If you are reading this is because you planning to buy TRON or like me, you already bought and want to buy it again. People asked me about this token a lot. My opinion : I like all the fundamentals about this project. TRX brings to the crypto market a solid blockchain and innovations. I have been following Justin Sun and reading about all his projects since...
DOGE coin surprises this morning with a nice gain for all early holders. I also don't want to miss the train of opportunity I am placing my buy limits at the cheap buy levels shown in the graph. Chasing price now will be silly cause we are late for this impulse leg Patience and Patience is the key. Thanks to all friends/students for their kind words from...
After two successful bear traps, the "King" may be ready to reach new highs. The train will never take off with too many passengers on board <-------- MARKET RULE #3 Thats the reality of trading live markets. Rule valid for FX, FUTURES, and why not BTC/USD.
RIPPLE appears to about to break out of the coil it has been due since its litigation problems began, Now OPTIMISM has been factored in as a form of wick rejection from lows 0.40. As much I like the TA about XRP, the fundamentals must have the final saying. Even though a long awaited court case, the long holders from this token had not panic and sell out. My take...
LTC has reached a strong support level. The buyers presence is obvious now, I will wait for the retest and a breached of the red line to go long. This retracement after a very long trend was needed. LTC may reach new highs in a short future.
CadJpy is showing a strong bullish force. Now it is retesting support collecting orders to possible continue its journey My bias is LONG. We trade probabilities and the chart is showing us that. We wait for more bullish presence before pressing the trigger.
Since our last update, I drew the red line splitting the turf where the bears have traced their line of defense. Price was rejected BIG time. For the non-sayers, It was traced BEFORE not after it happened. Writing posts after it happens is the equivalent to tell us how the weather was yesterday. Useless info. Now, Wed Aug 12th 2020, bulls have been rising...
Price still in a channel. As this particular moment, price has reached a level of support and been rejected. However, the bears still not capitulating and fighting to break thru and may reach the D destination or not. In Daily TF, the overall trend is up. Lets keep watching
JULY 29TH UPDATE GBP AUD From July 20th I pointed out a area for Shorts to be happened but it was violated and price have not stopped until our shaded blue zone. Now July 29th, Price is approaching rapidly to our Defended level by the Bears. I prefer to see a Dueling Candle formation for the first rejection to enter Short. I know the Fundamentals are good for...
THE GBP AUD REVERSAL : I check this chart everyday looking for some hint of a reversal. The bears have dominated for many weeks. Bears may be driving price to the historical low on the chart. Still need to break the 1.81500 aprox to be more pleasant with my longs. The play : wait for a short pattern on the oval marked with pink. If not price will have to break...
This is NZDJPY H4 Chart analyzed with notes for those who took their time to contact me and asked me for the reason of my current bias.
The cable is heading to the previous its previous low still strong in a downtrend to 1.2350. Currently, a nice pattern is forming to act on it.
GBPNZD still with some room to travel south. Target coming up lines up perfectly with our fib level and a respected zone.
Follow up : The Bear Line of Defense was plotted in the previous post. This Line in the sand was defended by the bears strongly. They managed to turned the buying pressure way below. If price want to move up the levels must be taken one at the time. Otherwise, I marked level where price is heading if the journey is south.
AUDNZD has respected our minor level and with a strong momentum may finally move up where the short orders are waiting. Previously, we marked the spot for long idea but price never stayed too long and broke down and hold there for a couple of days. We cant run out of patience and keep watching what price tell us.
GBPJPY was generous and paid us for our time/analysis and patience. Stop Profit move now below BE. 30% of the short left to ride.
EURCHF seems to be leaving the bottom as today broke up the bearish pressure line. We don't know yet, since just one candle, if a reversal (DB) will happen at that break or a continuation. Regardless, this is the first tasks of 3 for the bulls stay strong in control.
Since our last analysis , price raised up to our upper level and bounced back. After this bearish presence, price have a great chance to break down the current level.