While I've Done Very Well with Longing Perp and have Longer Term Price Targets Above $20 I see a Correction on the Daily coming For Sure. We have a Huge Head and Shoulders Forming With THE MACD Calling a Sell Signal During the Formation of the Right Shoulder, These are big warning Sign Don't Let Volume Fool You This is Typical To Head and Shoulders as Sellers are...
On the Day Chart we have a Descending Triangle Forming. With the Price Target Aligning Well with the 200 Day MA At 33,000. I'd Expect This Being a Quick Correction As We've Had a Golden Cross on the Weekly Which Can take a Couple Weeks to Really Take Effect, So i'm expecting this to be the last down draw Don't be psyched out this is crypto! We also have the...
Moving Averages Have Crossed Moving Downward and are still going down with no look to be curving back up showing bears have stregnth on that note. The Macd suggested we have a bit of downward momentum coming still We have Buyers Volume Dropping out With Selling Volume Coming in Heavy
Early guess of the bottom is between November 2024 and March 2025 which relatively falls in line with the originally projected bottom from July 4, 2022. This is where Cycle B has topped thus far. It was in the larger target area from my December 13, 2023 analysis, albeit at the tail end of the box. Time for the study models. 1 - MOVEMENT EXTENSION STUDY The...
Things appear to look good for Cycle C so far, but the top within the next 2 days is crucial to confirm we are in fact in the early stages of Cycle C and Cycle B ended last year on December 28. Looks like Intermediate wave 1 ended last Friday, meaning Intermediate wave 2 could end soon too, if not already completed. The first study is the historical percentage...
Hello,Friends! The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.712. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/USD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.084 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
GU has been building up for this drop all week! Closely monitoring price for London open as we have GBP news just before open and USD news just before NY open. I'm thinking we should get a nice swing move to break the low that was created this week.
Hey Traders. in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89300 zone, AUDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance area. Trade safe, Joe.
In today's trading session, our focus is on XAUUSD, where we are monitoring a potential selling opportunity around the 2020 zone. Gold, currently in a downtrend, is experiencing a correction phase as it approaches the trend at the 2020 support and resistance area. Adding a fundamental layer to our analysis, let's delve into the recent Consumer Price Index (CPI)...
The cryptocurrency market has experienced significant volatility, and Ethereum (ETH) is no exception. Following a complex correction, Ethereum's current price movement suggests that the bottom may not yet be in sight. In this update, I will dig into the ongoing correction, explore Ethereum's short-term outlook, discuss the potential for a rally, and consider its...
Hello,Friends! CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello,Friends! The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.461. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.696. ✅LIKE AND COMMENT MY IDEAS✅
The EURUSD broke through the upward trendline at the end of last year, due to USD strength. This downward move saw the formation of a bearish flag pattern during the first half of January. The EURUSD has now broken the channel and the support level (61.8% Fibonacci retracement level) to signal a bearish continuation. The target level could be the next support...
GU is finally approaching a zone that I have been waiting to see it react to. The Dollar is very bullish so I'm expecting to get a nice sell opportunity in this area. To see it moving bullish now during Asian range it builds my anticipation for seeing some bearish action for London. Sitting on hands for now.
In today's trading session, our focus is on GBPUSD, where we are monitoring a potential selling opportunity around the 1.27100 zone. The currency pair, which had been trading in an uptrend, has recently broken out and is currently in a correction phase, nearing the retrace area at the 1.27100 support and resistance zone. Adding a fundamental perspective to our...
Bitcoin will soon crash starting from 5th of february. When looking at the historical price action , we can see that btc crashed after 819 days during the 2017 and 2020. Also during that phase after 707 days btc pumped from 6k region to 10.5k region which was almost a 70% pump. The same thing happend during the 2021 and 2023 where btc after 707 days started...