LINKUSD 4HR UpdateLINKUSD has bounced off of a critical area and is looking to break out of a descending parallel channel and reclaim the 55EMA. If we can do that I will be bullish. As it sits I am neutral until the reclamation happens. If BTC can behave and start to range between 36/38k then it should be time for LINK to make back its' gains of the last week.
4hrchart
My bet on silver that wallstreetsilver movement will succesed.Charts show us on monthly and weekly candles clear bullish signs. Daily is a bit trading range from bigger picture. Anyway on 4H graph i marked the Fibonacci levels and daily plus 4H fibs. extensions, match on the same price. That price is a 27. In such conditions on the market i will place another limit order at price 26.550. My trade is based on probability that Silver will sooner reach price of 30 before we fall to 25. Although I personally believe that silver will this year break that 30 lever mark, mainly due to rising inflation and that movement Wall Street Silver. I highly recommended Wall Street Silver youtube Channel or Arcadia Economics for more information about silver market,miners.
Resume Bullish Trend and potential correction bearish There was a false breakout circled in RED . My previous analysis has proven to be wrong, so this is an updated analysis.
It is interesting to see the price has broken out and closed above The First Resistance Zone
Now we can look out for bullish movement toward Fibo 1.5-1.618 between the price of 1.57385 and 1.57636
MACD Cross-over occurred and now passed above the zero-line + Aroon Down is crossing upward as a double confirmation signal
Once the price has reached there. We can expect Correction Bearish Trend to The Baseline (Kijun-sen: Cyan line)
and potentially reach trend line drawn refer to the false breakouts indicated by Dotted Purple Arrow
Anyway, I still believe that EUR/AUD is in long-term BEARISH TREND due to Weekly Timeframe reading.
Thx for reading and welcome all opinions.
LINKUSD 4HR Chart, LONGLink looks like this support will hold and a breakout should be immenent. I do not expect a dip below historical support. The next leg up will produce another ATH. If support should fail, we should find safety in the $45 range and then $42.5. RSI might retest support so keep an eye on that.
$55 incoming...
Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are:
47232
And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are:
- 44726
-41527
-38267
-34283
_______________
If he exceeds 53075, his buying goals are:
-56839
-59522
_______________
My personal opinion:
He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
ZENUSDT Third wave?Hello traders. After a nice move up yesterday from a double bottom, ZEN/USDT pulled back forming a corrective sub-wave 2 of the larger wave cycle 3. If my count is correct, we would enter a sub-wave 3 of the greater wave cycle 3. If correct? Some good gains could be made. Good luck!
potential 4hr chart ascending triangle bull pennant. Target 1.544hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time frames. Of course either outcome is possible until we confirm a break one way or the other but probability currently favors the bullish outcome. *not financial advice*
XRPUSD looks ready to break out of 4hrchart ascending triangleI give it no later than the 11th-12th of this month for xrp to finally break above this pattern 58-59 cents is the target here. Of course no bullish breakout has been confirmed yet meaning a fakeout resulting in a breakdown instead of up is still potentially in the cards. I will be waiting an obvious breakout one way or the other however probability currently favors the bulls slightly. *not financial advice*
EUR/GBP Short Updatedshort opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
broke structure and went past previous diagonal trend line
still showing signs of a continued downtrend,
as price respects second diagonal trendline