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Hello traders investors and community, like many people talking about the next bull or bear phase I want to have a rational look on the things going on, as of talking, technically we are still in an overall big consolidation...
Ellipsis currently is within a big consolidation which is indicated by the violet lines.
The volume drops before the final breakout which seems imminent since we are in the apex of the consolidation wedge.
Daily chart on the left hand side:
- We see the price consolidation into a very narrow range.
- The RSI is hovering over the 50 line and it looks like...
Looking like consolidation is about to be done, and rounded bottom looks almost completed, getting ready to rally towards next resistance
Entry: 0.00002528
Target 1: 0.00002711
Target 2: 0.00002918
Target 2: 0.00003177
SL: 0.00002388
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when...
Really nice consolidation on the daily chart, volume/price spikes all around, this is ready to expand.
Entry: 0.00003187
Target 1: 0.00003542
Target 2: 0.00003917
Target 3: 0.00004271
SL: 0.00002969
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment...
GBP/USD GARTLEY: Staying short on the pound, for obvious reasons. Here is a bearish Gartley parrtern likely to form on the 1H chart. Further consolidation on this pair is imminent considering recent happenings surrounding the EU negotiations and the upcoming US presidential election.
Gartley ratios:
AB: 0.618
BC: 0.382 - 0.886
CD: 1.272 - 1.618
XD: 0.786
You can see that the consolidation shows we are in a bullish behaviour however the descending wedge formation portrays that GBP/JPY has the potential to pattern out and perform a bearish move in order to keep supply and demand flowing. The bearish flag pattern has been identified as this correlates with the potential channel. I believe that the trend will create...
