AUDUSD - Has been in this range since Feb 23 and now it has reached the support which has been touched many times previously.
Place your trades on the breakout of this channel or when price bounces off this channel to go back up again.
Trade Safe.
GBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses.
GBP/USD trades near the lower limit of the...
EUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum...
BTC is breaking below the lower part of the range that has been in place over past months. Note there is one last "hope" level for the bulls, the puke lows in mid June, just shy of 18k. The price is well below all moving averages, with the 50 about to break below the 100 again.
Despite some positive developments earlier this month, the crypto market is experiencing some moderate bloodletting as Bitcoin hits its 2022 low.
Bitcoin has fallen under $19,000, the support zone of 2017 highs. The crypto market cap has also fallen below $950 billion. After a bearish reaction below the $19,500 support, Bitcoin price started a major decline. The...
The BTC is most likely to drop down to the 29K...Then after a little consolidation will push back up to 31k.
Investors are to look out for this trap.
My fellow traders... we're gonna make money 🤑 on this trade...Good luck y'all.
Ethereum is moving inside of descending channel and with simple trading strategy it can be very successful time to trade even if the price moves down.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling...
Bitcoin is printing bullish candles on lower time frames, while it has reached very important 50-week moving average on higher time frame. This is strong resistance line and a big test for the bulls. If it surpassed, BTC could extend the move higher.
The 50-week moving average represents one year of price action because there are 50 weeks in a ‘market year’,...
MATIC surged from descending wedge, retested support trendline and bounced back up again. By the book pattern. I’m long from the retest, targeting $1,67 and $1,775 for first targets.
XRP bounced off the 20-day EMA which acts as a support level in bullish movement. Both moving averages have started to turn up and the RSI is in the positive territory, indicating that the path of least resistance is to the upside. My first target is $0,93, followed by $1.2.
Latest news on XRP ->
The Arab Monetary Fund (AMF), a sub-organization of the Arab...
Polkadot token (DOT) found support on higher time frame and price made a higher high formation, which was the first bullish sign after long period of price decrease from December ATH. DOT is now moving bullish from the break out of descending triangle pattern. The same pattern was established in July last year, when DOT bottomed out at around $10. RSI is nicely...
The financial world is still circling around the war in Ukraine and the general sentiment is that this is not going to stop very soon. Bitcoin and broader crypto market saw mostly sideways movement with some volatility connected to news and sentiment change. In past week most of the noise was made from Biden's executive order on cryptocurrency regulations,...
Bitcoin and most of the other major coins in the top 10 started the 2022 slightly in the red, with no clear directional bias as the volumes are still thin after Xmas and NY holiday. The largest cryptocurrency by market capitalization is hovering around $47,000 atm.
Bitcoin is trading with some bearish pressure on LTF, but still above crucial $46,000 support. A...
Ethereum is moving inside of falling wedge and between range of $3550 and $3960 on daily chart. ETHBTC pair is moving slightly bullish and needs to remain bullish in order to for ETH to breakout above the wedge pattern. The move should be impulsive but also Bitcoin needs to stay in range or bullish at the same time.
Read my post about Ethereum and Bitcoin...
DYDX seems to bottom out. It closed bullish in weekly chart after 11 weeks. It closed bullish on daily chart as well and even made a break from the smaller falling wedge (red dotted line). The price is now trading above 13 and 20 MA and closing the gap to larger falling wedge – break above would trigger very bullish move (yellow dotted line). DYDX has lots of...
Moonriver touched the lower support area and started to move bullish. On daily chart the price is trading above 13 and 20 MA, RSI momentum indicator is picking up and closing to the 50 level, MACD is also showing upward movement. My targets for MOVR; TP1 $235, $292, $468; SL $170. Price must stay above MA on daily chart.
