A squeeze on the Bollinger Bands could be happening in the coming days. This usually indicates consolidation, and an exit from such a pattern is generally explosive. You can see that it has already happened once on Pi. So, a good squeeze on the BB followed by a breakout of the 'bounce zone' would be a strong long position, with a stop-loss (SL) around 1.6. The...
The price has already tested the support and failed to break it. The best thing to do now is to wait for a re-entry into the zone with an upswing and good momentum. Do not take a position if the price exits slowly. Wait for another re-entry or a different type of signal, like a retest of the new upper resistance. A good SL could be the previous resistance, which...
Today was a big day for Pi. We are getting closer to the ATH of 3.4. The market should not have any reason to reverse in the coming days, but it's important to watch the new level of 3.0 that we need to break. The price can range or continue to retrace a bit (to the SL zone). Another possible scenario is a bearish triangle break (green arrow), which Pi seems to...
The price was "ranging" today but still seems to be following an uptrend. If the triangle is broken with acceptable momentum, it could be a good indication for the price to reach 2.0 or at least test 1.7. If a position is taken, I would recommend going break-even if the price hits 1.7. If you want to try to short, you also have some hints on the graph. Good...
As mentioned in the previous analysis I posted here , the 0.8 is finally broken, and the price even topped at around 0.9. Now, the key is to look for a reversal that confirms entry into a possible range. However, if 0.9 zone breaks, the next levels to aim for are the yellow levels marked on the graph. Have a good week-end.
The price has settled at a really good level, around 0.7, after a panic sell. This is a really good sign. There is almost nothing to lose by waiting a bit longer for the European and U.S. exchanges to open. See you soon, guys.
Hi traders her is my analysis for the biginin of the week Before the price returns to a historical high the price might risk of doing a retracement to continue elliott wave visible in h4 (blue line) and because we broke the trend line (purple line). during the future retracement the price will pass by several resistence which will serve us as potential TP. if...
waits for the price to be over the 12990 resistance and whe aiming the 13143 which is an important resistance. if you like this analysis or dont tell me why in the comment section, thank you