Shout out to Elliott with the wave.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Confirmation bounces of the support and resistance trendlines strengths... AUDCHF will be looking for a break out point at either side for potential profit taking. ALSO take note of the past high/lows if the market exceeds those points its a positive confirmation that an uptrend has broken and a new down trend could potentially be created, or just preparing for a...
Hello Viewers.
Chain Link after a huge boom of Rally, making it lie-under top rannked Cryptos, Possibly a breakout can be seen through the Falling Wedge, Potential Entry is around 50% Fib-Ratio, in support with Over Sold on MACD , RSI and MA"s. Potential resistances on charts are Targets to hit.
I have some channels and ideas for today, lets check them.
I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend.
So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart.
Rsi...
Im looking into a possible Double Bottom on the AUDJPY, if market opens bullish and reach the lvl of 71.238 i think it's confirmed and it's a good bullish move, it can also make a break and retest on that downtrend so we can get a good possibility of a Buy position with a good Risk:Reward.
*Eyes on graphic*
Best Regards
Falling wedge on 15m chart,
Hitting longer term support,
Hitting support zone around S1,
Low volume and low price meaning price will get more narrow,
Lil shooting star on the 15m frame.
Possible Long Position,
ENTRY:1.31024
TP:1.31232
SL:1.30861
Dear Traders,
Happy thanks giving to all of you. I hope you'll enjoy some time with friends and family!
Let's have a look at TBP today, I was keeping my eyes on this one because of it's good looking chart. I was waiting for a volume confirmation and that just happened. Yesterday the stock had 40k vol all day, and today, within the first 15minutes it hit 200k+ !...
BINANCE:XRPBTC
XRP has fallen back in an area where it previously consolidated between 7850 and 8200.
We could expect some consolidation price action again before another impulsive move.
Will have to wait and see how it develops.
Kidman Resources is testing its resistance points after a period of consolidation.
Looking for a breakout above $1.205
Wait for confirmation of a breakout confirming a buy signal.
If you here at the weekly have a 3 drives patter to the t with the extensions check it out let me know if you agree. I have never personally done one that fits so well. check it.
Yesterday I posted my daily chart that shows we have yet to break out of the downward wedge we have been in since december or january. If you look at my weekly chart the trendline is still in tact. Everyone else is using a different trendline. Mine is clear support in December and Resistance in from january on. You can tell that we currently have only wicked out...
