FranciscoBento

FranciscoBento Updated 

As we can see from the chart the price is currently at the top forming the double top pattern. We already have some signs of rejection at the level with shooting star candlesticks on the dailychart. Can we be facing a big downward movement? We will see.

FranciscoBento

I really like this setup. The price tends to respect quite the trend line. We are now reaching a good level of resistance and 61.8 weekly fibonnaci, however, that impulsive candle is leaving me with doubts. There is not much confirmation to go short in this trade. For now we will wait until we have a confirmation of trend reversal (rejection of that level for an...

FranciscoBento Updated 

As we can see in this pair, the price tested several times the resistance level identified and fell several times. This level already has some time, so we can consider it as a fairly solid level. After the sharp rise we observed in the chart in recent days we expect a price correction down to the trendline. The RSI has overbought so we have one more signal to...

FranciscoBento Updated 

After the follow up we have given to this pair over the week we got to the point we wanted it. The resistance zone is being tested in big time frames and in H1 we have a shooting star formed at the top of the trend. This means that we can be facing a reversal from bullish to bearish. The RSI is overbought in almost all time frames, that indicates that price could...

FranciscoBento Updated 

After identifying this support zone, we emphasize that it has been tested numerous times previously and in the H4 chart it presents sale signals. MACD gave the cross and the price tested the support zone, rejecting it. I think it's a good time to open a short position.

FranciscoBento Updated 

The formation of this triangle in the 1D is evident, so I think the price will test the identified support zone and should come down. Let's see how this reacts to the zone and eventually open a short position. This is my analysis. We only open position with bearish confirmation.