As it can be inferred from the chart, the price has nicely bounced off the level of major support. We are now looking forward to opening BUY positions and aiming for the area indicated on the chart which aligns with 61.8% Fibonacci level.
Initially, our bias was bearish for this pair, as the price was consolidating and forming a top at the area of the descending trendline. However, after a nice bullish candle broke the level of resistance and closed above, we have shifted our bias from bearish to bullish, and we will be executing once the price re-tests the broken structure, as indicated on the...
As we can see from the chart, the price is growing step-by-step and forming new Higher Highs. A nice bottom has been formed on the zone of an important level of support aligning with 0.5 Fibonacci retracement level. We are now expecting for the price to keep rising till the previous Higher High and even beyond
As it can be seen from the chart, after reaching an important key level of 1.137 last week, the price immediately reacted to the zone and started dropping. Moreover, on smaller timeframes, a descending channel has been formed. The price has printed some nice candles and rejected the local zone of 1.131 resistance. It is highly likely that the price will continue...
As it can be clearly seen from the chart, the price has formed a nice ripple top on a key level of support. From here on we are expecting for the price to keep growing and reach the important zone identified on the chart.
The price has reached a key level of resistance and we are now expecting for the price to consolidate before further downside movements take place. We have used the Fibonacci retracement tool to identify the level of 50% Fib retracement that aligns nicely with a level of previous resistance now turned support. We will patiently wait for a nice top to form, before...
As it can be inferred from the chart, the price has been consolidating around the area of the descending zone drawn on the graph. Last Friday, we saw a bullish candle break the local zone to the upside and now the price has returned back in the range. We are expecting for the price to consolidate a little bit before further downside moves happen. Happy trading, everyone!
Hey, family! Quick update on Bitcoin. Nothing much has changed since our last analysis on Monday as the price is still consolidating around a possible entry zone. The chart analysis pretty much says it all about why our bias is bullish on this pair. Multiple technical confluences are being lined up perfectly: the formation of Higher Highs and Higher Lows, an...
First of all, taking a look at higher timeframe charts, it can be clearly noticed that the overall sentiment of the market is bullish. The price is currently wandering around the area of the ascending zone, as it is indicated on the graphical illustration. As we can notice from the previous encounters of the price with the local ascending zone, before launching to...
As it can be seen from the chart, a nice bullish candle is being printed and the price has nicely bounced off from the crucial zone of support. We believe that there is a high possibility that the price will keep on rising till the previous zone of support now turned resistance, which nicely lines up with the Golden Fibonacci zone.
As it can be inferred from the chart, the price keeps constantly forming Lower Lows and Lower Highs. At the moment, a nice little top is being formed at the zone of the descending trendline which is drawn on the chart. We are expecting for the price to keep dropping till the area identified on the chart or even below that price mark.
TO begin with, the sentiment of the market is pretty bullish. After a massive drop last week, the price has formed a valid bottom and is now charging up for further bullish movements. During the market opening this week, a massive candle spike broke the sideways moving range to the downside, grabbed some liquidity, and then returned back into the range. We are...
As we can notice from the graph, a beautiful descending channel has been formed and the price is currently sitting on the lower boundary of it. We can see some signs of bullish movements around this area and we are pretty positive that the price will keep rising and reach the upper boundary of the channel. However, we have to take into consideration the major USD...
Are we headed towards new highs? Is ETHEREUM ready to keep flying and reach Pluto? Well, maybe. You know, nothing is 100% sure in life. The closest thing that we all have to perfection is confidence and belief in our analyses. From a technical perspective, after piercing through an important level of resistance, the price has come back to re-test it. The same...
As we can see from the graph, the price of NZD/USD is sitting on an important level of historical support. We are expecting for the price to bounce off this level and keep growing till the area of a previous support turned resistance which perfectly aligns with the 0.5 Fibonacci retracement level. We will monitor the lower timeframe charts (H8, H4) and enter...
Hey, fam, welcome on our BITCOIN analysis for the day! Looking at the WEEKLY timeframe chart, we can identify that the sentiment of the market is super bullish and our friend will keep flying to the Moon and beyond. Moreover, as it can be seen from the chart, the previous WEEKLY candle has rejected the zone of previous resistance turned support, which indicates...
Now, let's see what we have on EUR/USD. As it can be clearly inferred from the chart analysis, a really strong bullish candle was printed last week, which penetrated the previous Lower Low on the H4 and H8 timeframe charts. Looking at the DAILY and WEEKLY charts, we can see that the price has been dropping like a needle and some corrections are definitely needed....
Welcome once again, family and let's see what we have on USD/JPY for this week. As it can be clearly noticed from the setup, the Japanese Yen got really strong around Friday last week. If we take a look at all JPY pairs, we can witness a dramatic rise of the JPY in the relationship with other currency pairs. The price of USD/JPY is currently sitting on an...