UPS is currently building support on top of old resistance around $112 (which confirms the bullish support and resistance flip), and is consolidating in what looks to be a bull flag-like pattern. We also have a daily golden cross (50 day moving average crossing the 200 day moving average) and we could see the momentum continue to carry this stock higher. R/R is...
The recent price action of the bulls defending support levels both in the Ascending Triangle and in the daily RSI show us that we are probably going to test the 5800-6000 level (forming a bearish divergence at the daily RSI) before a big correction (I expect at least 20% from the top in this case).
The Dax price is testing the resistance at 11980 points. Technically it is very likely that this will be violated on the upside, making this very short-term uptrend continue until the next static resistance set at around 12170 points. From here the analysts expect a physiological retracement that should make the support area between the levels 11740 and 11530...
EURUSD no longer doubts it is all up in the waiting until we break the
border of 1.1230 and here we are climbing to fix everything and stabilize the situation from last week.
EURUSD 4H CHART / RESISTANCE & SUPPORT
The price of crude broke and confirmed the upward break of the resistance area between the low area identified by the two EMA 20 and 200 daily periods. Two EMAs have crossed upwards, at about $ 59.20, and the high zone, where finds at 61.60 $ the 23.6% of the Fibonacci retracement.
From resistance to support
Technically all these resistances have become key...
This is only my opinion about Bitcoin . Please do your own research.
I will said not to much. i am a beginner and bitcoin is not my strongest trading coin. soooo...
We will see how this could form! Goodluck.
We are bouncing on the 0.618 on the daily chart. It is a bullish sign for me, as even the bad news of this week didn't managed to push deeper that pair.
Entry : 144.30
Take profit : 149.02
Stop : 143.73
Risk/Reward ratio : 7.7
Historically, the pair is still at a very low level. It could be a nice long, especially if we get good news in the coming weeks...
I've never seen such a pattern in the S4W Horizon indicator. It's really a very tight
crossing that is happening. I think it's an ignition point to something big to occur.
So based on my analysis, I won't be surprised to see an important bullish move.
But I think also there is a correction, unfortunately to occur at 3850 USD.
Right now the S4W Horizon indicator...
LTC / USD as I predicted in my last analysis has started to make a small correction on the 1 day chart. We are seeing a drop to $53 and our closest support will be the $50 range, where the bottom of the upward channel is in blue. As I depict with the arrows, the directionality could still be upward in the following days and week. But for now there is a good chance...
UPS is approaching our first resistancce at 111.51 (horizotnal swing high resistance, 78.6% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 103.68 (horizontal pullback support, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we...
What a run for $LABS! I'm very happy for those who entered a long position around 1.95C$ you did an excellent job.
$LABS also retraced a bit after that first leg up, but the bulls are strong and a nice reversal occurred!
What now? Well, we did finish the week in a strong way, and indicators are showing buy signals all other the place.
I only follow two Indicators RSI and CCI on Weekly TimeFrame.
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