Happy Valentine's Day everyone! The past 24 hours have indeed been great for $SHIDO, as market cap increased from 98m FDMC to 127m FDMC as of this writing. $SHIDO continued to range in the zone identified in our last analysis, for 19 days of consolidation. Price action has respected the 61.8% retracement level as February nears mid month and the anticipated news...
$SHIDO is nearing the end of an accumulation phase that has lasted for about two weeks after a selloff at 175m FDMC. This was a natural result of more than 20x gains from early November to mid January. Currently holding between 100m and 115m FDMC, it has been ranging in this area after a 61.8% retracement. This support level is in line with fundamental aspects...
Here I demonstrate on a live chart how I use fibonacci extension, fibonacci retracement and key levels to identify potential areas where price may reverse from the current trend. In this example, the overall trend is up, and the current downtrend is in a channel. I have used the points of confluence identified by fib extension and fib retracement located just...
Daily TF analysis of support/resistance and prevailing trends.
Head and shoulders pattern on longer TF view. Current price action is in the detail screen with comments. Sharing for studying purposes and analysis of my own markup for reference.
4TH LEG W FORMATION AT THE 1.298 SUPPORT ZONE AND HIGHER LOWS AT EACH RETEST. HIGHER TF SHOWS THIS PATTERN IS A DOUBLE BOTTOM RETEST OF A LONG TERM DOWNTREND. LOOKING FOR PRICE CLOSE ABOVE 1.30243 AND RETESTS FORMING A NEW HIGHER LOW, IF PRICE BREAKS AND CLOSES BELOW 1.296 ON A RETEST, THIS IDEA IS INVALID.
GJ is in a bullish trend and broke previous high held at the 147.8 level. The daily candle closed with a bullish doji. The next zone is at the 150.0 level and may see a rejection to retest the previous zone at 147.0 and the 62 EMA. My overall outlook on GJ is bullish for the week if price breaks and holds above the 150.0 level.
H&S forming on weekly TF for retest of the 200 EMA. I'm looking for a 2000 pip drop over several weeks. Comments and feedback welcome.
We are in the 1245 support zone and at the bottom of the current trend. Price has been ranging above and below the 200 EMA with bullish tendencies. Expect a retest of 1- the bottom of the trend; 2- the 200 EMA; and 3 - Weekly structure zone of 1295.
We have reached MONTHLY STRUCTURE zone of 1245.00. We have an ascending triangle formed with three connecting points on the incline and two connecting points on the horizontal. DAILY TF shows a break of the trend line but price did not breach MONTHLY STRUCTURE. I'm looking for a retest of the trend on DAILY TF and rise to the WEEKLY STRUCTURE zone of 1295 (500...
GBPUSD just broke a long trendline on the daily and weekly TF charts, and established a new low. Currently at the .236 retracement level. I'm bullish to between the .50 - .618 retracement level (1.38000 - 1.39000). Short to the .236 area (1.35000) for a retest of the new trendline. GBPUSD is currently at the .236 retracement level after breaking an uptrend. A...
Large, well defined H&S formed on CADJPY with highs closing lower. 61.8 fib retracement is complete. Looking for a breakout low for entry
EURAUD Daily Support and Resistance levels with Fib retracements. Price spiked to the 50 fib level on Thursday and closed at the 23.6 level. Friday price rose and close above the 38.2 fib level. 840 pip level one drop. Red zone to red fib measurements show another 840 pip drop in price. Previous EURAUD markup from Jun 2 below for reference
Daily projection for GBPUSD. BULLISH BUTTERFLY GBPUSD just broke a trendline and established a new low on DAILY and WEEKLY charts. It is currently pulling back up and has completed a bullish butterfly harmonic. I am BULLISH on GU to the 1.38 price level and expect a retest of the lower trend line just established. GBPUSD is currently at the .236 retracement level...
Chart markup for EURAUD on DAILY Time Frame.
May 2018 ended with a BEAR run down to the 1.53 price level into verified support. BULL reaction quickly pulled back LONG with a 1.553 high on June 1. Price action looks to run up to 1.57 before SHORTing to the 1.46 level if current level of support fail on the retest.
Price action projections of EURAUD. Initial movement for the first week of June is likely to be LONG and will push up towards the 1.6 price. SHORT looks to run to the 1.37 price after the resistance rejects the price above 1.6. All comments are welcome
I'm not genius trader, and crypto trading is all new to me. I'm looking at a basket of alts, and the possibility of finding the next ETH or LTC. This idea is reflective of approximately 3 week runs on ETC. I see a new ceiling on or about 2.7.18 following the trend lines I've shown here. Any advice or feedback is entirely welcome.