When we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels. Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
No change in view. The share is overbought quite a bit, and also it shows clearly negative divergence. The candle stick patterns suggest topping patterns and we are supported by first GANN @ 225 area and thereafter 156.00. I feel we should see lower levels. and knowing full well how crypto's can move, it is fair to say we could reach $ 155-175 for...
GOLD looks softer and we have a negative stochastic currently. The support line is @ 2,170 and when broken will see lower levels again. Strategy SELL @ $ 2,170-2,190 and take profit @ 2,115. SL I feel maybe above $ 2,205.
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels. I would prefer with a positive stochastic, and also the room we have higher, to BUY instead. Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
The pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart. Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
No change in view. The share is heavily overbought, and the current topping candle patterns, and high RSI plus extremely high pricing above Keltner, plus the angle towards GANN resistances, suggest we will see movement back towards $ 143.00 GANN support. this of course is sloping each weekly little higher. Strategy SELL @ $ 255.00 - 275.00 and place SL above $...
We may move little lower near 163.00 before we will move higher again. The stochastic is low, but still may have some further to go, and the GANN support only lies around 162.67, which will attract likely the sellers. Strategy BUY @ 163.07-163.40 and p;ace SL below 162.47 for now. Profit order place it near 164.97.
I suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall. Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
It should be expected to have the occasional pullback. It has been a rough ride down, and shocked many that has been caught in the "bull hype". The mode lower by more than $ 800-900 was severe, and now I expect a range trade between $ 3,150 - 3,650 Ultimately we should see lower, and therefore would prefer SELL into rallies. Strategy SELL @ $ 3,500-3,550 and...
As mentioned yesterday, the pair is posed to move lower, and likely we may see 110.80 area. For now, stochastic negative. and we broke GANN support, hence we are en rou8te south. Strategy SELL @ 111.78-111.90 and place SL above 112.27, or keep yesterday strategy in tact. Profit order @ 111.07.
The pair has moved higher as expected, and now we are at a cross road GANN resistance around 18.9500 area. The stochastic is positive, but am not convinced for move higher as yet, unless we break through. I prefer to stay side-line based on the chart. Will update if there are changes.
The pair had strong run-up and now I feel we may be slightly over done. GANN support @ 111.55 area. I suspect movement back towards early 110.00s. Strategy SELL current @ 112.10-112.30 and place SL above 112.90 and take profit @ 110.67.
ETHUSD is trying to recover, but looking at the weekly chart and GANN, it suggest we will see another strong move down, is my personal opinion. We are still overbought, and the erratic movements, shows that the bulls are trying to trick everyone, whilst we have two hammer tops now. The stochastic is positive, but high area, and besides, it is turning currently....
The previous update worked well, and we did respected the GANN resistance very well. Now we are nearing the GANN support @ 18/6200 area. The pair is under pressure still and we may see a test of the GANN support. For now, it is a try-out BUYING near the GANN support with tight stop loss. Strategy BUY @ 18.6150-18.6350 and place sl BELOW 18.5800 and profit order...
The pair is starting to tired up here with trend line resistance 190.10 area. Stochastic is negative as well. Strategy SELL @ 189.70-190.10 and place SL above 190.65 and profit order @ 188.17 for now.
If one has missed ETH or BTC, this one is a good replacement to SELL. The RSI is very extreme still and we are too high above Keltner. Strategy SELL current $ 190-210 and place SL above $ 250 and take profit @ $ 140 for now.
No change in view. We are en route $ 3,100 - $ 2,800 corrective action. The first objective lies around $ 3,132 and then we move further towards $ 2,850 area after consolidation at the first stop. Strategy SELL @ $ 3,650 - 3,800 and take profit @ $ 3,180 for now. SL above $ 4,100.
I had updated on the SELL strategy that we violated the GANN resistance 18.7800 area and that it changed to BUY activity to see 19.8875 area as possible. It has moved further out. GANNs are useful for trading and helps to determine the support and resistance when we are on a directional trend. For now, stochastic is higher up now, and we have moved nicely...