Beautiful consolidation occurring above the weekly 365 MA This chart has held up near the highs remarkably well despite the market pullback. this name has had relative performance during this pullback which makes it a likely candidate to trend higher if the markets firm up. Using the breakout neckline as a stoploss. If this Inverse Head & Shoulders plays out,...
Hello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. In order to mark the supports, we will use the trend based fib extension tool and we can see that we first have a support zone from $242.15 to $241.83, then support at $241.38, and then at $240.81. Now let's move on to...
Price has touched an important support level Level has been respected several times recently An upside movement potential is evident Trade with SL, ride the trend with trailing SL
Daily Chart BINANCE:HBARUSDT has Break of Structure after reached to 0.099 then HBAR's downed to 0.04 (786 Fib Re) So HBAR has two scenarios right now #1 - Price break down ascending trend line acts the support and down to 0.4 again #2 - Price goes up along ascending trend line and test the resistance at 0.065 I more likely #1 because BTC can down a...
Hello everyone, I invite you to review the SOL chart in pair to USDT. First, we will use the yellow line to mark the local downtrend line, from which the price tried to go up. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $24.17, the second support is at $23.65, the third support is at...
Hello everyone, I invite you to every Wednesday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the time interval of one hour. First of all, we will use the yellow line to mark the local downtrend line from which the price went down. We will use the Trend Based Fib Extension tool to mark the...
NAS100 has completed Bullish bat pattern at very strong support zone with bullish divergence as well. If we put all these confluences together ,Then NAS100 is must due for strong bullish correction. What you guys think of it ?
Tesla is coming nicely into projected support area within an a-b-c corrective decline, where wave »c« can be forming an intraday wedge pattern. So, be aware of bounce and recovery in minimum three waves from projected 240 – 230 support area ahead of tomorrow's US CPI inflation report.
BAKEUSDT recently has given the enormous breakout from descending channel and make 26% move to upside. Currently the price has retraced a bit, which is good thing for another move up,. Price is trading at support zone and it is being expect that bulls will ride this thing again for another minimum 15% move. What you guys think of this idea ?
Hello everyone, I invite you to check the current situation of BTC Dominance over the cryptocurrency market. first of all, we will mark the local downtrend channel in which we are moving, and what is more, we are approaching its upper limit. Now we can move on to marking the places of support in the event of a correction. And here it is worth marking two support...
Hello everyone, let's look at the ETH to USDT chart on a single day time frame. As you can see, the price is moving below the uptrend line. We will use the fib retracement tool to mark support and here we see that the price is holding a support zone from $1829 to $1780, then we have support at $1712 and then a strong support at $1625. Now let's move on to the...
MAGICUSDT is showing some good bullish momentum. As the price is still under bearish trendline but it seems like the price is at verge of breakout. Currently the price is getting strong support from previous broken level. If price close successfully above 0.8230 level, which is the breakout of declining trendline, you can trade it with buy stop.
FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form...
FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more