CADJPY - Potential Short PositionPlease give me some feedback and let me know what you think.
Multi time frame Analysis
1D time frame price is in a strong Downtrend giving a Short Bias
1H time frame price have retraced back to Fib Zone and bouncing off 50EMA and RSI is less than 50% signaling weakness
Emabounce
ETH Looking Sneakly Bullish?My Fellow Crypto Traders,
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Analysis:
RSI signaling upward divergence, w/in a bullish triangular formation as eth makes higher lows. Moreover, EMA's are converging, which could show some signs of support or possible further manipulation. Therefore, could see a breakout of micro-triangular formation into a macro formation in which a good entry could be @ re-test of pivot.
200 Day EMA Bounce Will Happen This WeekAlright, buckle up because this could get interesting. As you can see there is a massive falling wedge leading right into the 200 day EMA line. The last time $LINK touched the 200 day EMA there was a 10.5X spike. I'm not saying we will see those gains this time but I do believe that a big spike is around the corner. I do expect price to fall a little bit more over the next few days. I will start accumulating SLOWLY now. DCA my way into this trade. We should see price in the $1.60 range and then a big spike is around the corner. Everyone is kind of discounting LINK as a scam coin right now. We have the chance to get in before the hype comes back around.
*This is not financial advice. I am not responsible for any losses of money.*
bfr - W Bottom ema bounce triggered in with 200ema bounce on another W bottom lets see how this plays out could be good