Forex_Academy

Forex_Academy

Timeframe: 240M Main Scenario: After having an explosive run movement last Monday, BAT resigned all the winnings and is now moving just below the central Pivot Point in this 4-H chart at 0.00003945. This coin has been moving strongly during the last 6 months and has good support. The volumes are very low right now and the pair is moving in range since...

Forex_Academy

Timeframe: 240M Main Scenario: The rate could start an important sell-off in the upcoming hours if the rate will close below the former lows. It is pressuring the 50% Fibonacci line of the major descending pitchfork, so the failure to stabilize above this line it will announce a significant drop on the short term. Technically, it is somehow expected to drop after...

Forex_Academy

Timeframe: 240M Main Scenario: The rate could drop again if it will fail to make a valid breakout above the median line (ml) of the minor ascending pitchfork. You can see that it has failed to close and stabilize above the median line (ml) in the last attempt. However, right now you should stay away and wait for a confirmation that the rate will really drop...

Forex_Academy

Timeframe: 240M Main Scenario: The rate has failed to make a valid breakout above the upside 50% Fibonacci line of the major descending pitchfork and to stabilize above the median line (ml) of the minor ascending pitchfork, os it could drop again on the short term. Alternative Scenario: A valid breakout above the 50% Fibonacci line of the descending pitchfork it...

Forex_Academy

Timeframe: 240M Main Scenario: The rate it has increased, but it has found a temporary resistance and now is trading in the red again. A valid breakout above the median line (ml) of the minor ascending pitchfork and above the outside sliding line (sl) of the minor descending pitchfork could signal a potential upside movement. Technically, it is somehow expected to...

Forex_Academy

Timeframe: 240M Main Scenario: Price it has failed to stay and stabilize within the ascending pitchfork's body and now has made a valid breakdown below the outside sliding line (SL) of the ascending pitchfork. EDO/USD is retesting the median line (ml) of the minor descending pitchfork, so a false breakout or a rejection from here it will send the rate down...

Forex_Academy

Timeframe: 240M Main Scenario: The crypto pair could resume the downside movement only if it will slip and close below the 0.09985 former low. BCH/BTC has increased significantly in the last hours and it is pressuring a dynamic resistance and maybe it will retest other upside obstacles before will drop again. Right now will be better to stay away and wait for a...

Forex_Academy

Timeframe: 240M Main Scenario: The rate increased significantly and it has finally managed to make a valid breakout above the major downtrend line. The breakout needs confirmation before we can go long again on Bitcoin. I've told you in the last weeks that we may have a larger upside movement only if the rate will make a valid breakout above the major downtrend...

Forex_Academy

Timeframe: 240M Main Scenario: It should drop further after the valid breakdown below the lower median line (lml) and below the outside sliding line (sl) of the minor ascending pitchfork. Alternative Scenario: Only a valid breakout above the UML it could invalidate the bearish scenario. Entry/Stop Loss/ Take Profit: The rate should resume the downside movement...

Forex_Academy

Timeframe: 60M Main Scenario: The rate could drop further if it will make a valid breakdown below the 50% Fibonacci line of the ascending pitchfork and outside the minor ascending pitchfork's body. Alternative Scenario: A failure to reach the lower median line (lml) and the 50% line it could invalidate a further drop. Entry/Stop Loss/ Take Profit: It is very...

Forex_Academy

Timeframe: 30M Main Scenario: The rate should drop as long as it will stay below the 50% Fibonacci line (descending dotted line) and could approach and reach the Alternative Scenario: A further drop will be invalidated if the rate will fail to stay below the 50% line (descending dotted line) Entry/Stop Loss/ Take Profit: The rate could drop significantly if it...

Forex_Academy

Some important fundamentals are coming to WAVES in the upcoming days, tomorrow in Berlin, the company will present the conference ¨Driving Bussiness Value with small contracts¨ and on July 24 they will launch DEX and the Beta Wallet, this could be positive for the pair and we have to be watching how it behaves. The price is now testing the Pivot S1 at 0.00040104...

Forex_Academy

Price has increased but it has failed to reach and retest the 50% Fibonacci line of the descending pitchfork. The perspective will remain short as long as the rate is trading below the 50% line and below the sliding line (sl).

Forex_Academy

Price has reached the 0.000069000 static support as expected, so a valid breakdown will confirm a further drop.

Forex_Academy

Price drops aggressively since yesterday and could reach the first downside obstacle from the ML. Technically, it could drop further after the failure to test and retest the lower median line (lml). It could also be attracted by the 150% Fibonacci line.

Forex_Academy

The rate it is pressuring the confluence area formed at the intersection between the upper median line (uml) with the upside 50% Fibonacci line. A valid breakout through the confluence area will accelerate the upside movement.

Forex_Academy

Price it has increased as the crypto market is on an uptrend on the short term. It approaches the lower median line (lml) and could jump also towards the inside sliding line (sl). I've told you in the previous week that only a valid breakdown below the outside sliding line (sl) will confirm a further drop. the current rebound it is somehow natural after the...

Forex_Academy

Price it has rallied as expected after the false breakdown below the downtrend line and below the median line (ML). The first obstacle will be at the inside sliding line (sl). The 50% Fibonacci line of the descending pitchfork represents a very strong resistance as well.