GOLD XAUUSD Target Hits 1Gold finally breaks the resistance formed on the downside at 1301. I had posted the chart a month back, it was clear that gold will fall due to multiple attempts to the upside but couldnt breakthrough. We can see some minor pull back to 1301 and than another leg down towards 1275/70, I am looking at 1220 being my first target on the down side. as long as it stays below 1305, We can expect big leg downs on this commodity.
Technicals
XRP/USD upside comingAside from popular belief that there will be one more leg down on XRP, I believe we have seen the worst for XRP. I come to this conclusion after charting some of this data with the volume, 25 EMA, 55 EMA, and the RSI. One can clearly see on the chart what happens when we have a golden cross from the 25 and 55 ema and vise versa. When it crosses down we are met with substantial downside and when it crosses up we have big run ups. I circled each of the cross overs on the chart to make them easier to recognize. Also, the RSI seems to have some positive divergence as well as not being overbought on every time frame. I am long on XRP from .20, so I tried to give this with as little of a bullish bias I could, but that seems difficult for how bullish the chart has developed.
Another coin that has caught my attention in a big way since the moment I bought it in January is HTML coin (used to be HTML5 on yobit). After the addition of tradingview to bleutrade, one is able to make better assumptions where this coin will be headed. HTML is getting listed on Hitbtc in 6 days or less, and is expected to have a major run up because there is 50-60 x the amount of people on the exchange at any given time as well as the huge increase in volume from exchanges. I have charted HTML with just the EMA 25 and EMA 60 showing the golden cross over that XRP is undergoing as well. The HTML team has gone under a transformation of their website and promect as well in the past 2 months, which has been recognizable by the community. We are in good times for crypto, so dont let anyone else tell you otherwise!
I am not a financial advisor just stating what I see in the technicals.
NZDUSD H4 LOOKS GOODwe got weekly trendline and daily support on NZDUSD and am already long on this pair with 40 pips Sl, do use right risk management = 2% per trade and move sl to entry once in 30+ pips profit.
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WTI - US CRUDE OILWTI US CRUDE OIL , looks pretty strong to the upside and has gained momentum in the last few days due to the geopolitical situation. We can expect some upside for this commodity, There is some resistance coming for it, but another 5 to 7% looks quiet bullish. Any geopolitical uncertainty can surely change its course to the down side.
USDCAD H4 BreakdownThis pair has been running into Cosolidation since Last Week and it shows bilateral Triangle on H4 TF and am gonna wait for break and confirmation then will be looking to Trade on it, Personally Believe it to fall with DXY correction.
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PLATINUM - Short PlayPlatinum falls sharply and will continue to fall while it looks for some support for a short term rebound which I (assume) could go to 945. However, if support at current level is not found than we are looking for another major fall towards previous lows and potentially even lower toward 885/80 Support area before it starts to rebound.
CAD/JPY Are we in the Bullish Cycle?!! Next stop the 90.000 As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP.
For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada - meanwhile countries such as China, Russia, and many Europeans countries haven't set out boarder lines or trade Tariffs with Canada makes it an even more reliable source for investors and that's largely due to the fact that Canada is one of the worlds biggest Energy & Agricultural Food Product exporters - Not only with the US but the whole world.
Reason why I'm looking at CAD/JPY Specifically, and not other cad pairs such as USD/CAD or CAD/CHF is because the JPY itself has gained weakness, as investors buying this market have pulled out with no momentum left to keep it rising up strongly against the CAD.
Seeing how CAD/JPY has also broken above major Technical Price Levels (83.300) & (84.250) then we can almost see this breaking above the next Major Technical Price Level (85.700) and closing above it, as I do see this running up to the 92.000 levels.
But seeing how CAD/JPY is currently reacting, consolidating on every time frame we can confirm that it's at an exhaustion level right now, and we should expect a re-test back to the lower side in order for the CAD to rebuild that momentum and break above our next resistance and close Bullish above it, which currently is priced at (85.250-85.400).
The next re-test should be expected at the previous resistance, which was priced at (84.240) but even then, we should expect a brief break below that level perhaps to the (84.000) back to the round numbers that we know banks tend to reverse price within.
That being said - I do hope the community has a rough idea of what expectations we could have with the CAD over the course of the next 2-3 Months, till we get to the 90.000 levels.
CAD employment & NFPTonight, we have the CAD employment data. No significant change expected in the data.
However, if we get a positive NFP data, we could see the USD strengthen further.
Giving the USDCAD a solid base to bounce off support of 1.2750. However, a buy trade should be triggered only if 1.28 is breached.
Preferring to shift my attention to the RBA Decision and StatemeThe cash rate is not expected to change, and the accompanying statement could indicate continual growth for the economy in 2018. Overall, it is likely to be positive news.
But with less global risks now, we could see a short uptick in the AUDUSD, before it turns back down to test the recent lows.
ARK - Daily Analysis Ark has broken out of our previous down trend line and we could be headed to 3.28 which is a weekly resistance level.
Price could hit that level and stagnate for a bit as its an area of major confluence of the parallel downtrending channel too.
A 30% upside is what Ark is in process of completing.
