ZECUSD price action is in the last stage of creating a cup and handle pattern which will iveitably shoot out to the upside of not less than 50% in the near future. A retrace of 50% Fib can be expected as there are two long term resistance levels present. With a sustained push and momentum behind, target of $500 is attained easily at 128% fib. If resistance pen is...
Strong resistance at 169.86. looking for a high volume breakout to continue the uptrend for a strong rally.
I think once 82 checked and confirmed, the journey will continue to 90 level, We should know it within the week end. Good trade all
Daily trend is at its peak on Bitstamp, BITSTAMP:BTCUSD however, Bitfinex BITFINEX:BTCUSD i s on a different wavelength. Resistance is met on Bitfinex from the top of what I like to call the awakening of Wall Street. ($1,800-$4,400) But as Bitfinex showed last night, they just don't care. It is going to be an interesting 24 hours. For now, my...
ETC/USDT is showing a bunch of pennant formations, which are normally interpreted as bullish continuation patterns. If The price of ETC can break past this last flag and pierce through the previous high resistance at 22.5$, it will go up to 25$ and more. A stop loss could be set at 21.5$.
price action of XVCUSD consolidating at the resistance level at the wedge apex following a multi month trend line. A breakout to the upside would mean a return of 80% until any real resistance at $1.2968.
Lets see what Resistance level does. If it breaks out convincingly then long would be best. If it retraces we should look at price action, With little bearish momentum take profit at support, with more bearish momentum see if support levels can be broken for bearish reversal on a longer timeframe. Be sure to monitor a short, since the trend is still bullish right now.
Pair may fall where it is or pullback up to 800 sma and top range level. TP 1 Short is 50 sma TP 2 Short is 100 sma
The graph is commented on the main aspects of the operation: Buy: the ideal entry would be to expect a crossing of Kinjun (pink line) by Tenkan (blue line) from below and with force. However, they are a couple of resistances to overcome, probably the price won't take off until it cross these levels and our entrance should be there. Sell: around 15.5 - 17.5 USD...
I believe that BITCOIN has still some strength to go up. For couple of months, BITCOIN has been moving between LOG SCALE Resistance and LOG SCALE Supports shown by red lines. Buyers are not really tired at the moment and I believe BITCOIN will move upto 6430-6450 levels and then start going down once it touches the LOG SCALE Resistance shown by red line.
AUDUSD is approaching a resistance zone which may provide an opportunity to re-enter into a short position.
As i analysed the bitcoin for a moderately long term strategy. Seeing the Fibonacci retracements , it shows a correction ahead till 4600. ALso the resistance levels coincide to give the support level at 5100. Seeing both of these i think it will go somewhere till 4800-4900, and then shoot up again. So that would be the best possible point for buying for a term of...
Engulfing takes out full range of previous spike candle/gravestone doji. Pending order set to take a 2:1 profit at the lower resistance where it gets a bit wicky.
I just got stopped out on the recent Bearish engulfing. There's significant rejection of the 20 SMA but I don't like the look of the opposing wick on the current Bullish candle so I will wait for further action before taking any positions.
Similar to EURJPY. Currently at a resistance level, so watch for some candlestick patterns to form here. Failing this, we may head up to the higher resistance area, take out the stop orders from trader's holding sell positions and then maybe get some Bearish evidence to get short.
One level of resistance already taken out and it's heading to the major swing high. Also at the outer Bollinger Band so maybe we can expect a reversal? Another one on the watchlist.
This one looks super promising what comes to team, tech and to overall hype. People are shilling it all over the internet atm, so high gains is possible, but be cautious. TA-wise ZEN had bounce earlier from support and is showing steady growth towards ATH that is our first target. RSI confirms trading in bullish zone.