Break above .67, long towards .70 Break below .635, bearish structure formed.
Looking for a bounce back to the 600 zone, matching it up with trendline supports. Break below 590, shorts until 565. If price respects the 600 zone, aim for highs and look for a break to confirm uptrend continuation.
3rd (potentially) good crypto long opportunity forming up here. Break above 15.5, target 18.
WEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at...
Expecting a pull back towards 54.50, followed by a continuation towards the 56.00 and 58.00 level. On the other hands, be aware of the corelation between BTC and NEO, because at the moment, the BTC/USD outlook is quite bearish.
Long at 191. Short at 183. TP 208 Current SL 185 for longs
Very strong resistance area where price is likely to reject and drop off. Falling wedge pattern perfectly underneath that level. See if price respects the price level and look for a further move to the downside when it does that.
On the longer term, price did break / about to break the downtrendline. On the shorter term, we see price narrowing on the 1H chart after that quite significant move up. With the NON FARM PAYROLLS (NFP) on the agenda this afternoon this might push it up or down. This means we might not me able to trade this because of the volatility. Personally expect price...
Really nice looking flag pattern on the 1H chart of USD/CAD. Only problem is that those moves are mainly caused by high volatility fundamental moves, and they are difficult to catch. Plus the fact that another big fundamental piece of news is about to be released within the next 3 hours (NFP). Anyways, the technicals are there. 1.30 break , aim for 1.31 then.
Steap move up and with 1 hour left until the US stock market opens it's quite likely to see a break to the up or downside now. Break above 710, target towards 830. Break below 600, target towards 500
Break of the 7720 level can get us in the trade. Target area should be somewhere in the fib zone, difficulty with this setup is that the resistance is a quite wide zone as this is our target. Setup is off the table when it breaks below 7690.
Technicals perfectly matching on this charts. Momentum slowing down as you can see on the RSI. On the lower timeframe (daily and below) we recently saw the impulsive oil drop that does not look like it's going to stop really soon. Price may go up towards the 75 level and build up some decent resistance right there before it drops down. The trendline from June...
BOKA is showing a significant break through the 23 level, aiming for the 21-20 area at least. If this clearly breaks the level, we can expect a further move down. What might potentially happen: - Price goes down and finds support around 21-20 area - Price continues going down ; first targets are around 18
Fundamentals of yesterday perfectly broke the 1.29 level. After the break there was a visible consolidation; during the US session this day we might see a move, with CAD GDP on the agenda. If it moves below 1.2830, bearish outlook. If it moves above 1.29, bullish outlook Take a look at yesterdays USD/CAD setup:
Perfectly formed potential H&S on the 4h timeframe Litecoin/dollar chart. As well as price being on a massive daily support, this is a lovely setup. Break above 123.00 will confirm the bullish outlook. Break below 114.00 will make the trade setup invalid.
Higher timeframe showing perfect rejection of a trendline, extra confirmation for this setup. Looking for a pull back to .69700 , see price respecting that area of support to form a swing up. If that happens aim back for .70 round number, when that breaks; target .70400 / .70500 area.
My view on this is definitely bullish. Break above 82.63 will change this short term neutral price consolidation into a bullish continuation. Break below 82.37 means we changed to a bearish structure. Upside targets are around 83.00 round number
Weekly chart is showing that the upside momentum is slowing down which may indicate the first move of a downtrend. If price goes above 67.60, bullish outlook. If price goes below 65.60, bearish outlook.