Watching BTC to see if support of $30,000 holds. Likely to break 30k and retest $20,000 in my opinion before bull run continues to ATH. Currently in Phase E of Wychoff market analysis. Watching closely for long term ideas.
Keeping an eye on AUDUSD on monthly and weekly charts for confirmation of long term direction. Will we retest major resistance of 0.8000 again of will we break this consolidation and move southwards??? Keep an eye on it.
Bullish flag formed on XRP. Price action remaining in the flag. Looking to get in on the ascending trend line and go LONG to $2. If price breaks the bullish trend line on the daily chart and close below the trade idea is void.
BTC /USD is now sitting at major Monthly/ Weekly support level of $50,000. Looking at the daily chart for executions on any trade ideas. Looking for price action to react to this level and either rebound higher for another bull run or break $50,000 and fall to next support of $40K.
Monthly chart descending trend broken, Weekly chart showing descending channel breakout and looking to see a retest confirmed on weekly before going LONG. Looking for a LONG towards highs of 1.2300. Probably take a position towards the end of this week after confirmation.
SHORT NZDUSD trade. NZDUSD on monthly chart has broken long term descending trend line. We now see consolidation between levels 0.7000-0.7300. Short term weekly resistance at 0.7300 with target at lower end of consolidation range 0.7000. Execute trade on the close of Daily candle (10th May 2021) with stop loss at 0.7320.
Long term monthly chart descending trend broken. Looks like the swing traders are taking their profit at 0.8000 resistance level for the short term, consolidation likely.If 0.8000 is broken looking for a retest and long term LONG to 0.9500.