No matter it's a correction or a reversal! Most dynamic levels are broken but the strong SMA200 is still valid! I think what ever happen in future there is a good probabilities for a wining long trade!
Cable reaches our TP and it is going further down! GBPUSD breaks the support strongly! Short now or wait for the level! I'll open some of my position sooner than the buying level.
We all know about the USDJPY supper bullish trend! Considering Japaneses officials speeches over yen, a correction was expected but who knows if it's just a correction or a reversal? I see good probabilities for a good R to R around coincidence of Bullish channel Mid-line, consolidations range occurred between 1st to 5th of September ( which is a base candle...
There is not any strong dynamic nor static level in the way of the pair. I think trend follower scalpers could make good money out of the pair these days. Moves are sharp and there are not serious problem in the way of the pair. So, turn on your trend following experts ( trading bots ) to enjoy the good probable profit. I recommend fast and slow EMA crossover.
Buyers did not tolerate breaking of the level! Generally, by breaking a level down more sellers join the market, if buyers be able to move the prices even higher the broken level it's a good sign of their power. some classical analyzer may find a Head and shoulder here! Bulls are so strong and price react bullishly to the dynamic levels. I'll buy some XRP...
Pound-sterling is struggling to break it's MA100! If it does so, there MA25 might be a perfect dynamic level for responds of the pair. MA25 might be a good dynamic level for short trades too! So I'll just take this pair under observations and I will not trader until the yellow box is broken. Both green and red levels are strong. The red line is aggregation of...
As you can see strong dynamic level is broken up and in case of probable reversal I will long the pair around the demand zone. TP is around the VP of the last significant reversal which coincidence with dynamic level. SL is just below the zone! I think the long-term channel may be broken temporarily. We do have chance to short from the VP level.
Ethereum struggles with its first 4 hourly task. Detail view on 1 hourly chart shows a rising wedge with MA Ribbon as resistance. Come on Lady Ethereum - if Bitcoin is a Mr. ;-) Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *no financial advice do your own research before investing
Ethereum MA Ribbon on hourly just flipped green... candle closed with nice volume... breaking the last high of $4.353 (green line) would align with low volume resistance afterwards *no financial advice
Since the MA Ribbon switched bullish after the Corona Crash on 25.04.2020 Ethereum closed only 7 of 114 candles below the EMA26 on the 5 day chart (orange line). The correction at that time endet at the EMA60 (green line). The current correction is even above the EMA8 at time of writing - Ladies... nothing happend so far :-) *this is no financial advice
If history repeats a similar move the final Hash Ribbons signal that was posted prior to the historic bull run in ETH returned nearly 4,300% over 126 days. If a similar moves happens then ETH will target $23k by April 2021. We are still very young into the upside in ETH. Buying here at spot would be a one time heavily discounted opportunity. We will have days in...
We are still inside the ascending triangle
Here's hopefully a clearer picture of the first instance of price falling beneath the previous major low as indicated after the fact, by the blue circles of the hash ribbons indicator.
This is a fair estimate of BTC channel + my 2 favorite indicators, no need to look for MAs or RSI to make good decisions on the macro cycles
Using VPVR the 21, 30, 100 & 200 EMAs on the BTC.! Chart it's easy to plot areas of possible up or downsides by looking at the strength of volume or the lack thereof and whether or not the notion of a drop or pop is supported by the EMAs.