Dogecoin is Consolidating in Symmetrical Triangle from last 2 Months..!!
At the Moment, It's on the Verge of Massive Breakout
In Bullish Case, Expecting Another 2x Bullish Wave in Coming Days So Keep Your Eyes on it..
Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill.
Analyses of Trading Ranges
One objective of the Wyckoff method is to improve market timing when establishing a position in...
In Daily timeframe, Rising Wedge Already Broken Downside
At the Moment, Bitcoin is Consolidating in Bearish Flag.
If Flag Broken down too, Expecting Another Bearish Wave towards the Support Area (42k).
So Far Bitcoin Looking Horrible so Don't Catch the Falling Knife, We Could See More Downside Move
Hi everyone and Good morning. Welcoming you back (after 18-week break)
Thanks for your like and supports.
This is Part 3 of my Technical Analysis series of CHART PATTERNS
BULL AND BEAR FLAGS
Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders
GBPJPY Price Analysis
The GBPJPY shows a very clear bullish trend on the daily chart. Tide may soon change as the trend is seen to fade into a consolidation. Price has been ranging between 148.500 and 153. 500
GBPJPY Price Prospects
Prices have been rising and falling between the borders of the Bollinger Bands since the 18th of March. This is quite different...
ETH might take another leg up. Will long the breakout of the current resistance zone.
If there is a local correction, then I will average the position.
Bullish investors point to two primary reasons for ETH’s upward trajectory: increased institutional interest, and upcoming upgrades to the Ethereum network which could have a positive impact on the price of...
EURUSD once again has failed to make a higher-high on the daily time frame.
It closed the week on Friday with a large bearish candle failing to break through the resistance at 1.21500. EU rallied aggressively after it dropped into support at 1.17000 on the 31st of March.
Expectation From EURUSD
EU is showing a willingness to drop as it bounced off the...
Bitcoin Bulls Already lost the Uptrend Trendline but Still Defending the Horizontal Support Area (44k - 45.5k)
51k Area Acting As Strong Horizontal Resistance, If Bulls cleared it with Strong Volume then Bitcoin might retest the 58k (PREVIOUS HIGH), If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.
This market is in a solid trend higher, however price has been unable to break through the daily resistance.
This could change in the coming sessions.
Price has been building bullish momentum and has now formed a daily chart inside bar just below this resistance.
If price can break this level in the coming sessions we can start to look for long breakout trades.
This is a market we have discussed quite a bit in recent times.
As the daily chart shows, price is now making a fresh test to break higher and out of the resistance level.
Whilst price recently formed a large bearish false break signal at this level, we did not see a large sell off.
Price has steadily built momentum and is looking to break out higher.
In the last ten or so sessions, this pair has been trading within a tight sideways box pattern.
Whilst I will be overall looking for the box pattern lows and support level to give way, the best trade may come if price pops higher.
If we can see a move back into the box resistance level, then we could look to make short trades and then for an eventual breakout...
Price has now formed an inside bar on the daily chart of this pair.
As the daily chart shows, this inside bar has a lower wick that is rejecting the recent price flip support level.
Where price breaks from this inside bar looks key in this pair.
If we can get a break of the inside bars highs, then we can look for an extrened leg higher.
Price on the daily chart of this pair is in a strong trend higher.
As the daily chart shows, since the end of September price has been making a strong move higher.
Looking to trade with this trend higher looks the best play.
If price can now rotate lower back into a value area and area of support, then we can start to look for long trades.