Last week we placed 3 buy zones on this coin in line with PA.
Crypto flash crashed across the board over the weekend, and you could have picked up a lovely buy position off our second buy zone.
We can see price is currently residing in and around our first buy zone. Is this 4HR bearish candle another pullback before a push to the upside?
Ethereum - Daily Chart
Zoom out for the bigger picture. Crypto investments can offer a great way to diversify your portfolio!
We have identified two potential buy zones on Eth. Lets see if price does dip to one of these levels. Patience is key!
Disclaimer: Crypto investments carry a high level of risk and you should only risk money you can afford to lose!
Workhorse is slowly retracing after printing its ATH back at the start of Feb 2021 for $42.93.
We are currently sitting at the midpoint of the ascending channel at around $34 .
Looking at the speed of the WKHS rise I would like to see a retrace back down to the box marked on the chart, with confluences at the 0.618 Fib , 200EMA and Volume profile and the...
Currently at the end of its cycle too now start its bull run again after touching major support T/line as you can see on the time bars all bottoms to top of this ascending channel at 1097 days for last two swings so now for another leg up too 2.2000 area in 3 years time. Harmonic elements/pattern also suggesting a 1.618 projection along with the Fibonacci retrace...
Using all the price action we have on gold we are at the peak of a bullish channel that goes all the way back to the beginning of PA.
Should we continue to see bearish price action whilst trump props up the $ for re-election it would make sense for this scenario to occur.
This would cause everyone to have a huge sell off on all markets, I think.
We would then...
Lovely little set up here. GBPJPY approaching a double bottom set up and a key buy zone historically.
Confluences for this trade
1. Need to see price reach same area as previous bottom. If not i will not take the trade. Once reached look for continues rejection probably on lower time frames (15 min and 30 min).
2. This pair has dropped a lot recently so normally...
Failed to keep that higher high at "A" platinum heading south to find more value
Staying above 960 would be quite good as we will have just one more higher low on the chart which indicates uptrend.
Failing to hold these levels we are going to find support back to that buy zone at 950- 956 BUT we do have a head and shoulder pattern forming as well that doesnt...