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XLM price prediction for the rest of 2018The 6 hour timeframe of Stellar Lumens is shown in this analysis using a log scale. Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern. Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout. In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumen upon breakout.
by Coin_Analyst
4
Ethereum classic price analysisEthereum Classic is shown in this analysis from August 7, 2018 to current date. The most recent pattern coming after a prolonged downtrend on the 1hour timeframe chart is a falling wedge chart pattern. Ethereum Classic as at the time of analysis has clearly broken out of the wedge. This implies that the current trend in Ethereum Classic likely is to change from downtrend to side trend, or uptrend at best. The minimum expectation for bullish momentum to terminate is at the origin of the pattern, which is ~$14.40. Price retracing to the top of the wedge before resuming a bullish swing upwards is plausible. Point of invalidation (POI) of this analysis is a price close below ~$8.77 which would signify a resumption of the already established downtrend.
BITFINEX:ETCUSD
by Coin_Analyst
$USDCAD 5 to 1 RETURNSFundamentals... Post BoC rate decision where the bank raised rates by a quarter point to 1.75% from 1.5% initially USDAD strengthened breaking through 1.30 handle only to close the session back above. And in todays session weakened against the us dollar still holding above the 1.30 level. This doesn't match not only the rate hike but the hawkish guidance communicated by BoC... however with the recent 15% fall in the price of Oil from its recent peak (picture in comments) USDCAD has weakened... which makes sense. A stronger US Dollar off the back of weak EUR and GBP due to ECB rate decision today where Draghi tried his best to sound optimistic about the slowing and politically sensitive Euro Area but failed to prop up markets. An important factor for this breakout then is a) Oils next move, does price rally higher or continue to the downside, Technicals suggest while the multi month trendline has been broken is bearish. And B) If USD continues to strengthen as DXY is looking very bullish and getting ever closer to key resistance at 97. For this breakout to really work want to see a strong USD and fall in oil prices, perfect scenario. Looking at market sentiment: CAD shrugged off bullish news and continued to weaken which is important. Could imply sentiment is bearish for this market. A confirmed break and close above 3125 will set up the trade, looking to take profits along the way and tightening the stop loss. With a 50 pip stop loss trade offer 5 to 1 returns.
Long
by AlexClarkFX
1
BTC/USD - Juncture LevelBitcoin broke the horizontal support level (Unfortunately) so we need a contingency plan to protect capital. Now price is below this level there is a danger that price will retest the horizontal support zone as a new resistance. If this happens, we could get some considerable downside from here on. If price breaks up again, it will need to retest the transition zone as a support yet again to confirm that the bulls are in, and that the bears got trapped. I personally believe scenario 1 is most likely out of the pair, just on a probability logic. Let's see how things go from here! Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-) Please leave a LIKE and FOLLOW. I'd really appreciate it.
BITFINEX:BTCUSD
by TomProTrader
20
OmiseGo analysis: 6 hour timeframeThe 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date. ~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area. The width of the pattern best described as a rectangle bottom pattern is indicated and taken as $0.85 ($3.84 minus $2.99). A successful breakout above $3.84 or below $2.99 should provide a $0.85 move as a minimum expectation for the price of OMGUSD i.e. projection of ensuing move following a successful bullish or bearish breakout.
BITFINEX:OMGUSD
by Coin_Analyst
3
BTC/USD - Live UpdatePrice approaching side-wards support now, let's see it it bounces! Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I never ask anything from my supporters, but I do have a small favour to ask of you guys... If you see comments in the comments section that are trolling/insulting to me, or any other person who's contributing to the comments section, then please Flag/Report their comments right away so we can get rid of people that aren't contributing to this site in a good way. Let's work together to make this site a better place for everybody. :-) Please leave a LIKE and FOLLOW. I'd really appreciate it.
BITFINEX:BTCUSD
by TomProTrader
33
GBPCHF analysis: 3 things you must knowA 2 hour tf chart of the GBPCHF is shown in this analysis, and commentary is provided below based on the numbers marked on the chart: (1) The main trendline on the 2 hour timeframe arising from where the double bottom formation was completed. The bullish trendline is expected to provide support for the GBPCHF should selling continue past (2) which is discussed next. (2) Bullish trendline in the GBPCHF established using the September 21, 2018 and October 26, 2018 lows. Price action closing below this trendline is bearish and the next support for price action is anticipated to be the main trendline (1). Trendline (2) is thus currently more relevant than (1) for further assessment of price action. (3) A chart pattern best described as a pennant. Price breaking to the upside of the pennant is bullish, with the minimum a return to the previous high at ~1.31159 being the minimum expectation for the GBPCHF. Confirmation of any upside breakout by momentum is of great importance.
by Coin_Analyst
1
EUR/USD - SIGNAL - BUY / LONGMy details: Buy stop order @ 1.14100 Stop loss @ 1.13735 (36.5 pips) Target @ 1.14585 (48.5 pips) Risk:Reward = 1:1.33 Please follow and leave a like if you enjoy what you see want to see more live signals :) The analysis is made based on order flow using Volume Profile + EW For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
1