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!
Overbought
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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