The EOS market formed a triangle and now we are seeing a potential breakout. In order this setup to be considered a valid breakout, we should see a strong bearish move. In other words, the indication that the sellers are control of the price and there is falling momentum. Currently, the price is held at trendline. The best approach here is to patiently wait how...
The NEO finally broke the support level at 81.50, which now acts as a new resistance. It means the sellers got control of the price. The new sellers will step in and the previous buyers will liquidate their positions, which give the price additional selling momentum.
The Cardano formed the channel. Those two trendlines act as dynamic support and resistance levels. If the price continues falling downwards, there could be the opportunity to go long. However, the best approach will be to wait for the market to bounce back (once it is confirmed that the price is reversed) at the trendline and then enter into the position.
The Litecoin price is going down last few hours and getting close to 127% retracement of a Gartley pattern. This will complete this advanced pattern setup and create the opportunity to go long. T1 – 38.2% T2 – 61.8%
As many other cryptocurrencies, Ripple did not make any significant moves last two days. It moves sideways between two key levels – 0.8302 (resistance) and 0.7326 (support). The current market creates the opportunity to trade between those areas. Moreover, there is a mini support level, which price acted before (red box). I wait for the market to get close to one...
The ETHUSD market was being ‘quit’ recently. Sellers and buyers are not committed themselves to control the price. However, there could be an opportunity for long. The market is close to the structure low that is mini support at 680 area. The price respected that level few times and it is more likely it will do it again. The second structure low is at 660, which...
The BTC moves sideways last two days. It means, there are no big orders placed to move the market either way. This is the indecision area, and both parties (sellers and buyers) try to get control of the price. This creates the opportunity to trade at the breakout. Wait for the valid breakout and place the position accordingly.
The opportunity for harmonic pattern traders. The price went up last few days and getting close to 78.6 Fibonacci retracement that will complete a Cypher pattern. If the price reaches that entry point and meets my risk reward ratio requirement, then I will go short.
The price formed a new support at 8900 area. The BTC touched it twice and it was rejected both times. In other words, the buy orders are placed there and if it touches that support again, it will most likely bounce back. In addition, the price action shows the buyers are in control of the price. The recent green bullish bar indicates that the price is getting...
The price created a large gap and this trading setup suggests that it will more likely be filled. There is a strong daily support level at 46.46, where most of the buy orders are placed. Plus, that is the best area for previous sellers to lock their profits. Those scenarios will push the price up. In addition, the market completed the Gartley pattern that...
The USDJPY moves sideways last few weeks and getting close to structure high at 107.81, that acts as a resistance level. The market respected that level multiple times (red arrows) and it more likely that it will do it again. If the price goes up it will form a bat pattern, which will increase the probability of this trading setup. The entry point is 88.6% of AD...
The Ethereum market moves sideways today. There is a clear triangle formation that creates a good trading setup. There are two possible scenarios that may develop. First, the price is at the structure (red box) that acts as mini support. The price may bounce back and go up as we saw the market was bounced everytime it touched that zone. The second scenario is the...
The LTCUSD has been quite like many other cryptocurrencies last few hours. It moves sideways and did not make any structure high or low. I placed the major support and resistance levels on the chart, where the big orders are most likely to be placed. The price acted on those key areas multiple times and it is expected to have an impact in the future as well....
The BITFINEX:XRPUSD market did not make much move in the recent hours. The price formed two trendlines. They are considered as dynamic support and resistance. If the price touched those lines multiple times already. However, the breakout is expected sooner or later and that’s where I am going to enter. I will await the valid breakout; once it confirmed I will...
The current BTC price is stable after the significant fall yesterday. If you saw my previous chart, that move was predicted. The market moves sideways at the moment and formed the wedge pattern. There are two key trendlines that act as dynamic support and resistance levels. I will await the market to breakout one of the trendlines and if it will be the valid...
The price went upwards last few days and reached the cypher pattern 78.6 entry point. There is a structure level at 43.07 that acts as a major resistance level. Most of the selling orders will be placed closed to that area. If the price starts falling, then most trades follow the momentum and sell. I will wait some time more to see how the market develops and then sell.
The EURJPY moves sideways last few days and this creates good opportunities for harmonic pattern traders. The market is going down today and if it continues and touches the support area at 130.64, there will be a setup for long. The price respected that level multiples times already and it is more likely it will do it again. The buying orders are usually placed at...
As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a...