Art_of_Trading

Art_of_Trading

The LTCUSD is going down last 2 days. As it was predicted in my recent analysis of LTCUSD, the triangle breakout was expected. Once the price brokeout the sellers got full control and push the price down. The momentum stopped last few hours, it seems sellers locking their profits and buyers are stepping in. The next structure level is 168.75 where it is acted as...

Art_of_Trading

The EURUSD moves sideways last few weeks. That is the zone where buyers and sellers have not fully committed and are in indecision form. There are two major levels to consider – resistance at 1.2505 and support 1.2191 These are the area where the most orders are placed. This condition both suits for breakout and structure traders. The best approach here is to...

Art_of_Trading

Many cryptocurrencies are correlated to each other and mostly they are correlated to BTC. In many cases, when the BTC falls, many cryptos follow it as well. This is the scenario for ETH. The BTC and BCHUSD price dropped significantly in the last few days as well. The ETH broke its support at 785.2 and with the strong bearish move and it is more likely that this...

Art_of_Trading

This XPR setup similar to BCHUSD setup, I analyzed recently. The strong bearish bar broke the previous structure low and support level at 0.88615. Now that support acts as resistance and there are two scenarios that most likely develop. The XPR price action shows that the sellers controlling the price last few days. However, there is a slight shift of power in...

Art_of_Trading

There is an interesting BCHUSD setup. The strong bearish bar broke the previous structure low and support level at 1142. Now that support acts as resistance and there are two scenarios that most likely develop. The BCHUSD price action shows that the sellers controlling the price last few days. However, there is a slight shift of power in the last hours. The last...

Art_of_Trading

As it was predicted in my previous BTC analysis the price hit the structure low at $9450 area. Some sellers step in there and we saw the price bounce back little. The question is, does BTC continue dropping or it will respect the support level at $9450 and go up? The current conditions show that the price may bounce back. The new buyers already stepped in, which...

Art_of_Trading Updated 

As it was predicted in my previous analysis, the price broke previous mini structures (see at H1 charts) and dropped significantly last 2 days. Moreover, the Gartley pattern formation gave the exact entry and exit levels. The price already hit 38.2 (target 1) and expecting 61.8 (target 2) to be hit and lock full profits. The price getting close to the previous...

Art_of_Trading Updated 

The BTC price is going upward last few days. It almost reached a structure high at 11765, which act as a resistance level. The buyers is going to liquidate positions to lock their profits and the sellers are going to enter at that structure high. Those scenarios will most likely drop the price down. Structure analysis, & gartley pattern both provides a good...

Art_of_Trading Updated 

The Dash price moves sideways last few days. None of the party, the sellers and buyers did not take initiative to control the price. But there was a little change few hours ago. The big bearish bar shows that finally the traders started selling. Can it break the support level? There is a support at 576.141399, which is structure low. The price respected that...

Art_of_Trading

The market move sideways last few months, that creates a good opportunity for harmonic traders. However, the price was bullish last few days. It reached 30.8 and getting close to the major resistance level at 31.15 This is the main area where the buyers and sellers usually make their decisions. Sellers go short and buyers take profit, that cause the price to go...

Art_of_Trading

The XPR price dropped significantly last few hours. There are three big bearish candles that show that sellers were in control of the price. There was strong volatility today. The price was less volatile last hour and it getting close to structure low at 0.88190. That is the strong support level, and it is expected that the buyer will step in on that area....

Art_of_Trading

The BTC market is trending and going upward on 1H bars. It made higher highs and higher lows last two weeks. Currently the market broke it structure low and we may see the trend reversal. The higher timeframe indicates that the BTC price was closed to its structure high at 11.750-1200 area. It is a possible that the market is changing trend and we will see the...

Art_of_Trading Updated 

This BCH chart perfectly shows how the price respected the previous structure multiple times. The resistance level is found around $1300, which is rounded number and we see the price bounce back and go down every time it touched that level. Thus, it is more likely it will do again, because sell orders are usually placed at key levels like this. Time to go short - sell.

Art_of_Trading Updated 

The LTC moves sideways last few days that formed the triangle pattern. These trendlines acts as dynamic support and resistance. I will await the market to breakout the triangle and then enter into the trade. After the valid breakout, I either go short or long on LTC, depends on the market condition.

Art_of_Trading

It is a good trading setup and I am going long for this stock. T1- 38.2 T2 - 61.8

Art_of_Trading

The market is going downward on NEO daily chart. It made lower lows and lower high and there is the old saying: “the trend is your friend”. Thus I am going to follow that trend. The price is going up last few days and making its correction move and sooner the sellers will step in and the buyer start taking their orders. Those scenarios will push the price down...

Art_of_Trading

The price did not make major moves last few days. However, the past few hours were really active, and the price went up and down. Those big bars indicate that both buyers and sellers are there to trade and get control of the price. The key resistance here is at 0.33713. The price respected that level many times and it is more likely that it will do it again....

Art_of_Trading

It is clear that BTC was trending downward last few days. The market made Lower Low and Lower High indicates the bearish market. The question is will this trend continues? The price made its correction and traders will likely notice the price reached the key resistance area (12000-13000). These are rounded numbers, which also give more significance to this...