As we all know Bitcoin has been going sideways and not doing much. I have published this chart a while ago on Twitter and most people thought that we would easily break the trendline upwards so it didn't get much attention. However, it has been playing out nearly perfectly so far Here we are testing it again once again. There is surely enough enthusiasm in the...
USDJPY has been forming this massive triangle for nearly 1650 days now. The triangle's apex is 350 days away. We have had 3 rejections and 4 support within the triangle. Pennants are usually a bullish sign but given the shape of this pennant I am leaning neutral. I will be looking to see which way it will break out and trade accordingly. Usually, technical...
BINANCE:BTCUSDTPERP Bitcoin has been going sideways for the past weeks, however it is forming a worrisome pattern on the daily chart. It had been creating higher highs and higher lows since Bitcoin has hit 10,500 range and got rejected once again. Since then, Bitcoin has had 2 lower lows and 2 lower highs. I my orders are set at between 9400 and 9600. I...
NZDUSD has been in a downtrend since late 2014 and has been sliding down since then. It has been forming a descending triangle which it had broken with the recent black swan event we have seen across the markets. Since then, it had reclaimed the descending triangle and trading back into it. It is at a big decision time. If it breaks above, NZD can rally...
It has been nothing but a crazy run for Link in 2020. Link has been on this upper sloping parabolic trajectory since 2018. When I initially first spotted this curve, I thought, no way that's possible, but here we are with multiple touches and rallies off of the parabolic trajectory. I don't think Link is going to make a run for the ATH territory just yet but...
NASDAQ:TSLA Even though Tesla is far away from the support levels shown below, there is a massive chance that at the very least, it will hit the green. It could be a smart idea to divide your orders into 3 and enter on each of the support lines