Ethereum could to form an ascendent triangle!!!In H4 timeframe, thre're another interesting trade in Ethereum to $4,100 USD in short term. We see that Ethereum could to form an accumulation zone to prepare to continue up. Ethereum it's in the demand zone and key support around of $2,200 USD. In 4 occasion, Ethereum make support in this key support around of $2,200 USD. Except in one ocassion that Ethereum make a fake broke down and then, made rejection below of $2,200 USD. So, I wil prepare in this trade on Ethereum to $4,100 USD. So, I hope a buu entry!!!
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Ascendentriangle
Cardano to $3 dollar!!! Long positionAt the moment, as update, there's an interesting trade in Cardano. You can to entry right now in Daily timeframe becuase I see that Cardano make their little pull back and irhgt now, it's touch the 0.382% of Fibonacci ready to entry in the market price.
You can to entry in the market price with the SL around of $1.32 USD, remember we keep this position by longer as I analyze in Daily timeframe.
Good luck!!!
Chainlink it's still consolidating: This it's my next plan!!!At the moment, i you're looking in hourly timeframe, Chainlink it's into this ascendent triagnle, that it's a bullish pattern. So, my plan will be to bought above of $31 dollar with a pull back plus confirmation to entry in long position in Chainlink. At the moment, this trade will be next to make trading.
But looking in this timeframe, the 3 Daily chart it's extremely bullish
For that my friend. I can't to trade Chainlink when we are consolidating and for that, much crytpocurrecy are consolidating. For that, we hope this next opportunity toward the $50 dollar.
Pending trade: Cardano goes toward the $0.11 cents levels!!!In this analysis, Cardano it's not sure to trade in long position. Becuase we forming in weekly or 3 Daily chart an accumulation zone and today I update this par from monthly timeframe for the microtrend charts. So, in my personal opinion, Cardano not prepare to go bullish, first we would need a correction toward the $0.11 cents. In that zone, are psycological point to bought more ADA if you dont want to loosing this opportunity.
But, if you see in H8 we turn bearish!!!
But if you see that, we forming an ascendent triangle and maybe a strong correction it's possible toward the $0.11 cents.
You can see better the ascendent triangle in 3 Daily chart and this it's a pure accumulation zone!!!
So guys, I will going to still pending in this trade because Cardano goes toturn bearish and it's not a good news to put long position or you will be liquidated. So, I put a sell order limit at $0.1488 cents approximately becuase I'm so secure that ADA goes to down and not to up!!!
So, put the sell order limit at $0.1488 cents, SL: $0.1645 and my target profit will be $0.1140 cents.
Good luck!!!
Ethereum could have a chance to continue up!!! Still alertHello, in this updated. Ethereum could to continue up. Because in Daily timeframe. all depending of the chart, because if we see that Ethereum strenghten. well, that it's another theory that Etherum has formed the correction #4 of the elliot wave analysis. And well, I can't to say you that Etherum continue up toward the $800 USD as psycological target, but rememebr that today I analyze that Ethereum it's into this possible correction on 3 Daily chart and weekly chart that I did analyze today.
Now, as Ethereum it's into this ascendent triangle, we can see a next target toward the $769 USD to complete this forecast taht ascendent triangle give us just measure the anche part.
Now guys, very important it's to know in the next days how the movement it's make in the next days and hours.
So, if in any case if we are correct, we would see a possible movement toward the $769 USD and maybe a second entry above of $620 USD making a technical naalysis whether are H4 or H8 timeframe I reccomend these timeframe to trade and not H1 if you're looking earning fasting or just movement little to earn.
But under my conditions at the moment I follow the trend!!! and never I going to agains the trend.
So, remember my target will be $620 USD!!!
Trade pending: Bitcon possible formation of chartist pattern!!!Helo, in this analysis, I believe that Bitcoin is in formation of the ascendent triangle, that expectative is so bullish!!!
So, the only that we need to is to hope that the Bitcoin is leading to the little drop approximately until the $11,764 USD to buy in this zone.
So, checking this analysis, we need to be patient until the bitcoin is leave down.
