Overlooking the entire chart data we have on XRP, we can see that the largest impulsive price movements are found every 261 days on average, indicating that end of January/Start of February may show another large impulse to the upside.
As a zoom in from a previous chart analysis, gold went with pace to 1486, as of late a Trump tweet sent it back to 1470, nothing special here, the overall trend still shows a break of 1600 in the new Year, I forsee further break of 1700 by May
Stochastic RSI on monthly chart is highly oversold, and the price has reached a level that is parrallel to the last two highest peaks. if history repeats, then we may be set for a major upward movement.
After a break of new highs due to the elections GBPCAD is coming into a correctional phase. I will be looking for previous support to be retested along with the 4 hourly 50ema and the 50-61.8% fib retracement before looking to go long with the target of 61.8 extension level
Platinum has broken out and is now either consolidating or correcting. In this screencast I show how I approach it from a trend following perspective.
Disclaimer: This is not a recommendation to trade securities. Should you do so, your risk and losses are your own. In other words sue yourself if you lose your money.
Here we have a classic by textbook diamond formation, sign of an equal power between bulls and bears,
Long term the price will follow the direction of the break out in which case that direction points upwards.
The macro scale of the price action also shows a bullish divergence inside a descending channel that price has been consolidating for the last couple of...
An ascending channel has formed with a lower long-term parallel trend line being touched, Fibonacci trend lines touch up with multiple major support and resistance levels. If projected properly, price may see ATH July next year with a rally start in the coming months.
ENJIN Coin has seen 2 significant pumps, the first on 25-26 march and the second 8-10 march following news of their partnership with Samsung on their latest device.
As seen on the chart, ENJBTC has broken below the key resistance level which was 5500-5000 Satoshi to bounce right of this solid support level of approximately 4000 Satoshi.
We believe the pair will...
After an overall bad few months for the precious metal, we can expect a start to the upside now. Historically gold tends to rally through december/january.
We can see, the lows of november hit the critical 0.618 retracement level indicating to me the start now of the correction. Upside target of around 1555 possibly looking further to 1600.