This is a big support area for ETH, I believe the prices will drop to 290 before the correction. RSI Confirms the theory
Possible double bottom, breakout after the neckline could approve this hypothesis
RSI looks tempting, as it shows a possible retracement back to 300USD. Place your trades people!
BTC and Etherium are bearish at the moment, as there is an expected retracement according to RSI and Fib. Could reach 10405
So last week I said EURUSD could be forming a possible double top, But it didn't, and now it's forming a triple top. I'm going to wait for price confirmation once it reaches the 0.19000 levels and starts retracing, That would indicate a trend reversal!
On my last Gold analysis, I predicted it going to the 1900 levels, and it did, Now after its retracement, its time to bounce up again. Fibonacci extension expects the 2080 and 2142 to be coming. RSI Also confirms Gold being able to go higher in price.
Nasdaq on the monthly is currently in the overbought region, but according to Fibbonaci extensions it could push a little bit more to the 145 levels before dropping to approximately 99 or lower.
There's a possible double bottom with confirmed bullish rsi. Buy entries should be at the neckline, If it surpassed it it could be a reversal sign to the previous bearish movements.
XAUUSD is quite likely to reach 1900 soon.
This could be a possible double top. RSI confirms.
RSI Confirms that the prices could go down to a possible support line which could be at approximately 10300
USDCAD has reached a strong support line and bounced off it. RSI shows that it's time for prices to move up to the next resistance line shown on chart. Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.
After a long bull run, BTC is going to stabilize a little bit, Bears might take control short term and throw the prices back to 9900 level. I drew a Gann Fan on the chart and it showed me that there's a good resistance line at around 11100, If it had broken out of it we could have seen 12000, but it didn't break out which means there will be a retracement and then...
BTC reached a new high yesterday, And it had to retrace a little bit and so it did. Now after it finished retracing I put up a Fib Extension to see where it might lead us before retracing again, and it shows around 11900. which is also a resistance level. This theory is supported by RSI as it shows more space for a pump. Also, Another thing to notice, According to...
XAUUSD just reached a new all-time high, which could mean that people will be selling their physical and shares of gold to cash out their profits. RSI is showing a strong signal that a drop is near, as It's in an overbought region. It could reach 2000 before dropping but it's impossible to know for sure. Fib retracements show that it could drop to the next support...
Okay. I've made this analysis depending on multiple trading strategies, Which ill be explaining below. EURUSD Has been pumping for the past few days and has reached the overbought zone, according to RSI , which indicates an incoming retracement. There are two options for when the retracement is going to happen. Option 1: It has already begun and short trades could...
Okay. I've made this analysis depending on multiple trading strategies, Which ill be explaining below. ETHUSD Is on a Bullish trend, but according to RSI , is currently in the OverBought region, Which indicated a retracement before continuing with the trend. The retracement should be around the 362 area which is the next resistance line. The retracement should...
According to the Gann strategy, we could be on the edge of starting a new bullish trend as EURNZD has crossed the 1/1 array. This is a long time trade though, and there will be retracements along the way, of course, nearest one being at 1.766. Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.