4H Chart Explanation: - Price broke the Weekly and the Micro Ascending Trendline. - Price is on an Important Support Zone. - If price breaks it, potential to move down towards the Major Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
🔸DAILY CHART EXPLANATION: 🔸 This pair is on a strong downtrend, being affected by the global situation. . 🔸 At this moment, it is facing the previous Support Zone, which we consider as a double bottom pattern. . 🔸 We are waiting for a definition of the move, since it can bounce or break the Zone. If it breaks down, the target area would be the bottom trendline...
Analysis Last week we were waiting for a continuation of the bullish movement after the falling wedge (main corrective structure) was broken The idea that the price was about to start a new motive wave towards the 14.000 level was pretty clear, and we were waiting for specific signals to open Long trades However, it has lost around 30% of its value in the last...
4H Chart Explanation: - Price broke the Ascending Trendline and started a huge down move. - Price broke the Support Zone (Resistance Zone now). - We are expecting a correction that allow us set a trade towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your view of the chart. Main items we can see on the Daily chart: a) The price was making a corrective structure for a new bullish motive wave to come. b) However, the price made a bearish movement breaking the two ascending trendlines and now being below the Daily one c) On Bitcoin, we can expect this kind of fake-out...
4H CHART EXPLANATION: - Price bounced at the Weekly Resistance Zone. - Now, it is facing the short term Ascending Trendline. - This scenario that we are considering is just a short term move towards the next support zones, looking for a retracement of the strong upside move. - Will wait and see how the trendline reacts. - Keep in mind that the main trend on this...
DAILY CHART EXPLANATION: - Price is bouncing at the Weekly Support Zone. - It left a noisy candlestick on the opening of this week, due to the global situation. - Now we consider it has potential to reach the Descending Trendline. - We will look for a lower timeframe bullish setup. WEEKLY CHART ANALYSIS:
4H Chart Explanation: - Price is on the Ascending Trendline. - Two possible paths from here: a) breakout and continue the down move. b) up move towards the All Time Highs. - Wait for a confirmation that indicates which of the two scenarios is the correct. 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) A 20% bearish movement has happened on the last two weeks b) Looking for similar situations on the past we can check the decile on January 2018 and on October 2018 c) After the price found support, we saw a huge corrective structure composed of an ABC pattern. in this...
4H CHART EXPLANATION: - After the volatility at the opening last night, which made price to drop to the Support Zone and then it was strongly rejected, it has broken the Resistance Zone and the Descending Trendline. - We consider that it has potential to reach the Resistance Zone at 0.8800. - Will look for a lower timeframe setup to get involved on this pair. ...
4H Chart Explanation: - Price bounced on the Resistance Zone. - Price is close to the Ascending Trendline. - If it breaks it, potential to move down towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Today we will focus on the Weekly chart on Natural Gas. Use this as a guide to develop your view of the chart: Main items we can see: a)Currently, the price is on a massive support zone b)In 2012 and 2016 we observed massive reversal movements on the area between 1.90 and 1.60 c)If we are thinking about developing long setups, we have a good filter that has...
Today we will update our previous idea on Ethereum. Remember, you must understand the logic behind any analysis and be able to take your conclusions. Main items we can see on the Daily Chart: a) The price is making a corrective structure pretty similar to the one we observed on the past b) That gives us substantial clues to forecast a bullish motive wave...
DAILY CHART EXPLANATION: 🔸 Price is on a clear downtrend since 2019. . 🔸 It has consolidated on a Daily Wedge Pattern. . 🔸 Now, price is facing the confluence zone between the Support Zone and the lower trendline of the wedge. . 🔸 Will wait to see how it reacts, and, if there is a clear scenario, will look for a lower timeframe setup. 4H CHART ANALYSIS:
4H Chart Explanation: - Price broke the Descending Wedge. - Price made a Correction above the Support Zone. - Now, it has potential to move up towards the Fibo Zones. Updates coming soon!
Use this chart as a guide to develop your view or to confirm your setup. Main items we can see on the chart: a) The price is inside an ascending channel (primary structure) b) Currently, the price is above a resistance zone (now working as support) c) On the Support Zone, we can see a Flag pattern (continuation structure) d) Now the price has broken the...
DAILY CHART EXPLANATION: 🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level. . 🔸 It is now facing the Ascending Trendline. . 🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75. . 🔸 Will look for a lower...
4H Chart Explanation: - Price is against an important Support Zone. - Price broke the Weekly Descending Trendline. - It has potential to move up towards the next Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!