In this technical analysis I share my current views on ETH/USD. I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
All info can be found on the chart. Feel free to DM me if you have any question!
All information can be found on the charts. DMs are open!
All info can be found on the chart. DMs are open!
Welcome to another in-depth breakdown of gold using technical analysis. In this analysis I will help you prepare for the following week using the chart above. I am suggesting a long trade set-up here on XAU/USD. In general gold obviously has a long bias since it's been rising nearly non stop on the larger timeframes. But there are short opportunities on the...
Here in this analysis I will show you a fractal that I've been looking at on the 1h for BTC/USD. This is a structure that has been forming over the last ~10 days. The price slowly builds up, after which it relatively quickly drops again. This is something I see now on BTC/USD that I recognize from my time trading stocks. It is very common to witness these kind...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. In the chart you can find a nice and clean trade set-up based on support and resistance --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. In the chart you can find a nice and clean trade set-up based on support and resistance --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It...
Make sure you enter this trade before the market closes. You only have 1 hour left! The price has bounced three times off the horizontal support of the descending triangle. Each bounce was slightly less strong, which denotes the characteristic of the triangle. The bounces were respectively ~4%, ~3%, and ~1.5%. Now that the triangle broke, we can see that bears...
On AUD/CHF we see a nice opportunity here for a short trade. The price has been nicely between the support and resistance zone. We can leverage this by trading a short position. The price is really close to the resistance now, which gives the best risk-reward for trades using support and resistance. If the price does break through the resistance in the end, the...
There are multiple very interesting things going on here from a technical analysis perspective. First of all, we find GBPJPY in a rising wedge. The support lines are getting closer together, and the price is perfectly staying within the lines. Soon, GBPJPY will break out of those lines which can cause a big disruption to the price. Many people are watching these...
What is important to realize here is that we first need to wait before entering this trade. The price is closing in on the resistance level, and we can simply wait and observe the behavior before entering the trade. Let's go through the two scenarios. 1) The Bullish Scenario. If the price breaks through the horizontal resistance we can expect a continuation of...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We can see a nice opportunity here for a quick scalp after EUR JPY has hit the horizontal support zone for the fifth time. The price has confirmed a rejection and looks to be in a temporary uptrend now. I suggest to put the take profit directly under the support/resistance flip...
Hi all, The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle. I expect the...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy ENJ and...
I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave. I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal...
For this LONG opportunity we will look at three parts. 1) Where should I enter my long? We can see that the price is closing in on an area with horizontal support. To leverage the support area, you should place a long limit order directly above it. We will bet on the fact that the price will bounce off the support zone and go up towards a zone of resistance. 2)...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be unexpected volatility, and there is not much historical price action to base your TA on. I am going to keep it simple for now and just share this...