BTCUSD is approaching our first resistance at 5991.7 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 5151.5 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price...
Ark (ARK) is getting ready, this chart looks really good and we have great potential here. The Altcoins market is getting hotter and hotter, and we are looking right on schedule for our May/June bull run. So let's diversify as much as we can, positions ourselves as early as we can, so that we can later maximize profits as much as we can. I always mention big...
from my point of view i see that we have reached the s/d zone and price is forming a support zone with several penetration and break attempts. I will wait for this support to break before entering a short position. Alternative for this short is a break through the "2015drop zone" and a long trade after a close above. Epic chart with simple view ;-)
SD seems to be undervalued due to news. Looks like a good opportunity to buy in and hold.
i think the break out is confirmed on the DXY because he brak out the long tie tdowntrenline since almosst high 2016 then after technically he do the pullback on this t-line and bounce on sharply. so we can say for short and middle time the dollars is back in da place first target easy at 94.05 me i entry on since friday and i have a traling stop now. he can go...
*Long $JPY, preferably buy limits at 105.5* 1. at 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart you will notice 105.5 is the 2nd most important level in $Yen's 20y+ history, the 1st most important/tested is the 101 level. 2.Further, over...
Here's the crux of the matter: SD reported earnings after the bell today, and there was not much action after the release. The company presentation before the bell could have a big influence over the price action. This could be the catalyst that breaks the price action out of this triangle. There is a powerful set up to the upside here. One could take a long...
- CCI is showing overbuy - Supply level is touched and price is already showing reaction - Please use stoploss or hedge at supply level - Target is at Demand level (almost 1400 pips)
Fresh demand level reached. main trend is downtrend BTW. Williams %R also showing oversold. I'm expecting price will go up to the inner trendline level (also inside a fresh supply level)
Trend lines hasnt been broken. Fresh SD level is retested. CCI shows oversold. Im expecting the price will go up strongly.
Supply Demand revisited 4th times now. While CCI showing overbought in an uptrend, and also the momentum is good. Fibonacci also retracement at 23.6% is a strong indication that the price will go strongly uptrend.