This pair is a definitely a Long trade. Looking at the previous time frames with 1 Day and the market is trending up, On June 9th 2020 the market has touched the 0.70374 after a 31st December 2019 and has crossed the resistance level for a 1 Day chart.
As it is trending high the market would touch the next resistance point at 0.73726 before the trend reverse....
Using the Fibonacci, we see that the maarket has been down and touch the 50.00% of the scale and will now bounce back and head towards the bullish market.
This strategy is not responsible for your profits or losses. Please do your own research and place the market orders.
Once the candleSticks has touched the support line, there is a poissibility of the reversal and the trend might change to Uptrend and most likely the possibility to continue the downward trend.
This is just an analysis and it not not an reccomendation to make your trades.
This analysis do not take any responsibility for your loss or profits.
Waiting for the...
According to the analysis with the help of MACD it is seen that MACD has touched the support levels and there are chances of most likely it would be bonced back and it's going to be an Uptrend.
This is only an idea and my strategy. Please do your own analysic.
This analysis is not recommended and do not take any responsibility for a loss or gain.
I see 3 potential outcomes from this pair, 1. a push higher to test the monthly support and then a further push higher, 2. consolidation between 71500 high and 71120 low before a push higher and 3. this pair gives up all its gains and drops down to 70100.
Trade at your own risk.
Xrp haftalık grafik de çok güzel bir nokta da, hacim çok yükselmiş, 2017 boğa koşusunda bile böyle bir hacime ulaşmamış ve klasik bir AB=CD formasyonu var.
Here we can see a potential reverse H&S Pattern beginning to form.
I will be looking for long position once gold taps the 61.8 fib retracement level to form the right shoulder.
We already know that if this pattern forms once the neckline breaks it should break the same length as the neck to head.
After putting in a fib extensions from the 61.8 retracement we can...
With the economy reopening the demand for crude oil is returning to its normal levels and this means we can expect to see a further rise in oil prices. However, with rumours going around that the storages for oil are more full and supply is too high it is unlikely that we will see a full restoration of previous prices. This said it is likely that we see a touch of...
- We are seeing a series of higher lows
- Some nice long wick rejections off the upwards trend line
- Currently sitting in the 'Golden Pocket' area of the Fibonacci
- Would be looking for a pullback to the trend line and 0.786 Fib.