The price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the...
Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the
extended target would be 135.00. We can set...
Falling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our...
Got rejected around .618 Fibonacci level.Is this rejection will hold the bull market.Before that we can see
minor double top pattern. The fear and greed index for BTC is still below the 15 level.As Fibonacci principle
Our primary bullish target would be 42400.00 which is 1.272 level
Wednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
After the weekend selling BTCUSD managed to back above 50k which is a hope for the buyers.If the current 4Hr candle close above 51k BTCUSD will be more bullish.As its coincides with the trend line support
Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major
resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the
5th Elliot wave is underway.The lower side trendline adnd 108.00...
The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk
reward ratio.Rejection around 1.57000 and support around 1.52500
Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500
*Price-below price action level
*Price around point of...
Elliot wave analysis
The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD...
Since start of this year the shining metal has loses its shine as its started to fell off from the 1960.00 which is 400 pips below the Major key psychological level acting as strong resistance for the bear.
We can see the longer term downtrend channel formation since January And Gold is unable to break this downtrend channel formation.
⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
Key points 💬
1️⃣Positive USD and strong DXY
2️⃣ AUDUSD Head and shoulder pattern
3️⃣ 0.78000 Acting as strong resistance
4️⃣ 0.80000 Major upper side resistance Key reversal area
5️⃣ 0.76250 March low- Barrier for the bear
6️⃣ Rising of Virus...
Was trading within a range only the range was around 300 pips from 116.00 to 119.00.
From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00
Sell @ 116.500
Take profit @ 115.100
Stop lose @ 116.850
YFI is an Etherium token that governs the yearn finance platform. And the current market cap was around 84 Million in Indian value. The price of the YFI
will mostly correlate with Etherium classic,cardano and steller lumens.
We have identified triangle pattern in YFI as the weekend traders will try to push the price lower towards lower side of the trend...
After reaching the 2021 high around 1960.00 a bearish engulfing pattern has triggered further selling of gold and its reached almost 1820.00 level And managed to thrust above the 1850.00 level and since starting of the January its felled and traded in a confined range from 1803.00 to 1870.00.
The stimulus talks in USA is another reason for the 2020 year end...