Timeframe: 1h Main Scenario: The price it has increased and now it has retested the inside sliding line (SL) of the major descending pitchfork. It should drop further if the rate will stay below this very important dynamic resistance (support has turned into a resistance). However, we still need a confirmation that the rate will drop again, so, you should stay...
Timeframe: 240M Main Scenario: The rate has increased and it has retested the broken lower median line (LML) of the ascending pitchfork. It has failed to stay above the LML, so it is somehow expected to drop further. Right now it is pressuring the outside sliding line (SL) of the ascending pitchfork. A valid breakdown below it will signal a further drop in the...
Timeframe: 240M Main Scenario: EOS/USD is somehow expected to drop further after the temporary rebound. You can see that it is trapped within an extended sideways movement. It is pressuring the outside sliding line (sl1) of the minor ascending pitchfork. A valid breakdown will open the door for more drops in the upcoming period. Technically, it could drop after...
The new low formed at the end of last week failed to break the previous low but has held at the same 1.3080 daily support region. This can be taken as the neckline of our potential head and shoulders formation. Moving averages have been holding price down nicely but the last H4 candle has broken the first level of resistance as price headed towards the 1.3150...
Timeframe: 240M Main Scenario: The rate is trading in the red and seems too heavy to stay higher. Maybe we'll have a significant drop after the failure to reach and retest the upside 50% Fibonacci line of the descending pitchfork. The first target will be at the median line (ML). Technically, could drop further as the Bitcoin could slip lower on the short term...
Timeframe: 240M Main Scenario: The rate could drop aggressively again if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork. Right now you should wait for a valid breakdown before you go short on this crypto. Price could drop after the failure to reach the inside sliding line (SL1) of the ascending pitchfork. Alternative...
Timeframe: 240M Main Scenario: Ethereum could drop further on the short term after the failure to stay and stabilize above the downside 50% Fibonacci line of the minor ascending pitchfork and after the failure to reach and retest the median line (ml). Price is trading in the red on the short term and seems determined to reach new lows in the upcoming days. You...
Long & short zones derived from major Fib ratios on E. Waves, follow-through of formations & previous price action.
Entered Reliance energy @ 1125.90 .... It broke out upwards after 36 weeks of consolidation and if it stays above 860 then we are headed towards 1400 - 1700 levels
Timeframe: 240M Main Scenario: The rate could drop again if it will fail to make a valid breakout above the median line (ml) of the minor ascending pitchfork. You can see that it has failed to close and stabilize above the median line (ml) in the last attempt. However, right now you should stay away and wait for a confirmation that the rate will really drop...
Timeframe: 240M Main Scenario: The rate has failed to make a valid breakout above the upside 50% Fibonacci line of the major descending pitchfork and to stabilize above the median line (ml) of the minor ascending pitchfork, os it could drop again on the short term. Alternative Scenario: A valid breakout above the 50% Fibonacci line of the descending pitchfork it...
Timeframe: 240M Main Scenario: The rate it has increased, but it has found a temporary resistance and now is trading in the red again. A valid breakout above the median line (ml) of the minor ascending pitchfork and above the outside sliding line (sl) of the minor descending pitchfork could signal a potential upside movement. Technically, it is somehow expected to...
Timeframe: 240M Main Scenario: The crypto pair could resume the downside movement only if it will slip and close below the 0.09985 former low. BCH/BTC has increased significantly in the last hours and it is pressuring a dynamic resistance and maybe it will retest other upside obstacles before will drop again. Right now will be better to stay away and wait for a...
Timeframe: 240M Main Scenario: The rate increased significantly and it has finally managed to make a valid breakout above the major downtrend line. The breakout needs confirmation before we can go long again on Bitcoin. I've told you in the last weeks that we may have a larger upside movement only if the rate will make a valid breakout above the major downtrend...
Timeframe: 240M Main Scenario: It should drop further after the valid breakdown below the lower median line (lml) and below the outside sliding line (sl) of the minor ascending pitchfork. Alternative Scenario: Only a valid breakout above the UML it could invalidate the bearish scenario. Entry/Stop Loss/ Take Profit: The rate should resume the downside movement...
Timeframe: 60M Main Scenario: The rate could drop further if it will make a valid breakdown below the 50% Fibonacci line of the ascending pitchfork and outside the minor ascending pitchfork's body. Alternative Scenario: A failure to reach the lower median line (lml) and the 50% line it could invalidate a further drop. Entry/Stop Loss/ Take Profit: It is very...
Hi everyone, I have been busy so, sorry for lack of public charts here. I have put in the related ideas the follow up of BTCUSD since 08/07/2018 so we understand where I come from here. As always, easy to put up a chart and say I told you so. Truth is that this big move that we saw yesterday is well a big move. This is what happens when fundamental is aligned...
Price has increased but it has failed to reach and retest the 50% Fibonacci line of the descending pitchfork. The perspective will remain short as long as the rate is trading below the 50% line and below the sliding line (sl).