Babsphoenix

Babsphoenix Updated 

BTC is broken through the cluster of resistance as speculated on 21st Feb 2023 (The idea inserted here) completing an inverted head and shoulder pattern and its breakout in the process. what we are witnessing now is a retest of those resistance cluster turned support cluster now. A fake out to dip into the demand zone is possible for an optimum buying opportunity.

Babsphoenix Updated 

Crude oil has broken out of a cup and handle pattern on the daily time frame using this has a launch pad to break out of a daily resistance. It has flipped 1D MA 100 in the process but 1D MA 200 and 1D MA are still ahead as resistance. A safe buy is when the price has flipped the 1D MA 200.

Babsphoenix Updated 

RUNE has just broken out of a cluster of resistance; almost a year old diagonal resistance, 1D MA 100 and 1D MA 200 while maintaining the higher lows trend line. A retest of all these flipped resistance is still possible and might lead to a fake breach of the higher lows trend line into the demand zone beneath. We can look for a buy setup upon the takeout

Babsphoenix Updated 

MATIC is sitting on. a multiple supports and preparing for a 65% takeoff. There are hurdles along the way though.

Babsphoenix

SAND is attempting to breakout out of JULY 2022 lower highs diagonal resistance. We can look for a buy setup upon breakout and/or retest. But if it the price succumbs to this resistance, the demand zone below it is good place to buy

Babsphoenix Updated 

LINK is still in the weekly rectangular accumulation zone and it has been making some rises and falls within. It seems on another correction and there are two possibilities in terms of the limits of the correction. The next two demand zones lie around an area of value and a bounce is expected from either of them

Babsphoenix Updated 

Euro Aussie broke out of a diagonal resistance and horizontal resistance. The horizontal resistance turned support is undergoing a retest at the moment. A buy opportunity lies between this retest and a likely retest of the diagonal resistance turned support. The green triangle zone (the price is there now) is the area to start looking for a buy setup. In addition...

Babsphoenix Updated 

This pair is getting to the safest zones for long trade. A likely short trade zone is also marked here. A short trade can even be taken right now since the boundary of a bear flag has just been breached

Babsphoenix Updated 

The dollar index is not just under horizontal resistance but also under the downward pressure of 1W MA 50 and 1D MA 100 lleading to a bearish outlook. 4H MA 100 and the floor of the green ascending channel are the major supports. If they rupture, traders can take a sell position.

Babsphoenix Updated 

This asset is trying to break out of a descending channel and has formed a head and shoulder and bull flag patterns to push this attempt. The safest buy option is to wait for the breakout of the bull flag and the associated horizontal resistance. Aggressive entry can still be executed if the price moves into any of the demand zones below

Babsphoenix Updated 

Nasdaq 100 appeared to have broken out of a monthly resistance. But it seems to be breaking into a cluster of resistance: Suuplu zone, horizontal resistance and 1W MA 100, making the possibility of the breakout turning to fake out very high. All this is happening while the price is forming an ascending wedge. We can look for a sell setup here but the fall is not...

Babsphoenix Updated 

ETH is testing diagonal resistance and this looks like the only hurdle to a short term pump

Babsphoenix Updated 

Crude oil just broke out of 8 months descending channel after 3 months in the current consolidation zone and forming a head and shoulder pattern in the 4H TF. A daily candle still has to close though. This impending bullishness looks short-term because of the horizontal resistance, 1D MA 100 that has served as resistance for a while and the resistance of the...

Babsphoenix Updated 

Filecoin is still looking bullish sitting at the bottom of an ascending channel and supported by a demand zone, 1D MA 100 and 1D 200. But there are still three resistances in the way of a growth: A diagonal resistance, 1D MA 50 and a horizontal resistance. A buy trade can be executed after getting thorough these hurdles

Babsphoenix Updated 

The index has formed a double bottom on the daily time frame. The price has broken out of the neckline and has retested it.Also 1D MA 10 > 1D MA 21 so a buy trade can be entered here.

Babsphoenix Updated 

The index just broke out of a minor descending channel and double bottom neckline. We can buy on retest but 1W MA 50 is close and the price might succumb to it

Babsphoenix Updated 

LDO has been trading under a trendline for some days now. A break of this trendline is likely going to lead to some growth but we should also be mindful of the resistances around the price

Babsphoenix Updated 

CADJPY has formed a descending triangle at the resistance of a descending channel. A sell trade can be taken on a bearish breakout of the triangle and a retest.