Forex_Academy

Forex_Academy Jul 18, 2018

Price rallied as the Bitcoin it has edged higher and it has managed to reach new highs. LTC/USD has managed to jump above the UML of the major descending pitchfork and could reach and retest the outside sliding line (SL) in the upcoming days. I've told you in the last weeks that the price needs to make a valid breakout above the SL to be able to start a larger...

Forex_Academy Jul 18, 2018

It is expected to increase further and to reach the 0.57290 static resistance. It will continue to move up as long as it will stay above the 250% Fibonacci line.

Forex_Academy Jul 18, 2018

Price rallied and now it has managed to reach the 150% Fibonacci line again. I've told you in the last days that only a valid breakout will announce a larger upside movement. We'll have important upside targets at the WL3 and at the outside sliding line (SL).

Forex_Academy Jul 18, 2018

The rate it has increased aggressively in the yesterday's trading session and it has reached the upper median line (uml) of the minor ascending pitchfork and the 150% Fibonacci line of the major ascending pitchfork. The next target it will be at the downtrend line and a valid breakout it will really confirm a broader upside movement.

Forex_Academy Jul 17, 2018

You can buy a valid breakout above the downtrend and if the rate will jump and close above the 0.00330750 yesterday's high.

Forex_Academy Jul 16, 2018

I've told you on Friday that you can buy a valid breakout, so you should keep an eye on this crypto because it was strongly bullish today, but the rate it has failed to stay above the broken downtrend line. It is very important to see where it will close the day because if the rate will close much below the downtrend line, then we could see a minor decrease in the...

Forex_Academy Jul 16, 2018

The rate failed to reach the UML of the descending pitchfork in the last two attempts, so the minor decrease is normal. It could reach the former warning line (wl1) before will try one again to reach the upside target.

Forex_Academy Jul 16, 2018

Price has made another false breakout above the inside sliding line (sl) and above the 50% Fibonacci line signaling that the rate could decrease a little again. However, it could try one again to take out the near-term resistance level if the Bitcoin will resume the upside movement.

Forex_Academy Jul 16, 2018

Price has found a temporary support at the lower median line (lml) of the ascending pitchfork. I've told you that a valid breakdown below the outside sliding line (sl1) will open the door for more drops, so you should still wait for a valid breakdown. The rate could try once again to breakout above the UML and to approach and reach the inside sliding line.

Forex_Academy Updated  Jul 16, 2018

ETH important raise looking for $ 480

Forex_Academy Jul 16, 2018

NEO increased and is almost to reach the median line (ml) of the descending pitchfork. A valid breakout will announce a further increase. The first upside target it will be at the 50% line of the descending pitchfork. A failure to reach at least the 50% Fibonacci line of the ascending pitchfork it will send the rate down again. I've told you in the previous days...

Forex_Academy Jul 16, 2018

XRP/USD rallied and it has resumed the yesterday's increase. Price should pressure the 250% Fibonacci line after the failure to stay below the broken downtrend line. You should know that a failure to reach and retest the 250% Fibonacci line could signal an overbought again. It could increase on the short term as long as it stays above the 0.45410 level.

Forex_Academy Jul 16, 2018

The rate it has increased significantly and it has resumed the yesterday's bullish candle. I've told you in the previous week that the price needs to stay above the downtrend line and above the 412 to be able to increase again. It has jumped above the WL2 of the former descending pitchfork, but only a valid breakout above the 150% Fibonacci line will confirm a...

Forex_Academy Jul 16, 2018

Price increased on the short significantly after the lower median line (lml) retest and now it is somehow expected to reach the median line (ml) of the minor ascending pitchfork. Only a valid breakout above the median line (ml) will confirm significant upside movement.

Forex_Academy Jul 13, 2018

Ethereum increased a little after the yesterday's drop. You can see that the rate has retested the Falling Wedge pattern and now is fighting hard to recover. Technically, it could increase again if it stays away from the chart pattern's upside line and above the 412 static support. Right now we really need an important upside movement to confirm a potential...

Forex_Academy Jul 13, 2018

Bitcoin registered a minor drop today, but maybe the next hours will bring a significant movement again. I've told you in the last weeks that a valid breakdown below the lower median line (lml) will signal a breakdown below the 6000 psychological level. The rate could still increase only if the rate will stay within the ascending pitchfork's body.

Forex_Academy Jul 12, 2018

You can sell a valid breakdown below the sliding line (SL) and you can place a target around the former low.

Forex_Academy Jul 12, 2018

Price is trading in the red and seems unstoppable on the short term. The perspective remains bearish as long as the rate stays below the upside 50% Fibonacci line of the minor descending pitchfork. The next major downside target will be at the WL1.