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Ethereum Classic VS Bitcoin CorrectionEthereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up. ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established. On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
Long
by CryptoPAMM
6
INS Ecosystem Correction UpINS Ecosystem found the bottom at $0.52, that has been tested on the 12th of June. There INS/USD formed a double bottom and rejected the downtrend trendline as well as 127.2% Fibonacci retracement level for the second time, suggesting that the bottom might have been reached. Today price has been going upwards and broke above the 50 Moving Average. Perhaps this is the first strong sign of a potential upcoming corrective wave down, that should result in a growth towards 88.6% Fibonacci retracement. This is $0.9 level, which corresponds to the previous support formed back in April. Break above that resistance would most likely result in a growth towards the key psychological support at $1. If INS will managed to break and close above that price, it could mean the beginning of an uptrend and not only a corrective move up. On a downside, if INS Ecosystem will close below the recent low at $0.52, the bullish outlook should be invalidated, resulting in a continuation of a downtrend or the beginning of a consolidation phase.
ILong
by CryptoPAMM
1
Possible Sideways Movement for BTCFirstly, I apologise for the black lines on chart, just easier for me to black them out instead of redrawing them later. There seems to be a fairly large sideways channel (in orange) formed when I draw a couple of FIBs. There does seem to be a bit of support at $7,400 and resistance at $7,700, with only very slight breakthroughs on either side. BTC looks as though it is trying to break that resistance, having had a couple of goes at it, but no real strong rally to punch through. If this happens again, and fails, we may see BTC drop back down to roughly around $7,000. This is also very close to a support line (in red). If it does go beyond that, my estimation is mid $6,000. Conversely, if we break the $7,700 resistance, the next target might be around $8,000. This may be possible as there seems to be an ascending channel formation, as long as BTC bounces off the yellow dotted line support. I'm still staying fairly neutral here, as BTC is sending out some mixed signals. Trade safe and DYOR, everyone. This is only my (fairly ambiguous) opinion.
BITFINEX:BTCUSD
by Curdled_Jelly
USOIL: WTI June 3 Trade Points For Week AheadWTI USOIL: June 3rd Trade Points for Week Ahead Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week 1 pip below the next key support at 65.55 - and busted out the long stop just under 66.47 for a few pips loss as it fell, before a little bear closing at the end of the week to finish at 65.69. This price action has left WTI on a knife edge, saved by the closing bell at the downside limit and in desperate need of buyers right here to avoid a another plunge to 61.92 initially. Any fall below 65.40 can be shorted using a stop above the 66.48 line to begin with looking for 61.92 initial downside..Any subsequent fall below here will signal further weakness to 60.21 and later to 58.25 as we move through the summer months Looking at upside potential from here, the 65.55-65.50 level is critical to the medium term trend. Bulls know full well this is their last stand for the summer ahead. It may well try to rally away from here but am not looking to buy it again after the pattern it's made since the last rally attempt. But it may tempt contarians...in which case please use a stop only 10 or so pips under the lows of last week and be ready to reverse short if broken. Am hoping for a good break lower here - but it may defy us a while longer yet if it can find some respite right here. If so, be prepared wait a little longer still or perhaps consider setting an alert
TVC:USOILShort
by sumastardon
1
XRPUSD Ripple: Take nearterm Profits/Next Long Set-UpSaturday Update Take Profits/Next Long Set-Up Ripple has had a nice break since busting the neck-line and is now testing the first line of reisistance at .6493 It really needs Bitcoin to break above 7735 for it to power ahead from here to the next resistance line at 6921. Can take profits here and get ready to go long again once .65 is taken back by the bulls and then join again with stops a little below the same line once broken. 11:39gmt 06:39est Friday Making a little reverse head and shoulders quite similar to Bitcoin. Has 8 points upside when and if it breaks - which is a little more than Bitcoin's likely upside potential, even if the RHS is successful later on today on the daddy. *For updates in real-time this weekend please check link at top-left of main page
BITSTAMP:XRPUSDLong
by sumastardon
2
Ford (F) Uptrend, Short to Mid Term BullI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Ford (Ticker: F) is in an Up Trend. Immediate area of resistance is the 100 Day Simple Moving Average sitting around $11.45. If it can blow past that it should reach my Resistance Trend Line around $11.80ish before coming back down to hit Up Trend Support, and repeat...hopefully. Ford gapped down on January 17th of this year and that opening is another resistance line Ford needs to break. I've drawn a green horizontal line to show that price. I have no projections or guesses on how long Ford will keep this trend, or if it will stay on course to trend all the way to the gap line, but I've drawn my trending Resistance and Support lines out to meet the gap to track the movement.
NYSE:FShort
by AROD01