings last year to pay for software development. I recently started buying back in as BNB broke out of a 7 month descending pattern at the beginning of February. But it was more than just breaking out of a 7 month descending pattern that is worth noticing. BNB had also crashed through the 2...
Weekly analysis: - Huge move up, broke resistance at 160 and instantly went to penetrate 165. Move is too fast without resting - Topping tail - Good move down to 1.1 R without much resistance Daily analysis: - Nice long topping tail with decent volume - 2 Huge green candle up not much resistance going down Intraday analysis: - End the day with a inverted...
price near resistance if turns resistance into support it can pump 10% very easy within one day
Weekly analysis: - Breakout at around 160 did not had any consolidation period. Notice the first breakout at 153.5 had some consolidation before. The second breakout at around 160 had long wicks and only took 2 weekly candles - Stock is likely tired from the accelerated breakout attempt with almost no consolisation. - Inverted hammer forming at resistance...
Possible psychological resistance at $200 a share, wouldn't recommend shorting this as this is a very consistent stock, providing steady returns, however it will be interesting to see what occurs once price has broken the $200 milestone. Also sitting at top of regression trend, which may lead to a small pullback
Looking at daily chart , BTC price hit important resistance creating by midterm downtrend line and MA200 , price retesting also previous broken uptrend line like a new resistance . Worth to watch how will close today and next D1 candles. if bulls will step in near 7800USD , price can move up higher, if not, we will test lower supports soon.
Stuck between an ascending channel that would mean going short or a bullish rectangle which would force me to go long. The short is accompanied by a resistance too, so more sentiment on that. Good luck and follow me for more!
FX:GBPAUD Currently the price makes a consolidation against the primary uptrend. Considering that the overall trend is quite bullish, movement to the long direction is more likely sooner or later. The trend makes it possible to trade with nice RR ratio. As always we cannot expect any movements from the market. Therefore, I marked the support with blue line...
As shown, in the yellow area we can observe price resistance, where the market failed to break through each wick and currently has started to drop. On the daily chart, we can observe a change of trend - proceeding downtrend and as the market retraces, we look for sells. Change of trend - 3 wicks that show resistance - pullback on the daily chart. A blue line has...
This is my first time analysing a chart and plotting the support and resistance. I used the weekly, daily and 4hour chart to do this. Comment any tips for future analysis.
Hi all, First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :) In front of you the 4hr chart of bitcoin. Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great...