After rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum. Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000. Entry position at 40100, Sl at 40600 and TP at 39000
Considering that the price has retested the resistance zone, converting it to a support zone, I anticipate that the price will continue moving higher and higher. Entry point at 1.843, SL at 1.834 and TP at 1.868
Based on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin is now forming a bearish flag, which IMO is a strong indicator for a potential bull run Let us wait for the price to test the resistance zone so that we can have a clear entry position.
This currency has been forming a very interesting pattern for the past few days, a ranging momentum. The sentiment is still bullish but let us first wait and see if it will retest the support zone to have more clarity on either a bullish or bearish entry point.
Based on the previous post I had done earlier today, it is now time to have an entry position as the pattern has now being completed. Entry point at 174, SL at 165 and the target is 205. Expected R:R is 1:3
Considering that this currency has been on a bullish momentum, it is about to test a resistance zone, based on the higher timeframes (1D). Let us wait for the price to retest the zone, so that we can come up with a clear entry position.
Based on the previous analysis, I anticipate that the bullish momentum will continue.Entry price at 3220, SL at 3000 and Tp at 3800 The R:R for this trade is 1 : 2.6
Based on the previous analysis I had done on this commodity, it is now time for a sell entry considering that the price has retested the support zone, converting it to a resistance zone. Entry point at 80, SL at 82 and TP at 76.
This commodity has been forming a pennant (an indication of a ranging momentum) for the past few weeks. Let us now focus on the shorter timeframes to have a clarity on where our entry positions might be.
Based on the previous analysis I had done, it seems that this commodity might test the lower trend line of the pennant pattern. Considering that it is consolidating as for now, a sell entry position can be entered at around 80.80, when the price breaks out, Let us wait as for now to gain more clarity.
This commodity has broken out of the upper trendline of the pennant pattern. Could this be an indication of a bullish moment or a false breakout? Let us wait and see if it will retest the resistance zone at 2410 and proceed with having an entry position.
Now that the price is retesting the 1.8 - 1.802 resistance zone, it might be converted to a support zone. Entry position at 1.8085, target at 1.8325 and SL at 1.8
Based on the previous analysis I had done, I anticipated that the price might break the upper trendline and retest the zone. My entry position is at 1.372, target is 1.379 and SL at 1.3685
I think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe). I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
Earlier on, I had anticipated that this crypto coin will rebound, then proceed with bullish momentum. It was still unclear how we were to achieve an entry position, which becomes clear by the day. As for now, we can see that there is falling flag pattern formation, which IMO gives a bullish momentum confirmation. Let us see how it will complete this pattern...
This commodity has been forming a very interesting pattern since its massive bearish run last week. It has been forming a pennant, which IMO might be building up bearish momentum. Let us wait and see if the price will breakout of the trendlines to have a clear entry position.
Based on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin has now broken the upper trendline, which I assume will be converted to a support zone, if the price retests that zone. Let us wait and see so that we can confirm our position.
This crypto coin has been forming a bearish flag since it hit its ATH.