Monfex is at your service and today we overview ETH/USD.
What do you expect from Ethereum ?
For now ETH locate near the support line of an ascending channel or bearish flag. Maybe here we see a small Head&Shoulders pattern, it looks strong near the support line. But if the blue line of support will be broken, then the bears will probably push the...
Monfex is at your service and today we overview BTC/USD.
Bitcoin in the middle of the great flat zone from the end of September, locally - BTC also in a small flat range and by breakout the support(~ $ 8180) or resistance(~ $ 8470) levels of which we can define our nearest targets.
Globally - situation more bearish and the level of $ 7000 and...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.85.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=135.45.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
I assume the exchange is building a fractal sequence a week ago. This theory is contrary to those who see the exchange rate in a downward channel. In my opinion, the correction sequence is one that shows that the exchange rate is constantly building up the fractal base needed for the rise. If you look at the "blank squares" in the analysis, you can clearly see...
Bitcoin (BTCUSD) did not move to 9k, which is obvious, it continues consolidating within a range...
Sideways Bitcoin = Altcoins Growth
My previous analysis on Bitcoin remains valid (you can see it below), we now proceed to take a look at the Altcoins growing more and more.
Bitcoin (XBTUSD) Moving Aries | $8.6 -$9k | Short-Term Full...
Hope all is well. My 13th published trade on Tradingview.com (EURJPY was a huge disaster and stop-loss was hit)
*Please keep yourself alerted on my trades, I will advise either on my Instagram (@Saifsofficial) or in the comment section in Tradingview.com*
Taken this short on a 4hourly time frame based on the price, rejecting from a major...
Price seems to have reached a bottom but overall we are still in a downtrend and i do believe we have more downside coming for this pair. Nice head and shoulder formation forming on the 4H chart. We can see price break back into the daily down trend and continue down to 0.6500 before looking for long set ups.