mikeej

mikeej

CRYPTOCAP:KAS has been a strong token and just recently broke out of a consolidation period. I am positioning myself for a possible long at the support wherein it may attempt to test the breakout once again. If it shows a rejection off the area then I'll be entering a long with my first TP at the resistance and my second TP 2x the first

mikeej

We experienced a very large pull back the past few days and it is reaching the previous high. This may serve as a support on the daily chart. Looking at the ichimoku, there have been two points recently that the chikou span struggled to cross through the price to signal a bearish sentiment. If this pushes through it may be possible that we are more in the bearish...

mikeej

This point seems like a major resistance. It has tried to break this area four times but have failed in each. Also notice how it has never gone higher than the first attempt in breaking this area (first highlighted in green). This would mean that in every attempt to break the top, it has not found any more buyers that were willing to buy over that area, and no...

mikeej Updated 

DE30 is reaching a prime resistance which may cause it to break and right up to the next zone or fail and reverse back to a lower zone. I would be watching to see if it break resistance and possibly put in some scalps until a trend is more prominent.

mikeej

Looking at how the news was bearish, retail traders short shorted GU. I'm looking to see if the smart money will run the GU up for a stop hunt and get the retail traders out from the consolidation area, before continuing to drive the price down.

mikeej

Currently we are in a critical zone in GBP AUD. If it breaks the support then we could see a fall to the next low. If it rejects the support then we could see a spike up to the left shoulder, but if a head and shoulder's pattern doesnt materialize then we may see it spike to the highest high