4H CHART EXPLANATION: Price has broke the Weekly Resistance Zone, consolidating on a corrective structure to continue the Bullish Movement. Right now it is on a Triangle Pattern, that may resolve upwards. If that happen, then the target for the bullish move is the Resistance Zone explained on the Daily Chart. You can check our full top and bottom analysis on...
4H CHART EXPLANATION: a)Currently, the price is against a major support zone b)Price has broken the descending trendline Based on this, if the price breaks up above 0.65700 we expect a continuation of the bullish movement towards the middle resistance level, where we think the price is gonna make a consolidation structure to then keep going towards...
1H Chart Explanation: - Price broke the Descending Channel and is currently on an Ascending Trendline, against the Resistance Zone. - Bearish Divergence on MACD. - If price breaks the Ascending Trendline, potential to move down towards the Support Zone. Check out our previous Analysis on the Related Ideas. Updates coming soon!!!
4H CHART EXPLANATION: a)Price has broken the ascending triangle trendline b)Currently the price is inside a Flag pattern Formation ( this type of patterns are consider continuation structures) c)The Flag pattern is supported by a major support zone Based on this, if the price breaks down below 108.000, we expect a continuation of the bearish movement, towards...
4H CHART EXPLANATION: Price left a great bearish candlestick at the zone of potential revertion. Also, there is MACD Bearish Divergence between the previous Higher Highs. We expect a downside movement towards the Support Zone, and if it is broken then it has potential to reach the Ascending Trendline. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
4H Chart Explanation: - Price is on a lateralization since March. - Price bounced on the Support Zone and broke the Descending Trendline. - Now, it has potential to move up towards the Resistance Zone at 1,3498. Weekly Vision: Daily Vision: Updates coming soon!
1H CHART EXPLANATION: As we can observe, price is facing the Resistance Zone. It is inside an Ascending Channel, so, the first condition to take any short trade is that this channel is broken downwards. Once that happen, we will wait for price action confirmations like a corrective pattern or candlestick pattern to place our entry/stop loss. This is a...
Daily Chart Explanation: - Price is on a Descending Channel since April '18. - It bounced on the Support Zone and is currently on a Bullish Corrective Structure. - If price breaks the Descending Channel at 0,483, it has potential to move up towards the Resistance Zone at 0,75. You can check our Top and Bottom Analysis and our last short term view on XRP on the...
4H CHART EXPLANATION: As we can observe, price broke the corrective structure and started a strong bullish movement surpassing all the Resistance Zones in the way. Now it is facing the Weekly Resistance zone, so, it may correct here towards the support zone (previous resistance zone). Also, there is MACD bearish divergence that supports this short term...
Today we are going to provide the Technical Evidence that we collected that supports a Short view on the Short term on Bitcoin. Everybody should make their own analysis and then use other views to Complement or discard that analysis. Another important item is that our conclusion is purely based on price action and we do not take any other data from outside the...
4H Chart Explanation: - Price bounced on the Resistance Zone. - Price broke the Ascending Trendline. - Now, it has potential to move down towards the Support Zone at 7122,8. However, our long term views are long! Weekly Vision: Daily Vision:
4H CHART EXPLANATION: We observe that price broke the Ascending Trendline and now it is consolidating on a corrective structure. This is a nice opportunity to trade since most of Major USD pairs are in similar situations, but we need to be careful because it could be a very volatile situation, so, taking short positions below the support zone could be a good...
Trade Idea: Short Setup USDJPY Main Items we can see on the 4HS Chart: a)The price is Below the Broken ascending trendline and the resistance zone b) The combination of the two mentioned zones makes a major resistance level in which there is a Flag pattern formed c)Flag Patterns are considered continuation structures To better understand this trade Idea lets...
4H Chart Explanation: - Price broke the Ascending Trendline. - It is currently on a Bearish Corrective Structure, against a Resistance Zone. - Bearish Divergence on MACD. - If price breaks it, it has potential to move down towards the Support Zone. Weekly Vision: Daily Vision:
1H Chart Explanation: - Price is on a Support Zone. - Bullish Divergence on MACD. - If price breaks the Descending Trendline, it has potential to move up towards the Resistance Zone. Check out our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
4H CHART EXPLANATION After the downside movement triggered by the Trade War price consolidated on a corrective pattern, and it may be finished. We will wait for a breakout of the structure to take short positions. DAILY VISION:
Main Items we can see on the 4h chart: a)Price broke out from a descending trendline and started a Wedge Pattern formation. b) Wedge Patterns are considered reversal structures. c) The Wedge Pattern is supported by a major support/resistance level and the broken descending trendline. Daily view: Based on this we expect the price to continue the bullish...
1H Chart Explanation: - Price broke the Ascending Trendline and is currently on a Bearish Corrective Structure. - Price is on a Resistance Zone. - If it breaks the Structure at 1,32452, it has potential to move down towards the Fibo Levels. You can check our Top and Bottom Analysis on USDCAD in the Related Ideas. Updates coming soon!