Buzz_Leighton

Right now oil is in a downtrend moving through the channel shown in the analysis, also confirmed by being under the 20, 50 and 200 moving averages on the 4 hour chart. A good place to sell would be anywhere at the top of the channel up to the purple sell line. This is because of a possible fake out. The price should then continue moving down through the channel...

Just analysed the chart and this is a likely scenario for bitcoin which will happen very soon. Price will most likely go down to the purple line and bounce up.

Following on from my previous idea where I showed the next buying point, here is my suggested stop loss and target price for this trade. New!—BuzzWeekly coming soon!

Downtrend continues... The price is currently at 1.2123. I expect the next leg down (shown by the arrow). The purple line is the next buy point, expect a possible trend reversal here (around 1.205). This downtrend towards the buy point is also supported by the bear flag shown by the trend lines. The price could also move up a little before making the next leg...

Check my simple idea on the chart. Bitcoin breakout

Note the following from my 15m chart: A) Iota is currently in an ascending triangle (uptrend). It is also running out of space and looks like it will break around 4pm EST. B) The 50 day moving average is currently acting as a support. C) A cup and handle has formed which is a strong indicator of an up move. D) The key here is the purple resistance line, it...

BNB right now is struggling against the 200 moving average which is shown on the hourly timeframe. I believe that very soon it will crash down out of the channel and bounce off the 50 moving average (shown by the orange arrow). This will result in a fast move back up through and beyond the channel towards my first target of $50.

The purple support line shown on the chart is very strong indicating the price should be going up very soon.