August 8th is around the corner, which is the next important specific calendar date that Gann discussed. There has been a strong market bottom found on the GBPUSD forex pair. If we observe the thin red horizontal line right at the current value area (it is 0726 CST at the time of writing this), it acts as a natural pivot and rejection at price. Additionally, the...
Hello my Crypto friends! Today we are taking a look on BTCUSD -3.71% , but at 4h timeframe COINBASE:BTCUSD -0.32% . As you can see BTC -3.71% is breaking trendline. Don't jump into the sell until it makes correction under the trendline. If i see this correction i will be convince for breaking low before it goes up. I won't take any sell setup, because sell is...
Hello traders, welcome to another weekly market outlook from the Zentrader. A lot has happened last week and unfortunately the market hasn’t given us the trade we were looking for. We didn’t enter any trade, so we’re wrong about the scenario and setup, but without a consequence. Which is one of the better ways to be wrong. Before we look at the charts, let’s recap...
Timeframe: 60M Main Scenario: ZEC/USD is trading in the red and approached important dynamic support lines after the failure to make a valid breakout above the inside sliding line (sl). A valid breakdown below the lower median line (lml) and below the outside sliding line (sl1) will confirm a further drop. You should wait for a valid breakdown because this could...
Timeframe: 240M Main Scenario: The rate could drop further after the failure to retest the first warning line (wl1) of the ascending pitchfork. Price has made a valid breakdown below a very strong support area, so, technically, it is expected to drop in the upcoming period. SAN/USD should move down if the Bitcoin will drop as well. Alternative Scenario: A a...
Timeframe: 30M Main Scenario: The rate has failed to stabilize above the lower median line (lml) of the ascending pitchfork and now it is somehow expected to drop further on the short term. It has retested the median line (ML) of the descending pitchfork and now is pressuring the 150% line. A breakdown seems imminent and we may have a great selling opportunity. ...
Timeframe: 30M Main Scenario: The rate should increase further after the aggressive breakout above the 50% line and after the failure to reach and retest the lower median line. Alternative Scenario: Only a false breakout above the 50% line and a failure to approach and reach the median line could send the rate down again. A valid breakdown from the ascending...
Timeframe: 30M Main Scenario: Maybe we'll have another selling opportunity if the rate will stay below the 50% Fibonacci line of the descending pitchfork and if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork. You should wait for a valid breakdown from the ascending pitchfork's body to be sure that the rate will drop...
Timeframe: 240M Main Scenario: The rate increased again on the short term after the false breakdown below the lower median line (lml) of the ascending pitchfork. It could test and retest the median line (ML) of the descending pitchfork. A valid breakdown from the ascending pitchfork's body, it will announce a potential breakdown below the inside sliding line...
Timeframe: 30M Main Scenario: The rate could drop further after the temporary rebound. You can see that it has failed to make a valid breakout above the inside sliding line (sl) and above the downside 50% Fibonacci line of the ascending pitchfork. Right now it is very important for the rate to make a valid breakdown below the outside sliding line (sl1) to be...
I believe it's going up, due to the type of pattern this chart is making. It's completing a particular wave, as to why i believe it's going to go up. Lets see.
Timeframe: 30M Main Scenario: Technically, the rate maintains a bearish perspective on the short term, so the rate could drop further in the upcoming hours and days. Right now you should wait for a valid breakdown below the lower median line (lml) of the descending pitchfork before you will go short again on this crypto. The rate failed to make a valid breakout...
Timeframe: 60M Main Scenario: The price has increased aggressively on the short term and has managed to jump above the 50% Fibonacci line of the ascending pitchfork and of the descending pitchfork. XMR/USD dropped again in the last hour and erased some of the impressive gains. The perspective will remain bearish as long as the rate will stay within the descending...
Considering the pattern and fibs on Gbp/Aud, I have a hard time believing much downside. That is the 200 and 800 MA's on 4hr, and that's how I am looking at it. I would like to see a smaller correction to help confirm direction, but I'm sure there are less risky trades out there today, let me take a gander at the market... If GBP/AUD makes a small correction on...
On the Daily timeframe price approached the neckline and top of the consolidation range yesterday and pulled back to around 50% of it’s movement, this suggests sensitivity around this region. We look to today’s close as well as tomorrow’s to confirm this as a lower high. However, price remains above the moving averages which it’s using as support and is currently...