EURUSD - Are the Monday bulls tired?Yes, probably.
Price has reached the top of the current ascending channel. Couple this with the bearish divergence shown on the chart above, shorting seems like an easy choice to make. Or at least taking profit at this area if you have been long all morning like I have.
The first target is shown. If the price reacts strongly to this resistance then it will be a good idea to close the whole trade there in profit.
And of course, to state the obvious... If price breaks above the upper end of this channel, then don't short. Obviously. That would indicate a good time to enter LONG ;D.
Bullish-signal
WPRBTC a good moment to buy a new coinThe coin looks great on the scale of the mid term time frame. Correction rollback has reached the level where the growth was last time, the 3-hour format indicators look very bullish and relevant for the upcoming upcoming movement, the price can fluctuate round 0.0000125. Breaking through the local resistance will let WPR to move up. Our targets are in the signal which was posted in the Premium channel. The range 0.0000110-115 looks like a good support zone. We will provide a free specifications for this signal in the Basic channel a bit later
XVGBTC Gartley butterfly is going to be formedThe coin is oversold according to various technical indicators, we took one of them to show you at the chart, it is Stoch RSI which is in a buy state now. Combining Ichimoku clouds with the rest indicators we forecast finishing of XABCD pattern and a huge bounce afterall. However XVG is a manipulated coin and the pattern may be broken, hence the growth will happen earlier.
EOSBTC A good long term opportunityEOS is a very interesting coin. We have been tracking it since June 2017 when we invest in its ICO. This project is fundamentally strong as its provide a scalable and decentralized solution. It is a new generation of cryptocurrencies which will be very demanded to build new blockchain apps. EOS is going to launch network and new tokens this summer.
We told that we provide you additional information when it will be okay to open long position. Currently it is a good moment to buy a bag of EOS for your long term part of portfolio
MODBTC a great mid term opportunityThe last analysis for this coin was about 2 month ago and we made a little profit. There is another opportunity to bust your portfolio. The price found support and an uptrend has started. The price went out of Ichi cloud, we expect a little consolidation before another bull run will start.
PIVXBTCAnother opportunity to make a good profit via this coin. At the 1-hour time frame chart the price touched ascending trend line and is ready to bounce from it. Indicators are positive and chart patterns are bullish. There is a double bottom formed right on the trend line forming a strong willingness of market players to see a higher price of this coin.
ASTBTC Three drivesWe found a confident breakout which started formation of Bull Flag with possible three drives scenario. Volume is rising and technical indicators are positive. We recommend this position for a mid term trade.
DASHBTC great fundamentals - great opportunitiesThe wedge seems like Bull's flag, however according to a deeper analysis it is 5 Elliott Impulse waves. MACD and HMA in a buy state, volume increasing. Moreover, fundamental analysis of this coin is also great: Abra has announced that it supports DASH now, NegocieCoins introduces Dash to Brazilian markets, Bitit offers many options for buying the crypto currency. We recommend this coin for a long term.
MUEBTC double bottom is formingVolume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
BTCUSD: Bitcoin The First Real Bullish Sign for DaysToday's price action has effectively created another double bottom over a 40 hour period - showing that loss of downward momentum bulls and HODLers have been hoping for. It's the first bullish signal we've seen for days. So we can look to add or follow the next break higher when it comes.
Right now Bitcoin is making a small continuation pattern but so far holding up off the nearest support line at 9150. It can be bought or added to once the upper small parallel is broken on upside with stops under the same line.
In very near term it can spend some more time consolidating and if 9150 gives way should come back to 9012-9000 - so stops on any longs can be raised to just under 9150 looking to buy back at 9012 if struck.
DOPEBTC a chance for a swing tradeThe coin will be overbought soon. Momentum (10), MA and EMA indicate bearish mood too. Hence the bearish XABCD is confirmed. The price will go down to the level of 0.00000600 which is at Fib 1 support level, in case of successful consolidation we expect a bounce which will start a bullish trend. Buy zone and first 2 targets are mentioned on the chart.
GBPUSD Potential Buying OpportunityHello traders!
I've spotted this buying opportunity here on GBPUSD which has been seeing upside ever since the October Flash Crash. The 1.25 area marks a clear level of resistance that price finally managed to break out of on December 1st with price accelerating from the 1.254 level. If price can manage to return to that 1.25 area it will likely act as support.
I will be monitoring price action to determine whether or not I will be entering into this position so be sure to follow to get those updates.
Good luck!