Get started

Bearsandbulls

ETH bearish today AGAIN!!!The most recent update to the price analysis of Ethereum is negative. The price dropped to $1,271 today, but the $1,268 support level is still in place. Due to increased selling pressure from the negative side, the price analysis of Ethereum is bearish. The currency saw tremendous value growth over the last two days as the market followed the bullish trend, but a correction was necessary to allow for the subsequent continued rise. As a result of the bears resisting further upward rises today, the situation has altered, and the cryptocurrency pair has begun to fix itself. The team is currently looking for support just below the $1,268 level. Resistance to the move-up was noted at $1,336.
CRYPTOCAP:ETH.DLong
by IPatrice
GBP/USD Analysis, Bulls vs BearsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The GBP/USD has rallied a bit in the last few days where the Pair price jumped from 1.3571 to 1.3971, but the Bulls are struggling to pass the 1.39820 resistance line, if that would happen we could be seeing a big Bullish movement in the market price. The market is showing a lot of Bullish signs tho and is most likely to move in 1 out of 2 different ways in the next few days : Scenario 1 : The market price is trading near the resistance line at 1.39330, if a breakout happens the price most likely will be headed to the second resistance line 1.39820 where it will determine the outcome movement for this pair. If the Bulls were able to stay in control then it could be the beginning of a Good bullish movement. Scenario 2 : The market price is trading near the resistance line at 1.39330, if the bears were able to gain control then we could be seeing the price dropping to the first support line 1.38600 and then a battle will happen to determine the price movement, If the bears stayed in control then a Bearish movement could drop the price to the second support line at 1.37860 and that's were the main test between the Bears and Bulls will happen. Technical indicators are showing Bullish Signs as we see that : 1) The market price is above the 5 10 20 50 100 and 200 MA and EMA (Bullish Sign) 2) The RSI is at 55.37 showing great strength in the market and on its way to the overbought zone, and no divergences were found yet.(Bullish sign) 3) The MACD crossed the 0 line into a bullish state with a positive crossover between the MACD and the Signal line. (Bullish sign) 4) Bull/Bear Power is at 0.0083 (Bullish sign) Support & Resistance points : support Resistance 1) 1.3860 1) 1.3933 2) 1.3836 2) 1.3982 3) 1.3786 3) 1.4006 Fundamental point of view : The Bank of England (BoE) was pretty much as expected, with one dissenter and modest tightening seen over the forecasting period. GBP/USD saw a modest uplift in the immediate aftermath of the policy decision. The move was short-lived, however. In the view of economists at TD Securities, cable should remain fairly well-anchored around current levels. “The MPC voted to leave policy on hold today, with one dissent to reduce QE prematurely. There were two notable changes in the committee's communications: forward guidance was revised to acknowledge that some policy tightening would be appropriate by late-2024, and the sequence of tightening steps was revised, with a lower Bank Rate threshold to commence balance sheet runoff.” “While we would not be surprised to see an upward extension to test 1.3960, cable may struggle to advance much beyond 1.3985 without fresh catalysts.” “Solid support remains in place around 1.3875, with the 1.3835/1.3845 zone as the next attractor to the downside.” According to FXStreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2
The best zones of support: Buy Euro!!!I put in this par a long position to bought Euro agains the U.S. Dollar. The latest candlestick is signaling that Euro want to up more again, maybe a good target to find up 90 pips. So, today I analyze EUR/USD (Euro/U.S. Dollar), EUR/GBP(Euro/Sterling Pound) and EUR/AUD (Euro/Australian Dollar) = Bullish So, the correlated is bullish buyig Euro!!! Now, that is the best zone of support what I talk here. If you see, in he past we was havened 3 strong resistance in the pass if you see the green zone, is the H4 timeframe. Now, looking now, the previously candlestick was formed is a bullish hammer, but analyzing in H1 timeframe they mark a green candlestick, both seem a long position to find up pips. What do you think about this strategy that I mark? red's arrow are resistance and green arrow is support Also, as extra confirmaton we have the RSI and MACD in oversold, that show a change of micro-trend, it's a nice strategy and best opportunity to buy Euro. Also, I add my latest analysis, so I reccomend for you don't still activate the short crash about the Euro, because other possibilities is that in H4 timeframe we could to see a formation of shoulder head shoulder!!! Look: It;s
Long
by harisonhbn9718
Is the current battle simply the 50% retracement 10153 USD ?Is this current battle at 10153 USD simply the 50% retracement level (of June - December 2019)? 13880 USD = June 2019 peak (which was actually near the 61.8% Fibonacci retracement of the (19666 - 3122.28 USD) bear years! See between lightblue and lightgreen 13346 USD) 6425 USD = December 2019 bottom (and it stabilized around the 23.6% Fibonacci retracement 7026 USD of the same (19666-3122.28) bear years.) 10152.5 USD = (13880-6425)/2 + 6425 = the middle. Is THAT what bears and bulls are fighting about at the moment?? I am very new to Retracement levels. But for the 50% you don't even need Fibonacci, just ... the middle. IF this matters, then I predict where we might see a similar fight: 19666 USD bull peak December 2017 3122.28 USD bear peak December 2018 (19666 - 3122.28)/2 + 3122.28 = 11394.14 --> There will be another price fight (of the really long term bears and bulls) ... around 11394 USD. Let's see if that happens. Opinions? And: Have I drawn the Fibonacci retracements correctly? And: Is 29890 USD (161.80%) the target of this run?
BITSTAMP:BTCUSDEducation
by akd
Just my 2 sats - BTCUSDTHey guys, it would seem the general consensus among the majority right now is that we're heading into a new low, or at least a retest of the 6k area - I'm not so sure. I've been mostly bearish since i began posting but that was before... before i saw BTC break the bear channel and HOLD. This will mark the first real retest of that once VERY staunch resistance as a new found support (hopefully). Obviously it can fail, however, given the amount of effort BTC needed to break it with any real confirmation, I find myself a little hopeful. This will (In my opinion) be the test to either confirm or deny BTC being in the beginning of a bull season again. This is an important time ladies, gentleman, whales, fishies, bulls and bears and all beasts of burden! feel free to comment your take on the market, i will try to get back to you guys though i often leave this running in the background. Trade safely and make bank!
by Disaster_Chartist