Hi guys, I share with you my technical setup for USDJPY for the next days.
The chart speaks by itself.
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Happy trading!
Hi all,
a quick update on BTCUSD.
On the 1h time frame we can see a bearish divergence, which aligns with a rising wedge and a MACD bearish crossover.
This points towards a short term price pullback. I do not expect a very major pullback though; potentially to the 1.272 Fibonacci extension in the chart.
What do you think?
* Note that I am using the...
AUDUSD Weekly Breakdown
On the weekly chart price shows us a perfect rising wedge pattern, with a respective breakout and retest. To take a trade, entries will have to be assessed on lower time-frames. However, this gives us a strong idea where price is heading in the longer-term which can help us decide on a respective trade.
Overall longer-term bias --...
Price forecast for the next 24 hours should play between the defined parameters.
Rising wedge on the charts. I believe it will play out as a continuation pattern if timeframes, indicators, charts, and candles continue expressing bullish sentiment over the next 24 hours.
Stochastic RSI bullish with room to move upwards
TRIX has been modified to give strong buy...
We have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern.
Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing,...
hello everyone, I hope you have a great day.
ETPUSD had a great bull run past couple of weeks and gain 300% on this bloody market. that's huge!!
I don't think it continues its downtrend but needs a good rest before next move up.
we can see a divergence in RSI and a decrease in volume in the last move up. on top of that ETPUSD now moves in rising wedge that's...
The patterns has seems to be repeating again, we saw this rising wedge happen before a massive bearish move before. We are once again seeing the same pattern happening, this could mean that we might see another massive drop in price. This is not good for Ethereum as the price is getting lower and lower, the price is also getting very close to a critical support...
The larger time frame rising wedge pattern has been stubborn. But I believe it may have just made a lower high for the first time in a while which could signal the bulls are exhausted.
I'm willing to enter in a SHORT trade to capitalize on this opportunity and will gradually enter into a position.
Should we see a break of the lower trend line I will add to...
The chart pattern is forming a very steep Rising Wedge which is a Continuation / Reversal pattern.
The stochastic RSI has a falling wedge forming that will most likely begin to double top.
The RVI indicates a tremendous amount of volatility as the prices momentum rapidly increased.
Ichimoku cloud has a bearish flip and the Kijun is acting as support and...
Rising wedge is under construction, where price could go down to 1.17150 - 1.17250 before completing the impulse minute wave ((v))
While a break of the 1.17150 - 1.17250 levels could be a break of the wedge and price could continue its downfall and test level 1.16760. If the price breaks 1.16760 more downfall could come where next support will be at...
Pretty much a follow up from the short time framed analysis I posted yesterday.
BTCUSD is showing a rising wedge on the higher time frames and thus we should expect to see a bearish reversal. We can always see price to start hugging the bottom trend line.
Expect similar patterns on other major cryptocurrency pairs as BTC holds a whopping ~40% of the market cap...
BTC has formed a rising wedge pattern that is about to follow through with a bearish reversal.
BTC hold the vast majority of the market cap for the cryptocurrency market and thus you can see similar trends on other large pairs.
