"Bearish Outlook: GBPUSD Descending Channel Analysis"GBPUSD is still in Descending channel - bearish market, expected to fall towards support near $1.23100 before making retracement from broken support around 1.26070 - where we are likely to get the best trades (bears).
Considering the broken ascending channel on the Daily TF plus the small ascending channel on the lower 4H-1H time frames, this puts us in mind, it indicates more bears in the market.
POSSIBLELONG
UNI On Them Bullish Vibes?My Fellow Crypto Traders,
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ANALYSIS:
Seems to have undergone a correction, and is entering a phase of making higher highs, and higher lows. EMA Cluster could go either way, to the downside our up, however, the trend reflects EMA Cluster should result in an upside swing. Please beware there could be a slight dip for trend validation. If the trend holds true, this raising wedge formation should result in a possible deeper correction in the near future. Also, the RSI+Stoch supports this upward narrative as it signals oversold.
SHR: Great Entry @ These LevelsMy Fellow Crypto Traders,
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ANALYSIS: (Update)
After SHR hit a good swing to the upside, it hit a new ATH of $0.0528 (previous ATH per CoinGecko $0.05190, 08/ 01 /20). Hitting those ATH levels, SHR took nearly a 50% correction. However, SHR has formed a base around the $0.025 level and should make strides back up towards ATH's. Therefore, SHR may dip below the POC @ $0.026, where buyers will find SHR at a good value in which SHR will be on the path to higher highs and higher lows.
Lets check possibilities for todayI have some channels and ideas for today, lets check them.
I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend.
So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart.
Rsi has a support line in a few days and it broke last night and we saw a big down trend, that line could act like dynamic resistance now, cross under happened in ma's and price formed a bear flag(not confirm yet).
We are still in dynamic channel by the support line which like the bottom wedge of the big ascending triangle I talked about.
I will confirm bear flag if I see a candle above green line and a respect to red line in chart(9650), I can confirm up trend if I see a candle above red line(9650) or breaking the resistance line in rsi(red line in rsi).
In my idea we will see 9650 again and the consequences of failing in break it will be 8700, but if we break it, we will see another try on 10k.
Personally I'll wait to see the reaction of 9650, and rsi reaction to red line.
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Take care, trade safe
NEBLBTC: Sign of light, may happen within daysNEBL took a long time in resting up after the rocket launch reaching ~950% in just only 4 days.
Let's look at this in a few details. The charts on the right there a HSN signal setup and a bullish divergence with RSI as first sign of preparation for the big launch ahead.
Now, the chart on the left, notice that NEBLBTC respect fibonacci level as it have small bounce off and resistance level. Volume wise it is consistently low in trading but many owner still hold on to NEBL for long term and volume has recover since the big drop of earlier of the month. It as stay above the 8m OBV.
The key on left chart is it has enter historical oversold level. This means NEBL might be looking for a potential setup to go long in coming days. When it comes it will be like the rockets as history trend to repeats itself.
Short term: any reversal signals within support Zone 1, beware if price breaks support zone 1, potential drop to support zone 2 is likely to happen.
Long EURUSDI will be longing EURUSD for the following reasons.
1)It broke resistance which has now turned to support dating back from August.
2)There is a trendline that has been respected from early November with this being the third touch thus probably propelling it upward.
3)Higher Highs and Higher Lows being formed.
Breaking the trendline would invalidate this trade.
4) Meeting the 61.8% fibonacci level
Like always 25 to 30 pip stop loss