MTH forming an ascending symmetrical triangle pattern and breaking upwards but encountering a lot of resistance just short of previous resistance at 4k satoshi. I expect it to retreat and bounce of lower trendline and form a cup and handle after which it could break up or down.
Look for confirmations for a buy once we have a lower timeframe impulse and correction. Once we get a move up start looking for momentum loss to enter long inline with bigger reversal pattern.
I think 151.95 is a top price in the 1 hour chart. I believe price will come down and the pivot point is a great place to target for a nice short term trade.
Qtum just broke its local downtrend and formed a nice cup and handle, expecting a break of the Lowest fib level and a test of the second one
Iota is in a Bullflag, looks very bullish, and broke local downtrend
The whole Segment is looking like a bullflag. With BTC moving sideways for now Alt's have room to breath. I am looking for a possible outbreak. Monero at 370$ is possible
XMR moving up the channel. Partial profit can be take at next fib. Return to ATH possible.
I would really love to see Silver dropping down to 16.000 or even 15.000 area before it flies! However the squeeze that is actually going on for the moment is giving us a possible impulse on this correction. Three possible entries; one if it breaks the small trendline of the current consolidation, two if it tags the bottom once again, three if you miss both of...
Analysis for US Trading session (Sept. 1 2017) The USDJPY trading pair has been heavily based on US news this month. Below is a general outlook to interpret this trading idea. 1 Hour SETUP USDJPY has been in a range of 108.70-110.70 since around August 16th. After a secondary H4 resistance test on the 25th (marked on chart), the pair dipped to a new...
Dow Jones INDEX:DJY0 formed a bearish Wolfe wave. Being supported by RSI divergence at m15-m30 timeframe and significant stopping volume at point 5, it appears to be a good sell entry point. Crossing line 2-4 supported by increased volume should confirm the move South. Opened 3 positions at 22049/50, SL 22167, TP 21878 GL All!
Hello Traders, Price has already moved a lot. Now I'm waiting for a big correction, If the price keeps respecting the upper trendline I will sell for short term. Good Luck! Cheers, Jonas
GBPJPY: bullish for GJ on 1h chart, but after , no sure now.
WTI: expect a correction wave to come before EXTFIBO 2.0 hit. Details on chart.
Good chance of a third leg down towards the 1.30 zone. W1 - Main direction is down and this could be a great opportunity to join the bears while the momentum lasts. Until the price reaches the 1.30 zone, any pullback (preferably in double waves) is a sell opportunity for us. You can apply Forex Triple and/or sRs here (free download links below). Once the zone...
Pair is trading near the top of a bullish cycle. We are looking to short here. Technically we have gotten H1 convergence already and price is now correcting itself. As long as the last high is holding, we can look to sell the breakout of the most recent low and the trend line. Once the price reaches 0.7000 move the stop loss to break even. Final Target – 0.6960
As i stated on my previous article published on 16th of May i was expected after the 'fake breakout' of the natural gas a retrace to test the ascending trendline at 3,150-3.100$ level because of the reasons both technical and fundamentals mentioned(article attached below). Now for the same reasons we can profit from a short-term ascending rally as i show to my...