After the ABC drop I am having a doubt if GOLD is going to continue further down. There is a possibility of one more wave UP before the zig-zag completes.
This is probably the most important value
one should consider in this position...
The nature of algorithmic trading makes
this level very important for a
wave model analysis.
See the charts below...
This is possibly another good opportunity to
hodl another portion of BTC while you still
can afford it!
The beloved by market makers tripple zigzag formation
has just finished evolving. See xyz-w-xyz-w-xyz group.
And some strong bullish divergences on 5m confirm it.
Let.s run this rodeo, bulls!!!!
Prepare for the lift off!
Await further confirmations from
the...
Hello Traders,
GBPUSD is about to start its upside but its not long term trading ! It's only for a few weeks. Its going to have a lower low after its finished the pattern that is forming now.
Beautiful pattern if its going to work, don't miss out on it.
See my previous chart about GBP and see my prediction on it !
Trade Safe Trade Simple
Alex
Always prepare for the worst. This is the mmost bearish scenario I
can
This is the plan for the battle if a longer correction takes places...
And it seems that we are sliding down to 6800.
at least 1 group of xyzwxyz corr.waves is coming.
Finally we are observing some volume - that is good news!
See the small xyz(blue letters) correction.
Its "y" wave is enormously high for a correctional type of a wave.
Suspecting the bulls have activated their buying power)
It is finally the rally beginning?
Someone says there was a big(1B$) sell on the market...
The xyzyx correction surprises a lot of traders,
but really it is a correctional type of wave,
and we are...
Technical analysis:
. Waves/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00550 to 0.00425). if so, traders can set orders based on Price Action...
Technical analysis:
. Waves/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action and...
Multiple confluences to support the short idea.
1. Ascending triangle at the edge of the major channel
2. Channel Resistance
3. MACD Divergence
4. 786 Fibonacci retracement lines up with channel resistance
Hello, Traders!
Monfex is at your service and today we overview WAVES/BTC.
WAVES one of the losers these days, but we remember that marketmakers stand by this coin and at this chart we see the descending channel and the price is going to the bottom line. Also we see it's a bullish divergence by RSI and we can suppose that near the previous low will be rebound to...
