Ironman8848

Ironman8848

Yesterday's price action triggered a "DOJI" pattern which is showing a "persisting uncertainty and indecision" about further direction. Indeed, such kind of pattern should be seen as a gentle warning reminder which could impact the recent ongoing uptrend price action... As long as the ETHUSD hold above the clouds area (support area) it is fine and this could be...

Ironman8848

Volatility seen yesterday inside the triangle pattern; indeed after having been under selling pressure, test of the triangle support line, which finally hold and trigger a nice rebound, in breaking on the upside in reaching a high so far of 14'905, filling on its way up the 50% Fibonacci retracenent @ 14'883 of the former leg down from 15'399 to 14'367. The...

Ironman8848

Despite a second consecutive daily closing above the clouds (around 3'500),(high @ 3632), the ETHUSD is still showing some uncertainty about further development as you can see the recent and current price action on this daily chart. Indeed, as I already mentioned yesterday, we still need to see, a "real" breakout confirmation, which, for the time being, it is...

Ironman8848

Good morning, today we are going to look at the daily picture. Being in a broad uptrend channel (in green) since the lows (double bottom around 29'000), the BTCUSD, from, its recent upside breakout of the clouds is currently in a more steeper uptrend channel; in making, yesterday, an intraday high @ 55'800 (acceleration triggered by the breakout of the former high...

Ironman8848

In attempting to breakout the upside of the clouds the ETHUSD is currently traded at a tricky level; indeed in addition to the potential clouds breakout, which should be validated, at least by a minimum of one more daily closing above the clouds, the ETHUSD is also managing to breakout of a broad triangle pattern which if confirmed would trigger a very sharp...

Ironman8848

The breakout and the last D1 closing level above the 50'000 psychological level, accelerated the upside move towards a high so far of 51'915. Currently in a new uptrend channel with its first resistance around 52'000 (former yesterday's high) ahead of former of Sept 6ht @ 52'956. On the downside the former resistance of 50'000 became now the new support to look at...

Ironman8848

Looking at the daily picture, we can identify several important information : 1) caught in a $ 23.00 - $ 25.50 trading range 2) mix of a double bottom and double top 3) currently below the Mid Bollinger Band 4) in the middle of the sideways trading range above mentioned. 5) supported by the former uptrend support line (in green) 6) still below the ongoing...

Ironman8848

Looking at the daily picture, after having broke down the clouds, the Nasdaq 100 fut is triggering, a triangle formation in progress in a new broad bear trend ! Indeed, recent and current price action should be seen as a natural pullback towards the former support area which became now the new resistance to break in order to neutralise, temporary, the ongoing...

Ironman8848

Today we are going to look at the 4 hours chart. Currently catch in a sideways broad 47'500-50'000 trading range. Indeed, after having filled the triangle technical target @ 49'421, the BTC pushed still a little bit higher towards an intraday high so far @ 49'811, being unable, so far to break the psychological 50'000 important resistance level. In addition,...

Ironman8848

Today, we are going to look carefully at the recent and current price action on the Daily chart. Indeed, after having, yesterday, nearly filled the technical target of the triangle pattern @ 49'421 with an intraday high @ 49'225, the BTC lost the momentum to clearly confirm the clouds breakout as you can see, for the time being, on the D1 chart ! In addition, as...

Ironman8848

The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469). In addition, the ETH is still below the ongoing downtrend line resistance and last but not least BELOW THE CLOUDS on a daily basis. Therefore, further development will depend on upcoming price action over the next trading hours and will be confirmed by the daily closing level...

Ironman8848

Good morning, today we are going to look at the 2 following time frames on which there are very important PIVOTS LEVELS TO WATCH ! WEEKLY : Currently in a broad falling wedge in progress with a potential upside breakout for now around 50'500/50'600. On the downside there is really a very important level to look at carefully on a weekly closing level, later...

Ironman8848

Good morning, today we are going to look at 3 time frames, beginning with : MONTHLY September monthly closing level is showing a failure to close above the ongoing downtrend line resistance.(1.5570). Interesting to note that the September intramonth high (1.56) was slighly higher than the 61.8% Fib ret @ 1.5270 (1.7740-1.1270 move). So for the time being recent...

Ironman8848

Good morning, today, we are going to look at the daily picture. Indeed, as already mentioned in my previous analysis, we can see a triangle pattern in progress with breakout levels, respectively at, currently : On the upside : 43'835 (intraday high) On the downside : 40'931 IMPLICATIONS : A clear breakout, on a daily closing of one of those levels would trigger a...

Ironman8848

Good morning, I hope you are all well :-) Today we are going to look especially at the daily picture which is showing a crucial and critical support level around the 40'000 area !!! Why ? The reason is very simple : "WATCH THE CLOUDS !" Indeed, as you can see on this chart, the first downside breakout has been rejected by what ? By the clouds ! This rejection...

Ironman8848

Today we are going to look at three time frames : Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt Secondly, the hourly to see if there is & are potential reversal signal (s) Thirdly, the daily picture to have a global overview of what is going on Let's go to the 4 HOURS CHART : Currently, after...

Ironman8848

Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...

Ironman8848

Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...