This week USD going to be strong and this is happening from the beginning of the week, in the other hand we have an strong resistance level of 1.3149 and if USDCAD can breakout this level with the current momentum based on the price action, i wanna go for long at a few pips upper than breakout.
We also have support of indicators with positive signals
I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270.
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400...
There is a few weeks that i checking BitcoinCash and waiting for an opportunity to enter long term trade and i think, this is the buying zone.
Please consider that in case of the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Take Profit List:
The RSI downtrend is...
Full TP list of the ZCASH for long term investors
until 58.05, support is valid, uptrend is possible to happen. but ZCASH should break resistance at 91.30
In case that support at 58.05 is broken, this forecast is not valid anymore.
Why we think for a long:
1- Positive Divergence is a good sign of beginning of the uptrend.
2- A trough is formed in daily chart...
There is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90
wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone.
then set buy orders based on price action, candlestick confirmation is needed
long term opportunity with this clear data is not happening all the time...
While the price is above the support 64.45, beginning of uptrend is expected.
We make sure when the resistance at 109.10 breaks.
If the support at 64.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support at is broken, so the probability of beginning of uptrend is decreased.
While the RSI downtrend is not broken, bearish...
Well i think there is an available ABCD Pattern now, and will a huge retracement of this coin and in the other hand with a huge amount of investments and advertisements in the crypto market regarding this baby coin, i think there is an opportunity of AB = CD pattern completion.
The other reason is Fibonacci retracement to the 76.6% level and this is a good...
Reasons that i believe Bitcoin Short Term Drop:
1- RSI on D1 Timezone is showing 80.000 means that there is a huge overbouth happened on Bitcoin and every time that RSI touched 80, there is at least 30% drop happens after that.
2- ABCD Pattern now 70% completed.
3- After this huge jump, bitcoin needs a retracement so it can confirm support level as an strong...
With a reference to yesterday funds and volatility, i think so many traders hit stop loss and today i think EURGBP cannot pass from the Keyline because no more strong available in buyers of the market.
So i go short position on EURGBP