Taking a look at ETH we are still consolidating on the $135 Major Pivot and under the $140 resistance level. The weekly inside candle gives reason to remain unbiased now until a larger move provides a clearer indication. A break through the $140 res will likely lead a continuation to the $152 pivot and ultimately the $160 weekly resistance region. Depending on the...
Looking at Bitcoin here as we remain pinned on the $4000 key level, I am cautiously bullish. As we have been consolidating for the last 3 weeks BTC has held the Daily trendline, making higher highs and higher lows. This gives me reason to believe a larger move back into the $4200 weekly resistance region is setting up. The $4200 Resistance has been strong with...
After a volatile lower wick tapping the $.29 support zone yesterday, XRP was bought back up into the $.32 consolidation zone. This gives me a more bullish bias in the next few(2-4) weeks, if we are to see a break and daily closure above the $.325 resistance. If that occurs XRP would continue into the $.35 weekly resistance level with a possibility of the $.385...
What a wonderful 4H double bottom on the usdcad pair. After breaking out and retesting the 1.3300 level at the 50% retracement level, I was triggered into a Long position. This is a high R:R setup with a 45 pip stop targeting the 1.3500 key level initially for 180+ pips.
Looking for a retest of the 111.50 support level after breaking out of the 4H trendline resistance. From there a break through the 112 resistance level would likely lead to a continuation to the 112.50 and 113 levels in the next week .
Trade Update: Short setup on GOLD triggered in after rejecting the $1310 level which aligns with the .618 retracement. For Now I have locked in a profit as I continue to trail the position into the $1290 target region.
ZRX has been in an accumulation phase, with majority of other ALTS for the past 3 months, and now primed for public participation to pump higher. If ZRX breaks above, and establishes support, at $.28 I believe that It would surge higher. If that is the case, $.30 then $.34 should be met over the next 1-2 months. Not too get overly excited but if we see sustained...
Despite the bullish sentiment among traders in the cryptocurrency market, although we have seen some great upside movements, we are still approaching a major resistance region. As we are battling the $4000 level and soon approaching the $4100 region, I am not sold on the bullish bias until proven otherwise. If BTC tests and rejects the $4100 region I believe It...
BTC closed yesterdays session with an inside candle on the Daily, as we are forming a pennant pattern on the 4H timeframe. I believe these are the 2 most likely scenarios moving forward if we are to see a breakout today/tomorrow. A break of the $3930 resistance then I believe BTC will continue into the $4200 resistance region. If we see a 3rd spike to the $3900...
What a waterfall on GOLD , after pulling back another 80 pips yesterday. Gold is now sitting at the $1288 level which aligns with the 261.8% fib extension. I am expecting consolidation before continuing lower into the $1280 region...which I believe will finally act as support for Gold . If that is the case I will look for long opportunities to retrace higher...
What a strong day for BAT yesterday, at one point up close to 20% before pulling back and closing up 9%. As shown, BAT did come just shy of the $0.20 level, and the 0.27 fib extension. So far today we did continue to pullback but are finding support at $0.17 and getting bought up into the close. I believe further upside is possible over the next few days, if BAT...
After a rejection of the 1345 monthly resistance level we have retraced majorly. With a break of the daily trendline support level, we broke to the downside with great momentum trading into the 1300 key level. I am completely out of my short position now. Although due to the strong bearish momentum we could continue to the 1290-1288 region next week.
Golem held the weekly support level at $0.055, forming a potential double bottom. If GNT can see some buying and a break of the $0.08 neckline/resistance level, I believe further upside may follow. If that is the case I will target the $0.09 and $0.10 levels, which align with the 0.27 and 0.618 fib extensions.
After another volatile day we have remained pinned tight on the $3800 price level. Yesterday we did a spike to the upside before rejecting the 0.382 FIB retracement. For now it is best to stay patient while in the tight hourly trading range. If the $3750 level is lost I believe the downside $3600 and $3500 levels could be met in the short term.
If we can see a bounce to the top of this expanding channel, I believe we may see a further breakout to the upside. If the $0.269 pivot is broken, with a daily closure above, the upside $0.30 and $0.32 levels will likely be met in the medium term.
As BTC is consolidating under the $4000 level and the on the 0.618 fib retracement, it is possibly forming a 3rd Lower high. If this is the came and we continue to consolidate before breaking to the downside of this daily pennant pattern. Then I believe we may be forming a new leg to the downside. Which would result in the $3200 region being met in the short term....