Forget the rush to safety, the USD will break. It has to break because the whole world depends on it for liquidity. The greenback must crash as a #coronavirus safety valve.
TRY averaging with positive swaps. Short the double bar bear reversal pattern with high trading volumes until it breaks!
Litecoin (LTC) is technically bearish.
Week-to-date, LTC is up 14% but stable in the last day.
This skew is mostly thanks to the bear candlestick of Mar 12. It had high volumes and broke below H2 main 2019 support of $35.
Therefore, in a bear breakout pattern, the close above $35 must be solid. At pixel time 1056 HRs UTC+3, prices were hovering above this...
Fundamentals supportive of Tezos (XTZ)
1.Tezos Foundation said it will settle and are offering $25 million. However, this is subject to Judge Richard Seeborg of the U.S. District of the Northern District of California, approval. Should the judge agree, XTZ will have a boost.
2. Tezos also plans to implement a privacy feature later this year. This is at a back...
Couldn't pass this guys! But I think JPY's time as a "safe haven" currency is over. I'm yet to learn of the underlying fundamentals but there are a lot of pluses in the monthly chart. And they are rare! Since the monthly chart is king, I'll take the cues from the double bar bull reversal pattern clear in the monthly chart and call for SGD LONGs in the daily and...
The question is whether Ripple (XRP) will overcome the main resistance line at 30 cents . This is a huge resistance line that XRP bulls must overcome if there will be any decent gains to 40 cents and even 60 cents by the end of the year. Assuming there is a high volume break and close above 30 cents as momentum builds up from yesterday's bull bar, it is likely...
It's a pretty nice set up as far as #Ethereum #ETH is concerned. While there is a conspicuous bear bar of Sep 24, bulls are at a pole position and will likely bounce back. As such, there is an opportunity for buyers to buy the dips and place tight stop-loss orders just below $150-$160 support zone. Remember, #ETH is trading within a bullish breakout pattern...
I'm highly convinced that the Euro is about to rally. I must be honest with you guys, I know nothing of the fundamentals but there is an opportunity for a 1000 pip gain and buying at spot prices will offer traders with a nice risk reward. I recommend buying at 1.52, stop at 1.5 and first targets at 1.56 and later 2.1.
it's ambitious but there is something big coming up!!!
That's a three bar reversal pattern and a double tops. Last week ended up bearish with high volumes complementing the prior week inverted hammer or pin bar.
I recommend selling anywhere between 10.50-55 zone with stops at 10.60 with first targets at 10 and later 9.75.
Today we focus on Euro and for clarity, we are net bearish on the Euro going forward. Because of this predisposition, we are only looking for short positions and right now we have identified one in the daily chart. In breaking down this we shall consider price ranges and market participation. In this case, volumes play a critical role in our...
Today, our focus shifts to the EURJPY trade pair and just to be clear, I’m Euro bearish. There are couple of reasons for this preview. Notice that after prices peaked on February 2, JPY bulls drove prices lower and the consequent retest of that high on April 25 at around 133 came in lower. Because of this we can say bear momentum is high and we...
Clear rejection of higher highs at 50 cents. Because of that stochastic sell signal and a break below the middle BB, we might see prices going lower and as such 30 cents is our ideal bear target before prices recover and edge towards 70 cents.
XRP bears are playing with that over-extension visible by end of April 21. As such, correction is inevitable. In line with the stochastic sell signal and the rules defining over-valuations, we shall sell XRP with targets at 7700 satoshis and later 6900 satoshis.
NEO must rise. The Chinese government wants to be blockchain and technological powerhouse in coming years. So, with an agenda of creating a smart economy by leveraging on dBFT protocols, NEO should have more control and audit transactions. Then again, for swing traders, expect prices to rise now that Binance recently air dropped April load while...
Litecoin is designed for merchant and those willing to buy sell pseudonymously through blockchain. There is more adoption considering the number of merchants and payment companies/start ups willing to do business with Litecoin Foundation and or Charlie Lee. Besides, of all the coins in the top 10, it lags in performance meaning it is undervalued...
This coin is a long term buy. It is designed for IoT environment and many big companies continue to show interest with DLT especially Tangle. Buy now and aim for $3 and later $3.
Check full TA at News BTC under Dalmas Ngetich
It’s no doubt that the GBP has been on the upper edge for the better part of last year. Well, in my view, it might continue with its trajectory especially if there is an interest rate hike in the future. However, when we take a purely technical view, we expect GBP to lose ground and correct in the coming days.
A top down approach can provide a...