Litentry finally starts to recover from it's harsh decline during May and June.
We see a volume increase which is indicated in the daily chart with a cyan line.
The RSI on the daily shows a trend reversal analogue to the price action.
LIT now did face some resistance around 3.8$ but this is expected to be temporary.
The 4h chart shows a golden cross with the 50MA...
NEO just pumped and tests the first of three big resistance lines around 45$.
Daily on the left hand side:
- The RSI moved over 70 and is now near overbought area. We expect some kind of consolidation before we move upwards again.
- The downwards trend seems broken after hovering above the lower yellow line.
- We see a volume increase during the last days.
Polkadot crashed hard during April and did not recover since.
However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI.
Volume increased as well which is an additional sign.
Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend.
Once we turned the 15$ into...
At the moment we are in a very important place, the force of the current movement is coming to a stop because we are at a resistance point and traders see this as a double top, therefore there will be a lot of shorts coming and the only reasonable thing is that if we are to go down from this point first we will move to the upside to collect some of those stop...
Seeing big pumps like the ones we are have been seeing that past few days surely gets our hopes up, but remember that in the daily time frame we are still in a downtrend and we are currently testing the 55 EMA, so if we are able to break this point we could see a trend reversal but we don't have that scenario just yet so let's stick with what we have now.
BTC has closed 4hr candle above key resistance of $32,200 level which is the first confirmation of trend reversal I was looking for.
Then we wanted a bounce when retest was done to confirm flip from resistance to support. BTC doing all the right things.
Next confirmation is 4hr close above long term trend resistance trendline.
The main reason for the buy plan is the Libra pattern.
The swing analyses indicate that there might be a trend reversal but before the massive buy which is probably the 3rd wave of the Elliot, there should be a fair price.
The fair price is 0.03 we guess which is also the fib retracement level!
Around the fair price, we will be seeking a...
Gold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the...
Buyers are showing loss of strength here, its like a tug of war between buyers and sellers , if price breaks 14355.0 Support zone then there might be a possible trend reversal which means ill be looking for sells on the first pullback.. probably would be by next week.
Silver’s first weekly gain in four portrays the metal’s gradual recovery from 200-DMA and 61.8% Fibonacci retracement April-May upside. Not only the price but the RSI line also inches up from the oversold area, which in turn suggesting the firmer bullish bias. However, 100-DMA near $26.55 becomes the key hurdle to convince the silver buyers. It’s worth noting that...
In the last few days we saw a sharp drop on EURUSD.
We can see a strong USD pretty much everywhere after the news from FED.
Price has now reached significant support levels and it's important what will happen next.
On EURUSD we're expecting a test of next support level in the 1,1850 zone,
where we could see price slowing down and possibly going back up to...
Looking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight.
Focusing on the 4H, price is beginning to break market structure...
Deep value areas, stop loss at or below all time low, easy place to manage risk and simple targets based on previous highs.
May consider setting 1st target closer to 200MA (maybe $1.2) if your ok with lower R:R and concerned about pump-n-dump (which this one tends to do often)
Not really a valid harmonic, but close. Solid XABCD stuff tho, IMO