The price direction has changed and sayings more upside to come in the coming days. On the 3hours time frame the price chart of EURUSD has been spotted forming a reversal chart pattern called the bullish gartley chart pattern. The Gartley pattern is named after its founder H.M. Gartley. It's sometimes known as the Gartley 222. The Gartley pattern is complex...
Week starting 18th of August 2019 the price of BTCUSD is currently showing a price reversal back to the upside after testing the near support level. The previous analysis published on the 13th of August 2019, where we advised all traders to open a short position on their trades, which we assume everyone made cool profit from(). On the 2hours time frame, the price...
The reversal calls as the price of XAGUSD has been spotted forming a bearish chart pattern called THE RISING WEDGE CHART PATTERN, more to that is the bearish regular divergence which has also been spotted on the same time frame. The rising wedge chart pattern has been a reliable chart pattern used by a lot of traders, which indicates a bearish reversal to the...
The market is looking so bearish as the bears are in total control of the market. XRPUSD has been holding its support for 238days, as the support level grows old it becomes weaker. Yet another bearish chart pattern on the weekly time frame pointing to the downside, which price has broken the support that has been holding. Not much to talk about here just the close...
The bears are getting stronger and stronger by the day. On the daily time frame, the price of ETHUSD has been spotted forming the BEARISH 1 2 3 4 COUNT to the downside. Just like the previous analysis on ETHBTC where we analyzed this bearish 1 2 3 4 count to the downside with the majot support level at 2( which is called the fluctuation level). The fibonacci...
After yesterday's analysis to go short on BTCUSD which turned out to be success( yesterday's analysis ) altcoins has continued to bounce back up. On the 3hours time frame the price chart of LTCBTC, has been spotted forming a bullish reversal chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The horizontal resistance is the key level here as price is still...
The price chart still printing a bearish trend on all higher time frame. On the 4hours time frame the price chart of BTCUSD has formed a bearish chart pattern called THE DESCENDING TRIANGLE CHART PATTERN. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern and most times it is also called a reversal chart...
Yet another 1 2 3 4 bearish count to the downside. On the daily time frame the price chart of USDCHF has been spotted forming the bearish 1 2 3 4 count to the downside indication a break of the major support(2). The major support is indicated by the number 2 which price has broken. To trade this to the down side, price needs to close below 2 which is called THE...
On the daily time frame the price chart of EOSUSD has constantly maintained a horizontal resistance at $4.7287 and a several diagonal touches at the support levels. It signals that the market is about to head higher, occurs when there is a resistance level and a slope of higher lows. Price trend can be any direction leading to the chart pattern, has a triangular...
Price right at the support level. New weekly candle stick is about to open the old one is about to close, make still remain indecisive about its potential move as the dominance is showing a sign of drop to test the previous support with a reversal candle stick formation called the tweezer top. charts.cointrader.pro On the three hours time frame, the price chart of...
The continuation chart pattern THE PENNANT FLAG PATTERN. After a big upward or downward move, buyers or sellers usually pause to catch their breath before taking the pair further in the same direction. Because of this, the price usually consolidates and forms a tiny symmetrical triangle, which is called a pennant. While the price is still consolidating, more...
Yet another BULLISH 1 2 3 4 count to the upside. Despite the market correction to test $11635 the price is still looking bullish. The dominance is still hitting up getting close to 70%. From the previous analysis posted 1st of August 2019. Using the ichimoku cloud settings, the future cloud Two levels which are very important are the RESISTANCE(2) and...
The reversal to the upside continues steadily as the price chart of USDCHF has been spotted forming a bullish continuation chart pattern called THE CUP and HANDLE chart pattern. A cup and handle chart pattern occurs when there is a price wave down, followed by a stabilizing period, followed by a rally of approximately equal size to the prior decline. It creates a...
On the 4 hours time frame, the price chart of EURGBP has been spotted forming a bearish pattern called the bearish divergence. We all know that divergence, divergence is a reliable trading signal, but it's not timely, meaning that price usually follows the direction of the indicator. so, when you spot divergence, recognize that the price trend may change. This...
Yet another bearish 1 2 3 4 count trade to the downside. On the daily time frame the price chart of NATGASUSD has formed a bearish set up called the 1,2,3,4 trade count to the downside. The most important part of the bearish move is that price must close below 2 to indicate the major move to the downside. With the use of the fibonacci extension raito, the first...
Still looking to drop a bit from the little increase in price. On the 3hours time frame, the price of XAGUSD has been spotted forming a bearish harmonic pattern called THE BEARISH GARTLEY CHART PATTERN, below are the step by step guide on how to stop the gartley and trade it. The Gartley pattern is complex because it deals with Fibonacci ratios: XA - Price drops...
Trade looks a bit late but yet to close below the major level. On the daily time frame, the price chart of USDCHF has been spotted forming a chart pattern called THE DOUBLE TOP (U&U) EVE&EVE This calls for an opportunity to open a short trade to the down side. what is double top(U&U) chart pattern? Eve tops are more rounded looking and wider. If they have spikes,...
Week starting 4th of August 2019 the altcoin market capitalization continues to drop more. On the daily time frame, the price of ETHBTC has formed the 1 2 3 4 bearish count to the downside, which the height from 1 down to 2 is used to calculate the move to the downside when price breaks through 2 and closes below it. The fibonacci extension ratio is used to...