Structure, structure, structure!!! Do you have any idea how much the market loves structure?? It's almost like it can never get enough of it and bitcoin looks to be turning back to structure again but this might be the last time it returns to previous structure because after that we can expect the market to resume it's uptrend and break the previous high.
The price formed a triangle pattern, historical Level breakout and completed the pullback to the historical level. The possibility of price growth to the specified levels.
AUDUSD is testing the top of its sideways formation showing signs of reversal with candles formations and RSI at overbought levels. We are sellers at current levels with stops above the highs, targeting 0.7485 and 0.7475
NZD/JPY has traded into a 4 year high prior to the NZD Credit Card Spending data. Technically the Daily chart RSI is oversold, and the 1h chart rsi has bearish divergence. We have just exited our buy trade, and are now looking to reverse our position!
1.2369 has been a key upper boundary to watch. Four key price action points that I have been watching point to upside potential. 1. I wouldn't necessarily classify this as a fakeout. However, price traded below and failed to push lower at this point. Price went back above the 1.23165 lower boundary level. 2. This is a drift term. After a bullish spike, price...
CRV will easily touch the $6.30 mark with no issue then it will aim for ath by mid-December and rocket even more.
Flag Pattern (Pennant), the price is about to breakout the dynamic resistance, and the RSI crossed 50, there's possibility of price growth to the specified targets.
Monero (XMR) is setting up for a bullrun, just created its second wave of expansion to the upside, holding higher with huge demand, still without making any significant correction, which soundly demonstrates that the market's appetite for Monero is at its very early stages, as central banks keep on steamrolling their stimulae packages, printing money like there's...
Dynamic Resistance level breakout (purple), and the reaction to RSI 50. The possibility of price growth to the specified targets.
If you looked at my previous analysis on harmony one you will see I put on 4 targets, we have touched the first 2 targets and close to the third. I believe we will touch $1 in no time.
So gold has finally broken a through a trendline and signs are it's heading up and the first stop is likely gonna be at the 127.0% fibonacci extension followed by the previous structure @2073. We will likely get a minor correction before we take off so you still have time to get your orders in!!
XRP is forming an interesting structure and we could finally be on the verge of launching one more rally that will likely break the $2 mark. Here we have bullish corrective structure and a bullish gartley pattern so i do expect to see some kind of a bullishness soon
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Good afternoon all! There seems to be a possible break of the channel structure currently in motion in (XPD) Palladium. We have been witness to a series of nice impulsive and correctives whilst the channel has been in play but it seems, to us anyway, that the channel could be coming to a potential turning point in the market. Should price complete a full...
AUDUSD is testing its first resistance area for today where it meets previous tops, the upper Bollinger Band and R1, showing reversal signs. Stops above 0.7517.
Retest from last week . Can Aussie continue Trend to upside from last week? Let’s see. Might be good spot to go long don’t go for fake out.
GBPUSD started the week with a correction at the broken trendline and now it seems that the move is over. We will try Sell positions at current levels, adding more at 1.3800. Stops above 1.3825 targeting 1.3730
Not going to rush anything this morning, PA has been a bit choppy from last week and would prefer the market to truly show its hand. The longs from the demand zone marked are the HP so far which will take us up into a nice 4h supply but as always lets see what price give us. Have a great start to the week traders.