Hello World again, I have posted the XBTUSD weekly analysis, that what i am thinking for now about the market. if we look ALT coins for past 2 weeks so all ALT's are showing their strong upward movements except major ALT's and if we look XBTUSD so it is also continuously moving upward side few weeks without any strong correction yet. And now BTCUSD is trading...
We can expect a high sell probability now in the market and it's available also for tomorrow, Please share with me your thoughts, Have a nice day
Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
$SPY looking weak and with COVID-19 resurging and fears of future lockdowns. I think this calls for a pullback. This week all the way into next week.
Happy we are, today our target just hit by Mr Price. Mr Price is still in an UP TREND moving, and has consolidating in STRONG RESISTANCE AREA. How about BUY NOW..? I do not recommend, bro.. I think Mr Price will have two scenarios. Climbing up into our SELL AREA and then falling down. Like usual, I like to create a trap: SELL LIMIT with SL at 121.260 and...
According to Eurusd technical analysis: There is no change in my view towards the EUR/USD pair, as the general trend is still bearish and the recent attempt for a bullish correction has been unsuccessful as long as it did not hold above the 1.1000/ 1.11500 psychological resistance. Approaching the psychological support level of 1.0800 - 1.075 continues to support...
Thank you for your likes! Really appreciated! Thank you to share with everyone in the community. ___________________________________________________________________________ The market is trapped in a range . Wait for a break of the support/resistance. The resistance has been tested several times . this has increased the probability of seeing a pullback...
The market has been rejected several times along the bearish resistance line. It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions. Beware of the resistance which could be tested again. To lookup: - Volumes confirming that we are in a long run down. - Pullback on the resistance blue...
Hello everyone! I will keep it compact: 1. Strong resistance level 2. Rejection wick 3. Creates a lower high at smaller time frame 4. Broken trendline = WON... If it does not break the trendline then you need to have a little more patience :) I hope you like it!
A bit of a rare sector to buy at the moment, but there is a very strong area, perhaps a pullback or trend reversal, yet a position with a high probability of reaching the 46 zone The take profit: 46 The price to buy: 30 - 31 The Stop Loss: 25.50 Prob - 3:1
CTXS has risen with momentum to challenge its previous all time high resistance level. It is currently in a retracement that has been triggered by High Frequency Trader selling. Support is weaker at this price level.
CELG hit a strong resistance level after a 3-week momentum trend. This resistance is strong. The consolidation has Professional Trader footprints.
AMD has confirmed its breakout to test the previous yearly highs of 2000 and 2006. These highs are very strong resistance.
The EUR/GBP pair is currently in a downtrend in the 4-H chart making lower lows and lower highs. It is currently consolidating below the critical resistance 0.87940. Hence we expect the pair to be bearish for the short term.
* Short term (Few hours-26/08, including Sunday weekly closing candle and Monday reaction): - We are right below the 4h and 1h clouds testing, also right below the sma200 - all this at the 10100-1215 zone, rejection will cause pull down below the symmetrical triangle which will mean that we are going to test the 9080-9480 again.. - Succeeding in overcome the 1h...
Crude oil ended its near-term bull cycle at the highs of $60. It completed it 5-waves and also its wave a and b in the corrective structure. Now the wave c which was on the cards has come to play with the formation of evening star pattern at the critical resistance. Hence, we expect the oil counter to move down to the mark of 57.08.
The counter is in a strong bearish trend making lower highs and lower lows consistently. The recent surge in the counter can be attributed to a bearish flag pattern. Now, the counter is in a confluence of resistance points - flag and trendline resistance. Also, the RSI indicator lurking below the overbought zone. Hence, we expect the pair to move down from here.