thetradermentor

thetradermentor

The 'Falling Wedge' that was identified in EUR/USD has confirmed. A long position is taken at $1.1775 with SL in $1.1700. It is expected that the height of the formation (H) will be replicated, which is approximately 220 pips, reaching the resistance zone marked in the picture.

thetradermentor

Monero violated an important resistance at $103 on Wednesday, which had been respected very well. It is currently making a retracement to the same level, so it may generate a good buying opportunity if it resumes the upward trend and confirms above $110.15.

thetradermentor

LTC/USD violated an important trend line that started since the beginning of October, at $ 57.70, it is currently making a pullback at this level. I expect it to resume the bullish trend and as a confirmation a close above $ 61.70, if so it can reach the resistance area marked in the image.

thetradermentor

Currently the ETC/USD is violating a diagonal support in H4, if the breakout is confirmed it could easily reach the support area marked in the image.

thetradermentor

OmiseGo has respected very well the diagonal resistance since the beginning of October. Finally violated the trend line at $ 6.90 approximately, it is currently making a pullback to the same level. If the upward trend resumes, it can be a very good buying opportunity, as a confirmation we can expect it to define above $ 8.50.

thetradermentor

A 'Head & Shoulders' is currently being formed in BTC/USD, it can be clearly seen on H4. This is a counter-trend formation, which may indicate the beginning of a retracement in the asset. The formation bill be confirmed once the line of the 'Neckline' has been violated, which is approximately at $6940. Once this level of support has been violated, it is usual for...