FieryTrading

FieryTrading

GBP/AUD has seen a strong decline lately. However, today the pair has bounced from 1.74300 support line, forming a double bottom. Classically, double bottoms are bullish chart patterns, so that's where this idea is based on. I've marked two areas where I expect major bearish pressure to occur, Resistance 1 and Resistance 2. Do your own DD.

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XRP has been in tough weather lately. Last few days, most of the large alt coins have seen tremendous growth. As it now appears, XRP is on its way to correct after the last sell-off. The $0.17 resistance held, marking the low of the sell-off. Since then, the price has been climbing steadily and shooting through the roof today. With the amount of volume in XRP, I...

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COMP/USDT is on the verge on completing a bullish triangle setup. My take is that the price will pierce through the upper resistance of the triangle and make its way upward, targeting $200 and potentially $260. Keep an eye out for this pair when it reaches $180, since it might reverse there.

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BAND/USDT has seen some great price action lately. Today, it finally broke through the resistance around $7.50. Not only did it break, it absolutely demolished it with the amount of volume, producing a daily candle of almost 20%. The fact that the break of the resistance went with such force makes me believe we will see a lot of great things happening or this...

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In my last NATGAS post I succesfully predicted the large bearish movement of NATGAS, with some great results! Check it out in the related idea area. Today, I spotted a great near term opportunity for a reversal trade. Both supports and resistances have been holding strong lately, which gives me the impression that it will do so again in the near future. I'm...

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ETH has been giving and giving lately, a true Christmas present. The past bullish triangle produced a parabolic growth of over 50%, will it do so again? My current targets are placed at $1150 and $1300 respectively. In case we manage to blast through the $1150 resistance with sufficient force and volume, I expect that the $1300 resistance will be reached within...

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OMG/USDT has shown strong bullish price action over the last three days. Yesterday I already wanted to make this post, but with BTC showing erratic behaviour I wanted to wait till things cooled down a bit. Since April, the last two big bullish moves from OMG started with large bullish daily candles emerging after a relatively quiet time of consolidation, see the...

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Yesterday, Gold broke out of the channel which it has been following since early August. The break out was produced by a massive candle of more than +2.3% in a day, which is rare for Gold. Considering the prior, I see the commodity gaining more strength in the coming days, potentially rivaling the all-time-high in the near future. I've marked two areas of...

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BNB/USDT has formed a beautiful pennant on the 1H chart. I expect the pair to stay inside it for another day or so, before breaking out on either side. To trade this, wait for a 1H candle to close either above or below the yellow confirmation lines. Ideally a high time frame candle.

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Bitcoin's record-breaking growth has gone far from unnoticed. It took a mere 18 days to go from the last ATH of $20k to the most recent one of 34.7K. Today, the weekly RSI is displaying a strong downward turn after a record value of 94.5, severely overbought. To see what is next, we will take a look at the 2017-2018 market rally. Here, the RSI was strongly...

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In my previous post about Dash I predicted that Dash would fall back to the original support line of the channel. Now, with all the bullish action going on in crypto, I'm seeing this pair rising back towards the upper area of resistance of the channel, potentially breaking through it. Keep an eye out for this pair! Since Dash has seen some recent tough weather,...

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ADA/USDT has been following this channel since the early days of the Corona-crisis. During the recent influx of volume into the world of crypto this pair has seen some steady growth. I think there's more to be gained here. My first thought is that the upper trend line of the channel has be to be reached before we'll see any bearish pressure. Best bet would be to...

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VET/USDT broke through the pennant a few days ago. Since then, the price has been consolidating around 2 cents. I believe that VET is currently in a distribution phase where buyers and sellers are loading up, preparing for a big move. Since the upside break of the pennant was as strong as it was, bullish sentiment has all but vanished. I placed two potential...

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LINK has produced a beautiful pennant on the 4H chart. Link is one of the few large caps which hasn't seen big gains lately, which makes me believe that there's a lot of upside potential for this coin. The price will either shoot towards the resistances directly, or it will bounce off the upper trend line. The first case seems more likely at the moment. I'm...

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I'm happy to announce that Litecoin, the sleeping giant, has officially awoken and is on a path back to former glory. In my previous posts I successfully predicted an advance to both $85 and $145. With all the volume entering the crypto markets currently, I see LTC soaring to $180 and potentially even $235 in the coming few weeks. Crypto is a bit in FOMO...

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Just like most crypto, BNB has seen some steady gains in the past few weeks. Apart from that, BNB currently resides on a crossroad. This post serves as a warning for potential BNB investors. BNB's all time high is located at around $40, which is exactly where we currently are. There's a possibility that the price fails to pierce through the $40 mark, resulting...

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As most of you all have seen, DOGE has seen some crazy gains today and yesterday. I did predict some kind of gains earlier, but not to this extent! This post serves as a warning for crypto investors: you missed the boat, move along. More opportunities will follow. Today's increase has been marked mostly by investors buying with large amounts of leverage, it will...

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FIL/USDT is inside this wedge for a few days now, preparing to break-out on either side. I'm seeing this pair follow the wedge for the coming few days. In order to trade the break-out, wait for the price to close below or above the confirmation lines.