Key RSI level breakout on 23 April fueling up the rally.
FOREXCOM:XAUUSD has broken its upward sloping trendline. I think gold is still bullish in the long term. For short term price target I'll be looking at the 1664.90 to 1642.88 level. Disclaimer : This is not an financial advice. This is solely base on my personal point of view of the market and believes, please manage your risk properly.
Going to keep this one short and simple. We broke our ascending trendline and further downside is expected. Most of the time, with every break comes a pullback. As you can see on the chart, the arrows showing two possible re-entry levels for the short positions: 1) We pullback to the minor resistance area of 6400-6500 before dumping again. 2) We pullback further...
Looking at the 4H time frame analysis, we can see that the market formed itself into a rising wedge. This isn't looking too strong for the bulls as long as we stay inside of it. Should we see a break out below the ascending trendline, our bears will then take over and first short term target area will be around 5600. 7000 is a major resistance area for now,...
We wait for the price to reach for the around 27.00. Then we can prepare for the BUY. It's to late to get ride in the bearishness. Don't chase the price, We wait for the price to come to US. Then we can take the next turn-over and ride with the trend "Bullish". Watch the news coming for the ALO may be GOOD. For the price to climb ASAP this #coronavirus has to...
This could be completely wrong however I write this with a smile on my face. If we are on in the correct wave cycle, then I believe the top of 100K is possible if all things play out like they have in the past. It is hard for me to forecast going past 100K ; this is already 5x of the ATH which is very possible. There are obviously a lot of factors in play ...
Exit from 7 month down channel Cup and handle playing out nicely Broke above 200ma Above $9300 which now becomes support Best of luck traders. Our target remains $11.5k. There are no significant signs indicating we'll do anything but reach our goal. Bulls look to be in full control right now. Buy on dips like today.
Seeing a 3x opportunity before hitting old support zone. May turn into a resistance point at 8100 sats. Creating a sell oppertunity to reload at a lower level for this clear rocketship in waiting. Target above 15k sats.
Hi Beautiful peopleeee on the weekend!! Looking at the Daily BATUSD chart, you can see BAT did break big red trend line to go upward. It came with strong bullish divergence on MACD and RSI as well as the price currently stay on top of 21 daily EMA which is bullish sign. From these reasons, I see a opportunity here to go long with a tight stop loss around...
Hi everyone, It's all in the chart. My theory is that there is a possibility that a repeat of the previous macro rounded bottom is happening right now. XRP technically is at the verge of massive upside; it is immiment, especially as BTC trends sideways and even downwards in the coming couple of months. A rounded bottom has a very clear target if and when it...
Those are the resistance areas formed by Fibonacci retracement, psychological prices, pivot points on large TF's and ichimoku lines. While bearish on the short term, there is a bullish on the long term bias, expecting a future break to higher (out of chart) prices after going to 9,200$ (the lower part of the triangle. 8,500$ would invalidate the hypothesis and...
Hi everyone, Welcome to another idea on Bitcoin's long-term cycle. The main observation I realized today was this: After testing the top of the Monthly Bollinger Bands for the first time, Bitcoin enters a long-term bull-market and keeps hugging the upper band until the end of the parabolic rise to new ATH. We're at that now, almost exactly like August...
Looking for a short term short position from the red supply zone.
Resistance Levels : 1.1500, 1.1405, 1.1280 Pivot Level : 1.1100 Support Levels : 1.1100, 1.1025, 1.0850 a) long positions above 1.1100 with targets at 1.1280 & 1.1405 in extension. b) below 1.1100 look for further downside with 1.1025 & 1.0850 as targets.