🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone and broke the Ascending Channel. . 🔸After that, it has consolidated on a corrective structure for some days and finally broke it last night. We have posted an idea some days ago explaining that we were waiting for a breakout (you can check it on our feed). . 🔸Now, we consider that it has potential...
The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current...
Gold H1 - Saw a heavy gold selloff yesterday after rejecting that double top resistance. Caused a break of trendline and a support break too. A potential retest of resistance at 1953.00 could see us gear up for a possible second wave downside.
BINANCE:SUSHIUSDT is forming a nice global descending triangle. Usually, this is a continuation pattern and in the case of SUSHI/USDT, the price should break the bottom of the triangle. There is number of reasons for that: 1) The Sell Zone on the top $2.39-2.51$ which is combined with the downward resistance line 2) Multiple checks of the bottom of the triangle...
The bitcoin price BITSTAMP:BTCUSD broke above the horizontal channel. However, the volume does not support this breakout. The price is aiming to retest the level of $11,100 as a new resistance level. Trading plan: If the price will continue to increase while the volume is decreasing this will confirm the false breakout and the fact that the price is driven...
Situation After the last analysis, we pumped from 0.618fib. Right now we have already pumped by 20%+ and if you don't have a position, you are probably wondering what to do. Trade If you longed at around $360-$370, there is no worry. You can probably take some profits and hold until $550+ If you have an early short, you may be in serious trouble. We are only...
🔸 4H CHART EXPLANATION: . . 🔸Price has been a little choppy for the last weeks, moving aroung the Resistance Zone without clear direction. . 🔸Now, it has broken the Ascending Trendline. . 🔸We consider that it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Price hit the lows of the day and is currently at 4H Demand Zone. I am expecting a reversal from here and will target the 5 mn supply zone which could act as a future resistance since it was a former support. Trade at your own risk
GBPUSD H1 - That big 1.30 handle is back in sight, seen some big GBP corrections today, GBPJPY also nearing resistance level. Could see some rejections from this price level.
🔸 DAILY CHART ANALYSIS: . . 🔸Price has broken the Ascending Channel. . 🔸We observe that just below the Ascending Trendline of the channel, there was a Major Support Zone. We were waiting for a break of this zone to the downside before considering a short trade on this pair. . 🔸It did not happen, instead, price is inside the Ascending Channel again after boucing...
🔸 DAILY CHART EXPLANATION: . . 🔸Price has been a little choppy for the last weeks, moving aroung the Resistance Zone without clear direction. . 🔸We are waiting for the breakout of the current structure before considering any position on this pair. (Remember, trading is about reaction not prediction). . 🔸In case of a breakout to the downside, the bearish target is...
Based on the 4H timeframe, COINBASE:ETHUSD is forming a nice and solid long setup. The macro picture Starting from March 2020, ETH is in the upward trend. In the past, this trend acted as solid support and so far it remains as a good support level. However, from the price level of $489.38 the asset experienced the downward impulse wave that was accompanied...
Looking at SNAP it's been gaining some steam in the past months, Seeing more than 200% gains off the March lows. Not only that, but arch-rival FB has been in hot water all year and there's concern about their business being broken up to prevent monopolistic practices. Is this an opportunity for SNAP? Is this an opportunity for you? With that being said, a strange...
A small bearish pip gain. Like if you agree.
🔸WEEKLY CHART EXPLANATION: . . 🔸Price bounced at the Confluence Zone between the Ascending Channel and the Resistance Zone. . 🔸It did a strong downside move breaking the Support Zone (now Resistance Zone). . 🔸It has retested the zone again and we observe that was a strong rejection there. We consider that it has potential to reach the Ascending Trendline . 🔸 Will...
Looking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this. 1) Price/Volume and Price/RSI divergence. 2) This divergence occurring next to the important resistance zone of $22.90 3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9 Trading...
Get ready for Captain MRVL (Marvell Technology Group) to power your 5G future. With the launch of their OCTEON 5G infrastructure processors and already in production to deliver to the top 5G infrastructure providers globally, MRVL is set to fly. Check out the breakout from the All-Time High (ATH) with volume. The BULLS are in on this one, are you?! This is a...