DragosAlexandru

DragosAlexandru

Hello friends. It's been a while since my last post. But now I have more time for tradingview. Let's jump right in. On a daily timeframe gbp/cad pair is in a down trend. We can clearly see it by its trend lines, but now it reached again a resistence zone, a zone of confluence. Let's see what is happening here. If it breakes we can expect to see a rise in price...

DragosAlexandru

Hello friends, it's been a while. On a daily chart we see that support zone is almost touched. RSI formed a bullish divergence, let's see what happens next.

DragosAlexandru

Price at resistance zone with a possible Head&shoulders pattern. Let's see if it is confirmed or not.

DragosAlexandru

British pound almost at a support zone with RSI in oversold territory. Let's see if it continues to go down or we will see a reversal.

DragosAlexandru

Currently on a downtrend which failed to make a lower low, price being now at a support level. We can see that bearish trend is loosing momentum, already made an RSI divergence. Let's see if it breakes the support zone and goes lower or it reverses.

DragosAlexandru

Gold. Best choice is to wait for now to see if the price can bounce from the yellow trend line or is going to break it. If it breakes the trend line next target is the area of support which i marked it with white dotted line. Rsi under 30 and we can see last times it was in this area we had bullish move.

DragosAlexandru

Down trend is clear but we are now at a support zone with a possibility of reversal. Watch out for a breakout of the blue trend line for long positions. In case that the 6000 area of support is broken there is a big possibility to reach 5000.

DragosAlexandru

Indecision for EURGBP pair, still in a consolidation phase, but lately it formed an ascending triangle pattern which is very bullish but we need to see a breakout. We need to be patient until we see that breakout; if it falls under the lower trendline it means that bullish momentum is falling and probably we will see a bearish move.

DragosAlexandru

Hi friends. We are in an uptrend which failed to make a higher high (and a possible double top formed which is a very bearish sign) but for now it seems that we are in a triangle pattern. Last two days formed tweezers candlestick formation which is a bullish sign near a support zone or a trend line; we should wait for a confirmation tommorrow and if the price...

DragosAlexandru Updated 

After an aggressive fall, bulls are trying to be in control and take the price at a resistance zone. Let's see if this bull run was just a correction or will be a reversal. A break out of this area will be a good opportunity for trading.

DragosAlexandru

Ethereum, the second most important crypto coin falling, like all market. Now the price is very close to a support zone. Let's see if Bitcoin reverses, ethereum could stop here and "go green" in the next days. But if Bitcoin is going further down a test of the lower trend line is in the game.

DragosAlexandru

A lot of people are expecting a reversal around this area 6500-6800; but right now the market seems to form a descending triangle pattern. This, usually, is very bearish. I cannot say if it reverses now or not, nobody can for now. Let's follow the market and wait for signals. Bounce back or breakes. Patience!

DragosAlexandru Updated 

I was thinking about this educational material for a long time and finally I have the chance to share it with you, all of you who want to improve your trading style, to be more profitable. This is specially for those who find it too difficult to trade and everything goes against them. I spent years to improve myself and become profitable, starting from the...

DragosAlexandru

Confluence of resistance above. Moving averages, resistance zone, trend line and the price made an egulfing candlestick pattern yesterday. Trend is clear, let's see how is it doing monday for entry.

DragosAlexandru

Hi friends. On a bigger time frame, we can see gold, on a weekly timeframe placing itself in an ascending triangle pattern. Usually this is a very bullish pattern if it breakes above. Price is now at a confluence of support zone and a trend line. An interesting thing we can see on RSI (marked by me with small white lines) a lot of times when it touched the level...

DragosAlexandru

Hi friends, for today we have a good opportunity with gbp/jpy pair. We can see that in the last few days we had a correction which was stopped at the confluence of the trend line and the resistance zone. From my point of view was more like a retest of the resistance followed by a possible down move. RSI under 50 pointing downwards indicates that bearish trend is strong.

DragosAlexandru

Hello friends. Crucial hours, maybe days for bitcoin. If we exclude the false breakout, technically, we are still in a falling wedge which is a bullish pattern. Now, getting closer and closer to the apex, we have a support zone which is 0.786 Fibonacci retracement from the previous move. Evereybody is watching 6900 zone of price (which is my lightblue trend line...

DragosAlexandru

Hello friends. On the hourly chart we can see that Bitcoin is in a symmetrical triangle pattern (with a possible triple bottom formation- depends if is going to break upward, that is valid, if not it should not be taken into consideration). Under it we have strong support, the white trend line which is for the daily chart. What concerns me the most is that on...