HubAlgo

HubAlgo

Hello everyone From my last analysis on ETHUSD we had the crash of LUNA and the news from federal reserve.These two incidents made the market fall to this level. For Ethereum,this trading range on 4 hours chart lasted too long, so I believe it's safe to call it a last bear flag and waiting for a reversal,preferably a double bottom.At the current market the...

HubAlgo

Hello everyone As I said earlier today, because of the news from federal reserve, USD is in a down trend,there fore every pair with this currency is in a good uptrend. For EURUSD, We have a bull trend line with a good amount of buy volume on 1.05$, so it's safe to say we have a good amount of support on this level.the resistance level of 1.06$ may have some...

HubAlgo

Hello everyone As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week. The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion...

HubAlgo

Hello everyone As USD loses it's value over the news from federal reserve,better prices for the pairs with this currencies can be seen allover the market. For now, over the possibility of the exhaustion of the trend, we may have couple of RED bars in the way of our Bull trend, but since we have an OIO pattern( outside,inside,outside)it's more likely to have...

HubAlgo

Hello everyone In the past couple of days we had the LUNA incident and the federal reserve news pulling the legs of the market,creating more fear in the market. For BTCUSDT, we have a rectangle pattern (Range),which at first had some good amount of shadows, in the first bars but now we can see more bars with strong bear bodies.The news and the fear in the...

HubAlgo

Hello everyone In daily chart on ETHUSDT, we can see a steep bear market, so the context is a bear channel, and taking long positions is not recommended, and it's better to trade micro channels if you are a trader.With the long shadows on the daily chart we might get a foundation of a reversal pattern in lower time frames. For now, the resistance levels are...

HubAlgo

Hello everyone In the past couple of days we have seen a new face of the crypto market. Daily chart of BNBUSDT shows,a bear trend taking place and for today's bar so far we have a pinbar. Now you may think "It's a good time to buy", NO.After a bear trend this steep, with this much volatility and fear? Anyway,pinbar is a good signal but a really bad context.In...

HubAlgo

Hello everyone On daily charts on BTCUSDT, we have bars with long shadows so far but as the fear takes over the market, we can see high volatility taking over, which shows that traders taking positions on both sides of market.As the bear trend continues the trend is getting weaker.It does not mean a reversal may occur( less than 20%). In lower time frames we...

HubAlgo

Hello everyone As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change. Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final...

HubAlgo

Hello everyone As you can see after a good rally, now we have a divergence on our chart and a possible double bottom pattern. This obviusly does not need my explanation at all. For now, we have the support line of 1.23$ and the resistance level of 1.25$ which the price might see by the end of the week. Keep this in mind, never try to find tops and bottoms of a...

HubAlgo

Hello everyone The last weekly bar closed with a long shadow at the bottom.This shows less selling pressure and maybe a reversal may occur on XAUUSD ,which will give us two possible outcome; 1 - A bounce from our support level of 1850$ which may turn into a possible bull trend and that may happen in 2-3 days (a simple down trend on lower time frames). 2 -...

HubAlgo

Hello everyone With the spike in the price from couple of days ago on AVAXUSDT, we may have a bounce from the previous bear trend line.this setup also created, a double bottom, a divergence in RSI and the ABC pattern.With all that said , the price is still in a bear channel and a breakout is needed. The resistance levels are 60$, 65$ and the upper line of...

HubAlgo

Hello everyone CARDANO is an asset worth investing, with a good white paper an good perspective, but a well made pattern and context is needed. On daily chart, we have a good context for a reversal,which includes higher lows, a possible double bottom pattern and some good volume on that shows less selling pressure than before, but a breakout of bear trend...

HubAlgo

Hello everyone Due to the bad news from wallsreet and Nasdaq, a big red bar appeared on every chart, on daily of coarse.It's not the first time we had more than 10% fall in crypto market. On daily chart of DOTUSDT, there's a double bottom pattern forming, which can take the price to our resistance level of 15.5$ and maybe break out of our bear trend line;...

HubAlgo

Hello everyone We all witnessed the weak bear market in the last couple of days,now we may get close to the end of this bear trend.The clues are , less selling pressure in the market and higher lows in the daily chart on BNBUSDT. A wedge structure can be seen on daily chart and we had a rejection from 375$ four days ago,plus we can see the market starting to...

HubAlgo

hello everyone We may get to see better market in the next couple of days for Ethereum,but that does not mean that we have to look for tops and bottoms of the markets. Staying and trading in the market context, IS our best chance to make money. Resistance level of 2800$ seems to have some effect on today's market but we have support level of 2725$ and our...

HubAlgo Updated 

Hello everyone In the past week we witnessed a steep bear market structure bringing us to channel that we have last been on July of 2020.In this situation we may get to see the price lose the sharp and steep momentum's of the last week for GBPUSD. In addition to what we have seen so far , we may get lower prices for GBP. With the support level of 1.25$ and...

HubAlgo Updated 

Hello everyone As we have seen a great loss of support level 1.078$ and 1.06$ on EURUSD, now we have the support level 1.05$ which leave us with possible outcomes of: - Continuation of the wedge that can be seen in 4 hours chart as bear flag which is more likely because of the last daily bar with the shadow almost as long as the body and the context of bear...