Overbought
XMR - Trend analysis (SHORT)Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
IOTA Gann Fan + Trend Analysis - SHORTIOTA was Overbought twice in a short period of time. There will be heavy volatility in the near future, and market consolidation is to be expected.
Given the current trends, I personally believe that shorting IOTA would be the best choice here. The price is nowhere near a 1/1 retracement, and is showing little signs of a reversal into a bullish trend in the (very) near future.
Also, with all the other coins I took a look at, it looks like a correction is imminent across the board. Be cautious!
I'll take a look back soon to help confirm/deconfirm what is being shown right now, but it's not looking too good.
ZECUSD - Trend Analysis + Gann Fan + Head/Shoulders (SHORT)Not lookin' too good for ZCash here.
Very clear bearish trends. Not even close to the 1/1 retracement angle to be considered at all bullish.
ZCash was overbought heavily at numerous points in recent history, and ZEC is still fighting the inevitable correction.
The uptrend wave on the right shoulder is a bulltrap, and that we're going to see ZCash heavily in the red in the near future.
Trade cautiously!
USD/JPY : H4 Sell Entry ** (Target 110)Hey guys whats up !
Here is a nice entry for UJ
Accumulation of :
- Resistance zone
- Standard deviation
-Overbought
-Abcd
- Possible HS formation
- Bearish structure
- Breakout and retest
There is 3 targets on the chart and a breakeven lvl .
Good luck and follow me if you want more analysis :) !
BTC correction idea for this monthSo a correction is in play now, and BTC likes to do 30-40% corrections in this runup since the end of 2015.
This woul coincide with the middel 1d bollinger band, and would allow the 1d stoch RSI to cool down again from overbought levels to oversold levels. This would lead to an exceptional entry point within the next few days to go long.
However, I strongly advise against shorting, because there is a not so low probability that BTC will just continue the rally on monday, and the full correction will not play out.
This is a scenario to which I attribute a probability of about 60-70%. Since BTC is in ultra bull mode, the whole correction might not even come to pass.
However, the indicators say that it is quite possible, so I will position myself accordingly, as this would be a perfect entry for a new long position. The next days/week till the 18th, and on the 18th especially, might show some insane volatility, so be careful :)
NZD/JPY : Sell entry** (12H)Hey guys whats up !
Here is a potential entry on nzdjpy
Accumulation of :
-Breakout and retest of purple trendline & structure
- Tap # 3 of bearish structure
- Fibonacci confluence
- Standard deviation
- Overbought
- Resistance zone
There is 3 targets on the chart . Put your stop loss in profit when the first one is hit .
Good luck ! :)
BCHUSD | FREE FALL ZONE - OVER VALUED!Bitcoin's offshoot bitcoin cash climbs more than 40 percent as traders shift away from the original bitcoin.
Now it's time to see the actual valuation with BCHUSD
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let us know what you think by commenting down below
make sure to give a Like if this analysis clear your thoughts!
CAD/JPY : Short opportunity ( Longterm/1000 pips ) Hey guys !
Here is a good potential setup on CAD/JPY
**Risky trade because of Canada interest rate hike ** -- Wait for reversal sign
Accumulation of :
- Fib 50%
- Fib 38.2 %
- Lot of trendlines from bottom / top
- Resistance zone
- Custom fit stochastic
Good '' luck ''
EUR/USD : Sell entry** (Potential 400 Pips)Whats up guys ,
Here is a nice potential short entry on EU
Accumulation of
- Breakout of uptrend ( red )
- Bearish channel
- Triple fibonacci level
- Resistance zone in yellow
- Pivot point monthly ( not on chart )
- Strong moving average reversal ( not on chart )
There is two targets on the chart and maybe a third one to the 38.2 retracement .
Good luck !