Hey! Today I am here with another ZKIN analysis as this stock is in a strong uptrend. From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside. Without looking at any indicators, this stock is in a strong uptrend even though to...
XLM is a very similar story as XRP as they correlate a lot. So the most of thing said about XRP can be also said about XLM. Still we can find one difference that the price is pointing towards the support area located at $0.145 to $0.15 per XLM, as the MACD is on a selling wave. As the price is currently located at $0.17 area, a break of $0.207 will bring bullish...
As the price of Bitcoin broke the all time high at $20.000, no one knows where the next resistance is located as there no previous resistance levels, which can cause a lot of FOMO. But we can determine still where the next resistance can be located with few techniques. The one we will be considering as the most likely one is a psychological resistance, which...
Currently the price of XRP is in a symmetrical triangle and the price action is expected to test resistance at $0.64 per XRP. All indicators are pointing the upside, plus Bitcoin is about to break new all time high! Good luck with this trade. Tibor
ZKIN is one of those very volatile stocks that are pretty easy to scalp as a break of certain levels (such as currently $2.40, $2.60..) usually leads to a volume spike, both to the upside or downside. And these breaks happens currently often as.. ..as the price of ZKIN has recently broke the weekly resistance located at $2.00 per share, which was a barrier for...
XRP has broken out from the downtrend bearish channel by breaking the downtrend line and confirming it as a support level. Currently the 4h technical aspects are looking very bullish and strong bullish momentum will be seen as the volume is increasing. RSI is above 60 and MACD on a strong buying wave, last confirmation will be the 20 and 50 buy signal. The...
This is a very tricky question to answer, but let's try to be hypothetical. As no one knows where the next resistance is located ,as Bitcoin broke new all time high and the are no known previous resistance levels from the history. Everyone can only assume where the next resistance is located, no matter how good analyst they are. A first thing that we can...
ZKIN has broken out from the uptrend channel to the upside and has managed to sustain above the weekly key resistance, which now acts as support located at $2.00 per share. Today the company has released a positive PR report which resulted in the price spike with over 50% increase. Unfortunately for bulls, this rally was sold. The price action seems to be...
If we follow historical price action when 2017 all time high was being tested at $1.163 per one Bitcoin, Bitcoin seen a 35% drop from the test of ATH before breaking it. In the present 2020 time this drop would mean a 35% drop from $20.000, which is located at $13.000 per Bitcoin which corresponds to daily 200 EMA. When we consider the fact that Bitcoin is...
XRP has been correcting for the past two weeks as the major breakout from $0.22 to $0.79 has to cool off before any more upside can be seen. This correction has led XRP to form a symmetrical triangle pattern which has bias to break to both sides, but usually break to the upside in uptrend. The support trend line of this triangle will very likely correlate with...
ZKIN is a NASDAQ Stock which has good fundamentals, good increasing financial reports and has a very interesting outlook for the both short and long term price action. They focus on Water Pipe industry with the use of Blockchain . So the fundamental site of this stock is pretty good, but how about the technical aspect? First thing that I would like to mention...
Last week I was pretty bullish on XRP when the price was below $0.50 per XRP and currently is hovering above $0.62 per XRP with no signs of exhaustion. This time we will be looking at 6h chart instead of daily one as it contains more valuable information’s about the future price action. After the $0.50 psychical resistance and weekly one was broken at this...
At first glance I can spot the ascending triangle formation that is forming and based on previous triangle, the break is expected to break to $1! There is one noticeable resistance located at $0.85 where a slight corrective move can be seen. Good luck with this trade!
Let’s start from the beginning, chronologically and compare the history and the current price action of BTC. 1. All time high from 2013, $1163 per Bitcoin. 2. Price continues to find support at 20 Exponential moving average 3. ATH retested after 162 weeks. ( Price is way too far from 20 EMA) 4. After ATH retest, a 35% correction to 20 EMA was seen, but...
AUDJPY Sell Idea #308 AUDJPY Sell Stop SL 75.888 (-11) EN 75.778 TP 75.420 (36)
Simple answer, Yes! Complicated answer, it depends. XRP is showing very strong bullish signs on weekly time frame. - RSI broke new high after more than 2 years - 20 and 50 EMA gave buy signal after 2 years Two very strong bullish signals. 2H time frame -Price is in, sorry, it's breaking from Ascending triangle bullish continuation pattern. - MACD is about to...
What few years ago seems like an impossibility, in the few next weeks can be reality. From the past we can see that 20EMA on weekly chart is Bitcoin's good friend and it's known as a strong uptrend line. Based on history, it seems like the price of Bitcoin is going to test $20.000 level for sure as that's the first real resistance area, but will it break it...
The price of AUDUSD has formed a head and shoulders bearish formation is very likely to retest 0.72 area. The setup. Sell a break of current support area below 0.7240 and take profit at 0.7200 area resulting in around 40 pips. Technicals. Head and shoulders formation has been identified. Break of 0.7240 will bring negative momentum. RSI is trending lower...