Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Today we are going to look at different times frame from the medium to the short term (W1 - D1 - H4 - H1) W1 : Last weekly price action, triggered on a closing basis a "shooting star" which means a warning signal for a potential trend reversal Indeed, such kind of pattern should be considered as a negative point as this type of candlestick is formed when a...
Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is...
Hey guys hope you doing good. Eosusdt showing me bullish. In this bull run we can easily predict it around 22$. Good luck for the bullish traders.
W1 : Last weekly closing level @ 61'538 could be seen at first degree as a positive signal for further upside. Nevertheless, the resistance line of the ongoing primary uptrend channel has not been broken yet and in addition the BTCUSD is currently traded around the secondary uptrend support line (three white soldiers support line !) A failure to hold above...
Good morning to all of you. Today we are going to look closely at the weekly picture in drawing several trading zones : I : BREAKOUT TRADING ZONES II : BULLISH ZONE III : SUPPORT ZONE BREAKING ZONES : In looking at the last three weeks price action, a " Three white soldiers" pattern has been identified and each weekly closing level confirmed an upside...
Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside,...
If you want to surf instead of sailing, go ahead ... But first, take a moment and check out my thoughts about the current movements in this ocean. Waves network is cheap and fast. There is or will be a high demand for Waves tokens because of its Exchange launch. Also, some protocols on Waves ecosystem have their airdrops announced: such as Vires, which offers...
High volatility and "rock and roll"... seen over the last 8 hours... Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-) Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly also triggered a second RSI bearish divergences, calling for a greater caution. In addition, a...
Recent price action is showing a growing uncertainty about the direction of the trend ! Indeed, last H4 closing level is once again showing a potential downside breakout of the former uptrend channel. Therefore, price action over the ongoing H4 period and more important its closing level will validate or invalidate the breakout of the channel previously...
The Mid Bollinger Band (MBB) worked perfectly well so far in rejecting all downside breakout attempts !!! Therefore, as long as this support level (currently @ 54'595) hold, it should be seen as a supportive signal, calling for this ongoing upside move. Watch also technical indicators (such as RSI) which has already triggered, so far, only a minor BEARISH...
Following the strong rally seen over the last couple of days (4 successive white candles) the BTCUSD lost momentum and switch from an upside price action to a sideways price action in a narrow slightly up orange channel (currently in a 53'500-56'500 trading range) and facing right now roughly the middle level of this ongoing sideways/up trend channel. Looking...
Following yesterday's price action, we can now draw a new downtrend resistance line (currently around 55'000) UPSIDE : In order to neutralise, this potential trend reversal the BTCUSD should recover and hold sustainably above 55'000 and this on a DAILY CLOSING BASIS !!! DOWNSIDE : the level of 53'433 (already mentioned in my previous analysis and already...
Yesterday's price action triggered a "DOJI" pattern which is showing a "persisting uncertainty and indecision" about further direction. Indeed, such kind of pattern should be seen as a gentle warning reminder which could impact the recent ongoing uptrend price action... As long as the ETHUSD hold above the clouds area (support area) it is fine and this could be...
Hey guys hope you doing good. To me Nervos looks bullish upto 0.10. This is good time to buy because it is in the zone. Be remember! Always work zone to zone. Good luck
Good morning, today we are going to look at the daily picture. Being in a broad uptrend channel (in green) since the lows (double bottom around 29'000), the BTCUSD, from, its recent upside breakout of the clouds is currently in a more steeper uptrend channel; in making, yesterday, an intraday high @ 55'800 (acceleration triggered by the breakout of the former high...
In attempting to breakout the upside of the clouds the ETHUSD is currently traded at a tricky level; indeed in addition to the potential clouds breakout, which should be validated, at least by a minimum of one more daily closing above the clouds, the ETHUSD is also managing to breakout of a broad triangle pattern which if confirmed would trigger a very sharp...
The breakout and the last D1 closing level above the 50'000 psychological level, accelerated the upside move towards a high so far of 51'915. Currently in a new uptrend channel with its first resistance around 52'000 (former yesterday's high) ahead of former of Sept 6ht @ 52'956. On the downside the former resistance of 50'000 became now the new support to look at...