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Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
Looking for 9k confirmation before re-testMy previous short target hit, albeit very quickly (see related idea). I'm waiting for us to creep back down to low 9k's/ high 8k's before we confirm whether or not we will continue this raunchy looking triangle. if the triangle is not to continue, we will fail to break 9500. This resistance may be encountered beginning at 9300+. Alts are showing more strength than ever. I have my eyes on several projects that have been trading strong against btc's descent.
by BingoMoney
1
BTC long (term) prediction (based on my previous correct ones)This update is an extension on previous long term analyses, although this one is more longterm. The same support lines are used and are still followed by the market, with one added at 6k. RSI supports upward movement, the MA (50) supports it as well. The support around 8.4-8.5k is holding. If it holds, it'll likely go up to 9.1k, since that one has already been breached, and the indicators support upwards movement, it'll likely move to the new resistance at 10.9k. Gains of around 9% can be made in the first part of the trade. 19% can be made on the second trade. Set stoplosses. To conclude, the RSI together with the support and resistance theory support a test of support at ~8.4k. The MA(50) together with the support and resistance theory support a test of resistance at 9.1k. It'll move to 10.9k if 9.1k holds well enough. Keep an eye on the description comments for changes. If I made you money, please consider buying me a beer to make my day: LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs Keep in mind to always set stoplosses and know the risk of the volatile market. Technical analysis is just an indication and is not a guarantee.
Long
by Woolhead
2
EUR/GBP 4H HEAD AND SHOULDER UPDATE!!Price Action (Technical Analysis): We have a very strong, healthy, respective Head and Shoulder Pattern here in the 4H time frame. Our neckline is 0.89553, our idea and discipline for entry would have been entering in the right shoulder when anticipating this pattern. (Right shoulder closing at the 38% retracement complimented by loss of bullish momentum) or Entering the market after we have our first impulse breaking pass our neckline giving us all the reason for price to correct itself to previous structure then waiting for a bearish price action reversal pattern. Both ideas are great ways to enter a Head and Shoulder Pattern obviously choice #2 being more confirmed then our #1 option. Fundamental Analysis: None.
Short
by RiosTrades