Hi Traders, We have a potential rising channel forming, with price squaring up the previous downward move. The next levels of support will be between the Fib 0.236-0.382 with the 0.382 level being previous resistance and with the potential of turning into support as it has formed itself as a key level. However, we have seen great volume coming into the market...
Hi Traders, We have here a great XRP trade opportunity. Last week we saw incredible gains from XRP but are now looking at a nice correction. The 0.618 Fib retracement on the daily has been hit. On the hourly chart we can see a bearish flag forming, currently price is testing support and resistance. We will want to see a short term rise to the top of the flag and...
Hi Traders, Price has broken through the channel, which had previously formed a double top. Price seems to be retracing at the 200 moving average which opens up to thinking it may test the bottom of the channel. If this is so entry will be between 1.18625-1.18556. However, if price pushes past our 200MA we will look to enter beneath at 1.18280-1.18185. SHORT...
Hi Friends, FUNDAMENTAL ANALYSIS Prices increased after the Moderna news on Monday stating that the Phase 3 study of the vaccine candidate, which had enrolled 30,000+ participants in the U.S. had a efficacy of 94.5%. This news comes after Pfizer and BioNTech announced a 90% efficacy of their own vaccine candidate also pushing prices higher. There has also...
Hi Traders, We have here one of my most favourite assets to trade. Oil brings great volatility and even greater potential for profits. Oil could potentially hit $50 over the next few months. Global inventories have been in moderate decline that will accelerate by mid-2021, the chief executive of Vitol, Russell Hardy said as quoted by Reuters. Thanks to...
Hi once again folks, We're back with a great trade on the infamous Bitcoin, in the more recent times we have seen crypto absolutely soar and Bitcoin is definitely back for some more, may it be now or later. BUY/LONG Order Entry - 15670.00 Target 1 - 17900.00 Stop Loss - 14900.00 As you can see from the chart analysis, I've drawn up an ascending triangle,...
Hi there folks, We have a long trade opening up on UNI/USDT trading on Binance. Entry - 3.00-2.70 Stop Loss - 2.55 Target 1 - 3.62 It's a short term trade, aim to buy in within the blue rectangle and also buy in on the move up and not down. Wait for price to play out, it could simply break the top of the triangle from now or come down to find some support at...