Possible falling wedge bottom forming. Markets tend to continue what it's been doing recently so betting on a rally from this support level is reasonable IMO. Let's see how things pan out.
Looks like 0.0143 is holding so far. If it holds on a daily and weekly basis, we could see the market ranging between 0.014 and 0.017 for a bit before deciding on a direction.
Said level is a the highest monthly close since the low this year and should be a key level for both bulls and bears. We should see some bullish follow through after a weekly close above that price. Else, market could get into a trading range between 0.0143 and 0.0174 before making a decision to go higher or lower. I still think the bulls still have the edge here...
I believe BABA has shown us the first levels of its trading range at the $315 level and $255 level and I think this is the range we will see the strong hands start accumulation before the Ant IPO for the markup. I will be swinging BABA in this range until it’s time for the final rally up in its final phase of this range.
Disclaimer Information is for educational purposes only and is not intended to give specific trading advice. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. I think that Bitcoin is an olympic jumper because it jump and...
Same description as previous - as it still stands. We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily. Trade 1 has been taken, Trade 2 - un-activated - as price may attempt to settle around 72. XX Upcoming We will share our new analysis for DAX30...
As I have posted last week, Turkish Lira has started its correction against USD. But not 7.8000 is my support level, which will be I have announced T1 as the most important support level for UAH against USD and this week prices has touched T1 trendline, we need to realize that this is long term trendline and little crossing of this trendline can not give...
A daily close above the H&S neckline means we could be back into consolidation or we may see the market attempt a higher high to continue bull trend (see daily chart). Now also less likely to see the bears carry out a measured move lower (from that H&S pattern).
I anticipate an upward breakout out of the trading range because: -price increases with higher volume and decreases on lighter volume -higher support level as range develops -larger trend is up for the market Buy zone in the area of the new support level or following breakout and close above the range. I'd hold for a few months to a year.
DAILY - Trading in a range, hammer/doji candleat bottom of range (trend is up) 4HR - Double bottom with divergence TRADE PLAN 1HR: (1) Price may dip lower and make triple bottom, buy at the support zone (2) Price may break out of trading range, buy on retest of the resistance turned support.
We seem to be breaking out of a bearflag here target at 21 dollars near the bottom of the trading range.
If we can break the highs of the last few days we could probably see it push up to atleast $145
Price action is looking good. Range Low and Wedge Breakout. We can bet on longing it. We can be late in trend but we are trading with trend so chances are high. Disclaimer Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
Hello traders and analysts, We have an update to our GBP AUD trading range - price is still very much ranging but we have managed to yet again catch a trade to the upside whilst still hedging the downside movements. Over the end of last week, we saw the Aussie get stronger but was not enough to break through to 1.78 area. so the demand zone still stands and the...
Breakout -> Channel -> Range Price action formed a possible Range after Bull Channel. I think Trade looks safe here. May be need to Scale in at Range Low. Disclaimer Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
Hello traders and analysts just a quick idea here - price is showing a nice hourly pattern for an inverted head and shoulders or a W formation. Be aware price can fall down to todays lows of 1.79340 but ofcourse confirmation is key to success as price is reactive. Trade your plan. Note: Trading is about timing. so even if our stop loss gets hit on the chart....
Hello traders and analysts, We have an update to our GBP AUD trading range - price is still very much ranging but we have managed to yet again catch a trade to the upside whilst still hedging the downside movements. We added a new sell position in order to protect longs, keep in mind this is risky - but until price shows a break of the range of clear downside...
Hello traders and analysts, We have an update to our GBP AUD trading range - price is still very much ranging but we have managed to yet again catch a trade to the upside whilst still hedging the downside movements. COT Data: Aussie Long Short Total %Long %Short 40,025 42,933 82,958 48% 52% 27,228 56,775 84,003 33% 67% AVG 13...