- Trend continuation - Fibonacci level resistance - Good Risk/Reward ratio
-> Weekly EMA(50) ->double fibonacci retracement. ->resistance level (marked in yellow)
-> Monthly and weekly EMA(50) resistance -> 38.2 Fibonacci from last two impulses -> head and shoulders pattern, head being part of the bearish trend.
- RSI is overbought at 74+ - RSI divergence - Resistance confluence. best of luck.
Clear support and resistance, oversold RSI with a good risk/reward ratio.
After the dip at the 1.25 price pulled back to the 0.382 Fibonacci and formed a bearish pennant being held also by the daily EMA(50).
If ETH breaks the downtrend it could potentially go to the 700s area. If the downtrend continues it could continue to the low 200s. what do you think?
ABCD pattern is now complete and price is near resistance level as well as overbought.
Descending channel resistance + .0.382 Fibonacci retracement. PL ratio: 1.64
Three Drives pattern completed, it will still be valid until the dotted line. RSI at ~72 Enter between current price and dotted line Target 1 = 1.1 ratio Target 2 = 1.77 ratio Target 3 = 2.85 ratio
- Harmonic Butterfly. - Ascending Wedge - RSI Divergence Look at lower time frame to find an entry signal. possible targets are in green as fibs.
Confluence of: 23.6% 50% EMA (5) Weekly Overbought RSI (Daily)
The pattern is now completed and price has now reached a resistance zone. RSI is relatively high at 67. Now its time to look for an entry signal in the lower time frames.
Sell Opportunity: There is a bearish shark completed, approaching a resistance level at the 50% fib. Look for a signal to enter on the lower time frame.
Shark patter completed. RSI Above 75 Overbought on higher time frames. Candle signal on lower time frame.
RSI is greater than 70 Bearish Shark completed Stochastic is overbought
EURJPY may be on its way down after the completion of a harmonic butterfly in the weekly time frame. This set up gives us a chance to add another sell order in a lower time frame. We have a descending flag and resistance from the EMA
harmonic butterfly completed. target is slightly above 38.2 fib of the CD leg.