Forex_Academy

Forex_Academy

Bitcoin dropped aggressively in the yesterday's trading session and was almost to reach the 6425 low. I've said in the previous days that the crypto could drop much deeper if will make a valid breakdown below the 150% Fibonacci line. It will drop at least till the 6000 psychological level if closes below the 6425 low and if continues to stay below the 150% line...

Forex_Academy

It should drop much deeper on the Daily chart. The rate erased today's gains and confirmed a further drop towards the WL1 and towards the 150% line.

Forex_Academy

OMG has lost 0.86% in the last 24H and $ 3 USD in the weekend drop, the price crossed the Bullish trend line that is traced without problems, at this time the price is at $ 9.29, support that has been kept the last two days, if this support ( two months minimum ) is broken, the level of $ 9.00 would be the next support to visit, below, S1 at $ 8.04 is the next...

Forex_Academy

BCH/BTC has managed to increase a little and to stay above UML of the descending pitchfork and above the lower median line (LML) of the ascending pitchfork. Price failed to reach and retest the upside line of the down channel so a breakdown below the LML and below the outside sliding line (sl) of the ascending pitchfork is still favored. Only a valid breakout...

Forex_Academy

BCH/USD is trading in the red today after the yesterday's minor increase. The rate remains under selling pressure on the Daily chart. It could rebound only if the breakdown below the lower median line (lml) of the black ascending pitchfork will be invalidated and the rate will climb again within the ascending pitchfork's body. A valid breakdown below the median...

Forex_Academy

EDO/USD slipped lower in the last hours and could approach the 1.1120 former low. The drop was expected after the failure to stay and stabilize above the lower median line (LML) of the ascending pitchfork. The breakdown below the outside sliding line (SL1) has signaled a significant drop. Price is located below the 150% and it could still drop after a minor...

Forex_Academy

BCH begins to show green on the charts after having lost $ 220 usd in just two days, at this time is at $ 938 after having reached a minimum of $ 908. The indicators are shown in oversold zone and buyers already are starting to put buy orders and it is very possible that in the next few hours we will see the price close to the Central Pivot Point at $ 977, even...

Forex_Academy

IOTA has lost -1.54% in the last 24 Hours where it found support at $ 1.32 after dropping more than $ 0.42 cents over the weekend as well as all cryptocurrencies, sellers still do not want to exit the market and they are pushing the price very much below today's center pivot point. The RSI and the Stochastic already appear saturated in the oversold zone so the...

Forex_Academy

DASH has lost -5.33% in the last 24 hours and it seems that the bearish pressure still does not disappear in the pair. At this moment the price is $ 259.3 very close to the pivot S1. The RSI and the Stochastic are in the overselling area but the sellers do not get tired and it seems that the move will continue. The price is at a minimum of the last november 2 (7...

Forex_Academy

ETH has lost almost -20% in two days being one of the most hit currencies among the main altcoins, at this moment it moves at $ 519 while bearish pressure intensifies and sellers try a firm breakout below $ 500 that It is the most important support area. A breakout of the $ 506 level would lead the pair immediately to $ 500 and from there to S1 at $ 488. Upward,...

Forex_Academy

The Litecoin is trading at $ 105.44, it is at the minimum of February 02 and has lost -4.92% in the last 24H. With this drop of the weekend, the LTC broke below the bottom line of the triangular pattern, and if it doesn´t recover this level, it could be looking for the $ 100 psychogical level and below the minimum of December 8 at $ 90.00. On the bullish side the...

Forex_Academy

EOS has been one of the big losers over the weekend and lost -13.81% in the last 24 hours with a current value of $ 12.2 on this 4H chart. The price went through without problems over the 200-100-EMA touching the floor of $ 10.7 very close to S1. A reaction from the buyers is expected and the RSI is ready to eave the oversold zone and appears pointing upwards. We...

Forex_Academy

ADA has lost -9.32% in the last 24 hours and is now below $ 0.17, this drop was general throughout the market after the BTC droped below $ 7,000. The situation of the market is uncertain however the 100-EMA is below the 200-EMA which confirms that the path of least resistance is to the downside so it is likely that sellers will resume sales. The RSI appears...

Forex_Academy

After the long rally of the last week, IOTA has yielded half of its earnings and today has as main resistance the 100-200-EMAS close to $ 1.74, the indicators appear neutral and the volume has fallen a lot so the buyers have lost a lot of strength, however, we must be alert to a close above the 200-EMA that can give us an interesting boost.

Forex_Academy

QTUM has lost -2.49% in the last 24H and keeps trying to get away from the minimums of the beginning of the week, the price has bounced in S2 and the buyer impulse seems strong to push it a little more upwards to look for R1 close to $ 13.87 .

Forex_Academy

Metaverse (ETP) has lost -1.31% in the last 24 hours and its price is now at $ 0.8532 forming higher lows and lower highs in what we call a Symmetric Triangle Chart Pattern. For now the price appears a bit bullish so it is likely that the price reaches the top line of the triangle in the short term, close to $ 0.8869. This formation usually produces a strong break...

Forex_Academy

BCH has lost -1.66% in the last 24 Hours and faces strong resistance at this time as we see in this 1H chart. The price has bounced near the 200-EMA and still fails to cross the 100-EMA although the general sentiment is positive above $ 1,100. The price would have to breakout the Bearish Trend Line above $ 1.146 to gain bullish momentum.

Forex_Academy

EOS has gained 0.40% in the last 24 hours and continues in uptrend, in this 1H chart we see how the price is testing the uptrend line and it is likely to bounce there as there are buyers' interests to look for new highs. The 100-EMA is above the 200-EMA which indicates that the simplest route for the price is upwards while the 200-EMA is doing its job as a dynamic...