Forex_Academy

Forex_Academy

NEO dropped significantly and could test and retest the downtrend line again. The false breakout and the failure to reach and retest the media line (ml) it could send the rate towards the lower median line (lml).

Forex_Academy

The rate is trading in the red and it could resume the yesterday's drop. It could test and retest the broken downtrend line. I've told you that the price could still reach the 250% Fibonacci line even if it will jump above the downtrend line. Ripple could increase only if it will stay above the downtrend line and above the 250% line.

Forex_Academy

Price is trading in the red today and it seems too overbought to be able to continue to increase. A false breakout above the 150% Fibonacci line could send the rate down again. Only a valid breakout above the WL2 and above the 150% line will confirm a further increase.

Forex_Academy

Bitcoin could continue to increase on the short term as long as it stays right above the median line (ml) of the minor ascending pitchfork. Only a failure to stabilize above the median line (ml) it will really confirm a further drop towards the lower median line (lml) and towards the 6000 psychological level.

Forex_Academy

NEO price couldn't keep the bullish impulse after breaking the key resistance at $40.00. The upside was limited just below the bearish trendline as we can see it here in this 4-H chart, The bears started to push around $42.0 and now the price is at $39.82 below the EMA-200, indicators are showing that sellers can push the price to lower levels.

Forex_Academy

XRP has returned more than 62% of its last rally in just 24 hours and has not been able to keep the support at $ 0.4889, at this moment the price is held by the EMA-100 and if a break by the bears happens we could see a fast drop down to $ 0.4500 zone.

Forex_Academy

The crypto pair will increase further if the rate will make a valid breakout above the 0.00000711 resistance. It could be attracted by the median line (ml) if it stays within the ascending pitchfork's body.

Forex_Academy

Price decreased a little in the last hours after the failure to jump above the SL. It has escaped from the down channel and now tries to approach the downtrend line. Maybe only a valid breakout from the chart pattern will signal a significant rebound and only if the rate will stay within the ascending pitchfork's body (above the lower median line).

Forex_Academy

techncial analysis

Forex_Academy

Bitcoin has found a temporary resistance and now could test and retest the median line (ml) before will jump much higher. It should climb higher if it will continue to stay above the median line (ml).

Forex_Academy

EDO/USD has registered an impressive upside movement on the short term after the false breakdown below the lower median line (LML) of the ascending pitchfork. The next target is at the warning line (wl1), so only a valid breakout will signal a further increase. We have a major upside target at the 50% Fibonacci line of the ascending pitchfork. It could approach it...

Forex_Academy

Price increased and jumped above the SL of the descending pitchfork and above the 150% line. A valid breakout will signal an increase towards the 61.8% and towards the 50% line of the black ascending pitchfork. The perspective will remain bullish as long as the rate stays above the lower median line (lml).

Forex_Academy

Support Resistance 2705.72 2719.32 2701.52 2723.52 2694.72 2730.32 Key Trading Level: 2712.52

Forex_Academy

Support Resistance 1240.83 1247.17 1238.87 1249.13 1235.7 1252.3 Key Trading Level: 1244

Forex_Academy

NEO edges higher after the failure to reach and retest once again the downside line of the minor down channel and after the false breakdown below the 50% line. Personally, I believe that only a valid breakout above the downtrend line and above the median line (ml) will confirm a further increase. Price needs to stay above the LML because a valid breakdown will...

Forex_Academy

BTCUSD Bullish Breakout

Forex_Academy

The price of the btc has been showing a considerable rise in the last 4 hours crossing even the resistance in $ 6563. It is not known yet what could have caused this new rise but there is something clear and is that last week the price was affected in a very positive way for the closing of the next futures contracts, the day this happened the price immediately...

Forex_Academy

Price increased in the last days and it was somehow expected to climb towards the median line (ml) after the false breakdown below the median line (ML) and below the sliding line (sl). Only a valid breakdown below the median line (ML) will announce new lows. However, a valid breakout above the median line (ml) will send the rate higher.