Yellow channel seems to be the proving ground. I feel as though we make it into the green-- we are going for a huge push.
MGNI Head & Shoulder pattern almost completed,death cross coming, previous resistance becomes support, jump a little and then dump
BTCUSD is following bearish channel, recently breakdown the support level: 33770, and landed on next and last support : 31940, and touched bearish channel lower, accumulation is happening near support. In this support level price reflected huge moment historically, To follow Golden rule: Be with trend, (short setup could possible at 33770) Trend line an hr....
Hello traders, Here is a new update for Ethereum which has broken out of the medium-term upward trend channel. Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now: -> Target 1 3692 USD -> Target 2 4276 USD -> Target 3 4645 USD Support is now found in the ascending trend...
Its bullish channel had been broken and after that, it has shown a great desire to make pullback on it! I consider it as the third main wave of Elliot's impulsive waves! The second main wave made and price correction ABC pattern, so I expect the fourth main wave to make a time corrective wave! Hence, the fifth wave of the main waves maybe appears at the 1.618 of...
Hello traders! Below is the default MACD setting. Bitcoin was avoiding divergence for 5 days and yesterday it gave a cross in MACD and we saw a bearish candle today and now it will find support to move up again. We can follow the trend channel as the first support and if it falls below the trendline then we will see the fakeout patterns below the trading...
LEN looking for a beat this upcoming call to confirm it's current overhead price targets. With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed. I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.
The lower highs and lows of the last few weeks, as well as the emerging downward trend channel, tend to suggest that the exchange rate has entered a downward trend. However, the noise caused to the prices from the very important announcements on Friday may have temporarily pushed the exchange rate down. Next week's macroeconomic data may put upward pressure on...
Hello everybody we are currently recording 3 continous down days in the market, as a result of rising bond yields, nevertheless we are somehow near to being oversold and on the RSI and we can see some kind of divergence which gives the idea to load the boat at 12500 and 12400 to the long side, if 12400 breaks we are gone for good, if really 12400 breaks we...
We may have found the bottom, drew this ascending red outlined trend channel a while ago due to seeing various support lines. We managed to break out upwards away from the trend channel but got corrected towards the bottom. We're currently in an oversold state on the 2H candles and the start of a MACD crossover is beginning on the hourly candles. Myself I think we...
The price is showing a strong rejection from the lower trend channel line which indicates that there is a high possibility of a strong bullish pressure ahead. If so then we expect to enter the market with a long position around 1.22266 and we will target a profit of about 114 pips while risking only 37 pips which gives us a 3R (risk to reward ratio). (Disclaimer,...
Hello, dear subscribers! Last time we told about possible BTC price movement scenarios. The first one (green line) demonstrates that the price could rapidly break through the CPR R2 line and reach the $28000. The second scenario reminds the most likely to happen. The price bounced off the CPR R2 level twice and decrased to the CPR R1 level. After it bounced off...
Please see link to my previous idea for XAGUSD - I'm looking at the prospect of silver dropping next week followed by a ranging period in the 19.000 - 20.000 levels towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line. Quick impulses upwards would indicate a bullish breakout and a move back up...
- Please see link to my previous idea for XAGUSD - I'm looking at the prospect of silver ranging in the 19.000 - 20.000 level towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line. Quick impulses upwards would indicate a bullish breakout and a move back up to test the 2020 high. Do leave a...
Gold seems to follow a trend channel since 14.Octobre. There were some false outbreaks in the trend channel, but these were not followed up. The price has settled back into the trend channel. If the price stays in the trend channel, we will see a price increase to $1930/oz. RSI: 62.04