We continue to have sideways movement between well established lines of support and resistance. The line of support has been tested 8 times.
However, movement downward is running out of steam as evident by the last dip that was unable to reach our support line. So it's no surprise the price is now flirting with a breakthrough of our line of resistance. If this...
A bullish bat pattern on this setup gives a good consideration to engage the trade.
If you have spotted, CADJPY gives an Emerging Bearish Shark Formation and such give traders more thoughts on currency correlation.
Will this affect your trade plan?
Think about it.
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A triangle is starting to form while prices are trading sideways with lesser volatility.
Prices are expected to rise with prices being near over sold on bollinger bands with an upcoming resistance line of 1152 satoshi before XEM could explore any higher.
I have recently started my own cryptocurrency Telegram group.Hence if you wish to get updates about...
Bullish Minor / Corrective wave Detected
EURUSD would be sideway today.
CCI (30) is above 0 value, any break below 0 value with high volume will continue down trend
No Agressive trade plan today since it FRIDAY!!!
There are 2 intraday levels what will be interest me in this week.
Intraday Short 2 levels is based on Volume accumulation = Acumulation Setup
As i said previously in my posts, the big institutions who move and manipulate the market build up their massive trading positions in sideways price action channels ( rotation area in purple rectangle) . This short 2...
I note BCH has transitioned form an ascending channel to a sideways consolidation channel which is often a continuation pattern. Back testing shows that it may move sideways longer than my pink trend lines suggest. BCH has been a great coin to trade (not hold) recently so I look forward to watching this one with anticipation of its next move. Trade safe team.
Regarding my latest post, course is walking sideways forming a little triangle were it first broke down and then it move up like a renewed break-out. I see that often happening with rising and falling wedges. First a break-out/down to be followed-up by the correct move regarding the specific wedge. Anyway, those rectangles in the chart, in my...
I'm taking a look at the current movement of BTC 4.64% . The MA is showing signs of a bullish crossover, and these next few hours will prove to be pivotal. The last bullish crossover we had that was of any significance was back in April, excluding this fake out bullish cross that occurred on the 8th of July.
For the near short term, we can find a...
There is CAD news in the morning of the NY session which should move price in either direction
High possiblity that price coud move sideways until news comes out
Bullish trade can move up to previous resistance and 100 sma
Bearish trade can move to bottom of range
In front of you are 2 possible ways, how the next 2 to 3 motnths could play out. If we manage to break 9k again in the coming days i see following 2 scenarios that are likely to happen (based on past years of btc, 2013, 2014):
scenario A: we manage to break 9k again and hold it. This would be needed to build a new RSI floor level at 42-43 and gain strength to...
We have to remember, that there are three directions in a technical chart analysis: bullish, bearish and sideways.
To get the big picture, I analyze the monthly chart of Bitcoin today. We realize that on the monthly chart, the down channel is not yet broken. Furthermore, the last three months closes are approximately in the middle (blue square) of the high and...
This is a different approach to previously charted analyses of XVG to BTC pairs.
However, based on past pattern movement, I suspect that in the near future we will see a mini pump, this may be of a larger degree wave B, WHICH MEANS we will be seeking a lower low for C, if that is the case. But I think that before we can see new ATH relative to BTC than we will...
In this 40-day ICX/BTC chart, the most important thing to consider right now is (2). If this orange dotted line is broken with enough aggressiveness, it will be very hard to obtain a bullish breakout any time soon. The (3) Long Term Bullish Support has already been broken and much momentum will be needed to break past that point again and go on upwards towards the...