By using technical analysis alone on monthly time frame, this lower high and lower low would need to be invalidated for btc not to spiral down this parallel channel into nothingness. Double bottom support with a wick to 12k for launch of btc into new ath?
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical...
TVC:DXY (U.S. Dollar) Up, AMEX:SPY (S&P 500) Down: This relationship seems to be on track again. The parallel uptrend continues for the DXY, with the DXY making a bullish move today. A break above 103.57 and a close here with bullish consolidation may indicate bearish sentiment for stocks.
NYSE:BABA Alibaba Parallel Down Trend continues, below the 50 day moving average. BABA needs to consolidate and break the down trend before it is safe to inter a long position.
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the EUR a few days ago rising inside the upward channel, where it even made a fake breakout, but after this price turned around and made an impulse up to the 1.0785 support level. After this, the Euro broke this level, thereby exiting from the channel and started to...
Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a not long time ago traded near the 0.5800 resistance level, which coincided with the seller zone, and soon reached this level and later broke it too. After this, Ripple rose to 0.6240 points and then started to decline inside the downward channel, where it...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price bounced from $2005 level, it declined to $1980, but then XAU entered to wedge and started to rise. Gold in a short time broke $2005 level, and rose to resistance line of wedge, after which price made correction. Next, Gold made upward impulse to...
EURGBP broke a resistance line of a falling parallel channel after a test of a key horizontal support. I bought the pair on a retest of a broken trend line. I expect a pullback now at least to 0.8579 ❤️Please, support my work with like, thank you!❤️
AMEX:FXI , China Large Cap ETF, shows a Double Bottom pattern. Wait for a breakout of the parallel downtrend or a stop below the double bottom. CHINA IS PLANNING A STOCK MARKET RESCUE PACKAGE BACKED BY $278 BILLION DOLLARS.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
SOLana. Classic bear flag on the 15 minute. Prepare for a move down.
Hi folks today I'm prepared for you Ripple analytics. A not long time ago price started to decline inside the downward channel, where it first rebounded from the trend line and declined to the 0.6350 resistance level, which coincided with the resistance zone and soon broke it. After this, the price declined to support line of the channel, after which XRP turned...
Dow Jones index is trading in a strong bullish trend. After the market set the all-time high at the end of December, the market started to consolidate within a horizontal range. Bullish breakout of the resistance of the range is a strong trend-following signal. It may push the prices to 38400 level. ❤️Please, support my work with like, thank you!❤️
AUDUSD is trading in descending channel and printing consistent LLs LHs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, and also retraced to 50% Fib retracement level. If the sell momentum continues the next target could be 0.6400 What you guys think of...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago price traded near the support level, which coincided with the buyer zone, and in a short time it finally broke this level. After this, BTC made a correction to the buyer zone and then made impulse up to the 41500 resistance level, and also...
Hi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred...