Syndra

Syndra

Might be a good opportunity to long here

Syndra

.

Syndra

XRP has been losing volume and create a new zone where buyers and sellers would likely participate in pushing the price in the short term. This movement is similar to BTC's technical analysis that I just did.

Syndra

I would like to expect a worst-case scenario that dumps more to the two-clashing support key level. This pattern might even show that price going to spiked in the short term. The price is currently on the Cost Averaging which means it is highly concentrated by the retail traders, in the bearish market, I would likely suggest the price will continue to dump since...

Syndra

two support clashing each other might form a hard support area around 15 June 2021

Syndra

I expect a bullish move on next trading session as the Empire State Manufacturing Index have higher forecast than before. The Empire State Manufacturing Index (ESMI) is a survey given out by the Federal Reserve Bank of New York to manufacturing companies within the state of New York. It measures how the people who run these companies feel towards the economy.

Syndra

1878.85 is the level where most trader take a long trade. I'll expect a pullback at this area since other trader who missing the train going to push the price higher at this key level.

Syndra Updated 

I'd like to expect the price to go up once again when the USD Trading Session is up. Expecting it go down pretty much have low chance of winning as the price create a short-move to the downside causing an pressure to the seller creating a momentum.

Syndra

If you compare how price action and RSI move, you can exactly see the price outmove the RSI. Here, you can see it moved too fast and hit divergences. If this trend keep going, price will probably going up again. But, I'd like to see some movement to downside first

Syndra

It is true, the price just did a structure. Now they break them and maybe some trader trying to push the price back to previous structure. This create a swap zone where buyer can re-entry. However, the problem is that if the price going for pullback here to respect previous structure on swap zone, price is most likely will not hit my target. It is hard to takeover...

Syndra

Seem like XAUUSD does major structure and just blow up last week. Those movement are more than expected as the shortage move should be same with the surplus to have the balances in the price. This overextended move should now retrace a little and create shortage below Mid-Structure while creating a Surplus on Low-low Trendline to create some pressure for next upside move.

Syndra

Another reason that I think the price action will likely going to hit 1991.764 key level by comparing 4 recent recession on the market using Fibonacci. Those key level that are stacked to each other mean that it have higher probablity of other retail trader who are using that too.

Syndra

What I do: Firstly, I took an ATR to check average move on the market in last 120 candle on H1 to see what is the average for the market to move in one weeks. I take that number and increase it with current price level and make it as a target of what I think the price will respect. I take ROC to check average move on previous week only. From 1 to 120 time-period...

Syndra

Impulses were too fast, I think some buyer might wanted to take their profit as the price did go to important seller key level. The price did surplus on the seller side. I assume that seller are conquering this battle. There have chance that shortage will occurs during the pullback. If the RSI reject previous low, this structure will probably become valid and...

Syndra

This can be a good stop long position if the price respect previous structure being violated and trapped trader are not affected by the movement here. The price momentum might switch here due to violation which is most unlikely for me personally thinking.

Syndra

Which way will price would likely move? will it respect Fear Structure or violates them?

Syndra

seem like a good spot for those who took long position here.

Syndra

I see weakening momentum to the downside. This increase my chance to enter my long position.