4 Hour Chart Explanation: - Price bounced on the Macro Resistance Zone and broke the Ascending Trendline. - It is currently retesting the Resistance Zone (Pullback). - If price starts its down path, we have two potential targets points: the Middle Support Zone at 3,782 and the Major Support Zone at 3,424. Also, our Weekly and Daily Analysis are short views on...
4H CHART EXPLANATION: This pair started a strong bullish movement after bouncing at the confluence zone between the support zone and the descending trendline. At this moment it is facing the other Confluence zone between the resistance zone and the top of the descending channel. Also, there is MACD Bearish Divergence indicating some weakness. We will wait to...
4H CHART EXPLANATION: Price was moving sideways between the support and resistance zones, and after that broke up starting a strong bullish movement. We consider this movement is about to end, since price is near to face the Descending Trendline. MACD Bearish Divergence is also showing some weakness. If the rejection is confirmed it would be a nice place to take...
We are gonna analyze the possible outcomes of BITCOIN Main Items we see on the Daily Chart: a)Price started a reversal movement on the Resistance Level + 61.8% of the Fibo Level. b)We think is a possible scenario for a correction of the Ascending Movement Main Items we see on the 4hs Chart: a) The Price broke the ascending trendline b)We can see 2...
4H Chart Explanation: - Price broke the Ascending Trendline. - It is, currently, against an important Resistance Zone. - If price starts its down move from here, it has potential to move down towards our Target Price at 240, being careful with the Middle Support Zone at 340. Our Weekly and Daily Vision support this short idea. Take a look! - Weekly Vision: ...
4H CHART EXPLANATION: After the strong bearish movement, price is now correcting towards the Resistance Zone (broken support zone), so we expect a rejection here to continue the downside move towards the Ascending Trendline MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
1 Hour Chart Explanation: - Price bounced on the Resistance Zone and, then, broke the Ascending Trendline. - It is currently on a Bearish Corrective Structure. - If price breaks it, it has potential to move down towards the Fibo Levels. Also, our 4H Vision supports a Short View too! Updates coming soon!
Daily Chart Explanation: - The Short Vision after breaking the Ascending Wedge remains active. - Price bounced on the Resistance Zone. - Now, it has potential to continue moving down, being careful with the Middle Supports Zone at 55,2 and, then, at 52,55. - The down movement will be considered completed when the Support Zone at 44,17 is reached. Weekly...
Main items we can see on the 4hs Chart: 1)Price is on a Flag pattern formation that found support on a major Daily Zone 2)Flag Patterns are considered continuation structures 3)Currently, the main form is a descending channel in which the Flag pattern is on it. Based on that if The price breaks out from the Flag pattern, we expect a continuation of the...
4H CHART EXPLANATION: Price broke the Descending Trendline and the Resistance Zone, and right now it is on a corrective structure of the previous impulse, making a pullback to the broken zone. We expect price to move upwards to the first Fibonacci Extension level at 1.272. DAILY VISION:
1H Chart Explanation: - Price broke the Ascending Channel and is currently on a Bearish Corrective Structure. - Bearish Divergence on MACD. - If price breaks the BCS, potential to move down towards the Support Zone. - However, we will move our Stop Loss to Break Even if price reaches the 1.272 Fibo Level. Updates coming soon!
4H CHART EXPLANATION: At this moment price is facing a support zone (previous resistance zone) that holded the price many times before breaking upwards. So, it is a nice reversal point for Ethereum, and to place a long trade it would be safe to wait for a price action confirmation such a candlestich pattern. In case this level can not hold the price correctly,...
Main items we can see on the 4HS chart: a)Price has broken a major descending channel b)After the breakout, the price made a Flag Pattern c)Flag patterns are considered continuation structures d)Using Elliott Wave Theory we can deduce that a 5th wave still remaining Based on that if price breaks down the Flag pattern with close candlesticks we expect a...
Main Items on the 4HS Chart: a)Price has broken the descending channel b)Currently, we have a Flag Pattern above a relevant Support / Resistance zone c)Flag patterns are considered Continuation structures Based on that, we expect a continuation of the bullish movement towards 1.14750 IF the price breaks out from the Flag pattern. Daily Vision:
4H Chart Explanation: - Price broke the Daily Ascending Trendline. - Price is, currently, against the Support Zone. - Bullish Divergence on MACD. - Two possible ways now: a) go up to retest the Resistance Level (Bullish Divergence on MACD supports this idea). b) continue the trend after breaking the Daily Ascending Trendline and go down towards...
4H CHART EXPLANATION: Price is on a bearish trend since May, broke the daily Ascending channel and now it is making a bearish corrective structure facing a support zone. The idea of this trade is to short once the support zone is broken, and the potential movement may reach the next support zone. MULTI TIMEFRAME VISION: -Daily: -Weekly:
Main Items we can see on the 4HS chart: a)Using Elliott Wave Theory we can conclude that if we had ABC ( Bearish Movement) / ABC (Current Bullish Movement). Now we can expect a 12345 bearish movement following the idea of a Flat Correction b)On every timeframe starting on the Weekly Chart we can see Divergences on MACD, (this kind of Signal is possibly showing...
Daily Chart Explanation: - Price faced the top of the Descending Channel, but it showed weakness when trying to break it. - Price was rejected from this zone and is on the Descending Channel again. - Bearish Divergence on MACD could be anticipating a down move. - It is, again, in the Micro Triangle Structure. Which side do you think Ripple will break the Micro...