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We have TL4C formation. Right now very strong momentum to the top. 13008.9 target will be archived. We have support on 1277.1 which was confirm by black candle on aug.6. 16:00.
Price is trap between 9781.4 and 9403.6. If last candle will remain above 9781.4 then perhaps, we will see more movements to the top. At this time do not make any move.
Just observe the chart. After price break through 9,781.4 we will have 10,000.0 resistance level. Momentum just slowly rises above neutral zone but be caution.
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Good morning Traders,
Price has hard time to move higher then 10515.0. candles are very small, and signals are weak.
There is divergence which is positive reversal. I think if you observe the market on lower time frame it could be price explosion.
But don’t take my word for it. Observe the market.
Very interesting situation on LiteCoin. This is very unique situation where few formations confirm same incoming price direction.
Momentum remain on strong side of price changes, but Divergence shows incoming correction and three TL’s confirms that as well.
In the next steps if price break trough line 0-4 then we will have strong price rise up to resistance...
This is the latest situation on BitCoin. Finally, we can see stronger moves that price makes. Price just break trough TL and now we are waiting for the price to find level of 8000.0 as a support,
if this happen then price will rise higher. The situation will clarify in the next couples of hours.
First target 8291.4 and the second one 8654.0. on...
This days GBPAUD is best pair to trade from EST time zone. Around 8:00pm most of the time we can observe how price smoothly rises or fall for the next few hours.
This is like open position set the target and wait for profit.
I love doing trading!
We have divergence but be caution, momentum remain very strong. Divergence are very peculiar signals, not always direct to correction.
SR 8000.0 was break and now price remain above 8000.0 (now is support and you can see on black candle, closed above that level). We on the way to next target 8645.0
Next resistance level will be around 8500.0.
At this time no...
Another target was hit. As you can see how precise target prediction works, price just stop right on the target 6108.0. Once again (just like I mention in previous analysis),
we can expect small correction, could be as low as 5625.0 but we have few support levels on the way down: 6000.0, 5900.0 and 5800.0.
Momentum remain on high level ( as long...
Finally, the price reaches our price target 5720.3 in slow motion moves. If the next candle will close above that level, then we will expect price move higher.
But if not, then we will see small correction due to the fact that momentum is in extreme levels.
Support levels: 5600.0, 5513.0 and zone between 5400.0 and 5336.0. We will wait for turn point to be...
Price remain above 25% retracement – momentum is very strong to the upper side, and price is getting ready to burst again. Last side move lasted 180 candles – this time we have only 60. JP SPECTRUM continue to show momentum reaching lower limits if the price will go higher. First target is 5550.0 is only 271 dollars from actual price level and on...
At this time price remain on the support zone (just like I did explain in the previous analysis). Rising momentum bias remain in place.
If momentum with rise higher and price will break trough Trend Line with strong candle, then we will have early signal for long position.
Next 4 hours should clear situation.
Its 6:40p EST or 00:40 CET. We just hit first target 5269.0 and price is rising. Just like on previous analysis we got very strong uptrend bias. Now we are waiting for price to get over the resistance on level 5312.0
Net target will be 5389.0, if candle that break trough that level significantly close above that level we will see price rising to...