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Resistance Purple arrows
Support Orange arrows
This level of support and resistance is a key level on all timeframes and has been well respected pointed out by our arrows, We can only see bullish movement off this level so we will be looking to enter a long position off the retest of this support.
See how simple trading can be and how easy it is to see clear...
Price is currently sat at a very strong resistance level, but we can see it breaking this level and pushing higher, our reasoning for this is the U.S economy is in a bit of a state £22 TRILLION in debt and unemployment on the rise... a recession is just around the corner.
Normally when the Economy is in a mess people run out and buy gold as it is somewhat of a...
Combined with oversold conditions on MACD and logarithmic channel support makes this a great entry to start scaling in. Relative strength is so low if sellers have any strength left to push price down significantly.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2.
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=141.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
While the price is above the support 0.7080, beginning of uptrend is expected.
We make sure when the resistance at 0.7380 breaks.
If the support at 0.7080 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 0.7080 is broken.
The RSI bounced from the...
Following the manipulative pump of BTC on the 8th of February the digital currency has shown to be very stable trading at a average range of 3660 to 3550 USD. There have been a couple of spikes here and there but nothing significant , mainly induced by orders filling. We keep monitoring the pair to see if there is a clear breakout from either of the trend lines....
long bear move of xlm is over and with the recent bull run of btc, xlm also broke its falling wedge... so i guess xlm bull run is gonna be pretty strong and in less than 2 weeks i believe its gonna hit 50% gain...
BTCUSD looks to be bottoming @ 200 Weekly MA.
Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit).
Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices.
Break below 200 MA is certainly on the table still.
This view will change if we...
Ascending triangle signalling bullish continuation.
Fundamentals are good, with an alpha testnet launch only days away.
Technicals support a bullish run in the near future.
Stochastic RSI suggests that we may test the lower resistance again before a major run, but this is not guaranteed.
Targets set at 50, 58, and 66 satoshis.
We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long...