Dogecoin has been in a downtrend ever since that big spike we saw in May. We are now approaching the THIRD touch of the structure level at 0.16.
Looking to see if there's enough buying pressure to finally break Dogecoin out of the bearish phase.
We have a descending trending leading towards the structure. We can monitor that for a break to the upside to...
DXY has had some really nice price action which were clear. When structure is used, one can easily identify important areas where price can react.
The next area we are looking for price to react is 94. Once we reach that level, we can reassess and see if price will go higher or not.
Will be looking to take advantage of this last push by shorting XXXUSD...
Our last EURNZD analysis played out perfectly and we managed to bank over 400pips! We are now approaching another strong area where we can look for buys and look for another 400pips.
On the chart I have indicated the various impulse and corrections.
We appear to be in an ABC correction and we are approaching the major trendline and a previous structure where it...
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
Gold is approaching a key level where we will be looking for key price action to tell us whether we can sell back down to the major trendline.
Will be looking for bearish price action at the 1845 level.
Goodluck and trade safe!
GRT has been within a descending correction since March and we've finally seen a breakout.
The area to watch is the 0.64 level where we can have a possible retest. Alternatively, we can also look for bull flags to take this higher!
Axie Infinity Shard has had some massive gains recently but this could all be temporary. The market has been spiking up and down with no clear direction. What we can do is take advantage of the pump and dump market to make quick gains.
Watching for the trendline to break to signal bearish reversal with targets of the 61.8 fibonacci which falls nicely with our...
Tron has reached our area of interest where we will be looking for buying pressure for a reversal. If we break below this double bottom, the next place we will look for buys is the channel support. On lower timeframe we will be looking for a break of the descending trendline to confirm our reversal.
After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
Looking nice here, we have a nice BOS now with some good mometum on the LTF, for a risk free trade as 5% has been banked from my previous call and 5% is still running, will update to see how price plays out
Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
Watch for price to...
Cardano has had a few attempts to break out this year but somehow manages to lose steam on its way up. We are now approaching a pivotal price 1.15 where we have multiple confluences for the upside. However if we break that level, we could see Cardano tumble much lower than the major bull run this year.
Again we have a descending trendline which we will be...
Why are we entering?
- Price is at channel support
- We have previous structure at the channel support area
- We are expecting EUR to strengthen for the short to medium term
What are we waiting for to happen?
- Waiting for one 4H candle to signal bullish pressure
- EUR index to reject structure level
What is our confirmation?
- 4H bullish candle
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
USD pairs are setting up for another move. After DXY had the massive bullish move, we need a brief retracement period. We are approaching previous structure in a descending correction which we can monitor for a breakout.
Consider setting alerts at the 91.4 level so you can get ready to take trades for USD pairs.
We're particularly interested in EURUSD and...