Simple one legged move, bounce off 36 ema downwards.
Problem: Big area of demand/support awaiting which we have bounced off of multiple times, and we are shorting on a pullback near that zone.
If candlestick on monday is a healthy bearish stick, breaking and closing below 12ema, we can look for shorts, securing most profits at the previous demand/support area...
IDEA (not trading advice, trade at your own risk). Uptrend, higher highs and higher lows. Healthy bullish bounce off 12 emas, easy V-shaped/one-legged pullback move to the upside, targeting next resistance area. Stop losses just under previous swing low.
If the previous price levels hold and we form a triple bottom at the marked up support, we could continue the long uptrend and break out of the wedge with higher lows & higher highs. Targeting next area of supply. No boxes drawn, quite new to tradingview so not good with the tools here. Let me know what you think, this is JUST an idea. NOT an investment...
Simple outlook of this pair on the daily. What happens to price in this key zone will be instrumental in predicting whether USD will complete a reversal to the upside or continue it's decline.
Keep an eye on this pair! Price could break this long term descending channel!
Have a great trading week folks!
Currently at the monthly candle closes this huge spike, still think we need to pull back to sub $0.20 before any major $1 moves in my opinion.
Either this moons in January or November i don't see it being this year though it would be nice, a cross point has just shown itself now.
Lets see if this fib plays out and how these daily canldes closes, the weekly also...
Out of all the pairs, XLM seems to have the cleanest set up for the bias I still have, XRP has done bits this week which I was not expecting but I still dont think this is a parabolic bull run.
Another drop across the majority of cryptos abiding by this current fib retracement and hopefully the extension as well being a huge buying opportunity again.
If we keep...
Technical Analysis from Week frame to 15min frame,
a video with full Technical analysis for the USD/CHF having some strong patterns on the way,
I would really love to hear your opinion on what we have here,
LETS ALL WAIT FOR THE BREAK TO GET THE GREEN LIGHT FOR A BIG SELL,
Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big.
Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset.
A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
1) Price at daily resistance
2) potential double top
3) price is in a bearish pattern
4) Waiting for a 4hr rejection from resistance zone before entering sell
A) If price breaks the resistance looking to buy trades
B) Look out for daily candle closure