4 Hour Chart Explanation: - Price bounced on the Resistance Zone (check it on the Weekly or Daily Vision). - Price broke the Ascending Trendline. - Price is, currently, on a Bearish Corrective Structure (ABC Elliot Count). - If it breaks it at 4,215, the Short Move will be started. - Our targets for that down move are the two Middle Support Zone and, finally,...
Consider this as a guide to develop your own setup. Main Items we see on the Daily Chart: a)Price has broken the descending trendline b)Currently we can see an ABC formation (maybe an expanding Triangle) c)This type of formations are considerer continuation structures d)The price Broke out the corrective structure and now is making a pullback to the...
4H CHART EXPLANATION: Price has been on a strong bearish movement since March, and two weeks ago, it broke the Descending Channel. The Resistance Zone tried to hold the price, and did it for a while, where price did a retracement. Last week this Corrective Structure was broke, and now the are good possibilities of a bullish movement towards the Daily Descending...
4H Chart Explanation: - Price bounced on the Resistance Zone. - Price broke the Ascending Trendline. - Bearish Divergence on MACD. - If the bear move starts, price should break the $59 level to continue towards the next Support Zone at 55,10 and, finally, to the Support Zone at 51,4. Our Weekly and Daily Analysis also support this short idea! Take a look. ...
4H CHART EXPLANATION: Last week we posted a LTC/USD analysis, where price was facing the confluence zone between the ascending trendline and the support zone. This was a strong zone, so a bounce was expected there. As we can see now, it could not hold the price and was broke with a big movement. The most likely situation at this moment is a downside move towards...
4 Hour Chart Analysis: - Price bounced from a Mayor Support Zone. - Price broke the Bullish Corrective Structure. - Bullish Divergence on MACD. - If price breaks the Minor Resistance Zone at 0,881, potential to move up towards the Middle Resistance Zone at 0,896 and, then, towards the Resistance Zone at 0,926. Also, our Weekly and Daily Analysis supports this...
Consider this as a guide to develop your own setup. Main Items we see on the Weekly Chart: -Price is inside a descending channel since August 2017 -Currently, the price is facing the higher trendline of the channel + Resistance Zone -We consider this area as a major zone to look for reversal signals -See how in all the previous bearish movements we had a...
4H CHART EXPLANATION: In the 4h chart, we observe that price bounced at the Resistance Zone, breaking down the Ascending Trendline. At this moment it is on a corrective structure pullbacking the broken trendline. We expect a breakout from here, and the bearish movement has potential to reach the next Support Zone. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
4H Chart Explanation: - Price broke the Descending Channel. - Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times. - If price bounces from here, it has a long potential movement towards the Resistance Zones. - The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764. The Weekly...
Consider this as a guide to support or discard a trade idea of your own. On the 4HS chart the main items are: a)After the price hit 13.000 we saw a broke out from the ascending trendline and an ABC formation from the broken side b)This gives us information that the price wasn't able to re-enter the previous zone c)To confirm that the price broke out again...
4H CHART EXPLANATION: Last week we posted this chart when the downside move was starting, and the potential target was 100. Effectively, it was reached, and now price is on a confluence zone between the support zone and the ascending trendline. As this is a strong level, a new bullish impulse can start here, towards the previous Max. level at 140 on average....
DAILY CHART EXPLANATION: Good morning! LTC/USD has been on an uptrend since beggining of the year on a 500% movement on average. So it is a big impulsive movement, and also did a breakout of the ascending channel, faking a breakout and getting inside the channel again. The mid/long term vision on this crypto is still bullish based on our analysis, but the...
Consider this as a guide to develop your own setup Main Items we see on the Daily Chart: -Price broke out from a weekly triangle -Currently, we can see a Flag pattern that found Resistance on the lower trendline of the Weekly Triangle -Flag Patterns are considered continuation structures -We can see 2 failures of the price on re-entering the Previous Broken...
Consider this as a guide to develop your own setup Main Items we see on the 4hs Chart: a)Price is against a Resistance and the Descending Trendline, both combined create an interesting spot for reversals b)We can see 4 previous scenarios with similar characteristics to the current one, use them to see how price evolved c)On the Chart we place Entry zone, Stop...
4H CHART EXPLANATION: After the big downside move, price recovered almost all the way down. Now it seems that the Daily Resistance Zone is holding the price, and it broke the Ascending Channel. So, if the Daily trendline is broken, then we can expect a downwards move towards the previously tested Support Zone. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
4 Hour Chart Explanation: - Price is currently on a Support Zone. - Price is on a Macro Triangle Structure. - Bullish Divergence on MACD. - If price breaks the Descending Trendline at 0,4945, it has potential to move up towards the Resistance Zone at 0,7646. Our Weekly and Daily Vision also supports this long idea. Check them! Weekly Vision: Daily Vision:
On the Daily chart, the main items are: a)Price is against an important support zone in which we observed 4 reversal scenarios in the past b)Price is against the broken descending trendline which works as a support c)We have a blurry ascending trendline that can work also as support understanding the context with a) and b) What are the 2 yellow lines? The 2...
4 Hour Chart Explanation: - Price bounced on the Resistance Zone and broke the Ascending Channel. - Bearish Divergence on MACD. - Price is, currently, on a lateralization. - We expect price to move down towards the Support Zone at 0,6885. However, we are still long in our Daily and Weekly Chart Analysis. Weekly Vision: Daily Vision: Updates coming soon!