Godfather-Pips

Godfather-Pips

Price is currently at a strong level of support. Signs of a reversal. Possible push to the upside.

Godfather-Pips

At first, I noticed the symmetrical triangle pattern but there was no clear indication of a breakout in a particular direction. Zoomed out and identified a head and shoulders pattern and this normally indicated a reversal to the downside. Hence, I have decided to short this pair all the way down to the previous resistance level of 105.6

Godfather-Pips

Just an update on previous analysis on Cardano Everyone who entered this trade when I initially posted would be in profit.

Godfather-Pips

We broke out bearishly following a bearish wedge. Currently moving sideways. Expect prices to move sideways for a bit during the alt season Prepare for an impulsive move out of the channel to the upside.

Godfather-Pips

Recently broken out of the strong support and resistance zone. Restested to the support line which may have become resistance. Looking to continue to move bearish in the coming week However, due to prices being in no mans land we cannot give precise targets.

Godfather-Pips

Following previous trades, USDCAD is reaching the falling support once again. On paper, prices should hit the support and rise back up to the resistance line. However, one should be cautious trading this pair as the pattern has been followed for so long. This means that it is only a matter of time before market structure breaks. Nevertheless, I will continue...

Godfather-Pips

NZDUSD has been trending bearish in a channel formation. Currently we are at the resistance level. Looking for prices to push down to the resistance level. Entry set just below the resistance. Stop loss set in the middle of the previous support level. Take profit set at the support level.

Godfather-Pips

After a long bullish trend we are starting to see signs of a reversal. I noticed a bearish wedge pattern beginning to form. So far, we have broken out of the pattern and managed to retest - to some extent. I have set the entry at a level where resistance had turned into support. I have set the stop loss at a level where support turned into resistance. If this...

Godfather-Pips

Following previous trades, USDCAD is reaching the falling resistance once again. On paper, prices should hit the resistance and fall back to the support line. However, one should be cautious trading this pair as the pattern has been followed for so long. This means that it is only a matter of time before market structure breaks. Nevertheless, I will continue to...

Godfather-Pips

Generally, prices have been remaining disciplined and follow this bullish trend Currently, prices are at the support level and are ranging between the 61.8% and 50% Fibonacci level. I'm expecting a breakout of this ranging pattern next week. Hopefully, we may see prices reach previous highs which would secure us 5R.

Godfather-Pips

ADA dropped and met the 61.8% fibonacci retracement level perfectly. Since then it has bounced up. The fibonacci extension tool shows us that we could see a move up to $1.56. What does this look like? - If you invested $100 today, if ADA reaches the target you would have $124. - If you invested $1000 today, if ADA reaches the target you would have $1240. Please...

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The recent bullish flag pattern has been confirmed and retested. Therefore, we could look to see a move ranging from 295 sats all the way up to 360 sats (around 30% gain). Effect.ai is a very exciting project that has already worked with the likes of Akon and Kraft Heinz. I do suggest doing more research about this project before investing to see how effective (😉)...

Godfather-Pips

The Fibonacci extension is indicating that if we push past the current zone we could see a move to $43. I'm predicting that this will happen by Sunday give or take 48 hours. Long term, however, we could see Polkadot reach $53 during the altcoin season (and that's being conservative haha!)

Godfather-Pips

This one follows the last USDCAD setup. After taking profits with 5R in the bank, prices have now reached support. This trade would be aimed at the more advanced traders since it's a long order in a downtrend. I simply just expect prices to bounce off the support back up to the resistance. Let's see how this plays out.

Godfather-Pips

Using the fibonacci extension tool, I have come up with a set of price targets for the month of March. These targets range from conservative to more radical. Currently we are coming towards the first price target and I hope we can hit all targets within the month.

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The Fibonacci extension tool shows us that the next price target, in the short term, is going to be at least 1.403

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I was thinking that as prices have broken market structure we could see prices go back down to support level because of the ascending triangle that looks to be forming. Feel free to drop your opinions in the comments.

Godfather-Pips

Firstly, I identified the general downtrend then looked for key support and resistance levels. These levels were dynamic and consistent with the downtrend. The entry was set at the first level of resistance with the TP being closer to the support level. The SL was set at a key level where previous support had turned into resistance.