I Believe crv is in a cup and handle pattern. And has just seen a strong rejection from a key sr. Also on 11th and 5th of feb price tried to pass over the 0.618 fib level at around 3.64 however i believe in the coming days CRV will brake through this level!
however please keep an eye on BTC and BTC.D( bitcoin market cap dominance) as they will have a huge impact on price.
ETHUSD we have seen a great push up along side bitcoin.
One doing well helps push the other crypto currency forward.
Anyway a break of ATH which I am anticipating to happen we should see ETH go to target price of 2065.
Waiting on confirmation of break before entering trade personally thanks.
Eyes are still very much on this pair.
No opportunity presented itself last week, but at the moment we have a nice and clean potential double top forming. Naturally, we need to see this neckline taken out before we can trade it. The double top itself (although it cannot be classified as divergence) is showing significant signs of weakening, through the MACD and...
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...
Here we can see a nice break of the bullish trend and price has found support here. adding in a fib we can see if we get the drawback we expect we'll have 3 confluences to get into a short term sell position. 50% fib, structure just above this fib level and a retest of the bullish trend.
let's be patient and see how we get on
As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which...
Price reached 61.8 & 78.6 retracement zone and took an entry expecting the chart to play out with the fib extensions aligning with resistance and previous daily highs.
These highs need to be wiped out before we move lower where a double top structure or similar would confirm this, that would be next week potentially unless we stick with the bullishness.
EURAUD didn't quite reach our previous buy limit annoyingly as it has flown since our last analysis! but that's forex so don't just trade because you've missed out be patient. We can now see a slight retracement on the pair allowing us to get into a short term buy. A little lower than the 50% fib we can see a nice support level that we can use as our next level of...