Since the push surpassing all-time-highs we have been correcting as expected. A correction was certainly needed and this is more evident when looking at higher time-frames. Within this current state of liquidation we are also reliefing.. If we break last daily higher low we can see potential further downside movement in the short term. If however we break the...
"Everything flows, out and in; everything has its tides; all things rise and fall" The Kyballion Bitcoin has been on a rollercoaster of late smashing through many all-time-highs coming close to 60K USD. As impressive as the big push to the upside has been we understand the market can't keep going up in one direction and a a correction is always needed. The...
XRP analysis - XRP is nearing a supply/demand zone between 0.35 and 0.40. It is important to understand that the altcoins are still coupled with BTC's price action which explains the recent price action. Since the wick rejection of the psycological level of 0.65 price has declined in line with BTC. If we receive a nice daily break of 0.35 I expect price to...
Considering the daily descending environment we consider the short term upside movement as relief. Since consolidating over the l;ast day we are breaking the last significant structure low. We can expect price to push down. Nice R:R if it plays out. Trade safe!
Crude oil has been bullish for some time now since the historic crash. On the wekly timeframe we received a rejection off the higher timre-frame resistance forming a bearish hammer. If price creates short-term higher highs we can expect price to push to the upside. If price creates lower lows we can expect price to test the structure point directed. trade safe
GBPAUD - Price tested the weekly resistance level again and since has had a big rejection off this zone. This indicates potential sellers coming in to play. We broke a respected daily structure but are yet to retest this. I will be anticipating a nice continuation play on the lower timeframes to take the short given enough evidence of bearish structure. For the...
NZDCHF since a nice bullish push in the previous week/s we have been in a corrective move with price showing rangebound movement If we break the zone marked and retest it we can expect price to revisit the recent highs. Trade safe. If however we break the bottom of the range the buys become invalidated . Trade safe Sunny
Price had rejected weekly/monthly demand zone. Price has since had a daily impulse and is since correcting forming a nice bull flag. If we are to break and retest the 4H via a valid confirmation we can expect price to test the tops again. It is important to note , we may still get further correction before push to the upside. For sells to be considered we have...
From a recent bullish run price has started to stall and correct as expected. We are now forming a nice bullish flag and can anticipate a buy setup given the opportunity. Trade safe
Price was indicating short term bullish action but the longer timeframes seldom ignored. Remember the larger timeframes are key.. We respected the weekly descending trendline from from recent bullish price action. It is highly correlated to dollar too so the weakness of the dolalr explains the recent downside movement. If price was to break the last daily lower...
Price is looking to reject the Daily resistance / Zone. If we see price break and retest the 4H support higher low we can expect price to push down. If however we see a break of the daily lower high we are indicating a shift in momentum hence we can target the upside move as directed. Trade safe
Sitting near demand zone. If we break the trendline and a valid continuation play occurs we can expect a push to the downside. If we get enough buy orders I expect price to push up. If we break the last daily lower high range we can expect price to push to the upside. Trade safe Sunny Kumar
I posted this last week - I seen a supply/demand zone holding and since this has been broken i expect price to push into the 0.65 Psych level. Let's see Trade safe!
Technicals are in favour for this pair. Failed to create lower lows on the higher timeframe. For a significant push we need 1.89 to break and then can expect a nice push to the upside. Nice R:R on this one. Lets see
For my XRP analysis to pull through we will need breaks of the dally lower high. Ideally above the zone to start a significant run. If we get the first break we will see price of XRPUSD hit at least 0.65 to 0.69 USD. Lets see Trade safe
Lets see how this plays out. Price had rejected the daily support and has since created higher highs surpassing previous lower high of structure. If price maintains a 4H retest then we should see price push to the upside.
AUDNZD broke out of major daily support levels over last week and has since been correcting with litttle momentum showing signs of deceleration. If we successfully break out of last higher low on the 2H timeframe will be looking to enter short. Trade safe, Sunny Kumar