Possible inverse head and shoulders with retest of key level, 61.8 fib level and 4H trendline
Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of RVN. According to my technical analysis, RavenCoin is following a strict trendline. So, I am long on it. "My analysis is valid until We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and...
The price has been moving up for a very long time now and it has formed a rising wedge in the H4 timeframe. However, we can see that the price has gotten out of the trendline and did a retest to it with the GBP News release, it is also respecting the minor trendline's resistance that has been formed in the H1 timeframe. Price has the potential to move down from...
Price is retracing from the supply and the trendline is yet to be touched for some time. High chances it will melt to our desired TP but still, it could be a bullish correction in action which may take us out, hence proper risk management has to be done. Probabilities and possibilities, let's keep it coming.
Eurusd has been bullish until that horizontal trendline got broken. I expect a retest of that broken trendline for bearish momentum to continue
Eurusd has been bullish for quite sometime. It broke that upper horizontal trendline and continued to rally up. I would expect it to atleast retest that broken horizontal trendline before it continues with its upward movement. My bias would be invalid incase that current resistance on H1 is broken.
ALTPERP Trendline retest or rejection ?
BTC trendline retest or rejection ? (Journal purposes)
A few hours back xrp and other alts underwent a quite brutal correction. I think that with this shakeout, last early weak hands have ben shaken out in my opinion. We could consolidate a bit in those price areas before another leg up. Going back down into new lows is not entirely impossible, but highly unlikely at that point and also considering that this retest...
Chart says all. I do not pretend to know WTH is gonna happen tomorrow, can't even see 20 seconds into the future fgs. IF this plays like I think it might, gonna get Beary Ugly PDQ. See divergent indicators; the major indexes also diverge, DJI at new ATH while this struggles back to the breakout point. Gonna reject under the TL IMO. I'd short this in QQQ March...
Potential opportunity to go short on the pair should the market reject the trendline
Having a 1-hour candle covers running losses and gearing towards profit, there's a concern of a greater sell-off. Traders who aren't comfortable with this setup should stay away from trading. When a break and close below 135.08 happens would be a stronger indication for the shorting setup.
Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point...
Price has finally broken the trendline and is now retesting it. This is my other trendline strategy that I don't normally use but here is a perfect setup for it. Price is also below the 50 and 20 ema. My first TP is 30 pips. After 30 pips is acquired Ill set stops to breakeven and let the trade run to the final target of 50 pips.
In My View , It Should Be Go Fall ....
NZDCAD has broken a descending trend-line and retested it as support on a ascending trend-line, and could buy bullish, or break and fall bearish.