Looking at daily price, Bitcoin still in downtrend and not yet confirm a upward breakout. So, keep your crypto in USDT for now. 35k level breaks, need to be confirm by another resistance (38k) breakout to continue uptrend. Confluence of Gann fan (2points - Mar 2020 low & ATH), may be pointing toward price target of 38k by 3rd July. Otherwise, short term trade...
This dips are not for selling, they are for buying. I refuse to sell in bull market.
You can draw lines all day but it's the data underneath the price action you need to uncover. Volatility, price action, and volume look pretty similar across the board between now and successful retests of a upside pennant breakout. The one thing that leaves me questioning the success of this retest is the OBV. On Balance Volume is a cumulative value that adds the...
Strong Impulse to the downside. Now would be a good time for consolidation. There could be one more wave down to retest the major support area and finish the extendend 5 wave structure of the impulse. Lets see how this plays out.
It was in a downwards trend, then found some support. Now downwards trend became downwards wedge, trade in wedge or wait for break. Chart and moving average says to short for 8hrs to stay in the wedge pattern and retrace to the support line...
USD/CAD is stuck in a range between two strong support and resistance levels around 1.20 and 1.2140. The currency pair was traded lower on Thursday during the European and American sessions. Overall though, the price structure suggests a sideways activity since May 14, between that resistance and the support, and thus, experts prefer to take the sidelines for now....
We are looking at the hourly chart on the GBPUSD currency pair. Price has been moving in a range of about 100 pips for 3 weeks now. Yesterday we saw another push of the support zone and an upside impulse. This tells us that price most possibly will reach the resistance of the range. If market reaches the resistance we want to see if there will be a breakout,...
Over the last couple of weeks Bitcoin has be trading in a sideways range consisting of a triangle pattern. Using time projections, we will have completed about 75% of this triangle pattern between June 2nd and 3rd. At that time we should anticipate price reuniting with the 21 day average which has not been checked in with since the 13th of May. After June 3rd we...
Technical analysis: Welcome to this quick update everyone As we can see for 10 days, the price moves sideways, either testing the support level at $ 33448, then testing the resistance level at $ 42191. Now the price has tested the support level and bounced back. It is quite possible that the price will now drop to the support level again and break it, then the...
POSH recently started trading through an IPO and got utterly destroyed. It has now been hovering around its IPO price of $42 and it looks like the side trading will continue until maybe the next quarterly report. This is going to be a good range trade to profit off of for the time being between $38 - $48 and may re touch the lows of $33 depending on overall...
EURUSD currently on ranging or sideways. Waiting at the best Zone to entry SELL for a better risk to rewards ratio. Wait for confirmation such as Bearish Engulfing or others. If entry SELL now, you are more to gamble not trading. I am a day trader as such i react to the market movement. Lets share knowledge with others. Follow, Like and Share. . . . #EURUSD #Daytrader
darts on a board, maybe. Alt Season? Already happened? who knows, lets see. don't @ me wet i stg :|
Looks like either we are breaking free by tomorrow afternoon or waiting until SNL. Interesting to watch! Please share your thoughts, ideas, and evaluation. If you liked this analysis, smash the like button which will motivate me to publish more of my analysis often. Thanks for viewing! Disclaimer: There is a very high degree of risk involved in trading. This is...
The VIX has attempted to break the 19 resistance barrier several times during the past 10 days, a move will come soon. May is usually a month with lots of volatility, and a well known motto in wall street is sell in may and go away. Market is not looking particularly confident in either way so we could also be going sideways between the 18 and 20 area unless...
The trend is moving sideways . The price created the bearish engulfing on resistance area . The target price will be on the next support.
Hello, this is my fist published idea. I'm a beginner trader, but at the moment I'm happy with my first 3 months trading results. I'd like to share this idea to know your opinion and maybe to have some tips to improve it, and of course I'm not inviting anybody to copy this idea. This is actually a personal esperiment, where I'm investing a little part of my...
BTC selloff was a bear trap, BTC has managed to form a double down, seems most likely to go sideways for a while before it attempts another run, ALT trading will be interesting during this time.
I'm strong believer that we're in a channel for the ENJ. Seems like we found our support of $3 after a fantastic new ATH of $4. I do foresee this going sideways in the near term. Time to get those bags filled. Absolutely under no condition am I a financial advisor.