Welcome traders to this analysis on GBPUSD as i can see the trend is losing momentum and is showing a potential reversal WHY?
1.) The trendline is breaking.
2.) The 1-5 potential wave ended and a ABC correction is expected.
3.) Potential HnS.
Looking to short after trendline is broken (wave A) and we form the RS (wave B) targeting the HnS target (wave C)
Welcome to XRPBTC chart analysis as we can see the price formed an bullflag formation which has a hiher chance to breakout to the upside and it is considered a continuation pattern.
Target of the bullflag is 3389 sats.
Hello, as you can see on the chart BTC broke the 10k area kind of weird in my opinion after 3 months of consolidation it just went from the bottom of the range straight up to 11k in a straight line without a normal grind and a consolidation at resistance and eventually to 12.4k.
-With clear bullish exhaustion as we can see on RSI bearish divergence the price of...
Eurusd completed a full 1-5 elliott wave impulse and now a ABC correction should be on the way, bearish divergence on 4hr chart and on daily Macd.
- 1.15 area is an important one so it is likely that it will be tested sooner then later.
I do think this is a very interesting situation here on EURCHF.
-As we can see since 2018 EurChf is been moving into an aggressive down-trend and so far i do not see any strong reversal signs (Even a bigger problem for bulls is that bears took out the 2017 low).
-We can see a completed 1-5 elliott wave impulse and so far a failed classic ABC correction.
As you can see on the weekly chart btc is in an fresh territory since the start of 2018, this means that there is not that much resistance but in the same time price must spend some time to consolidate and reclaim these levels since january 2018, this might take some time overall the price looks bullish and can go to 13k area and maybe to spike higher but...
Well, i decided to share my in depth analysis on USDCAD.
So let's start on November 2007 the usdcad price bottomed at 0.9 area, then it bounced hard consolidated a bit and went on a extreme rally that topped on March 2009 after bulls failed to push higher then 1.3 area, then bulls got punished hard by bears followed by a brutal bear-market that end after 5 years...
Eurnzd is in a bullish market overall, after the spike to 1.99 the price faced huge resistance and without necessary demand it erased almost all of the gains, but it found support at 1.72 area, forming a double bottom (where the bulls took control,(bullish divergence)) and broke above 1.77 and tested it as support which is a very bullish sign and currently the...
Hello friends here is an classical of an trend change, this is an informative example, please read all details in the chart.
Waiting of a re-test of 0.236 % fib level and looking for continuation to 127 price on EJ. Also the divergence was indicating in a trend change.
Welcome guys i did not made an TA analysis for a long time especially on xtzusd.
Here is my full breakdown on xtzusd all details are explained on the chart.
-I am waiting for a 50% retrace from the impulsive move after it broke the channel targeting the previous ATH and a new ATH.
-With respect, CryptonikLion
i am very bullish on this pair as you can see when price tries to make a lower low the price barely does it and on all three lows we connect them and we see a bullish divergence on RSI, the price did a mini double bottom made a HH now tested the neckline which on fib is 0.5 from the impulse and now looking for more upside to 0.5 level from the high on previous...
Here on Eurgbp i see a potential HnS that is forming because of the sharp rejection that EG faced yesterday. I see some bullish exhaustion on Weekly Macd, so after a bounce to 0.907 area i will be looking for shorting. Targeting at least 0.89479.