"Target :- 3.2844"
DASH - MAJOR BEAR MARKET DOWNTRENDLINE DASH has been in a major bear market all through out the start of 2018.I have a bear market trendline in place which has acted as major resistance.
At the moment the price is entering the support zones of major 2016 PRE - BULL MARKET levels.
Remember a straight line fall is always coupled with a straight line increase most of the time in a faster way on the way up.
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STAY STRONG
GU LONG - 4H, 1D, W Technicals holding - BREAKOUT TRADEOn the weekly, the retracement of price has formed a bullish flag pattern, giving upward bias on the weekly.
On the daily, price has formed a triangle formation and is preparing for a breakout. It has also found support at both the 0.36 Fib retracement and established trendline.
SL: 1.37
Price: 1.38492
TP: 1.415
Hoping to hold between 10-14 days
Should be good.
Hey BTC! I found volume! He's over here!
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume!
Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios:
- One, a sideways day or two before hitting our target this weekend sometime.
- Two, it's possible we have another big RED candle tomorrow as well.
- Three, I could be wrong and today was all the capitulation you're going to get in which case:
-- We won't reach our target area
-- BTC won't get a second chance to kiss his mother (200 day MA) goodbye.
- Four, we take one of the first three choices, bounce, head north and then get stopped a second time by the top of my BLUE channel before heading lower again.
- Five (least likely), we simply blow right through the 200 day moving avg. and continue south with little to no hesitation. This is very unlikely with the capitulation volume we observed today, however, BTC has surprised me numerous times this past year or two and thus, I would be remiss not to make mention of this option.
I'll leave it up to you all to place your bets on which of these scenarios plays out. For now, I am still hoping to hit our target.
Still too early to tell if 4 will be a valid option. If we head north from here and hit the top of my channel again, the probability increases that we hit our heads and continue south. I think we need the springboard of the 200MA to give these bulls enough momentum to push through resistance, form the right shoulder correctly, break the last RED neckline, and continue north. IF (BIG IF) the bulls can actually do that.
BOTTOM LINE: We have our volume! But will we get our trampoline bounce from the 200MA as well? We kinda need that right now.
ONE MORE NOTE: Just a theory, but I had noted in the past that BTC likes 60 day cycles. First 45 UP. Last 15 DOWN (ish). Because, of the futures trading announcement pumping the market abnormally last Nov-Dec, the last cycle got all jacked up. It was all down and ended up extended by 25 days. That shortened this 60 day cycle by 25 days, making it 35 days in length. We have been in and UPTREND for 28 days of this cycle. If my timing is correct, the last 7 days should indicate a downward trend. So far, so good. 3 more days to go! That puts us right at the weekend. Perfect! This aligns magnificently with my charts and is nothing but good news for the bulls should we hit our target.
Happy trading friends!
AUDUSD - SHORT - 4H/Daily - Price respecting technicalsOn the weekly period, price has been ranging between parallel Support and Resistance, it appears to be going back down to test the lower level.
Price is approaching a previous horizontal support + the 38% fibonacci level which provides significant resistance.
$BYOC The Beast from the East Continues With Ascending WedgeBeyond Commerce has fully established significant support between the .09-.10 levels reminiscing back to the .02-.03 levels that traded sideways for a few months before breaking out. It is anticipated however that things will begin moving much faster now at these higher levels as the company progresses forward at a much faster pace in implementing the goals it had set forward since Summer of last year. The company has potentially 4 more acquisitions each one much larger than the next and potentially significantly pushing the PPS past the $1.50+ level and into $OWCP territory, if you've been following me on iHub and Twitter you know how well we did last year and the year before with that one, from subs .00 level to $3.50
I am very long here and will continue updating on the further progress of the company.
$BTC Continues to find support as $DIME gets accumulated.Dimecoin a crypto on the move and still majorly under the radar has been getting accumulated as Bitcoin continues to consolidate and find support at these levels.
$DIME now has a new management team and CEO and has made major moves forward in progress over the last month. Here are a few of the things they've accomplished already in this short time.
Completed the Windows wallet 6 days ago
Currently Working on the Android Wallet
Partnered with 5 sponsors of the coin who have agreed to use it as payment.
Listed to 3 more exchanges
Twitter following has gone from 1,200 to over 5,800
Telegram chat has gone from 230 to over 2,600 all this within a month.
DimeCoin online Store
Future goals:
Linux and iOS Wallets
CoinBurn
Listed to major exchanges
More Sponsors for the Coin
Branching and Advertising
So far I've found the best exchange to buy $DIME is #Livecoin and the best pairing is the DIME/USD Pair
Don't forget the Super Bowl ad also for Coinbase. That should help BTC find support down here.
BTC PRICE target HiT The swing trade turned out pretty amazing which I mentioned in my last chart for BTC and before that as well.
It hits the 61.8% fibo and gives a reversal. No we can see some upside to 10,500 Target Area to reach towards the Median
line of the fork and also the trend line. For time being we can see BTCUSD on the up side but it will be a struggle for it to
break that level as over all it is still in a down trend. But for now we can take short term profit and see how the market
reacts once it reaches that level.