Forex_Academy

Forex_Academy

NEO possible further drops

Forex_Academy

Timeframe: 30M Main Scenario: The rate could drop further after the temporary rebound. You can see that it has failed to make a valid breakout above the inside sliding line (sl) and above the downside 50% Fibonacci line of the ascending pitchfork. Right now it is very important for the rate to make a valid breakdown below the outside sliding line (sl1) to be...

Forex_Academy

Timeframe: 240M Main Scenario: The rate should resume the bearish momentum after the breakdown below the outside sliding line (SL). The rate has failed to stabilize above the lower median line (LML), so the perspective is bearish on the short term. It remains to see what will really happen because the rate could turn to the upside again and could try to test and...

Forex_Academy

Timeframe: 30M Main Scenario: The rate failed to resume the temporary rebound and to make a valid breakout above the median line (ml) of the minor ascending pitchfork, so now it is somehow expected to drop again. A valid breakdown from the minor ascending pitchfork's body will signal a potential drop. Alternative Scenario: A further drop could be invalidated by...

Forex_Academy

Timeframe: 30M Main Scenario: Technically, the rate maintains a bearish perspective on the short term, so the rate could drop further in the upcoming hours and days. Right now you should wait for a valid breakdown below the lower median line (lml) of the descending pitchfork before you will go short again on this crypto. The rate failed to make a valid breakout...

Forex_Academy

Timeframe: 15M Main Scenario: The rate should drop further if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork. Alternative Scenario: A false breakdown below the lower median line (lml) it will signal a potential upside movement. Entry/Stop Loss/ Take Profit: Short from 7540 level, the Stop Loss could be placed above...

Forex_Academy

Timeframe: 60M Main Scenario: The price has increased aggressively on the short term and has managed to jump above the 50% Fibonacci line of the ascending pitchfork and of the descending pitchfork. XMR/USD dropped again in the last hour and erased some of the impressive gains. The perspective will remain bearish as long as the rate will stay within the descending...

Forex_Academy

Timeframe: 240M Main Scenario: IOTA has lost -4.17% and has bounced in the Pivot S1 in this 4-H chart, the price is forming a descending triangle that probably will break down in the Pivot S1 but the indicators are now showing oversold levels that could possibly call the buyers back and try to test the upper line of the triangle, so here we have to be aware of...

Forex_Academy

Timeframe: 1h Main Scenario: The price it has increased and now it has retested the inside sliding line (SL) of the major descending pitchfork. It should drop further if the rate will stay below this very important dynamic resistance (support has turned into a resistance). However, we still need a confirmation that the rate will drop again, so, you should stay...

Forex_Academy

Timeframe: 240M Main Scenario: While only 3 of the top 100 cryptocurrencies are positive today against the Dollar, the ETC is included also losing -2.40%. On the other side, its behavior against the BTC is very positive in the last few hours, gaining 3% just today in a buying pressure that comes from yesterday and that became solid after crossing the Central Pivot...

Forex_Academy

Timeframe: 240M Main Scenario: The rate has increased and it has retested the broken lower median line (LML) of the ascending pitchfork. It has failed to stay above the LML, so it is somehow expected to drop further. Right now it is pressuring the outside sliding line (SL) of the ascending pitchfork. A valid breakdown below it will signal a further drop in the...

Forex_Academy

Timeframe: 240M Main Scenario: EOS/USD is somehow expected to drop further after the temporary rebound. You can see that it is trapped within an extended sideways movement. It is pressuring the outside sliding line (sl1) of the minor ascending pitchfork. A valid breakdown will open the door for more drops in the upcoming period. Technically, it could drop after...

Forex_Academy

Timeframe: 240M Main Scenario: The rate is trading in the red and seems too heavy to stay higher. Maybe we'll have a significant drop after the failure to reach and retest the upside 50% Fibonacci line of the descending pitchfork. The first target will be at the median line (ML). Technically, could drop further as the Bitcoin could slip lower on the short term...

Forex_Academy Updated 

Timeframe: 240M Main Scenario: The pair STRAT/BTC has been dropping considerably since Jul 18 and touched the 0.00031130 (April 2017) and possibly we will see a retracement from this level the indicators are showing oversold levels and pointing up and we can wait for a confirmation for and long entry if the price manages to cross the Pivot S1 at 0.00034352...

Forex_Academy

Timeframe: 240M Main Scenario: Today the TRON project will launch its virtual machine in testnet mode, and also will reveal one of their “secret projects” we will be aware of how this will impact the price, personally, I think it will react a little despite having lost -5.13% in the last 24-H. The price is now testing the Pivot S1 at 447 Satoshis very close to the...

Forex_Academy

Timeframe: 240M Main Scenario: The rate could drop aggressively again if it will make a valid breakdown below the lower median line (lml) of the ascending pitchfork. Right now you should wait for a valid breakdown before you go short on this crypto. Price could drop after the failure to reach the inside sliding line (SL1) of the ascending pitchfork. Alternative...

Forex_Academy

Timeframe: 240M Main Scenario: Ethereum could drop further on the short term after the failure to stay and stabilize above the downside 50% Fibonacci line of the minor ascending pitchfork and after the failure to reach and retest the median line (ml). Price is trading in the red on the short term and seems determined to reach new lows in the upcoming days. You...

Forex_Academy

Main Scenario: Despite having lost -4.53% in the last 24-H MANA has been held by the 200-EMA in this 4-H chart and if it manages to bounce back we could have a long entry to look for profits of at least 3% trying to find the Fib Retracement of 50% of the last descent; The indicators are oversold and pointing up, we could possibly see a pullback in the pair and the...