GRT is currently in a downtrend but we may be seeing a reversal soon. Watch for a breakout of the descending trendline. We could possibly go down further to the 0.23 level where we have previous structure.
In our previous analysis we were waiting for Alpha to move down more to our buy area between 0.3 and 0.5. We are now approaching that area in a descending correction which is often a reversal pattern.
We will be waiting for a breakout and entering on the break with stops below the correction.
Bitcoin is approaching 30K where we will either continue to see the crash of crypto or we'll see a rebound. 30K has previously acted as a major spring for the incredible bull run we had this year. Once again we may see another bull run like this.
Will watch to see how price reacts at 30K and depending on price action, we can either buy at 30K or continue to sell...
So here on XRPUSDT the price has formed a descending Triangle at the Support zone and has got 3 rejections. It is expected that the prices breaks above the Resistance line and goes higher up to 1.04
If the breakout happened at the lower time frame we need to see the candlestick patterns and if we see a Bullish pattern we...
This pair has been on our radar for a while now. Initially we thought that the bigger timeframe parallel channel would create resistance causing CHFJPY to fall down. In hindsight, we should have been focusing on the lower timeframe patterns to tell us what price will do next.
If we look at the patterns in this current timeframe, we can see that we had various...
Dogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and...
In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!
In light of the latest news, the dollar is strengthening.
Thus, the currency pair falls in price.
I have drawn strong support lines, in the area of which the price is at the moment.
We have broken through two intersecting levels,
I expect a rollback to them and further downward movement to a strong support of 1.176. Also, if you look closely, something similar...
The news from the Federal Reserve had a very sad effect on gold , with a strong movement pushing it back into the downtrend.
This is the very moment when unpredictable fundamentals break the whole technical component.
After the destroying movement, I suppose that for some time the instrument will settle in accumulation, perhaps it will be between the boundaries of...
NZDCHF is in a bigger channel and has approached the channel support. We have reached the channel support within a descending channel which is typically a reversal pattern. Also, we can draw a descending trendline and watch for breakout and put stops below the channel.
Looking for the previous top as take profit.
Goodluck and trade safe!
Following our educational post about flag patterns, we are now seeing a bullflag for Dogecoin.
After the breakout of the descending wedge at the end of May, we had a nice impulse and now we are in a correction that looks to be a bull flag. The bull flag support lines up nicely with our previous structure and the 100EMA.
Watch for buying pressure at the 0.28...
Following our last ETH analysis, we were anticipating a rejection of the lows. Price pierced the low and then made a bullish reversal. Currently, price is making a series of bullish break and retests and is grinding on higher and higher. As long as price respects that structure, we can work our way back to the very top! Look closely for bull flags and retests on...
From the chart you can clearly see the different phases of the market - Impulsive & corrective phases. We've seen several bullish corrections this year and we look to be in another one. This pattern is almost identical to the one we had in January 2021 which ended up topping off at 205% increase from the breakout!
We could be in a very similar situation here. Pay...
Here on the 1 hour time frame we see that BTC is in a Bullish channel and has got 3 rejections from the Support line. On the other hand the price is right at the previous Resistance turned into Support which is suggesting the price might go higher from this level. If the Pullback happens it must be around 37978.0