Another Step Down To Hell?I wouldn't be surprised if the prediction came out to be true. breaking of this, what could be classified as major support, to then turning into that major resistance.
With a retest, I am positively going on this roller coaster ride to the trenches with UJ.
With the US dollar under pressure at the moment, it could more likely happen
but who knows...its just my opinion :)
Downside
UJ Taking A Step Down?I mean, it doesn't get any simpler than this...in my opinion :)
if we look closely, we could spot a Head & Shoulders pattern, or should I say "i"
I'll be looking to short this pair straight down to 107.800 or even 107.00 if I got the strength.
Let me know if you agree, that would be awesome!
SELL USDJPY - DOWNSIDEFurther downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.
Downside Risk To $3800/$3700 in the next 24 hours . uncertainty price in the bitcoin price,
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
write your price for bitcoin 24 hours from now
Despite occasional dead-cat-bounce, market closer to my targetMy most recent target of 2250-ish on the S&P 500 was considered ludicrous a week ago; now it seems more and more likely at the market continues to dive. $150 S&P earnings (i.e. down 10% for the year) X a P/E of 15. This too may prove optimistic. More at www.maverickinvestors.com
EURAUD - UPDATED DOWNSIDEUpdates downside prediction for EURAUD after Mondays huge market volatility. What comes up must come down, back to the SMA's to reconfirm support as stage one, where we may see the price test the next fibonacci support level due to higher time frames weighing the retrace down.
CHFJPY DOWNSIDE - DAILY TIMEFRAME Right then after a very volatile period due to coronavirus, it is time to move on as best as possible with unaffected pairs. Currently we have found a sell off available for CHFJPY, which does not seem to have the volatility issues presented currently through other main currency pairs.
A death cross is looking due on the daily charts, towards the fibonacci level shown which has been analysed on a monthly candle time frame to engulf the entire historical movement of the price.
TTWO Platform CompressionPlatform trendline patterns usually form on the upside trend due to Dark Pool Quiet Accumulation, as the giant Buy Side Institutions control their entry price. This Platform formed on the downside, but it is in a compression at this time to test the highs of the sideways action.
ETH clear in a downtrend, may hit 150 soonhorizontal support range between 155-160 is a very critical supporting area because the price has rallied twice at the end of September and October respectively. Now is a very perilous situation as the selling force overruns the market and is crushing the horizontal line. More downside is expected.
A 10% drop for XRP is in the cardsWelcome!
A very obvious trade setup has formed here. After its initial correction, XRP has consolidated above its previous support, made a rally attempt but failed to move higher and got rejected by the 20MA thus making a lower high . We can see that the price has returned to the previous support, held it for a couple of days but then went below it. So far we are being rejected by the same support making this a potential S/R flip . Bollinger band width implies a bigger move is coming and since we are below all mayor moving averages directional bias is to the downside.
Entry: now, at market
Stop loss: 3158
Targets:
- my first downside target for XRP/BTC is that pair of equal lows (connected with the yellow dotted line)
- my second and primary downside target is the strong support area (blue line) with a possible sweep of the previous lows (white curve)
Feel free to follow me on Twittter:
twitter.com
Take care.