Andrew's Pitchfork
Updated DOGE patterns.looks ready to go up!if you read about hagopians rule, you will know what i say :D
$ZECUSDT - On its way to 800Hello everyone!
Zcash is on its recovery cycle, heading towards 700-800.
The pair has made a breakout from the ascending channel and doesn't seem to be giving up it's bullish pace.
Although RSI on all time frames show extreme overbought, it might as well correct to 326 and 290 (less likely but possible)
The pace is high, so ZECUSDT will reach 800 anytime soon as it enters a new impulse.
$GBPUSD - Double bottomHello everyone!
I'm following the double bottom pattern on GBPUSD, there is a formation of the bullish flag (see the green box), and a breakout from it is very important.
Today's BoE and US Employment data will drive the further price action.
$UTKUSDT - Pitchfork analysisHello everyone!
UTK touched the 20. Fibo level of the Pitchfork and rebounded.
Looks like the uptrend is inevitable.
$VETUSD - Moves inside a channelHello everyone!
Expecting a jump on VeChain inside the descending channel.
$XAGUSD - Technical analysis and some fundamentalsHi guys! 👋🏻
🔔 Silver once again outperformed Gold today by gains, Silver is up just over 1%, while Gold gained only 0.24%.
🔔 According to the CFTC data as of March 9, there is a 20,000 spread between the overall net positions on Silver Futures, with an edge going to short positions. The update of the CFTC data on Silver will be released later tomorrow, worth checking it out.
🔔 As per the technicals, silver seems bearish below the ascending channel, the retest of the channel’s dynamic support as resistance, on March 11 adds fuel to the bearish sentiment of XAG/USD.
🔔 Although Silver might look ascending in a short uptrend, supported by a signal from MACD, MA100 and MA200 act as a strong resistance lying right next to the dynamic level which acted as a strong resistance previously, there is a key level and a pattern which might halt the uptrend for a longer period.
🔔 A falling wedge pattern formed on a 4H XAG/USD chart suggests that there should be one more leg down before Silver could regain power and continue upwards. There is a strong resistance at levels $26.60 and $26.75, which should be tested soon enough, the area of this resistance’s strong repulsing force is backed by multiple static resistance points, upper edge of the wedge pattern and the upper edge of the local ascending channel.
🔔 If Silver is not able to break and close above $26.75 and is rejected by this resistance area, the sharp fall may send it back to $24.90 and $24.35. If Silver is able to close above $26.75, then it might signal the bullish continuation of the precious metal, however the first scenario looks more relevant based on the chart analysis and the data from CFTC.
🔔 To minimize your risk wait for the touch of the dynamic resistance mentioned above or breakout from the lower local dynamic support (black)
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Little Bounce believe should go to top of large major pitchfork Lightcoin bounce where previous sellers become buyers??
EOSUSDTP Ready for start rallyprice completes the pullback to andrews midline and cross the tenkensen line.
silver longA good reaction to the pitchfork's midline! i choose a long position with tp1: 27.90 and sl: 24.84
DOTUSDT FUTURE Price break two andrews line and komuclouds. best entrance point is in pullback to the lines
AAVEUSDT ready to complete pullback and flyThe price break the andrews pitchfork midline, price is above the komu lines, waiting for complete the pullback to midline and open the position
BATUSDT Is ready for going upPrice react to andrews pitchfork midline price and break the komucloud in 1H chart. after complete the pullback to komu line prepare for going up
