Lavish_Jindal

Lavish_Jindal

I was looking at bitcoin dominance today with respect to the altcoins. As cryptocurrency traders, we trade with respect to bitcoin not USD, what we want in the end is more and more Sats. So, here i see few bearish signals which is showing us to move into altcoins on bigger timeframe, as it is time to gain more sats than usd: 1. If we count the wave structure, it...

Lavish_Jindal Updated 

Ravencoin is a good fundamental project also it is quiet decentralized(very less left as of now) there are individual miners which are mining RVN, and when miners especially individual ones are joined into mining a coin you have the idea that it's not going to fail or is a Scam. Even Raven had no funds raised or premined and is a working protocol. Looking at the...

Lavish_Jindal

Hello Traders, today's daily candle is showing us that there is a good price drop in natural gas , but the volume isn't the favoring the price action anyway which maybe an indication that this could be one of the last sells left in the current trend, yes there can be more sells we must remain open to that but currently the move isn't supported by the volume and...

Lavish_Jindal Updated 

Crude oil is in an rising channel which i have highlighted in the blue trend lines, there are several confluences near 58.60 range which i would like to highlight: 1. It will reach the top of the current rising channel at this level. 2. If we take trend based fib. time zone it is entering a new channel which can easily change it's trend as we have seen in the...

Lavish_Jindal Updated 

Gold is in an downtrend, but after every downward impulse we look for an correction in the markets. If we look at all downward impulses made by gold since it's recent high they all were ~5%. Secondly if we look at candlesticks the pattern is showing multiple hammers which is a sign of strength, showing more sells are getting rejected and also add on to the...

Lavish_Jindal Updated 

All of the major momentum indicators are in overbought zone, volatility is decreasing a breakdown could be coming very soon we can look for a short setup here with an SL of few points above the 2.95 levels, targets are on the chart. Remember before selling that natural gas in an strong uptrend for coming months, winter is coming. If today's candle closes above...