After retesting the all time high level, BTCUSD has retraced which was well expected. However, this sharp fall today is a bit unusual and has put a lot of people off guard.
However, the case for the bull run is still very valid and is going to give smart money opportunity to load more.
Watch the key levels below for turnaround and buy and hold to the...
ETHUSD tested the channel top and has come back to re-test the level identified on 23 November as per below.
Wait and look for a buy setup next week before initiating a new long position or add to your existing long positions.
1st price target is still same as before which is around...
Hope some people have taken benefit from the last analysis on the pair Oct 8th as per below. Price retested and reversed from the key support level as identified below.
The momentum is too strong and I don't expect any significant pullback considering BTC is at all time high level...
Hope some people have taken benefit from the 1st analysis on Oct 8th as per below. It has taken longer than expected but has played out exactly as anticipated. Patience is key.
NOW Next target and possible but opportunity.....
Expect price to pullback and...
Looking at possible levels for ETHUSD long term investment.
Notice the neckline around 290 which has acted as support and resistance many times in the past.
If 290 beaks, 210-230 is the level to watch.
Please note, this is not intraday trade idea. I am only interested in long term investment in crypto for next 2 years and looking at levels to add to my investments.
Key zones to buy VETUSD or VeChain.
0.0085-0.0095 has been historic resistance on many occasions. Expect this level to be respected as a support going forward for the next leg up.
Also, break of the descending channel will confirm the setup and will resume the bull run that started around Apr 2020.
Looking to short EURUSD on 4Hr trendline which is in line with the recent downtrend. This was established following formation of a rounded top at 1.19-120 region and break of neckline at 1.1860. This trade also aligns with the monthly bearish engulfing candle.
SL above 1.1850
TP1 - 1.1750 giving 1:1 R:R
TP2 - 1.1690
TP3 - 1.1550 (I think it should test this...
Scenario 1: Confirmed break and retest of 1.30 will target 1.34
Scenario 2: A pullback toward and test of previous support at 1.2770-50 region before the next leg up. This will also create an inverted H&S formation on daily and a stronger push upto 1.34 region and beyond.
Potential Short opportunity for Gold based on following -
* Gold broke the horizontal support around 1920 and now retesting the resistance zone.
* This also coincides with the sloping trendline as well as 61.8% fib retracement at 1926 from the recent down impulse
* Resistance zone comes in at 1920-1928
* 3 bar (candlestick) monthly reversal pointing downward...
Gold has tested the ascending channel top and got rejected.
Considering FOMC later today, there is 2 short setups to consider if you aren't shot already from my previous idea below.
Please see chart for levels
The whole world seems to long Gold now. However, note the following for reasons to be short.
# Price hasn't closed above 1700 on a weekly closing basis yet.
# A massive weekly bearish pinbar formed last week.
# Price is at the border of the ascending channel.
Watching Price Action closely for a short setup.
Price has retraced to 50% Fib level and previous broken structure. Watching Price action for sell setup on 4hr.
If this gives away the next stop for sell is at 61.8% Fib and confluence of multiple support and resistance.
Fundamentally it's a bear market and considering all the companies are literally closed for business and some of them already out of business,...
As the market currently doesn't have a clue what it's trying to do, the best trade on this pair is either to sell from channel top or buy from channel bottom which will give a great R:Ratio.
I'd look to sell @ 1.729 with SL above 1.7370 & TP 1.7130
Alternatively buy @ 1.6915 with SL below 1.6850 & TP 1.7095.
I prefer the long side of this trade if it presents...