Looking at XRPUSD on our daily chart, we can see that Ripple is barely moving higher, despite the recent crypto-mania. Major cryptos such as Bitcoin and Ethereum have accelerated rapidly to the upside at the end of February. This is something that Ripple is struggling to achieve. Most likely the demand for this crypto has faded away due to the ongoing lawsuits,...
From around the beginning of January, EASYMARKETS:CHFJPY continues to move sideways, while trading roughly between 169.30 and 171.50 levels. While the pair remains inside that range, the rate could continue moving sideways. That said, given that the prevailing trend is to the upside, there is a greater chance the breakout could occur through the upper side of...
Looking at the technical picture of EASYMARKETS:XAUUSD on our 4-hour chart, we can see that after a brief visit of the area below the psychological $2000 mark, the commodity is now struggling to find it's next near-term direction. This is because it had approached a short-term downside resistance line drawn from the highest point of December. In order to...
Confirm it before jump in. This can be a Fakeout. Therefore confirm it is a real breakout before you enter. GL
After a strong reversal and a confirmation of a higher low at the end of last week, EASYMARKETS:GBPJPY made its way back to its key resistance area, at around 188.90. This barrier continues to provide strong resistance from the end of November 2023. Also, back in November 2015, the pair struggled to overcome that hurdle, resulting in a prolonged sell-off. It...
1. A breakout is about to happen at the support level. 2. A false breakout is when the institutions enter the market at respective level either support or resistance level. 3. But big institutions resist the breakout by buying huge quantities there forming a false breakout. 4. It was the right time to follow their footsteps.
This week will be a major one for the US dollar index, as the amount of economic data released from the US might raise volatility of the instrument significantly and spark interest among traders. Apart from the JOLTS, ADP, Chicago PMI, ISM Manufacturing PMI and NFP, we also get the first one of this year’s Fed interest rate decisions on Wednesday. Currently, ...
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
#BONE #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my...
#MATIC #Polygon #Final #Update 'B' #Wychoff #Distribution #Eddy We Are Here Guys <3 Enjoy ;-) This is a new update of final (( MATIC/USDT )) update: check link :
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support level, which coincided with support area, and declined to support line of pennant. After this, XAU bounced from this line and made strong upward impulse to resistance level, which coincided with resistance area. Price...
#MATIC #Polygon #Final #Update #Wychoff #Distribution #Eddy (("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are...
Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A...
As can be seen dotted blue trend line is a very strong Gann resistance. Hence a strong pull back is very possible here.
it's cool when this stuff happens even cooler being able to see it major and minor trends coinciding into one big move
We're ranging here between fib lines. We can see the s/r line i added that seems significant in this range. Looks like there was a breakdown that was rejected turning into a MA bounce and looking like it's gonna breakout here very soon
This fib looking good on the daily Just had a 50 & 200 ma cross recently Ranging here around the .5 fib which is a lovely fib to see the highest response to!
Volume Increasing, went down to bottom fib and looking to make a come back! Bull Hammer at the end of Downtrend!