CARDANO - What's Going On With Ada?After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
Goodluck and trade safe!
Wicktator
Binance Coin - Down we go!The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
Binance Coin - Down We Go!The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
DOGECOIN - Important Levels To WatchIn the chart you can see 4 main levels where price has reacted and ranged between. We can use these levels as reasons for entry (via retests) and take profits.
Watching to see if Doge breaks the descending correction and pushes pass the first level indicated sow e can get in with a buy.
Goodluck and trade safe!
EURJPY - First SHORT of Many!EURJPY has finally broken out of the ascending pattern and is making its way lower to the major trendline.
Watch for bear flags on the 1H to take EURJPY down. See chart below for the higher timeframe. We are anticipating a break of the major trendline to take this even lower.
Goodluck and trade safe!
AUDJPY - One More Push UpAfter AUDJPY broke out of its bull run, it started to create a bigger correction on the daily timeframe. Price can be broken down into 2 phases; Impulse & Corrections.
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that chart with this.
Goodluck and trade safe!
AUDJPY - One More Push UpAfter AUDJPY broke out of its bull run, it started to create a bigger correction on the daily timeframe. Price can be broken down into 2 phases; Impulse & Corrections.
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that chart with this.
Goodluck and trade safe!
USDJPY - Reversal Pattern - Do Not Miss!USDJPY broke out of the bull run which started at the start of the year. Once it broke, it didn't just drop instantly. It created a complex correction which can be seen on the chart.
Ideally we'd want USDJPY to push up once more to create a double top before dropping. Will be watching the pattern play out and see when the break occurs.
Goodluck and trade safe!
GBPUSD - Breakout - Watch for FLAGSIn our previous analysis, we were looking at the double top region for a short and a break of the wedge. The wedge pattern changed a little but the bias remains the same. Price broke down and retested.
Will be looking for a bear flag on the lower timeframe to gain another entry
TESLA - Ready To Make New HIGHS 🚀 🚀In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!