we held very well with btc then pulling back , i really feel we wil continue to rise , we just need to get over that 21ma which is also the resistance on the rsi 50 mark
hi all , another idea here, as u can see its a clear pattern and is respecting it, its a clear buy signal at the bottom but be sure to use a stop loss in case it falls lower, but i really think we will bounce and go up from there,
be sure to like :}
The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above.
I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G...
Expecting a slight FALL....
Decreasing Volume & RSI also indicates a weakness in price strength.
Reliance flew after breaking it's Channel Resistance in the last 2 trading days.
ZRXBTC. 1H. Nice break out of symmetrical bullish triangle. Not too much to stop this gathering momentum for some upside. 0x Protocol a seasoned & brilliant project destined to continue achieving excellent position within all aspects of the Crypto space.
A symmetrical triangle pattern has emerged, and looks like it is coming close to the end of the chart pattern.
Price has tested the 70.000 key level a few times and bounced back up from it within the current consolidation.
This suggests to me that the price will break out of the consolidation and continue the uptrend.
This could play out to get some big pip gains.
-If Bulls take control of this pair then I will wait for a breakout of the triangle and look to enter on the retest.
-The 50EMA is below price which indicates bullish trend of the pair.
-Top down analysis from the Daily and 4 hour show bullish trend and signals.
-I will wait for a strong bullish candle on the retest and then I will enter a long trade.
The analysis published is of the USD/CHF pair. The potential opportunity I am presenting is a short position. Why?
The thoughts behind it are the pair has been trading in descending triangle for a significant period, and now is
trading within a symmetrical triangle. The position will be taken once there is a confirmation of the breakout and re-test.
The lower...
Midterm forecast:
While the price is above the support 0.9180, beginning of uptrend is expected.
We make sure when the resistance at 0.9900 breaks.
If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see...
price is in a symmetrical triangle while going through a consolidation period.
On the lower time frame, price seems to be reaching a resistance zone while creating HL's and HH's. I am waiting for price to retrace to the newly formed minor support zone to create a new HL so that I can go long until than.
USDJPY is looking Bullish. Awaiting the break in the bullish symmetrical triangle for an entry signal. The pair has a support level within the symmetrical triangle of 110.580 where the price seems to have found support before closing for the weekend. The pair may break the symmetrical triangle bearishly by testing 110.500 level before turning bullish.
I am...
It looks like the price has pushed and is currently testing the resistance level of this symmetrical triangle. It is also at a short-term resistance level, it could be very hard to push past this level at the moment. This currency needs to be watched over the coming days to see if it is going to break or not. If the price breaks then we could see a push to the...
The price looked like it had lost some of its momentum as it started to get closer to the symmetrical triangle that this currency pair is currently in. With the strength of this bear candle it can be seen that the price is trying to push downwards. This pair needs to be watched as the triangle is starting to narrow and would have to breakout soon.
