infinity trades EURUSD Beautiful example of a descending channel formation, using the Daily confirmation coming off the re test of the channel low we can see a clear indication of buyers in this market how ever going against the current direction of the bearish market we will need clear confidence in bullish momentum to insure this currency reverses its current structure, if we do gain a long entry we will be assessing TP1 for a potential continuation trade as to where we could enter a short entry and trade the bearish continuation which has more probability. Depending on the market conditions at the time this will determine how we approach this set up.
SALE
infinity trades EURAUDAnother great potential to trade the h4 support zone aligned with an ascending trend level also this bias goes hand in hand with our EU mark up and it also shows potential to trade the bearish structure again mirroring our EU set up. Excited to see how both these pairs run on the open market.
Moving aheadAt the moment, our pair is confidently advancing downwards to the annual minimums and is ready to update them. Despite the numerous statements made by the representatives of the Bank of England on the strengthening of the economy and raising the interest rate.
The pair could not hold above the mark of 1.30 and headed down. Our technical indicators point for sale. Therefore, we advise you to look for points to enter short positions and expect the pair to set new annual lows.
Bitshares on sale today!There's a lesson to be learned every day! For me the lesson is: always "cost average" into a position. I was too lazy to ladder in, so I bought at the .618 retracement, and unfortunately we dipped deeper.
Putting it more correctly: unfortunately for me, because for those who didn't buy Bitshares is on sale today! We've briefly dipped below the long-term support trendline, most likely to go to the .886 retracement. Given the low low low RSI's we're seeing on multiple timeframes today.
I think you need to be blind not to scale into BTSBTC at the moment so if you ask me: start accumulating, and set your stop loss right at the 100% retracement, then move up the stop loss as soon as price goes up for a free trade.
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Ethereum Sale at $630? Run the Long Race. Daily rsi is under 30 at 27, but I can see it going a little lower. Strong support line about to be tested again between $620 and $640 in the coming few days.
Even at the $555 low (on Feb 6) did not have such a low RSI . However, the reason why I'm bullish on ETH for the next few months is because of the sexy weekly STOCH RSI , which by its nature responds faster to price changes than MACD does. It's about to turn up, which will make the next month interesting. It's important to keep track of the bigger picture because while we might be scared now, ETH could hit a new ATH -1.10% before you know it. So accumulate.
In the meantime, I've been swinging VEN 0.00% with a portion of my stack, which hasn't dropped as much compared to other alts. BITFINEX:IOTUSD is one alt that has been hit really hard, so it could be a good coin to transfer ETH into, if we hit $630.
Peace~