Market price broke out of up trend channel at the beginning of May in connection with the weakening economy and renewed threat of economic and generell wars in the world. Market price moves now within sideways channel/trend after last breakdown and looks for me currently like start of wave c.
Expect fast down movement if market price falls under 200 day moving...
not much to say, chart has shown some resistance at drawn line which is first indicator for another down wave as well the RSI which is near resistance line - for me is Uber fair valued under 40 $, the whole us stock market has lost value today and in my opinion this will continue in the next days - good risk reward trade (4,5)
-Litecoin price retraced from strong resistance at 107 $ and is searching since then for a bottom.
-I expect bottom building at up trend support trend line in drawn buy area 1.
-Price holds currently above middle bollinger bands which is bullish indicator if the next 4 hour candle
holds above as well.
-RSI is near up trend support line. Expect fast down movement...
Market price retraced several times from down trend line and is now in correction movement structure which is confirmed with closing under trend line.
RSI is near trend line support, expect fast market price down movement if RSI line breaks this support.
Market closed under Bollinger band middle line which implements further down movement.
- market price broke within descending wedge and is searching for bottom/support
- RSI and MACD indicating both up movement in next trading days, at least sideways
- expect up/sideways movement to down trend line which is important to watch
- 50 and 100 day moving average going to cross 200 day moving average which is bearish indicator
Market moves within strong up trend structure after last weeks breakout from drawn triangle. RSI is already in correction but market up trend is still intact which is a bullish indicator. MACD baselines looking like bullish crossing of baselines is incoming and baselines stay above zero line/ bearish area, which is bullish indicator.
The up trend is intact as...
In my opinion, the price of platinum will rise in the long run as it has similar chemical properties to palladium and the supply of platinum will decrease over time. The automotive industry is increasingly using more platinum as this is currently cheaper and palladium was significantly overvalued at $1600 (for me still overvalued over $1100)....
market price moves within strong down trend channel since beginning of April and is near first strong daily support and long term trend line as drawn in the chart, I expect bottom building in this price area and will open long from there.
RSI is retraced from resistance, expect sharp down movement within heavy over sold area.
Take profit 1 at down trend...
-After the rise at the beginning of the week, the gold price has lost value strongly again today after the global stock indexes have risen and many speak of an end of the second correction wave of the stock markets. An upward rally in the stock markets would depress the gold price.
-Currently the market is at a very important support level through horizontal...
Market moves near strong resistance and chart indicates an following down correction to 0.87 price area.
RSI on 1-12 hour chart is already overbought and indicates an following correction.
MACD baselines going to cross bearish.
Good risk/reward ratio from 3.5
Market price reached second trend line which is last major resistance before possible breakout and showing strong bullish trend structure on higher time frames.
I expect an fakeout to liquidate some shorts and then a fast trend reversal pullback to at the least drawn take profit which is near short term trend support.
RSI on daily chart is already near heavy...
Market price broke out of wedge and I expect as a result of this a straight up trend to the drawn sell area. There is first strong resistance, if this resistance breaks up the next target is 250 $. Expect double top test at 225 $ area before market goes down as drawn in the chart.
Open short at 225 $ with stop loss above 235/240 $.
50 and 100 day moving average...
Market shows good support in drawn area and moves within down trend wedge and is near trend resistance line.
My setup is valid if candle break above trend line and close above.
RSI indicates first up trend signals and MACD showing an soon up correction.
Today there was great news for the crypto market and bitcoin. The Bakkt future has been approved and is expected to start first tests in July twitter.com. Many investors have been waiting for this. Another great news is that Starbucks, Nordstrom and Whole Food accept now bitcoin as payment method...
after the Bitcoin price rose almost 20% this week, it has now arrived at a strong resistance. if the market doesn't break the 7000 line today I expect a correction and re-test of the drawn trend line.
RSI already indicates the first beginning of correction.
Wait for confirmation before entering this trade
Market price following strong down trend after peak from May 08.
Price is near strong resistance line.
MACD baselines going to cross bearish which is sell indicator.
RSI is near up trend support line, expect fast down movement if this line breaks.
Wait for confirmation before entering this trade.
Good luck and nice weekend to all.
- market prices moves currently within triangle and is near important resistance line
- open long if if 4 hour candle close above triangle trend line
- open short if next 4 hour candle close under triangle trend line
- the end of first row is also first take profit and the second one is take profit two
- RSI is near resistance line - expect market up movement if...