ETH has been looking particularly strong throughout this relief rally, but I'm expecting resistance around $1750-$1800. This is a strong historic support/resistance level, and we can expect short pressure to pick up and long pressure to drop off substantially here. So a break above this level would tell me the bulls are back firmly in control. It's also worth...
Today we are going to see the extended triangle model that is forming the price of the BTC /USD pair in weekly candlesticks, below of the pattern we have left the acclaimed 200-period moving average (200MA), one of the most important resistence on the bitcoin cycles, we are below that resistence but only temporary. RSI in addition touches on the relative outside...
Joining a global commodities rout, Soybean Oil had a rough time in the past 2 weeks, tumbling close to 22%. The move precipitated after breaking the 6-month uptrend and has struggled to find support until now. After bouncing off the $65 support level and the 61.8% Fibonacci retracement, prices seem to have found a floor, ready to make the next leg upwards. ...
The price has formed a falling wedge pattern. We expect the price to keep following this trend. RSI is under the 30 threshold, this indicates that AUDCHF is oversold. We are looking for 50% Fibonacci retracement. Target: 0.688 Entry: 0.674 S&L: 0.669
The price has formed a double bottom, so we expect the price to break in the upside. The RSI just crossed the 30 threshold, this an indicator that CADCHF is oversold. Target: 0.764 Entry: 0.747 S&L: 0.739
Hello Everyone, I was trying to make an analysis for possible bounce from last 1 week but was not able to get any glimpse on it. But, Today, after 1D candle closing, i see something which is saying few things. *We are experiencing strong drop over the last few weeks. We can clearly see Bitcoin is now oversold levels. Daily and as well as in Weekly. we are...
Extremely similar RSI formations Bottoms along 200MA is a common trait between the two structures Entry now is great for long position I hope a parabolic run follows this one, as it did the prior Weekly Chart
INDEX:BTCUSD According to RSI it looks like it is. Can it go down? Absolutely YES! Will it go down? Could be. Will it go up? Probably YES! Disclaimer: This is not financial advice. Make your own research and act accordingly. Cheers!
The price has formed a falling wedge, we expect the price to break to the upside. we are looking for 50% Fibonacci retracement. RSI: Is below the 30 threshold, this means that it is oversold. we are expecting upcoming bullish momentum. Target: 2260 Entry: Buy zone in chart
Here’s one if you like drama. Barely averting a strike in Norway, ongoing conflicts in Ukraine, the Saudis cutting supply to China, oil is in the middle of it all. With so much uncertainty, oil has been suffering bouts of volatility recently which presents an opportunity for trading. Over the past month, crude oil futures seem to be trading within an...
Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing ETH. Ethereum printed its 10 red weekly candle. What's happening? Ethereum is currently in a downward channel and it has witnessed a record of 10 red weekly candles. The red and green areas are areas of support and resistance. The blue arrow indicates my opinion...
The price has reached the support level and RSI shows that it was oversold, so this would indicate upcoming bullish momentum. We are looking for a 50% Fibonacci retracement. Target: 1.60 Entry: 1.582 S&L: 1.576
CONVICTIONS 1. Double bottom pattern 2. RSI divergence 3. Long support NSE:HINDALCO
1. Double bottom pattern 2. RSI divergence 3. At support NSE:VENKEYS
Mostly overall bullish on ETH over the next few months. Moving averages are slowly reversing from a downtrend. News seems very bullish with new merge incoming in August. Arrows indicate my predictions to come. Great time to scalp for lowest prices for entry. Good luck have fun traders.
H4 uptrend D1 uptrend M15 nice divergence and oversold. Looking for 60 pips. Stop loss 35 pips.
Last time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the...
Predicted this dump months ago... Now its time to... ACCUMELATE. Thank me later anon. zkrollup tech play.