Price facing strong resistance. Stochastic showing that correction nearing to completion and downtrend will resume.
I see inverted head and shoulders pattern. I will wait for retest to go long.
Price retesting resistance zone. We can see hidden divergence on daily chart and double top pattern on 4 hour. I will take short position on Monday if price gain bearish momentum during London session.
GU price retested previous market structure and got rejected from resistance zone and 61 Fibo. Pound shows weakness against the dollar for more than a month. So I will keep this pair on my watchlist next week and hope to see downtrend continuation.
I see continuation down. Rejection from 61 Fibo on lower timeframe.
Price broke major support trendline. I think we could see more downside for this pair after retest. Let’s wait and see.
As long we are above support we are still in play to reach new ATH. Always look at the bigger picture. 1W chart just retested support and previous market structure. Last week price action formed bullish hammer candle with rejection from 61 Fibo golden ratio. Bullish on #XRP
Price retested market structure and got rejected from demand zone and 61 Fibo. I think we can see $3 easy in the end of the bull market. Bullish on #ALGO DYOR
I only take short position if I will see 50% or 61% retracement and strong rejection from area of value.
I will go long if ascending triangle will be broken and retested. For additional confluence price got rejected from 61 Fibo level.
New all time high for #Bitshares this market cycle is inevitable. Like many other Alts #Bitshares price BCR 2 years supply zone and is ready to go higher.
1. Price got rejected from key zones like supply area, 50 Fibo and 200 MA. 2. Price completed full BCR - break close retest. 3. For additional confluence I checked DXY chart where price is in strong downtrend. 4. Bearish pin bar on 4-hour chart. So now I hope to see downtrend continuation. RR 1:3
1. Overall uptrend. 2. Price broke supply area and become demand. 3. Price got rejected from demand zone and 61 Fibo level. 4. Bulish Pin bar on 1-hour chart. RR 1:3 I hope to see trend continuation.
1. Bearish market structure. 2. Price rejected from 200 MA and 50 Fibo level. 3. Bearish Pin bar followed by indecision doji. RRR 1:4 #dontfollowblindly #DYOR
GJ Trade idea. I would like to see full BCR - Break close retest. Also we need additional confluence so wait for rejection from key zones like 50-61 Fibo, trendline and 200 MA.
My view on #XRP. This time I would like to see deeper pullback to demand zone before next leg up. I think we could see $2.30+ next week. Good luck.
Expecting to see pullback to 50-61 Fibo level. Which is good place to join the trend after bullish confirmation. #VET