This is the first time I am publishing an idea on TV - hopefully it's useful to you guys and your feedback would be educational for me!
I've annotated my thoughts on the charts themselves, let me know what you think?
After a break and retest from a descending wedge the pair broke into an uptrend. Price has come down to levels of support on new trend line. Currently looking at candle stick patterns on smaller timeframes for potential long entry.
Bitcoin is has been rejected perfectly from the intial target of 55-56k. It is to be expected that bitcoin will form a higher low, before making it's continued move to the upside.
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Today, abn inverse head & shoulders formings, as well as support being found outside of the downwards facing wedge BTC previously...
Here i am highlighting possible areas on the AUDUSD where we will be able to take a trade decision from.
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There is a strong trendline/support level around the $0.42000 level which i believe should be respected. This will also keep the smaller inverse H&S around that same level intact. The bigger one being around 20 cents
ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI...
This currency is one of the lovely currencies in the cryptocurrency market because of its wild movement and rising !
As a result, I considered that it's like an inverse head and shoulders pattern in order to if don't break the red line trend we can buy to get a short term 40% profit! don't miss this opportunity and good luck 🤞 ~__^
GRT Is printing a potential bullish inverse head and shoulders pattern. If confirmed, I expect GRT to make moves towards $1.00 after passing 0.88.
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