FieryTrading

FieryTrading

In my previous post I predicted that ATOM/USDT would reach the Area of Resistance with great success. Now, this pair is showing all signs of reversing back to the lower support line. This pair has been oscillating since early October, so it's safe to assume we will continue for another few days.

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FIL/USDT has caught my eye today for two reasons. 1) The pair bounced from the all time low a few days ago and the support seemed to hold. 2) Today's bullish price action. Seeing the influx of new buyers we might see a new bullish period arriving for FIL/USDT in the coming days. I've marked two resistances on the chart where I expect selling pressure to occur,...

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Since BCH hit the resistance of the December 21st high, the price has been consolidating. Clearly, the price is forming a neutral wedge at the moment. Highs and lows are gravitating towards each other, indicating that both buyers and sellers are preparing themselves for a break-out. If you're wondering how to trade this setup, just wait. Wait till the price has...

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In my previous ETH post I stated that the price broke through a strong resistance and will continue to rise shortly. I think the time is there. On the 1H chart we can clearly see a bullish triangle, with a resistance around $745. I'm sure the price will break through the classic pattern shortly, marking a new road towards $800.

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DOGE has been following the wedge for a couple of weeks now. Today, it started moving upward through the upper trend line instead of touching the lower trend line again. With the recent interest in Crypto I wouldn't be surprised if we'd see more DOGE gains soon. After all, alts are left behind whilst Bitcoin is gaining value by the day. I' ve marked two areas of...

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THETA/USDT is inside perfect triangle. Officially speaking, it's a bearish triangle since the support is holding and the highs are getting lower every time the upper resistance is hit. Although that's the case, I'm not sure we will see a strong decline in the Alts anytime soon, especially with the volume and interest that Bitcoin is generating. My advice would...

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GBP/CAD is following a channel for a few weeks now. Today, the price has hit the lower trend-line. With the positive news concerning Great-Brain, I'm expecting the GBP to gain in value shortly, bouncing off the trend line. Since these are risky times, I'd wait for the price to close above the yellow confirmation line, with a target around the last major high.

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Bitcoin has once again produced a perfect bullish triangle. The last one led to great returns, will it do so again? After a small consolidation phase, Bitcoin is ready to blast off again, potentially targeting 30k. Before entering a trade, wait either for a strong bullish candle to break the upper trend line or wait for a pull back towards the support.

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Dash has been following his channel for over a month now. Yesterday, the price reversed downward after failing to pierce through the area of resistance, signaling a new bearish chapter for this coin. I'm eyeing the support line as a potential area of reversal, since the support has been holding strong for a few times now. Do your own DD.

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Today, GBP/USD has formed a double top: a classic bearish reversal pattern. I'm seeing this pair drop back towards the trend line, expect a drop to around 1.33 if the price keeps dropping like it does now. After the price hit the trend line, I'd expect the pair to go up again: GBP will regain it's value after a successful BREXIT deal.

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ATOM/USDT has been following the drawn trend line for more than half a year now, bouncing sharply every time the trend line has been hit. I think that this bounce will launch the price to previous highs. Consider Resistance 1 and Resistance 2 as major areas of selling pressure, be careful with your long position around there.

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Ethereum has been inside the drawn channel for two weeks. This morning, we saw some crazy price action accompanied by high volume, which led to a break in the upward trend line of the channel, potentially signaling parabolic growth in the coming week. I wouldn't be surprised if ETH manages to hit $800 today or tomorrow, with potentially targeting $1000 within a...

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Since late October, we have seen an amazing surge in the value of Bitcoin. The surges usually don't last long, maybe a day or so. After this exponential growth, Bitcoin enters a phase of consolidation where it "cools down" a bit, and where the whales can accumulate. This has happened for the last five quick surges. You reckon it will happen again? Every surge...

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BCH is spiking up again after bouncing off the lower trend line of the channel. After a small consolidation phase, I'm confident that the price will continue to rise to the upper trend line of the channel.

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With Bitcoin rising the way it does now, the btc-pairs are in for a rough time. ETH/BTC has been bleeding for a while now, and it has more to go. Assuming Bitcoin will rise further, I'd expect ETH/BTC to reach Support 1 in the next few days, potentially Support 2.

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EUR/NZD has made a perfect channel over the last few weeks. With positive news of a Brexit deal, I'd expect the EUR to gain in value in the coming weeks. Combine that with the beautiful channel setup you see on the screen, and we got a recipe for profit. I'm expecting major selling resistance around the last high, so trade accordingly.

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BNB/USDT has formed a nice channel on the 1H chart lately. It seems that the price is moving down again to the $30 level. I'm expecting a lot of selling pressure around Support 1 and Support 2, do your own DD.

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We've all seen the massive drop of XRP two days ago. A potential investigation stirred the market after hyperbolic growth a few weeks earlier, leading to investors selling their XRP coins en masse. XRP didn't fall all the way, though. The daily candles closed right at the lower support line of the channel, signaling a new way upward. With Bitcoin showing signs...