On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.430 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.801 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss...
Ethereum Intraday - We look to Buy a break of 1633 (stop at 1578) Our short term bias remains positive. Short term momentum is bullish. Daily signals are mildly bullish. There is no indication that the rally is coming to an end. A break of the recent high at 1630 should result in a further move higher. Our profit targets will be 1768 and 1808 Resistance:...
TMUS Short Term - We look to Buy a break of 138.19 (stop at 133.78) Trend line resistance is located at 137.50. A break of resistance at 137.50 should lead to a more aggressive move higher towards 150.00. Daily signals are bullish. Our bias remains bullish and further upside is expected to target resistance at 150.00. Our profit targets will be 149.90 and...
GBPUSD Intraday - We look to Sell at 1.2100 (stop at 1.2175) We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit...
On the H4, with price recently breaking the descending trend channel and moving above the ichimoku cloud, we have a bullish bias that price will continue to rise. If price breaks the resistance at the 1st resistance at 0.69134 at the overlap resistance in line with the 61.8% fibonacci retracement and 100% fibonacci projection, we will have upside confirmation that...
On the H4, with prices having broken out of the ascending channel and reversing off the ichimoku indicator, we have a bearish bias that prices will rise and drop from the sell entry at 107.514 where the 61.8% fibonacci projection and 38.2% fibonacci retracement are to the take profit at 105.661 where the pullback support is. Alternatively, prices could break entry...
On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.372 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.767 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss...
Bitcoin Intraday - We look to Sell at 22987 (stop at 23555) Daily signals are mildly bearish. The trend of higher highs is located at 23150. Bespoke resistance is located at 23000. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Our profit targets will be 21511 and...
Netflix Short Term - We look to Buy at 188.46 (stop at 161.06) News events could adversely affect the short term technical picture. They report earnings after the close. Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Further upside is expected....
USDJPY Intraday - We look to Buy at 137.28 (stop at 136.26) Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Horizontal support is seen at 137.20. Dip buying offers good risk/reward. Support could prove difficult to breakdown. Further upside is expected although we prefer to...
On the H4, with price recently breaking the descending trend channel and price moving in an ascending trendline on the RSI, we have a bullish bias that price will rise from the 1st resistance at 0.61682 at the pullback resistance in line with the 38.2% fibonacci retracement to the 2nd resistance at 0.62055 at the overlap resistance in line with the 38.2% fibonacci...
On the H4, with price moving in a descending trend channel and stochastics showing price recently reversing off the resistance level, we have a bearish bias that price will continue to drop from the 1st resistance at 31391 at the overlap resistance to the 1st support at 30169 at the swing low. Alternatively, price may reverse off the 1st resistance and rise to the...
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will rise and drop from the sell entry at 1742.61 where the swing high resistance and 23.6% fibonacci retracement are to the take profit at 1675.98 in line with the 100% fibonacci projection and swing low support on the daily timeframe. Take note...
On the H4, with prices breaking out of the descending channel and RSI moving along an ascending trendline, we have a bullish bias that prices will rise from the buy entry at 1.19339 where the 38.2% fibonacci retracement and pullback support are to the take profit at 1.20556 where the swing high resistance and 50% fibonacci retracement are. Alternatively, prices...
Plug Power Short Term - We look to Buy at 15.44 (stop at 12.51) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Our profit targets will be 23.88 and...
XRP Intraday - We look to Buy a break of 0.3772 (stop at 0.3659) Short term momentum is bullish. 0.3752 has been pivotal. A break of bespoke resistance at 0.3700, and the move higher is already underway. We look for gains to be extended today. Our profit targets will be 0.4044 and 0.4234 Resistance: 0.3700 / 0.3800 / 0.3900 Support: 0.3600 / 0.3500 /...
On the H4, with prices breaking out of the ascending channel, we have a bearish bias that prices will drop to 1st support at 107.295 where the 38.2% fibonacci retracement is. Once there is downside confirmation of price breaking 1st support, we would expect bearish momentum to carry price to 2nd support at 105.770 in line with overlap support. Alternatively, price...
AUDUSD Intraday - We look to Sell at 0.6880 (stop at 0.6930) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Our profit targets will be 0.6730 and 0.6540 Resistance: 0.6970 / 0.7130 / 0.7315 Support: 0.6780 / 0.6540...