Also as extra confirmation of support it will being that Bitcoin confirming this support line what in the past was the resistance, if Bitcoin making the confirmaiton of the ascendent triangle + the extra confirmation of the support line, we may to entry in long position with a price action strategy!!! That is the key of trading's success!!!
Now, the forecast is that Bitcoin in short term is leadin to the first objective the $11,284 USD, and the second objective that is we use the trend until the point of $9,800 USD from $10,900 USD, that movement proyect a bullish movement until the $12,110 USD.
Also guys, today I do not analyze Ethereum or Litecoin because I am so enfocous more in Forex for speculate news, so that trade is pending, in case that this analysis is invalided, and if we see another confirmation that BItcoin is broke up the resistance line that form the ascendent triangle and if case that Bitcoin make a pull back and confirming this pull back, I would make another analysis and look if there will being another long entry!!!
So, be patient and wait my forecas that Bitcoin goes to the $10,764 USD.
Possible continuation to pick up +200 pipsWell, in this technical analysis, if you put a signal of buy yesterday of my updates of this par, congraluations and the objective is to find up 50 pips. Well, we are to break up the ascendent channel and we hope that the price go down a little and hope confirmation of price action a candlestick bullish as hammer bullish, doji bullish or a gran candlestick bullish, this is a rule to operate right in trading. So, I put an alarm of this zone of Buy zones in bold black. So, also, it's very interesting to see in H4 timeframe the trend.
But, in H1 timeframe we have a confirmation of price action bearish, because the price is need to down 15 pips approximately and then hope the confirmation. And not using indicators, because price action is very well that using indicators, indicators lying a lot and they deceive us.
But the run is so bullish in this par, lests me see to explain why the EUR/GBP it's can be to reach 0.92.
Fundamentals Analysis:
*If you see my EUR fundamentals, I invite you to check our my previosuly technical analysis for EUR/USD in my link related ideas* Now all fundamentals is about the UK and what I writing below
1. Bank of England increases bond-buying programme.
2. Sterling slumped this afterrnoon after the Bank of England increased its bond-buying power by 100 billion of pounds to help the coronavirus-hit economy
3. BoE also left interest rates at 0.1% and said it expect the new total of 745 billion of pounds in government bond purchases to be hit by the end of 2020.
4. Forex-Pounds cedes further ground against dollar as Brexit worries resurface.
5. The pound extended losses agains the dollar today as signs the U.K. and EU relationship (United Kingdom and European Union relationship) ship remains fragile soured the seeds of doubt over whether the U.K. will be able to post-Brexit deal before the year-end deadline.
6. Bloomberg reports at the end of this year transition period, the EU said it would impose full customs controls and heck on U.K. goods in 2021
7. The U.K. said that is the first half in 2021, most firms morning good into Britain nation and would get six months to pay any tariffs due, even if a post-Brexit deal is not reached.
8. Signs that the U.K. - EU relations still remain fraught with completion has sowed the seeds of doubts over a potential trade deal, cooling some of the recent optimism reported earlier this week.
9. A commentary of U.K. Prime Minister Boris Johnson said earlier this week, he would work with the EU to find common ground to break the deadlock.
10. The BoE said it stands to support the economy and boost inflation to it's 2% target
In summary in all this fundamental, U.K. is to do happen a horrible situation in this nation and they will be a cautions of the economy and Brexit about the U.K. abandoned the E.U. So, friends, EUR in this par it's will be very bullish as I see in my eyes and there are not exeption that EUR is more optimist in the midterm as a best currency that it's gains in all pars and one of the currency appretiate in 2020 althroush the year.
Well, in the next there, I am interesting to make a technical analysis of EUR/GBP in saturday to analyse in Monthly, Weekly and Daily to see in long term how I see EUR/GBP, and also EUR/USD. Because EUR/GBP is an indicator of the EU and this is a bad or good for EUR/USD and the EU. in saturday, I will be to do making a special technical analysis for EUR/USD and EUR/GBP what I expect in long term, an also, I will going to search information of What is Brexit? Consequence? and more to you learn about this theme.