Dailychart
Can we touch ATH of ZIL in Few Weeks?As you see in the chart we have strong ascending channel in daily time frame, we can see that price has reacted several times to the midline and top and down of the channel and make it reliable, in case of strong Rejection by Midline marked as number 4 eliot wave , we could be hopeful that bullish continuation will touch top of the channel and also hit the ZIL ATH in a few weeks.
How to be prepare if Bitcoin make correction toward the $24,300?At the moment, I'm bullish in Bitcoin, but I can't to guarantize you if you see in H4 timeframe that we drop another 3.11%. So, that it's so normal, but in some ocassion people did make to sell Bitcoin or put in short position. That it's the way incorrect when we are in the bullish trend.
But looking in H4 timeframe we see a good support at $28, 420 USD that in the past 4 hours was break down without any confirmation. So, at the moment, we would need to still pending one thing in H2 or H1 timeframe if Bitcoin have possibilities to another drop. But I believe that Bitcoin continue up because the trend it's so bullish and my next target wil be the $30,000 USD exactly.
For you, I reccomend right now to put a break even exactly at $27,000 USD to protect your earns from $26,300 USD, we are in good profit earning money in the cryptocurrencies.
Now, Daily chart it's important because we see that Bitcoin still bullish and today that was a little correction of 3.11%, but I believe that Bitcoin have more potentail to continue up than drop.
Now, at the moment, Bitcoin it's above of the manipulation key at $28,420 USD, so it's very important for Bitcoin to still this support key.
Don't put any short position or closed up any long position, please keep the trade becuase Bitcoin still bullish
Next Target for LTCUSD is 182.00LTCUSD broke blue trend line. LTCUSD immediately retested trendline on next candle. LTCUSD broken horizontal line at price level 95.00. LTCUSD retested horizontal line with a rounded retest. LTCUSD hit target at 138.37. (Kraken Price Chart)
Note: Zoom out to view entire trend line.
Note: 95.00 Price Level is from Monthly and Weekly Chart.
GBP JPY - Brexit yes to 145+Outcome for a Brexit 'Yes' vote.
As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way.
We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks.
Using the fibonacci - we have our level targets at -0.618 to hit the monthly zone at 145.5 and our first target at -0.272 at 143.4 zone.
Provided the probability seeing further buying power.
We will see a huge engulfing candle.
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BTCUSD: Bears are chilling around the corner. My personal reading from the MACD and RSI is that we are going to face a slight time recession until the first two weeks of Jan. However, similar to early August a %5 to %10 decrease seems to be probable in the next few days. In my opinion, this is a great time for those who can take advantage of these slight oscillations and daily traders for the next 2 weeks.
ETHUSD retesting 500$ ? Last time we had a wedge on the 4h chart and it went bearish.
Time for an analysis on the bigger picture on the daily chart:
- closing candle below the 21 EMA.
- RSI touching on the 50.
- MACD crossing bearish.
Next support level is around 540$, but imo we can go lower to retest 500$ (ofcourse a big even number).
It's close to the green support line, would be a healthy touch before we go back up in the long run.
So are we getting into a potential buy-in zone?