You don't see this really often, but is still a signal that price is about to go down. Now ranging between 560-575, looking for a break to the downside. If price goes above 589.5, setup is not valid anymore. If price goes below 560, aim for 550, and if it reaches that level and breaks, aim for 540 Also interesting: More crypto's are showing the same kind of...
On the lower timeframe there is a strong area of support. It's likely price will reject there and move up a little on today's US session. Might see price consolidate and break in the session tomorrow to the downside. This is what we might see if that happens: A head and shoulders pattern on the top. But watch the Fundamentals!! US GDP and the CAD...
Yesterday's spike up didn't really continue, price struggling around 7500 level. On the lower timeframe you see price clearly rejecting and momentum slowing down: Also, on the higher timeframe there is a support channel line matching up. I'll keep the chart updated
My outlook from yesterday is still valid, and this are the possible scenario's for now: > Price will test the 1.16 area in the EU session, drop or continue higher. > In case of continuation, price will aim for 16.4/16.5 area and test this in the US session. > In case of rejection, price will fall down again towards 1.15 level and test that again later.
Momentum up is not that strong, resistance is quite strong which means price is likely to reject and drop off. This is what might happen: - Price goes to 1.31 - Rejects at 1.31 and goes to 1.30, then 1.29 and further target to 1.275.
Price is showing a significant rejection really close to the 1.15 level. This might form up a double bottom in the trading session tomorrow. What might happen > Trade opportunity / trend reversal
Fibonacci levels matching up the visible retracements/rejections of the bull trend perfectly. Looking for a continuation up, to at least the all time highs.
Price is trapped within a range, does not look like the uptrend(channel) is holding. From what I see now, I would see price drop. What can happen: > Price aim for 2.8, maybe further targets down to 2.5
If you're trading crypto's, looks like this is POTENTIALLY one of the best times to buy them, because they look to be massively oversold. There are signals of price finding support now; Targets up to 1.00 If it goes under 0.43, structure is broken
If price stays like this, it looks like this pair found a bottom (for now). What might potentially happen - Find support around 0.0065 and aim for a target of 0.010 - Break the potential support level and head back lower towards 0.0050
Cryptocurrencies have been in a bear market the last period of time, but the momentum to the downside is running out of steam. Price might settle down and find support at 400 and slowly create an uptrend again. Just market cycles. Let's see what happens, I'll keep the chart updated
AEX is running out of steam and created a zone of rejection at the all time highs. Price is now likely to go down. What might potentially happen: - Price goes down to 540 area and bounce back - Prices goes down to 540 area and break further down towards the 500-510 area.
The DAX is showing a significant area of rejection between the 13000-13500 area If this monthly candle closes like this, price is likely to drop What might potentially happen: - Price goes down and breaks the neckline, heading towards 10000 zone - Respect the level and bounce back towards the 13000 level
Bitcoin is showing a strong technical setup giving us signals that it is near some support levels. Watch price action carefully when price reaches the 7.000 area. What might potentially happen: - Not respecting the level and goes further towards 5.000 zone - Respect the level and bounce back towards the 10.000 zone
EUR fundamentals are more bearish because of the political situation in Italy. Watch price action carefully when price reaches the 1.15 area. What might potentially happen: - Not respecting the level and goes further towards 1.10 / 1.05 zone. - Respect the level and bounce back towards 1.20 / 1.25 zone.
Price rejected at important line, could either go up or down
aussie/dollar rejecting key level now, possible short trade now or price can go further up to test the (potential) trendline and key level 0.7512
4h-1D chart rejecting a trendline. Potential short trade when bearish candles occur.