So just as we anticipated, price rejected the 108.600s levels more than once, giving us at the moment a nice ABCD pattern formation to be completed at structure, so clearly we are bullish.
wait for a good comfirfation before taking any position on this pair as altcoin can be extremely volatile, and besides btc is still bulish at the moment. will do an update on this par as it goes.
A very possible upward movement to the $5000s levels if the red support line holds. however wait for price to move above the shoulder, since we have a head & shoulder formation at the moment.
on the weekly timeframe we can see that bitcoin is still very bullish, however with the the help of our fibonacci tool an a trend line we also can see a confluence at the 1.618 levels which bitcoin is most most likely to find resistance at, and a possible reversal. currently we can still be bullish till we get to the 1.618 levels then wait for another setup.
If price breaks the resistant line, it an opportunity for a short term bullish market, from there we should wait for price action to show us where the market is likely to go next.
nxtusdt, very interesting pair under my radar, if price breaks the decending blue trendline with no further movement downwards, this will signal a bullish call. however watch out for a reversal sentiment at supply levels
base on technical/price action analysis etherium as recovered from a bearish trend. i will keep on buying in the deep as market consolidates.
if major resistance lines holds at the top then a bearish senriment has a higher probability on this pair
my trade idea for gbpjpy. will enter trade if dotted lines is broken and gives a nice setup
Looks like eurjpy is trap in a triangle, however i'm neutral for now on this pair if price breaks my first dotted line below i will be looking to go short, and take profit at the second dotted line, and in the event where price breaks and close at the upper resistance line i will be looking to go long. #planyourtradeandtradeyourplan
looking to buy usdjpy at the botton if support still holds.
possible H&S completion or bullish abcd pattern if price will not break and close below the neck line
I'm bullish on gbpcad as the shoulder formation is not completed yet looking at the daily time frame. a posible bearish sentiment might occur to complete the h&s formation but if major support zones is not broken im stilll bullish on this pair.