Art_of_Trading

Art_of_Trading

The Ripple got selling momentum and it may continue to fall. There is a structure low at 0.6160, which acted as a support level, but it will become a resistance after a valid breakout. The more sellers are more likely to step in, which will form the more bearish moves.

Art_of_Trading

The BTC did not make much moves last few hours. There is a support level at 8325, and price respected that level few times. Last time it touched that level, it did not bounce back much and the price still close to that structure. This creates the good opportunity for breakout strategy traders. Wait for the strong breakout and then enter.

Art_of_Trading

There is a potential bat pattern setup on H1 EURJPY chart. The next structure level is at 130.91, where the selling pressure is expected. Moreover, if the price continues going up and reaches the bat pattern entry point, it will create the selling opportunity. T1- 38.2% T2 – 61.8%

Art_of_Trading

The EURUSD is going up last few hours and getting close to the previous structure level at 1.2425 area, that acts as resistance. This is a place, where the most of the selling orders are placed. Also, the buyers are going to close their positions to lock their profits and that resistance is the best level to do it. Both these scenarios will create an opportunity...

Art_of_Trading

There is a resistance level at 1.52 where the price was bounced back every time it got close to that area. The current market is going downwards and that momentum is expected to be continued. The more sellers will step in and previous buyers will lose faith in their positions. These scenarios will create the opportunity to go short.

Art_of_Trading

The EOS formed a symmetrical triangle on H1 chart. It is a type of consolidation, where none of the market participants (buyers and sellers) controls the price. However, it is getting close to the point where the breakout is expected. The best approach here is to wait for a valid breakout (strong confirmation bar) and then place an order.

Art_of_Trading

There is a potential selling opportunity for structure traders. If the market goes close to the previous high at 172, which acts resistance level, this will create a selling setup. The price respected that level multiple times and it will more likely that the market will do again.

Art_of_Trading

The Ripple price is being quite last few hours. However, if it goes up at resistance area at 0.7170, there will be an opportunity to go short. We know that the big orders are placed at the key areas and it is expected that sellers will be ready to go short at that resistance level. Moreover, the previous buyers will lock their profits, which give the additional...

Art_of_Trading

The BTC price did not make much move last few hours. It is in the same area around 8900 and none of the participants (buyer and sellers) taking the initiative to control the price. The market is getting close the next structure level at 9100 that acts as resistance. This is the area, where the most selling orders are most likely placed. Thus, it creates the...

Art_of_Trading

The BTC price continued falling down last two days. It touched the major trendline, which acts as a dynamic support after the breakout. The general market is going downwards and this momentum will be most likely continued. However, no strong moves are expected, because the weekend is coming.

Art_of_Trading

There is an opportunity for breakout strategy traders. The price broke the trendline that acted as a dynamic resistance level. Then, it was backtested back and now building a strong selling momentum. This means, the sellers are control of the price. It is expected that the more sellers will join that will continue the price to fall.

Art_of_Trading

There is an interesting setup on H1 BTC chart. The price is going down last few hours and reached the previous resistance level, that acts as a support after the breakout at 8600 area. The buying orders are most likely placed there, that will push the price up. However, the best approach here is to wait for the market to backtest the area. In other words, the...

Art_of_Trading

There is a potential Gartley pattern on H4 chart. The price is getting close to the Gartley entry point, 127% extension of AB leg. Moreover, there is a structure low at 1.2158, which acts as a support level. I will wait for the market to hit the entry point and then open the buy position to get the nice risk/reward ratio.

Art_of_Trading

There is an interesting setup on Litecoin H1 chart. The price reached the resistance level at 171 and it is considered as a valid breakout, because the bars closed outside of resistance zone. Then, it backtested back and went up. It means, the buyers got control of the price and the more bullish moves are expected. That previous resistance now acts as a support...

Art_of_Trading

There is a breakout opportunity on H1 Ripple chart. The price moves sideways last few hours. There is a structure high at 7227, which acts as resistance level. The selling orders are expected that area. The price already bounced back few times. Moreover, the price formed a trendline that acts as a dynamic support. The best approach here is to wait a valid...

Art_of_Trading

The Ethereum price is bullish since yesterday. It broke the resistance level at 555 and getting close the major resistance level at 622. The price was rejected few times at that level and it is more likely will do again. After this bullish move, the buyers will take their profits, which will push the price down. Moreover, the more sellers will step in that gives...

Art_of_Trading

The price broke the previous resistance level at 8600 area, which became a new support. However, the BTC did not much move last few hours. I highlighted the key structure areas on charts, where the buying and selling are most likely placed. I will wait for the market to make its moves and then act accordingly. If it touches the next structure high at 9400, I will...

Art_of_Trading

The XRP has tested the previous structure high at 0.7227, which acts as a resistance level. The price respected that level few times. It means, the selling orders are placed there, every time the price touched that level, it went down. There is not enough buying power to break that level, and it is more likely that the more sellers will join the market, who push...