1H Chart Explanation: - Price bounced on the Confluence Level (Resistance Zone + Top of the Descending Channel). - Price broke the Ascending Trendline and, now, if it breaks 52,85, it has potential to move down towards the bottom of the Descending Channel. Check the Related Ideas to have a look on our previous setup on UsOil. Updates coming soon!
4H CHART EXPLANATION: Price has been on a bearish trend since March '19. It is currently facing the Support Zone, so we expect an upside movement. However, it has to break some structures to reach the top of the range, this is why if you take long positions on this pair you should be careful and manage your position. MULTI TIMEFRAME VISION: - Daily: -...
The Main reasons to think that a bearish movement is about to star are the next ones: A) Same situation than the bearish movement in October 2018 observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario. B)The current Technical situation on the 4hs Chart: -The...
4 Hour Chart Explanation: - Price broke the Triangle Structure. - It is currently on a Bearish Corrective Structure. - If price breaks it at 107.8, it has potential to move down towards the Support Zone at 105.25. This setup is supported by the Daily and Weekly Analysis. What will I find there? Weekly Vision: Daily Vision: Fasten your seatbelts....
4H CHART EXPLANATION: The main items we observe on the chart are: a)The daily ascending channel is broken b)After the breakout of the mentioned channel, the price started a Flat formation c)Flat formations are considered continuation structures d)We can see that a new descending channel is formed and now the price is close to the higher trendline of the...
4H CHART EXPLANATION: We observe that price is making a corrective movement, and there is a clear Head and Shoulders pattern. This is a potential short setup, but we must wait for a breakout of the neckline to confirm the trade, since the macro vision is long and this is just a short term trade. Daily vision:
1H Chart Explanation: - Price is on a range. - It bounced on a Support Zone and is currently on a Descending Wedge. - Bullish Divergence on MACD. - If price breaks the Descending Wedge, it has potential to move up towards the top of the range, to the 4H Descending Trendline at 0,46573. You can check our previous analysis on XRP and our Top and Bottom View on...
4H CHART EXPLANATION: We observe that price broke down the Ascending Wedge Pattern, so, we expect a corrective movement since it did not correct after the breakout. It would be an optimal point to place an entry, looking for a downside move towards the support zone. MULTI TIMEFRAME ANALYSIS: - Daily: - Weekly:
4H CHART EXPLANATION: In 4H chart price is making a bullish corrective structure just after breaking the Major Resistance Zone. If this structure is broken, we we expect the bullish movement to continue towards the Resistance Zone at 170. MULTI TIMEFRAME ANALYSIS: Daily: Weekly:
4 Hour Chart Explanation: - Price broke the Ascending Trendline. - Bearish Divergence on MACD. - Price has potential to move down towards the Support Zone at 1,28611, being careful with the Middle Support Zone at 1,3122 You can check our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
1H Chart Explanation: - Price is on the Top of a Descending Wedge, on a minor Ascending Channel and against a Resistance Zone. - Bearish Divergence on MACD. - Price is against a Resistance Zone. - If price breaks the Channel, it has potential to move down towards the Convergence Level (Support Zone + Bottom of the Wedge). Updates coming soon!
4H Chart Explanation: - Price is on a Descending Channel, and bounced on the Weekly Ascending Trendline. - Bullish Divergence on MACD. - If price breaks the channel, it has potential to move towards the Resistance Zones. - We are looking for buy setups on lower timeframes. Weekly Vision: Daily Vision: Updates coming soon!
1H CHART EXPLANATION: Price is currently making a bearish corrective structure, so if it is broken, then it has potential to reach the support zone. In the 4H chart is explained the macro movement that we expect, but the short term trade is the explained at 1H chart. 4H CHART:
4H CHART EXPLANATION: As we explained on the Daily Chart, price is currently on a corrective pattern, in this case a Descending Wedge. Also, price has been bouncing at 1282 level since the beggining of the year. We will wait for a clear breakout and consolidation of the price above the structure, looking for long trades above 1294 towards the Resistance Zone at...
1 Hour Chart Explanation: - Price broke the Ascending Channel. - It is currently on a Bearish Corrective Structure. - If price breaks it at 1,6956, it has potential to move down towards the Fibo Levels. Weekly Vision: Daily Vision: Updates coming soon!
1H Chart Explanation: - Price is currently on a Descending Channel. - Bullish Divergence on MACD. - Potential to bounce from the Bottom of the Channel towards the Confluence Level (Resistance Zone + Top of the Channel) at 54,45. However, we still short in the Middle / Long Term. You can check our Top and Bottom Analysis on the Related Ideas. Updates coming soon!
4H CHART EXPLANATION: We observe that price started a strong downside movement after bouncing at the top of the Weekly Wedge Pattern, making two corrective structures on the way that allowed us to enter the market. Now, it has broke both the Bottom of the Wedge Pattern and the Support Zone, so we expect a corrective movement to continue the main...
4H Chart Explanation: - Price bounced on the Support Zone and broke the Descending Channel. - Now, it has potential to move up towards the Descending Trendline at 0,71125. We are looking for buy setups on lower timeframes. Updates coming soon! Weekly Vision: Daily Vision: