HydraFinance

HydraFinance

I am, personally, very close to Mexico. I don't currently live there but I have and many of my close relatives and friends still do. I've never been one to pay close attention to Fundamentals or to question the tape. Still, for quite some time I was befuddled about the way the Peso was gaining ground over the Dolar. Don't get me wrong I am not opposed to it...

HydraFinance

Last week showed a lot of weakness for this currency pair, Euro getting hammered down basically closing at the week's low. I expect this week to be the exact opposite. I still view the long-term trend bearishly but I am willing to bet that we are still to retrace higher a bit more before resuming the path and testing new grounds lower. Thus my idea of, in my...

HydraFinance

For a while I was expecting this chart to plunge way lower, having a deep retracement. It seems instead the price has done a sideways move. The easiest way to think right now is that prices should drop, especially looking at the aggressive attempts lower price has been printing. I will be paying very close attention a rejection after another minor wave down,...

HydraFinance

I am anticipating a huge move down next. This is a hard psychological trade to take in my perspective, especially following such a considerable drop, I am willing to bet there will be many buyers expecting the reverse of this move that left huge unchecked candles/bars full of liquidity, but given the sideways accumulation we had for the last half of last week, I...

HydraFinance

I have established the 1.0125 level as hard support. This should hold all the way until the price comes crashing down to create a new weekly low. Until that point, I am looking to follow the price up, and to that effect, and given how it closed on Friday I also expect the 1.0190 to hold as support at least until it breaks above 1.0290. With that assumption in...

HydraFinance

We are coming from a relentless downward pressure on the asset. It was only to be expected that it eventually had to cease, at least temporarily, I feel confident that the current low of 0.995 should hold until the completion of the next corrective move up. After its done, and when that may be is uncertain, expect the price to push another low.

HydraFinance

Coming from a very aggressive move down it is interesting to see how price played out this past week. I would've expected a deeper retracement considering the size of the bearish move we had just experienced but the price exhibit all the characteristics of a sideways accumulation. Given the blaze of bullish glory in which it ended the week, I wouldn't be surprised...

HydraFinance Updated 

It may be a little deceiving when looked in a regular chart to discern that the end of the trend in this MEME market, but when gazed upon in a semilog scale then the image turns into that of a trend that is about to run the totality of its course. If my speculation is correct we are now in a fifth wave and it is MY experience, in watching many cryptocurrencies...

HydraFinance

According to the study of market behavior and Elliott Waves this market should really start getting the worst of it, at least fundamentally wise, as this C wave down unfolds. I have estimated if the fall in this ongoing wave is commensurated to its predecesor than we should expect a stop to it somewhere in between the 408 and 305 USD mark. Enjoy the drop. :)

HydraFinance

Price is painting a very clear picture of the most probable outcome to the consolidation we've been having. The way price was behaving before we had this sideways action leads to believe that the break would be to the upside. Further, I wouldn't wait for price to break and close above the upper declining trend line to get in, I would instead look to get in earlier...

HydraFinance

Price seems to have taken off on Friday. Any retracement to the 0.666 level serves to get us in and the level to hold should be 0.654.

HydraFinance

My take on the pair is to not take action yet. I have a belief that 1.299 level should hold and we should see price reverse. I have designated two zones of likely reversal. Ultimately a cross and close below the aforementioned level will turn my stance very bearish for the pair.

HydraFinance

Price moved and closed above the trendline that depicted the bearish trend that we had going for a while. I however believe there we are headed for lower prices. A move again below this trendline will confirm this view.

HydraFinance

We have been following this huge trend for a while now. We can proudly say that we captured a good chunk of the way up, we also tried catching some of this recent falling days but unfortunately given the nature of the patterns the market was creating we ended stopped out at breakeven and decided to sidestep a second try at going short. The focus shifted to looking...

HydraFinance

the reversal I had foreseen has come to completion or at least it is on its way. The completion will be confirmed once prices retraces the expanding diagonal 100%.

HydraFinance

I am not a big fan of betting against such a powerful trend specially at such an early stage of a possible reversal. This is a risky idea and if anybody chooses to use it on their own accounts the important price to keep in mind that should hold for this analysis to be valid is the 0.68 mark. This mentioned level should hold before price hits the yellow dotted...

HydraFinance

We've been coming down on a long sustained downtrend since March. By a structural view of the daily trend this seems to have ran out of steam. What seems to be coming to be is a strong reversal of at least half of the last trend which should yield an approximate advance of at least 500 pips. What seems to be developing right now is still a very unpredictable...

HydraFinance

We might be led to think that since price has been in a continued downtrend since March around where the recovery from the covid crash happened. In the beginning the recovery gave the look that we might be headed for higher highs on the long term but given the depth of this market correction I would not be surprise would this result to be only a building block on...