This particular range of total Crypto M.cap has played a significant role in bull markets as well as in bear markets. 1.1 T$ - 1.2 T $ Earlier this area acted as resistance, but then as support. this area has earlier been tested multiple times. in 2017 Same pattern was formed, and after breaking the neckline it corrected almost 76%. if we Assume the same...
as per Ratios, it seems like completion of Gartley Pattern. on 4H timeframe, Rsi Also Shows Bullish Divergence. whereas this particular region, 1782-1805 has played a significant role in Support and Resistance. which is why I believe its a significant area to be on long bias.
BTC has shown bullish divergence on RSI as well as with candlestick patterns. Along With that, BTC Dominance has also increased.
USDCAD is printing Bearish Divergence with higher highs in price whrereas lower lows in RSI. I believe it will correct so short position with target
GBPCAD has printed HL and will retrace to the stated target.
Tool Box: 1. Dow Theory - First HH Printed after Bearish Channel Breakout. - Bullish 2. Candle Sticks - Bullish Engulfing at Channel Breakout - Bullish 3. S & R - 2050-2070 Range will play as Strong Resistance. a) Trendline b) Cup Neckline c) Fibonacci Level This Range could be considered a Strong Resistance as has been respected multiple times...
Firstly, As per seasonals, USD is bearish for the month of April. Secondly, As per seasonals, JPY is bullish for the month of April. also at base Support. Furthermore, USDJPY has also printed LH after Bearish engulfing candlestick. this could result in a huge Bearish Fall. Tool Box: 1. Dow Theory - First LH Printed - Bearish 2. Candle Sticks - Bearish Engulfing...
Tool Box: 1. Dow Theory - Currently in HH and HL - Bullish 2. Candle Sticks 3. S & R - 100 has acted as significant Resistance - Bearish 4. Trendline - The downtrend Trend line has acted as resistance two times earlier. Bearish 5. Fib - 0.786 level has acted as a Strong Resistance. - Bearish 6. Chart pattern - 7. Seasonals and Timecycles - US Dollar index has...
As per seasonals, JPY is bullish for month of april. also at base Support. 2009: +0.22% 2010: -0.38 2011: +2.39 2012: +3.85% 2013: -3.36% 2014: +0.98% 2015: +0.54% 201ó: +5.84% 2017: -0.13 % 2018: -2.6% 2019: -0.47% 2020: +0.37 % 2021: +1.32 % Positive (8/13)
after Breakout from Triangle it should retest. position will be taken on retest and after looking at price action.
Buy now as it has tested 1.9046 support around 3 times. TP1 :1.9294 TP2 : 1.94 SL:1.90462
Buy 1: 1.0244 Buy 2: 1.004 TP 1 : 1.11183 TP 2 : 1.11509 SL : 1.095
As per Harmonic Pattern on Weekly, AB = CD, US 30 is expected to go downwards till 0.618. there is already some price action which has brought it down to 0.786, whereas I believe it will continue to approximately 30000-30500. we will take position once its close below 0.786 ratio.
Short Setup Short @88.84 SL 93.14 TP 82.793 RR: 1.53
Brealout From Trend line Reclaimed Support Zone. AND Breaking resistance at 1.218
EurUsd is printing HH and HL and confirmed support and will be moving upward from here
Script printed Bearish Engulfing pattern. we short stance with 94 as SL
Furthermore Gold has Printed Doji Pattern on Daily Time frame we will take SHORT position with H of the WICK as SL.