We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the...
Can you spot the bounce back? It's just lacking volume. Keep on Radar.
Sunday analysis. Seems like XRP is trying to break the first resistance which is the last previous highs (closer picture below). Price action looks like it would like to breakout and go 0.68 cents. Good Risk/Reward here. Ascending Triangles target is around 0.83 cents, 50% move. Price has respected nicely the 9EMA support (picture below) Check out my analysis...
Bitcoin, the flagship cryptocurrency, has been caught in a narrow range lately, oscillating between the SMA 100 and SMA 200 on the charts. This tight consolidation phase has traders and investors on the edge of their seats, anticipating a potential breakout. Let's explore what this could mean for the world's most prominent digital asset. The Narrow Range...
The price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend. The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop. Approaching the...
- Sell Signal Below Resistance Trend Line - Squeeze between EMA 144 and 233 - RSI Picking Up - MACD Neutral/Descending Looking back to 2020 we can see a similar pattern. What this mean?!?.... Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000...
📊 The EMA 200 Line: Imagine the EMA 200 as a historical trail, highlighting the average price over the past 200 days. It's like a long-term perspective on Bitcoin's performance, smoothing out short-term fluctuations. ⏳ The Prolonged Stay: Looking back, we find that Bitcoin spent a whopping 280 days beneath the EMA 200. This period reflects a phase of prolonged...
Price action has been adhering to the uptrend channel for a while. Tested res @ 0.165 several times and a base forming on the 0.150 support with the 200 day EMA coming in. Might look for a slight retrace and see whether this candle closes above the 10 day EMA. Has respected most of the uptrend with solid support & resistance points interacting with the 200 day...
When looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom...
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Approaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area. Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970
Hello 500 bros! In the 4H time frame, I see that the price zone 1937-1940 has an FVG and strong demand here. I'm waiting for a liquidity sweep and continue to target price 2000 which I have been aiming for since the beginning of July. I come back with a pending BUY position (buy limit) at the price range 1937 to 1940 Target1: 1960 Target2: 1980 Target3: 2000
NZDCHF is in fine bearish trend and smoothly following bearish channel. Recently the pair has created a rectangle pattern and now break through the rectangle as well, suggesting more downside is on table.
VGXUSDT has broken very important support zone and currently retesting that support. As the price is under 50 EMA pressure it seems like after successful retest of broken structure price may head even lower.
so weekends for many mean relaxing, but for many of us it is, contemplating what went wrong, strategizing our risk management and tweaking our strategies. I Had a thought that instead of trading during news and peak session, why dont we trade after the market has done what it has done and enter when the strength has weakened, this way we might cut unnecessary...
SOLANAUSDT has formed falling wedge and now break through the wedge. a little bit of consolidation was also formed but bullish divergence has play the role to break that consolidation as well.
AUDJPY on daily showing strong bullish momentum with EMA's crossed over confirming buyers coming into the market with a resistance turned into support broken as well as the trendline. On our H4 execution timeframe we are seeing a pullback to the broken daily trendline and H4 support zone which will set us up for long positions once the trendline and support have...
Daily Chart Gold ( OANDA:XAUUSD ) has bounced EMA200 and Support Level at $1893 and it's trading around $1925.565 now Chart 4H TF Gold just has completed a right shoulder and all we need is a breakout and closed above neckline Wait and see next move