USDCHF has backtested the neckline of a potential Dougble Top as Resistance today and could be headed down towards a 0.886 Retrace next.
If we are to base our views of this chart like we would any other price chart, the harmonics we see forming here would imply that US Inflation is reaching a peak and that we will see Inflation come down signfiicantly over the the coming years. If i were to give a target i'd say we'd wanna see it come down to atlest 3% as a first target but it could go down even...
Here is a Gann chart of the DXY showing that we are currently facing the Heart of the Fann if we break above this then it's very likely the DXY will see highs up in the 120s but for the time being we are below it and it looks like the DXY will struggle to get above the heartline so i think now would be a nice time to look for a retrace and perhaps test the old...
Daily Triple Bullish Divergence on the RSI seems to be hinting towards a future scenario where the AUD will see a Bullish Rally against the CAD to the top portion of the range it's formed down here.
The LTCBCH pair has been showing signs of bullishness for many months now and in that time LTC has rallied while BCH has gone down and stood still now we see here BCH is breaking down a descending triangle while LTC is still trading near the highs of the rally. I expect that we may see BCH meet Litecoin halfway and come down near the $30-$65 price range as LTC...
We are at the 88.6% Fibonacci Retracement and showing Moderate amounts of Bullish Divergence on the RSI if we can catch a Standard Correction of the Downtrend we could see it pump back up to the 200 Day Moving Average which is Currently near the next possible resistance zone above if we were to rally from here.
We have an Ascending Triangle visible on the 4 Hour Timeframe for ADA that could be enough to take us back up near 60 cents atleast.
Pretty much everything you need to know is in the title but if i were to elaborate on some details i'd add the fact that there is Bullish Divergence on both the Daily MACD and RSI.
We have an Ascending triangle Visible ont the 1 Hour and are currently holding above the Moving Averages so long as we can hold this level and shift out soon we could at a minimum see a rise to the 800 Hour EMA.
There is a Falling Wedge Visible on the Daily and Weekly and on the Daily Timeframe we have a Double Bottom With Bullish Divergence present at the Demand Line of this Wedge as seen here: I will mainly target around 0.9 cents which is the top of the range we have formed on the weekly but overall this has potential to go beyond the main target and hit 1.7 cents if...
So long as it can hold the .886 here over the next couple of weeks we will likely be targetting the $1.10 Level from here
If we are lucky we will see GRT atleast Rally up to the 200 SMA on the 4 Hour from here.
As i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see...
XLM could see a 50% rally up to a previous support level where it might then test it as new resistance if the rally proves weak. One may want to wait until after the FOMC before putting full size on this trade just incase there is any negative volatility during the meeting.
Managed to catch a pretty good bounce on the AUDCHF pair a little while ago and now i will be looking for a similar performance in the AUDUSD pair.
The only thing holding Ape back from a 10-20% move to the upside from here are the moving averages i would buy here and put my stop below last week's low.
This is pretty much the same setup at the old LUNA/BTC chart that i had but since the exchanges deleted that pair and launched LUNA2 while the old LUNA pair became LUNC i decided to repost this Gartley for the new LUNA2
We Have Weekly MACD Bullish Divergence Visible at the PCZ of a Bullish Butterfly on DASH