FieryTrading

FieryTrading

Early December GBP/CHF failed to beat the 1.22 resistance two times, which was already a short signal by itself. Today 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 guess will be that the EU...

FieryTrading

EUR/CHF failed to pierce through the red area of resistance and is on its way back to earlier support levels. Today 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 guess will be that the EU...

FieryTrading

CAD/JPY has been a very active pair lately. Since May this pair is trying to break through the 81.5 resistance without any luck, until now? Hopefully, we manage to close higher tomorrow. This would, in my eyes, signal a new upward movement towards the pre-corona levels of 84.5. In case we close lower, we might see the price retrace towards the lower trend line,...

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Last week, USD/CAD broke through the support which has been holding for almost two (!) years. After the support was broken, the price dropped around 1.3% in two days. This hard drop suggests that the price will continue to drop further in the coming weeks. I consider Support 1 and Support 2 as areas with a high chance of reversal / exhaustion. Feel free to select...

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On the 1H chart, a bearish triangle is forming on the BTC/USDT chart. Looking at the fact that Bitcoin has failed to breach the $20k wall two times now, it might be time for a healthy short term correction. Support 1 would be my best guess where the price could reverse in case of some downward movement in the coming days. If Bitcoin might end up in a free-fall,...

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Since early November, DASH/USDT is following an upward sloping trend line. Since two weeks, the pair is starting to form a wedge. Today, the price has bounced off the trend line yet again, signaling a new upward movement in the short term. My take is that the price will continue to rise until the $114 area. If you're feeling confident, a $120 target might better...

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Just like the BTC pair, XRP/USDT is preparing for a strong move either way. One can clearly see the wedge that has been formed over the last few weeks. All depends now on where the wedge will be broken. In order to trade safely, don't trade on the immediate wedge break. To go long, wait till the bar (preferably higher time frame) has closed above the bullish...

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In my other ZIL post I foresaw strong bullish action on the ZIL/USDT pair. Since Bitcoin is kind of oscillating at the moment, I think the BTC pair will continue to shoot up. Consider Resistance 1 and Resistance 2 as areas of major selling pressure, based around 190 and 200 sat respectively.

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Zoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line. In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in...

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Silver hasn't seen the strong short selling pressure that Gold has seen recently. Yet. Silver notoriously lags Gold, we saw that earlier this year during the great bullish move of gold. Now, Gold has seen strong short selling, will Silver follow suit? I consider the $22 and $20 as main supports, they should return some nice R/R ratios.

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Boeing is doing great this month. The US elections and vaccine news made investors realize that Boeing was criminally undervalued. Today is the day when Boeing finally beats the summer high around $230. With a vaccine within grasp, I see Boeing reaching its old highs again. Consider Resistance 1 and Resistance 2 as great areas for taking some profits. In case...

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BAND/USDT is one of the winners of 2020 in crypto terms, seeing a 3400% return since the March low. Seeing the long term chart, this winner has more room to win. The last two major bull runs resulted in a +650% and +1575% gain respectively. Assuming the next bull-run will be an average of the two previous runs, we have a potential +1000% on our hands. It might...

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TRB/USDT saw some strong movement today and yesterday. It convincingly bounced off the lower trend line which it has been following since early October. My prediction would be that TRB will continue to rise till it reaches the $34 area. After reaching $34 it might consolidate for a while, risking a reversal.

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NAS100 bounced from the top resistance, signaling a downward movement for the coming days. In my opinion the bearish reversal will not hold on for long, most likely we will reject the lower trend line and shoot for new ATH's after that. The main support target for the current reversal are either the support at $12.200 or the lower pink trend line. Since the...

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TRX/USDT has formed a strong wedge since this weekend. My take is that it will be following this wedge in the coming days. After the wedge has been completed, the price can either go up or down. Before trading the completed wedge, wait for the price to go past the Bullish or Bearish Confirmation line. Higher time frame closes are more reliable, but lead to lower...

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LSK/BTC failed to pierce through the all time low around 600 sats. Recent price action could signal a new bull run starting soon, take a look at today's massive engulfing candle for example. The most conservative approach to this trade would be to target Resistance 1, based at last week's high. Resistance would yield higher returns to the cost of higher risk.

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USD/JPY completed a classic wedge pattern and broke out on the top side, signaling a new bullish move upward. Consider Resistance 1 and Resistance 2 as potential exits, with the first being the most conservative.

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GBP/JPY is finalizing a perfect bullish triangle on the 1H chart. It's waiting to go up. Consider Resistance 1 and Resistance 2 as potential areas of high selling pressure, take some profits there is possible.