Bull (High Probability): 1. Target for Minor 3 Wave of the Medium 1 Wave of the Major 2 Wave = ~500 USD --> Round number + 0.236 Fib of Minor Fib + Symmetrical Triangles --> Almost Oversold on RSI + Support at cloud + support of second triangle Bear (Low Probability): 1. Broke through the 3rd fan (minor). 2. Broke through the support of second triangle? - M.L.S.
Fitbit is having a he*& of a year. Holy buckets. Holy fire sauce, IT'S HOT! With a kid friendly watch (which I hope Mrs. Obama has invested in) and more hot gadgets on the way, Fitbit is in my opinion, looking for the $15 mark sooner than later. Chart wise: Consistent curls (purple), with minor drops (blue teal), and quickly rising (green arrows). It could...
SPX500 is approaching its resistance at 2802 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizotnal swing high resistance) where a potential reversal might occur, causing price to fall to its support at 2675 (horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
The chart is self explanatory. I don't expect a recession; over-all economic health seems good. Although a correction is possible. A small high leverage position could be very profitable in the upcoming month.
GBPJPY 2618 price have tried to break above 156 double topped then broke structure to the downside 61.8% fib retracement. 146-148 very strong support but if Cable depreciates and geopolitical tension push investors to the safe heaven assets we may see huge profits and huge moves in that pair. GOOD LUCK
We are at a clear resistance here, place SL just above the resistance, and let the profit run till the next yellow line. Good risk/reward ratio for a short here.
Price has moved into area I marked out as a potential shorting zone. Ive waiting a week for this I think we have it today.
I know it's not easy to believe that Rep will hit approx $500 in Future ? Right. What if you can even bet that on Augur prediction platform ? it's for real. There's only 11 million Augur Rep in supply for a reason, to boost the prediction market. I've already tested out there platform and they have super strong team of developers to make it possible. We've...
I've already included the reasons as to why I think it will be coming down but I will still write them here as well: Reasons to Short: 1) Double Top 2) RSI Overbought 3) RSI Bearish Divergence 4) Tweezer Tops The reason why I think is coming down is that in the bigger picture we're looking at a flat correction where legs A, B (98%) have been formed so we'll be...
As an update to my prior published Chart of LTC Christmas!!! The current pattern/trend appears to be holding STRONG! I would go LONG and recommend buying while you still can...opportunity is closing FAST! At this current UP-Trend; if it continues to HOLD; we may miss opportunities to buy again at these current $300.00 price range for LTC? We could easily see a...
BCHUSD This short back to 1178-1123 range was going OK until that horrible spike around 19.30 GMT which stopped us out for rather sad 110 to 160 point profit when there was so much more downside left here. Still, we went long again at 1178-1123 range with a low at 1125 so no stops were hit in the final flush we were looking for. Sadly, have been so caught up in...
A key to understanding my bullish stance on Monero is the activity going on in the community paired with the fact that Monero has not been easy to get involved with as other currencies, poor user experience required slightly more technical setups than other currencies. Monero Hardware wallets will exist soon with groups like Ledger labs announcing they are working...
UPtrend channel. Nearing lower limit of trand channel.
Not a good day to buy ETH imo. The correction must be completed. Some possible entry points: - 280 - 240 - 205 Have in plans 500-600 usd per ETH in the middle of summer. Trade carefully! Wish you luck.
Let's continue with the Daily Chart. I know, I know. Waaay too many lines. Don't worry, you'll get it. So, we are looking at the year 2016 up until now. You can see that since Trump's victory in last November price can't be stopped. Technicalwise, it can be clearly seen that the ups and downs were formed like in the book. Now, the two red lines show that the...
Hey Everyone! Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart. As you can see SP500 has been on a good track of going higher and higher since the 2008 crash. What we can see is after the 2009 dip it has achieved ATH's day after day. Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't...
AUDUSD broke descending triangle on daily time frame, in H1 it is forming a wedge break below will confirm the leg down towards .73000 area which in confluence with 78% fib and daily triangle's target. It may retest the H1 wedge's resistance before moving lower or break it and fall. Non pay farm payroll ahead......HEDGE YOUR RISK PROPERLY..
On average every ~6 months, S&P500 moves down through the EMA200. It means April should give us strong move down in SPX.