Use this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a) The price is inside an ascending channel (primary structure) b) The price bounced from the lower trendline of the ascending channel c) We can see a corrective Structure that has been broken with a bullish movement d) We expect a continuation of the long...
4H Chart Explanation: - Price is on a Weekly Ascending Channel. - Price is on the Support Zone and on the Bottom of the Ascending Channel. - We expect price to move up towards the Resistance Zone. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price is on an important Support Zone + Weekly Ascending Trendline. - Expect price to bounce from here towards the next Resistance Zone. - If price breaks it, potential to move up towards the All-Time Highs Resistance Zone. Weekly Vision: Daily Vision: Updates coming soon!
DAILY CHART EXPLANATION: 🔸 "AUD/USD On the Reversal Zone": . . 🔸 Price has been on a downtrend for more than two years. . 🔸 It is now facing the bottom of the Descending Channel, which is a reversal level. . 🔸 Be careful, we are considering this level as a rejection zone but just for a retracement of the downtrend, this is not a trend change. . 🔸 Will look for...
Today we will explain the setup we are aiming to develop on BTC/USD, use it as a guide for your personal view of the chart. a) Currently, we can see a Corrective Structure (this type of structure is considered a continuation pattern, which means that you should expect a continuation of the bullish movement after the breakout. b) The continuation pattern is...
Today we will analyze a weekly chart after the price reached our expected target. The way we analyze the chart is focused 100% on identifying major support resistance zones and forecast the possible scenarios there, either for a reversal movement or a continuation one. Also, we support our analysis by looking at similar situations in the past and understanding...
🔸 "NZD/USD Long Term View" Weekly Chart: . . 🔸 Price is facing the Weekly Support Zone. . 🔸 If it bounces here, it has potential to reach the Descending Trendline. . 🔸 If the Descending Trendline is broken, then the next target zone is the Resistance Zone. . 🔸 We are waiting for a lower timeframe bullish setup to get involved on this pair. 🔸 DAILY CHART...
4H Chart Explanation: - After this big fall, price seems to be bouncing on the Weekly Broken Ascending Channel. - After the Pullback and the Support Zone, price has potential to move up towards the Resistance Zones. Weekly Vision: Daily Vision: Updates coming soon!
If you want to learn a little bit more about Technical Analysis, this is your post! We will analyze ETHEREUM and see the logic behind what we see. The first item is the breakout of the Falling Wedge what that means? It means that from a theoretical perspective, we should have a new impulse proportional to the previous one. Which one? The one that came before...
DAILY CHART EXPLANATION: 🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸...
4H Chart Explanation: - Price was on an Ascending Channel. - Price broke the Channel. - We are waiting for a correction before continuing the down move towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
4H CHART EXPLANATION: - Price broke the Ascending Channel. - However, it was not a clear breakout, it made an horizontal move for a few weeks. - Right now it is moving towards the Support Zone at 141.00. - If this zone is broken, there is potential to reach the Support Zone at 136.00 - Will look for a lower timeframe bearish setup in case that scenario...
Use this as a guide to develop your view of the chart Main items we can see on the 4HS chart: a)The price broke out from a falling wedge pattern b)After that, we saw a clear impulse to the next resistance zone c)Currently the price is on a corrective structure d)We think that the resolution of the current corrective structure will develop on a bullish...
4H Chart Explanation: - Price is on the Bottom of the Weekly Ascending Channel. - From here, there are two possible paths price may take: 1. Price may bounce here and start an up move towards the Micro Ascending Trendline. 2. Price may break down the Channel and go down towards the Support Zone. Wait for a confirmation of one of those paths before taking...
DAILY CHART EXPLANATION: 🔸 Price is on a downtrend since the beggining of the year. . 🔸 For the last days, it has been making a retracement. . 🔸 Right now it is facing the last broken support zone (now Resistance Zone). . 🔸 We are waiting for a lower timeframe price action pattern to confirm the direction. WEEKLY CHART:
4H Chart Explanation: - After reaching our target, we expect a correction from this Resistance Zone. - Price may move down towards the Micro Ascending Trendline. - If it breaks it, there is potential to move down towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your setup: a)Based on the post we upload yesterday on Crude Oil we have developed a short setup (check related ideas) b)Our Entry / Stop / Break Even / take profit has been set. c)We expect a continuation of the bearish movement towards the next support zone d)We can see 2 circles on the chart that are similar situations, and the...
Use this as a guide to develop your view of the chart: Main items we can see on the Daily chart: a)The price is on a support zone, making a corrective structure b)We can see on the past a previous scenario (check the circles) where the price made a Corrective structure, and after that, a bearish movement started. c)Currently, we are waiting for a similar...