The introduction of Cogent Trading depicting the various stages and content.
Sometimes the zone is right but requires at least three chances for correctness. So take the chance when the setup is right. The first bullish engulfing was stopped out but the second came through. When price is in a zone, even if you have placed a trade, stay vigilant to recognize another signal to enter more positions if your risk management plan can...
Gold is currently enjoying a bullish momentum, retracing from its latest All-Time-High of $2450. I am anticipating that it will retrace and retest the $2000 zone and use it as support to continue its Upward move. However, this might not happen anytime soon since It has a tendency to print at least 3 bullish candlesticks after breaking a previous ATH. So, the...
- TON at proven support that have been tested multiple times. - Price might dip to the $5.3 zone since $5.9 doesn't hold. Another good support zone to get in. - If price get to the $4.7 zone, Market condition will start to filter out the none Diamond-hands. - About to go look for a bullish candle on the 1H timeframe.
Price approaches the NGN1192 support. Potentially will bounce up to retest the broken NGN1406 support and use it as resistance. Since price is retracing after a steep bullish move, the next solid support might be found on the NGN961 zone.
- BTC currently breaking out of a Symmetric Triangle. - What this means is that the current ranging market is near it's end. - So price will likely break and reach new ATH or it will fall back to $66k or $61k.
Price currently consolidation between the All-Time High resistance of FWB:73K and the support of $66k Potential will drop to retest the $66k zone before resuming a strong bullish momentum to surpass its ATH. If that is not the case, then expect a drop to the $61k zone. All my DCA and short-term trading Buy zones are shown.
Rio is still about 94% away from its all-time high. It is currently at a resistance zone so may likely retrace and retest previously broken support. The community is optimistic about the project surpassing its All-Time High of $5.2.
- Price at resistance zone with Bearish Pin-bar Candlestick Pattern. - Also On the daily chat, the last Candle at this zone is also a Bearish Pin-Bar
Symmetric Triangle Breakout on a strong support zone with Bullish Engulfing candle stick.
- Price is likely start retracement or consolidation soon, - The consolidation will happen within the SWB:69K and $60k zone. - Price is also forming an ascending Triangle As I mentioned in my 1 Day timeframe analysis, If price surpasses the previous ATH, it may find resistance between $80k and $90k.
- Price is too upwardly steep so a retracement or consolidation will soon begin. - Price may experience strong rejection at the ATH resistance, as it has already shown. - If price surpasses the previous ATH, it may find resistance between $80k and $90k. - I have identified four strong buy zones if price retraces and begins a retest momentum
- Price has reacted to the All Time High resistance zone. This may begin retracement move as mentioned on my 1 month Timeframe analysis - Price may retest and end retracement move on the 1st or 2nd Buy zone indicated. These is the two zone price may continue its bullish momentum to possibly surpass its All Time High of $69k.
- Price might surpass the ALL-TIME HIGH of 69K - It is currently at a significant resistance zone, so caution and risk management should be exercised. - Expect a retracement and Retest of 46k. It's a good zone to buy if price dips.
Dojis have been printed for the past 3 weeks. Anticipating an explosive move by this month or next. Why?🤔 Because these Dojis on the Weekly TF represents a consolidation on the lower TF. And there is always a high probability of strong impulsive move, once a consolidation is broken. I HAVE HIGHLIGHTED PREVIOUS EXAMPLES OF THIS WITH CIRCLES ON THE CHART.😎
BTC seems to be on strong ground technically and will most likely continue on a bullish momentum in the grand scheme of things. Although retracement will bring about bearish seasons and sentiments. Overall, Its like betting on electricity to still be relevant in the next 100 year. Blockchain is the real fundamental behind BTC, Blockchain is like electricity.
Price is at a potential support zone and is still on an uptrend in the higher timeframes. So the descending channel can be viewed as a retracement move. Still bullish, the treatment for the symptom of inflation cannot cure inflation.
From the daily timeframe analysis, price is at a support zone. Depending on the change of fundamental which is currently bearish because of - The Nigerian government ban/restrictions on exchange platform - The Binance price cap for sale of USDT A primary truth still remains though, this is a treatment to the symptoms of the Nigerian Economy Sickness. Not the...