FieryTrading

FieryTrading

CRV/USDT has bounced off the lower trend line of the wedge, signaling a new bullish movement in the short term. Im eyeing $0.70 as a potential target, feel free to do your own DD.

FieryTrading

In the last two days, Bitcoin has seen a new price surge. This bullish movement will continue till around $19,500, where either of two things can happen: - The price breaks through $19,500 and moves towards the ATH of $19,900, possibly hitting $20k and beyond. - The price reverses towards the lower trend line and bouncing back. This would complete this bullish...

FieryTrading

Litecoin is have a strong last couple of months. After the two rapid declines of the past few weeks I reckon that the price is going up again after it bounced from the lower support line. For this trade, my main target is $90, but feel free to select your own. Also, take a look at my long-term Litecoin idea linked below.

FieryTrading

For a few months now, ATOM/USDT is following a channel. Yesterday, the price bounced off the lower support line, signaling a new bullish move upwards. Im considering ~$6.20 as the main potential target, but please do your own DD.

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In my previous PayPal post I foresaw a $215 price target. What I can clearly see now is that the channel is holding strong and that PayPal is on its way back again towards earlier support levels. Im eyeballing Support 1 and Support 2 as potential exits, but please do your own DD.

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CHF/JPY failed to beat it's summer high of 117.7, leading to a massive decline in value. Not only did the resistance hold strong, the RSI showed bearish divergence as well, making the decline even more powerful. Combine all of this with the terrible Brexit news, and we can expect a strong decline of CHF in the nearby future. Im considering Support 1 and...

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It seems that the upper resistance line is holding strong, Google bounced away from it for a fifth time now. With the bad Brexit news pouring in, I foresee that Google has more room to fall. My target would be the lower support line, but please do your own DD.

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For a few days the SP500 is above the critical resistance line, which has been holding since 2011. For the first time in 9 years the price has managed to stay above this particular line for more than one week. Is this week's bearish action a start of a new retraction?

FieryTrading

The SPX500 is gradually running up since early november. Every time it hits the support line it will reverse quickly and continue its upward momentum. It's not a big % trade, take some profits when you're 1-2% in the green.

FieryTrading

In my previous post I hoped for some bullish action towards $100. What happened is that AMD bounced from its previous ATH and is on the way down again. My target is the $77 support, but feel free to select your own desired target.

FieryTrading

XEM/BTC is seeing some strong upward movement today. I'm seeing the price reach the 1450-1500 sat area again. If the price manages to blast through this area, we might see even more growth in the coming weeks. In any case, trade carefully.

FieryTrading

MDA/BTC has drawn two engulfing candles in the last 4 days. Bullish engulfing candles are generally a good reversal indicator, and now we have two of them! In October this pair has seen some strong growth with big candles drawing in rapid succession. Will history repeat itself? Im considering Resistance 1 and Resistance 2 as two potential targets, feel free to...

FieryTrading

EUR/GBP has been following this wedge for more than half a year. My take is that it will follow it till the end of the year. Im eyeing the green marked area as a potential area of reversal, but feel free to set your own targets.

FieryTrading

AMAZON is behaving fairly choppy since August. My guess is that it will continue to oscillate for while since we had the massive corona run-up. Im eyeing Support 1 and Support 2 as short term potential targets. Be careful holding this stock too long, it might see another run up towards Q1'21 earnings.

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ETH/USDT previously formed a beautiful triangle on the 1H chart. Since the highs are consecutively lower, this is a bearish set-up. I'm waiting until the price closes below $560 on the 4H chart. This could be the catalyst to propel the price towards the support levels on the chart. Do your own DD before entering a trade.

FieryTrading

XRP/BTC's wedge has formed into a bearish triangle. At the moment I'm waiting until the price breaks through the 2800 sat support (lower trend line of the triangle) before entering a trade, ideally on the 4H chart. As soon as that happens, I'm eyeballing Support 1 and Support 2 since a lot of price action happened around those areas. Do you own DD!

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GBP/USD didn't manage to beat the 1.35 resistance for a third time today, signaling a new downward movement in the coming days. Furthermore, it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly. My...

FieryTrading

In my most recent GBP/AUD post I made the prediction that there was a bearish Head and Shoulder pattern forming on the 4H chart. Today, the pattern finalized, signaling a new path downwards for the pair. Also, it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that...