The interesting moves on LTCUSD H1 chart. There was strong bullish move (green long bar) few hours ago, but it was rejected by bears and pushed the price down. It means, there was the shift of powers from buyers to sellers. The price is going down last few hours and it means the sellers control the price at the moment. There is a major resistance level at 192; the...
The Ripple moves sideways last few days. This means, none of the party (sellers and buyers) took initiative to control the price. The price touched the previous structure high at 0.83, which acts as a major resistance level. Every time Ripple got closer to that level, it was rejected by sellers. In others words, there were sell orders at that area that pushed the...
The LTCUSD price is reaching the structure high at 194.5 that acts as a resistance level. The recent few bars show that there is buying momentum and the price went little up and if it reaches the 88.6 fibo retracement then it completes the bat pattern. This will increases the probability of this trading setup to go short. The best approach here is to wait the...
The EURAUD price dropped significantly last few days and it getting close to the major support level at 1.5630. The price respected that level multiple times (green arrows) and it is more likely it will do it again. The sellers are going to lock their profits and buyers are going to step in, which will increase the price up. Moreover, the EURAUD formed a bat...
The BTC broke its previous structure high at 9400 area with a very strong bullish bar that is considered a valid breakout. Then it bounced back and backtested the structure again. The recent bar is bullish and it means more buyers are going to step in and push the price up. In additions, the new buying orders are usually placed at key areas that give the more...
The BTC price moves sideways at weekend, which creates a great opportunities for harmonic pattern traders. The market found two key zones at 9400 and 8400 area; they act as support and resistance. The price respected the resistance level few times and it more likely it will do again. The price already bounced back and we see sellers get control the momentum last...
As it was predicted in my previous BTC analysis the price went down and hit the structure low at 8400 are, which acts as a support level. There were enough buyers and the price bounced back. It means, the new buyers stepped in and sellers lock their profits that cause the price went little up. The BTC price moves in two key area now between 9400 (resistance) and...
The Ripple moves are very correlated to BTC price actions. If we compare H1 charts, we see that they make the same moves in the last few hours. The price hit the previous structure low at 0.7455 area and bounced back. It formed a support level and now the Ripple price now moves in sideways, because it was unable to break the previous low to continue down trending....
The ETHUSD price didn’t move much last few hours. Also, it is weekend and no strong momentum expected at those times. There is a structure high at $770 area, which acts as resistance level. If the price go close to that level then, it is expected that new sellers step in and price bounce back. Moreover, there is a potential bat pattern formations, that increases...
The LTCUSD price is at the key support level at 186; this is a decision point where buyers or sellers will get control of the price. We have seen that the price respected that level twice already (green arrows) and left the long shadows. However, the buyers could not manage to push the price up much. If the price breaks that structure then, it is more likely that...
This XPR setup up is similar as BTC. The price went upward last few hours that backtesting the resistance at 0.84 area. I expect the new sellers to step in and push the price down more. - Follow & Comment -
As it was analyzed in my previous chart, the BTC buyers stepped in and push the price up. It hit the structure high at 9405 area that acts as resistance after the breakout. We saw that the price respected the resistance and bearish bars were formed. The big orders are usually placed at key levels and I assume the bears are going to continue selling that will...
The TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The...
The LTCUSD price did not drop much compare to other cryptocurrencies. It fell last few days, but had a steady raise in mid February. However, the sellers got control the price in the last few days. If it continues dropping it may create a good opportunity to go long. There is a structure low at 107 and which acts as support level. The large orders usually placed...
As many other cryptocurrencies, ETHUSD experienced significant fall as well. There are strong bearish bar on H4 ETHUSD chart and it getting close to previous structure low at 556. These sellers are going to lock their profits sometime soon and new buyers are going to step in as well. The best key area seems to be that structure low. Moreover, the price forming...
The BTC price fell dramatically last few days. There are strong impulsive legs with small corrections moves. The sellers are fully controlling the price, as we see the strong bearish bars on H1 BTC chart. The price broke out previous structure low at $9405; that support now acts as resistance level. There are two options to follow the market in this scenario....
The BTC did not make much move in the past few hours. It dropped significantly yesterday that touched with previous structure low at $9428 area and bounced back instantly. Then it touched again and repeat the same pattern. Now, the price is an indecision form. Thus, these creates two potential scenarios that may develop today. First, the market may respect the...
As many other cryptocurrencies, Monero price was bearish last few days. However, the momentum stopped last few hours and the price formed a big bullish bar. It means, sellers locked their profits and become buyers. If the Monero price continues dropping, then next structure low is at 262.2 which act as support level. This is where big buying orders are most...