. There is a possibility of temporary retracement to suggested support line (108.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. There is a divergence in RSI and price between the trough at 106.775 on 2019-06-25 and the trough at 104.45 on 2019-08-26, the probability of...
There's a lot going on in this chart. Let me take you through it step by step. I will follow the standard procedure for particularly congested charts by working through the annotations with a series of Analysis Points (APs), with concluding remarks at the end. Let's get into it:
AP1) Firstly, consider the green solid diagonal line which projects downwards from...
While the price is above the support 16.55, resumption of uptrend is expected.
We make sure when the resistance at 18.75 breaks.
If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 16.55 is broken.
The Falling Wedge taking...
Bitcoin (XBTUSD) is likely moving higher now... but why?
On the chart above, take a look at the trend line... This trendline worked as a strong resistance pushing Bitcoins price down multiple times.
After it was broken, Bitcoin challenged the next resistance and came back down to retest the trendline... The trendline held successfully and Bitcoin is now showing...
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...
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.
. There is a possibility of temporary retracement to suggested support line (1.6591). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been moving higher, slowly, since...
A peak price was hit yesterday (11-Oct.) at $8,820 with a long-wick/huge rejection candlestick.
But still, we believe Bitcoin will bounce and move higher, why?
The volume on the drop is really low... Bears are lacking strength. If Bitcoin drops some more and there is still...
though this week was very bullish for EURUSD
I think that the market leaves clear clues that it is overbought and needs a pullback.
you can notice that on 4h chart we have a sequence of two rejection candles in conjunction with
RSI divergence and resistance of a rising channel .
For this reason, I think that...
The exchange rate may have entered a phase of consolidation. Identifying the fractals, it can be seen that the exchange rate repeated the "normal" 37% drop. The falls are regular in size and the same in size. Therefore, I assume that it may start rising from this level. In the event that the fractal sequence remains regular, the exchange rate is ahead of a nearly...