finbits

finbits

BITFINEX:EOSUSD draws Cup & Handle pattern. Can reach 2$ after resistance breakout.

finbits

WAVESBTC draw inverted Head and Shoulders pattern. Potentially can grow up to 0.0011 if it breaks shoulder line.

finbits

That is why i think Ether will soon beat bitcoin in capitalization: 1. Market cap is more 1Billion$ and it is growing. 2. Infrastructure of smart contracts (custom logic above blockchain technology) involving startups and big corporations (Microsoft, UBS etc.) 3. New opportunities for companies wanting to use advantages of Blockchain technology in their businesses...

finbits

It looks like H&S pattern is forming on H4 timeframe. Possible entry points: 1. Near 1.1250 after test of middle Bollinger band and reverse. 2. Near 1.1122 after breaking shoulder line and last minimum. Target 1: 1.1048 (38.2% Fibonacci) Target 2: 1.0950 (50% Fibonacci, 200 SMA)

finbits

I see possible start of the correction in EURUSD. RSI(3) is overbought and has a divirgence. Hanging man candle is formed - possible reverse signal. I suppose that profit area is between 1.1060 and 1.1000 (50 - 61.8% Fibonacci levels).

finbits

Head & Shoulders pattern is possible forming on EURUSD. Is it start of correction?

finbits

Gold falls from last peak near the 200 day SMA, I think next goal is near 1093 (61.8 Fibonacci level). It confirms by few other indicators: 1. Bearish divirgence in RSI(3) 2. Bearish engulfing near the upper Bollinger Band My recommendation is to sell with TP = 1090 and SL = 1128.

finbits

Gold may test 50% and 61.8% Fibonacci levels from last rally in 1-2 days.

finbits

XAUUSD is testing last maximum level, if it goes upper, the next resistance will be near 1200, but now I'm waiting for a local correction to the middle of Bollinger channel in next 2 days. RSI(3) indicator that shows overbought near the upper Bollinger band confirms it.

finbits

Bullish engulfing formed on FX:XAUUSD monthly chart near the lower Bollinger band. Price can test 20 period MA, and then monthly trend line near 1180. After that it can revert and test 200 period MA in few months, and there might be a bottom of the downtrend. According to some historical observations , GOLD is bottoming in the years of presidential elections...

finbits

Guess it is possible to get 15-20% gain here in less than 2 months. The Bearish ‘Bat’ pattern is forming, point D can be near 16. Bullish Harami near the lower Bollinger band can be treated as a reversal signal in a short time trend. Point D is on the way of 200 day MA. A positive gold seasonality from the end of December till the beginning of February...