this is my analysis looking for buys i am already in a buy but i want 58 to break so i can get a clear run to 63 which is next key area , best buys come in after 73 74 you can a clean run towards 90s..
i draw my fib from bottom key zone to top key zone goldern zone fits in perfectly with key rejections , gold is in range for now but should break soon ... will do a...
BTC has broken down from the widening channel we have been moving up in since the 4th of January. We need to hold $37600 (local support/supertrend) - $36200 (Macro Fib 2. extension) or we could see a move down to the landing zone around $34000 where we have major support from what has been the top side trend line resistance for the majority of this run. We also...
looking at long bias. currently 100 pips up, waiting for price to get out of this minor consolidation zone.
- Weekly still uptrend overall, aiming for 142.700 resistance level.
- Daily level 140.350 ,also a 61.8% retracement. Overall uptrend
- H4 100% retrace also overall uptrend
- H1 minor structure broken however there's enough momentum to hit...
Gold hit a major resistance zone that turned support today and it's looking bullish. With further confirmation, long positions can be opened to take profit at the first resistance zone then if price shows bullish momentum, we can look to take profit at the second resistance zone.
Perhaps WBTC will break off from the trend of other coins and get another pump upwards, with there being room on the Relative Strength Index (RSI) for more price increase before it goes into over-bought conditions.
GBPUSD seems to continually be bullish, after Brexit deal finalised and only a slight restraint on lockdown rules, potential for more upwards movement! TVC:DXY continually bearish which backs the bullish potential. Triangle pattern forming including increased spacing on the 20,50,200 ema.
Hi people this is an update to my previous analysis on GBPUSD. At the minute were in the last build up stage of the wyckoff which means we are in a range. Once we break this range/support as seen on image i will anticipate a pull back to support turned resistance and enter my final position before the move to the upside to grab those equal highs. The uk has just...
It looks like might have a minor pullback which will be a great chance to load up on longs for the next leg up.
My reasoning is:
-ADX is reaching a common reversal point, while DI+ is weakening giving bias towards a change in the trending behaviour.
-Stoch has crossed down and will remain so anywhere under 27600(approx.)
-MACD is showing bearish divergance as...
VUZI is currently in a consolidation and is looking pretty positive. With all the news surrounding the company and its smart glasses being used by more and more companies, it's highly likely to start going up. A safe long position here (according to me, and I can be wrong 😅) would be to $4.50 - $4.75 with a stop loss at around $4
Here we can see a level little 4hr structure area where price has previously reacted.
If we add in this 4hr bearish trend we cams ee this previously broke out and we are now looking to test this level along with the 4hr structure.
Good opportunity to join this long trade.
Come and have a chat if you need any help
Looking at the 4 hour chart on GBPUSD, going to see this backbone out long term. We can see several points of support across the trend line, along with a supportive price point from previous low highs. Id expect with the election and a seemingly likely overtake from Biden a weaken in the dollar which will only help this movement, however the UK going into the...