Short-trend
Ethereum at the Gates!We see that we have reached the end of the ascending channel in Ethereum , and if this ascending channel is broken down, it seems inevitable that the price level of $775, which is just fib support, will come.
We clearly observe the interaction of 3 separate support and resistance levels with the price.
As long as the vitally important 3rd level is not broken upwards, the channel structure we are in is suitable to be broken downwards.
In addition, the 50-day simple moving average acts as a resistance element for us.
trend rndrusdtI think we will have this process in the next few hours, pay attention to the blue lines, seek candless approval.
Not reasons for long - BTC to zone between at 15500-11000-6000$Common background at the world does not have for bullish trend crypto, on monthly timeframe we can see overbought BTC, downtrend still continue.
Finding best zone for short around at 20800-22500$.
Dear friends, be careful, it is not financial advice, use stoploss and risk management.
Good luck!
CADCHF Intraday & Scalp I SHORT Welcome back! Here's an analysis of this pair!
**CADCHF - Listen to video!
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GBPJPY Bearish Continuation Welcome back! Here's an analysis of this pair!
**GBPJPY - Listen to video!
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Possible double topA possible double top that may lead to a bearish reversal sending the EUR down. Around 75% of the time double tops lead to bearish movements and about 83% of the time they break the neckline. Usually strong bullish moves leading to the second peak force a strong downward movement. Looking at the 4hr chart the trend is moving down with the 20 moving average crossing below the 50 moving average.
AUD/USD Sell Opportunity Weekly momentum remains bullish although the current week had a bit of a rally to the upside. The previous weeks lows have also been broken which signifies selling momentum overall
A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable at this time
The last significant H4 resistance has been tested and found a hard rejection upon attempts to push higher. This confirms that the H4 timeframe is more likely to fall away
The 30min timeframe has had the last significant lows broken which has changed the trend to bearish for the time being. A support region has been holding pre-Asian session which I hope to see break for selling opportunities
With this in mind, I have set a sell stop in order to catch momentum should it continue. Targets set at the end of the previous low traffic area