Look to be shorting ETH as it hits resistance and Ripple continues to rise.
I think price is it a trend line that is well respected, i think price will go to the zone or the trend line.
My friend Dalin Anderson from High Altitude Investing showed me this formation he came up with. Noticed it forming in Riecoin so id be looking for entries
After a rather volatile previous 5 days, it appears that Vericoin has come back to a consolidation area as anticipated. This is a repeating pattern, towards the bottom a trending channel and pennant (blue line). We are also under the cloud, under the 4H 50 RSI and showing a short term (4 day) repeating bounce of the 4H 200EMA. It has hit the 200EMA on a 4H time...
Huge Buy-Walls on this coin today. Its been oversold for a while so I believe this downtrend will be reversing soon.
Noticed a possible Cup and Handle forming on FCT. Look for entries in the handle or wait for the breakout at the top of the cup. Stay Profitable!
We just hit 61.8% weekly level.. If you look at the MACD window is showing signs of reversal. Still to OANDA:AUDUSD early, but!!
The price is seems to retracing after a strong uptrend. In this chart i present you a possible "reverse head-shoulders" formation, with many chances of profit if it is comfirmed. Please like is you find it usefull for your trading strategy. Thank you very much.
Arrived at 1,095. Now a bearish reversal is possible to close the gap.
In history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups: 1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend. 2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and...
As long as previous high - 1263.75 holds, we may say that Gold is still correcting down. Hence, we sell. We may see price reach 1183 - 1180 area, our target for profit taking. Happy trading everyone!
Gold almost touched our target at 1193, managing to bottom around 1194 area. Looks like trend is going up already. Happy trading everyone!
Gold might retrace first before uptrend resumes.
Price action shows sideways movement. Price may reach 0.7520 before uptrend resumes.
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
Technically speaking Found resistance at 1.44 My first target on the downside is 1.41. I am holding a long EUR/JPY position and have around 200 pips locked in. So this EUR/CAD short is a hedge(somewhat) against my long but I didn't take the trade for that reason. If you like newsletters, trade ideas, and good investing stories, sign up below for my...
The 1.43-4360 level has provided resistance going back to the first of December 2016. I am looking at the 2 and 4 hour time frames for favorable price action. If the 1.43 level holds the upside, I am looking at 1.41 as the first level of support.
Previous hasn't been broken yet. A bounce towards 84 area is a good one.