4H Chart Explanation: - Price broke the Ascending Trendline and started the down move. - Price is on a Bearish Corrective Structure below the Resistance Zone. - If price breaks it, it will move down towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
🔸 DAILY CHART EXPLANATION: . . 🔸 Price is on an uptrend in the short term. . 🔸 It is now facing the Resistance Zone. . 🔸 If the zone is broken to the upside, then it has potential to reach the Resistance Zone at 139.00, and, if price bounces, we could see a retest of the Support Zone. . 🔸 We got involved on this pair last week, and the trade is still opened at...
4H Chart Explanation: - Price bounced on the Weekly Ascending Trendline and started the up move. - Price broke the Micro Descending Trendline. - Price broke the Resistance Zone. - Now, it has a free path towards the ATH Zone. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view. Main items we can see on the Daily Chart: a) The price is inside a descending channel b) Currently, the price is on the lower trendline of the descending channel c) Also, we have a massive Support zone on 75 - 76 d) The convergence between the Support zone + the lower trendline of the descending channel, provide...
🔸 4H CHART EXPLANATION: . 🔸 Price bounced at the Daily Support Zone. . 🔸 It broke up the Short Term Descending Trendline. . 🔸 Now, price is about to face the Resistance Zone at 1.09500. If this zone is broken, then it has potential to go towards the Resistance Zone at 1.11700. . 🔸 We got involved on this pair this week, and the trade is still opened. . 🔸...
4H Chart Explanation: - Price broke the Descending Channel and started a down move. - It made a huge bounce from the Ascending Trendline. - Now, it is above a Support Zone, trying to develop an ABC Corrective Structure. - After that, price will move up towards the Pullback on the Descending Channel. Weekly Vision: Daily Vision:
Use this as a guide to develop your view. Main items we can see on the Daily Chart: a) The price was inside a big descending channel before it broke it b) On the Weekly chart, you can see that the price also broke a support zone that is working as resistance now. c) On that zone, we can see a corrective Structure making a pullback to the resistance zone...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price bounced at the Daily Support Zone. . 🔸 It started a strong upside move, and the last days did a little consolidation structure. . 🔸 Today that zone has been broken, so, price has potential to reach the Resistance Zone. . 🔸 We got involved on this pair last week, and the trade is still opened. 🔸4H CHART ANALYSIS:
4H Chart Explanation: - Price bounced on an important Support Zone. - Price broke the Descending Trendline. - Now, it has potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
Main items we can see on the Daily Chart: a) The price is inside a Huge Daily Correction. b) The price found a massive support zone in which we saw a reversal movement. c) Now, we can see the price on a resistance zone in which the price reacted in the past. d) we forecast that a corrective structure may come there, similar to the one in the past. e)...
Weekly Chart Explanation: - Price is on an important Support Zone, close to the Macro Ascending Trendline. - From here it has potential to move up towards the Top of the Descending Channel. - We are looking for buy setups on lower timeframes. Updates coming soon!
🔸 WEEKLY CHART EXPLANATION: . 🔸 Price is on an uptrend, however it has formed a double top pattern with the previous max level. . 🔸 We observe that the level could not be broken, and, if we go to a lower timeframe, we see some bearish signals. . 🔸 It has potential to reach the Ascending Trendline. . 🔸 Will look for a lower timeframe Bearish setup. 🔸DAILY...
On today's post, we will be focusing on what is going on inside the substantial Daily correction bitcoin is on it. (Yellow lines) Main items we can see on the Daily Chart: a) The price made a bearish movement finding a clear rejection on the 4000 level b) Currently, the price is above the Ascending Trendline and the Massive Support zone (two key levels) ...
Daily Chart Explanation: - Price is on a Descending Trend. - It si close to an important Support Zone. - We expect price to get to there before looking for buy setups. Weekly Vision: 4H Chart Vision:
With this post we are not saying, "The price will start a bearish movement" What we want to express here is: IF the price starts a bearish movement (that would mean that the resistance zone was strong enough to make the price Re-enter again), We will trade it in this way. Main items we can see on the Daily Chart: a) The price is on an ascending channel b)...
🔸 4H CHART EXPLANATION: . 🔸 Price is on an uptrend, after bouncing at the Daily Support Zone. . 🔸 It has broken the Descending Trendline, and consolidated for a few days. . 🔸 The target of the move is the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish setup. 🔸 DAILY CHART ANALYSIS:
Use this as a guide to develop your view of the chart: Main items we can see on the Daily Chart: a) After the price found Support on a massive zone we saw a reversal movement b) Looking at previous situations on the past we can see that the two last bearish waves were composed by -First bearish movement -Correction (ABC) -Second Bearish Movement c)...
4H Chart Explanation: - Price broke the Descending Trendline. - Price is currently above the Support Zone, on a Bullish Corrective Structure. - If it breaks it, potential to move up towards the Fibo Zones. Updates coming soon!