Consolidating between $18.037 down to $17.411 has lasted for five days. This consolidation formed a reversal chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. Yet we still advice all traders to stay clear until that resistance is broken to the upside. More to that is the use of Bolinger band indicator which give us more clear signal of the this impending...
With 67days of descending volume on the daily time frame, price is giving a signal that it is gradually taking a direction. On the daily time frame, the price chart of BTCUSD will be analysed with the use of an indicator called THE BOLINGER BANDS(BB). The BB is used to identify high probability trading entry. There are 5 main signals while using BB, they are all...
Looking back at the previous analysis published on the 28th of August 2019, where we talked about the impending descending triangle chart pattern which is yet to be completed with more and more consolidation inside it. On the 2hours time frame, the price of BTCUSD which is still consolidating inside the descending triangle chart pattern has gradually formed a...
Gold gained 1% on Monday after attacks on oil facilities in Saudi Arabia fueled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets. Spot gold climbed 1% to $1,503.31 per ounce at 1:36 p.m. EDT (1736 GMT). U.S. gold futures settled up 0.8% at $1,511.50. “The Saudi Arabian situation is driving gold prices higher as...
Irrespective of the chart pattern in focus, it is best to see a breakout taking place above the long term moving-average. The 200-day MA is used to fitter the trend. In this chart the breakout is just taking place and it did nt only cleared the neckline but also the 200-day moving average. The cup must have a handle on the right. Cup rims should be near the same...
More and more breakout on the top 10 coins on the coinmarketcap. Yet another ascending triangle chart pattern spotted on the 4hours time frame, indicating a price reversal back to the upside. A likely test of $80 should be expected as the breakout from the resistance is currently in play. As explained below( when analysing XRPBTC): The price needs to close right...
As BTCUSD is yet to make a big move to one direction, Altcoins are taking the advantage to make a new move from their low price. On the daily time frame, the price chart of XRPBTC is currently testing the resistance on a bullish reversal chart pattern called THE DESCENDING TRIANGLE CHART PATTERN. A classical pattern with a well-defined horizontal boundaries,...
More positive news a head as traders await for the SECO Economic Forecasts which will determine the measure of market activity because it indicates the pace at which the Swiss economy is growing or decreasing. Traders anticipate a high reading or a better than expected number is seen as positive (or bullish) for the CHF. Price which opened with a bullish push up...
Today 16th of September 2019 making it the 4th day of consolidating between $10385.49 down to $10227.94, price is yet to make a one way directional breakout. On the 4hours time frame, to analyse the price chart of BTCUSD the use of Bolinger bands will be used to analyse the possible price breakout of move. Bands are tight or what is called BB squeeze. The...
As price dropped down from $19.61 to test $17.9, the price chart of XAGUSD has been spotted forming a bullish reversal chart pattern on the 1hour time frame. The bullish reversal chart pattern called the Head and SHOULDERS chart pattern spotted on the 1hour time frame has broken out from the horizontal resistance(called NECKLINE), but needs to close above it so as...
Test of the near support levels ahead, after the formation of the DOUBLE TOP. The double top which has always be classified as bearish reversal chart pattern can be of different types. This type shown above is called the EVE and EVE double top. The EVE and EVE double top, a type of chart pattern that signifies the shape formed at the top. Eve tops are more rounded...
Price still stands at the bearish territory, moving more closer to the tip of the symmetrical triangle chart pattern. On the daily time frame the price chart of XRPUSD has been spotted forming a chart pattern which only chance of determining the direction of breakout is only when it breaks through one of the trendline(resistance/support). Symmetrical triangles,...
GBPCAD is looking to moving higher if it could breat through the down sloping resistance holding it(NECKLINE). On the 4hours time frame the price chart of GBPCAD has been spotted forming a bullish continuation chart pattern called The Head and Shoulders Bottom. Just as we as analysed before based on the down-sloping neckline(resistance) play out ore variably on...
The main event for the Euro in the week ahead is the European Central Bank (ECB) policy meeting on Thursday, at 12.45 BST. The ECB is widely expected to ease policy at the meeting in order to help support the ailing Eurozone economy. A loosening of monetary policy is generally negative for the Euro as it involves either an increase in liquidity - in the case of QE...
As the dominance of BTC is currently see some little retracement from its high, altcoin are starting to see some reversal to the upside(starting a new trend). On the daily time frame, the price of LTCBTC has been consolidating for 107days inside a chart pattern called the falling wedge chart pattern. Respecting the two trend line sloping down, the falling wedge...
The weekend with less trading activities looks more at less volume activities in the crypto market. With the steady increase in the price of BTCUSD, the bull are really not strong to hold that price more to the upside. On the 2 hours time frame the price chart of BTCUSD has been spotted forming a bear pennant flag pattern. This is indicating price reversal to the...
Based on our previous analysis indicating the price of BTCUSD gradually consolidating inside a descending triangle chart pattern, price has tested the support and failed to breakdown giving it yet another chance to test the down sloping resistance once again. On the 2hours time frame the price chart of BTCUSD has been spotted forming a bullish reversal chart...
Ongoing US - China trade wars are still holding economies of the two countries and as major players these two have shown the effect of their poke-game in global markets. SPX has started this year very optimistically showing newer records and higher-highs and still more higher points to come. Unbelievabale isn't it? Despite rumors of the US is one step away from...