Hi Guys , Hope you well. Charts shows You SecondChanceCrypto ⏰23/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
No change in short-term view. The overbought situation is severe on daily chart, and weekly lesser. The monthly extreme, but we have seen little higher. For now we remain SELL current @ 16.30-16.50 and add again 16.75-17.00. The profit objective is 14.37 for now.
We are starting to become once again a bit more extreme overbought. The daily chart, and monthly chart are the most severe, and this suggest we should be in SELL mode. The issue of course always is what is the highest possible RSI possible, and this is a difficult answer. In general less liquid currencies like TRY best is above 85.0 > 90. For now, the strategy...
Short-term we should bse selling current 15.90-16.00. The take profit level is 14.7200 which is the cloud support level. The RSI is of course higher again, and this needs a little correction. Medium-term we will update next week, but I suspect we should see major down coming months.
The short-term chart is heavily overbought and requires some correction. Judging history of similar magnitude, we should see a nice decline in the near future. The strategy is SELL current 15.9500 and add again @ 16.50 with profit order @ 14.35.
Short-term we are overbought again, but weekly chart has little more room upside. The monthly-chart is getting close to a point whereby monthly correction may set in. For now, the view is still the same. we have added sell 15.50-15.75 and owe add once again above 16.50 for a move back to 10.50-9.00. Short-term SELL current 15.70-15.80 and take profit 14.25.
No change in overall view. I am aware that we are moving up gradually (inch-by-inch), and this provides the chance to sell further @ 15.50-16.00 and 16.75 and above. We got a moon phase start as well, and perhaps we may see even short term move back towards 13.67 cloud support. Medium to long term we should see a correction back to 10.50-9.00.
No change in view The MACD is negative and we have a large gap to fill towards cloud support. The strategy is therefore unchanged SELL $ 14.50-15.00 and ADD on SELL $ 15.50-16.50 for a move to 10.50-9.00.
Short-term am still neutral to upside. The chances of moving higher at first, is still there. I suggest adding to existing shorts @ 15.50-16.50 for the correction to 10.50 - 9.00. This is a long-term view as a note and it may takes months before seeing these levels. The expectation of short-term movements are therefore first 15.50-16.50 and we sell short-term...
The weekly chart is of stagnant, and we are kind of used to that by now. The question is, where do we go from here in such a quiet market. Looking at the cloud, we are far above it and this gap requires to be filled over time. The SMA strength Indicator is trying to break above the 9-MA period, and I feel this signals a sharp up move. My preferred scenario is...
No change in view. Daily or weekly chart does not give much direction, and judging other weak currencies, we have witnessed a strength last few days/week. this will add to likely TRY strength as well. From a medium-term to long-term perspective we should see a move back towards 9.91 FIB , but personal think first 10.50 before lower and we may expect a...
Daily no change in view. The long-term chart is still very overbought and this suggest overall we should move towards 10.50-9.00. Short-term is is slightly overbought, but I suspect we may see 15.50-16.00 before downwards again. For now, remain short (very low leverage) and add on any increase towards 15.50-16.50 area.
I feel we may see lower again short-term. I will not commit at the current levels, but SELL @ 15.25 > 16.00 feels more better for now. The reason is a quiet grinding market condition should not rush us into commitment for now. The profit order would place @ 14.07 for now if we get short. Long-term SELL is fine and ADD 15.50-16.50 for profit objective 10.50-9.00.
No change in view. The pair has not had much movement for almost one week now, and it seems each time it remains at a particular level, which shows there are forces at bay keeping it controlled. The over all view is still SELL @ 15.50-16.50 to add to shorts or creating a new short position. It is expected that medium- to long-term we are seeing 10.50 - 9.00...
I am still of the view to be SHORT for long term strategy. The short-term is cloudy but feel we may see higher levels first before down. It is possible to see 14.00 - 14.10 before we will see 15.50-16.50. The long term view is 10.50 - 9.00.
No change in view. We should see lower short-term back to 14.00, but medium-term we should drift higher 15.50-16.50. The long-term is SELL strategy for a move to 10.50-9.00 after we have seen 15.50-16.50 first.
Slowly we are moving back to 14.00 as expected. The overall view is not changed. Short-term we likely will go south 14.00 and then expect upwards again tackling 15.50-16.00. For medium-term players (and long-term) we are SHORT still and we add further SELL @ 15.50-16.50. The monthly chart is very overbought and still has not corrected. This means we have...
Short-term still overbought, and there is a likely chance of moving back to 14.00 short-term. The OIL price does places pressure on the TRY and it is possible after the short-term decline, that we may try higher levels once again. We may see 15.50-16.50 again, and these are medium-term sell levels for a move back to 10.50-9.00.