HydraFinance

HydraFinance

I was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take...

HydraFinance

There's been an extended drop in price all the way since the highs in early November. It seems we've touched bottom establishing resistance at 0.9060. This level should absolutely hold for this scenario that I'm looking to play out. That being said, I can perfectly see the price surrendering last week's rally in its entirety before turning around again and really...

HydraFinance

Price has made its steady march on its way to higher highs. Becoming stagnant just shy of the 1700.00 mark, the price consolidated in a canal with a slightly descending angle. Initially, I thought this could be the entirety of the corrective pattern which was to be expected given the gains the asset had realized in the past few days, but after seeing the price...

HydraFinance

There are a couple of interpretations that fit quite well to the structure of price since it bottomed at around the 1,170.00 dollar price level. The lateralization created a neat base out of where price just recently shot up this past weekend. I am expecting it to surpass the 1,700.00 price target probably soon. Obviously, a clear sign that this scenario might not...

HydraFinance

I had expected once the price broke and closed below the trendline drawn, that it should follow the course and ultimately end reach new lows. However, I did give an allowance for something of the sort, that has taken place, to happen. None of the points that cause doubt or even invalidate the scenario have been broken and the revisit of price to higher ground...

HydraFinance

The pattern exhibited by the pair foreshadows a coming important move upward. If my suspicion is correct. We will be seeing a revisit to the highs of March 2020 and if anything this move should widely exceed the upper bound set at the outset of the pandemic. As should be obvious this is a daily timeframe setup. As such it should and most likely will take some time...

HydraFinance

I was waiting to be able to update my count on this and publish it a day before but I was just way too busy to get down to this. As I had touched before there was a possibility of this pair making a revisit to the lows again. In this case, the aggressive drop we experienced this week exhibits the characteristics of a C or a 3rd wave. For this instance, I've marked...

HydraFinance

I was writing last week that the price should soon turn around. As it turns out the turn was closer than I thought, even closing last week with a break and close below the previously established trendline that followed along the week recovery the index was experiencing. I do heed caution on the hand of the speculators but this only goes to reiterate our past...

HydraFinance

While I would like to be an optimist and believe that we are mostly out of the woodwork, that's not what I would be banking on. For the latter half of last month, the SP index rallied hard right after having created a new low, it would be easy to assume that the new low constituted a second wave down and that now the correction is over and the bullish trend should...

HydraFinance

The price of the crypto king has stagnated sideways since hitting rock bottom in June at a price just above the 17.5k mark. I've heard of many forecasters calling for another crypto winter similar to the one experienced after hitting the 20k peak for the first time. It certainly must seem logical to extrapolate such qualities as the duration from previous...

HydraFinance

Since my last post on the subject price fluctuated a bit below the 1300 level for a couple of days, but it has since made an aggressive rally almost reaching the 1600 mark. I expect the price to continue, with my first target ahead at the 2030 level. Any sharp move downward below 1300 would grant a reconsideration of this scenario. Happy Trading :)

HydraFinance

We had expected for this scenario to happen and as it turns out, the market bottomed at the ultimate designated target that we had called for more than a month ago. Markets never cease to amaze in the pinpoint accuracy they can display sometimes. In any case, Ethereum has rallied since hitting the 1191 target for more than a hundred dollar gain per coin. At this...

HydraFinance

A bear market has been in force since the beginning of the year 2022. Given the rebound occurring since mid-June, many investors may think the fog is clearing and prices should resume rising, however, nothing seems further from the truth. A common characteristic attending many bear moves across decades and many markets are 3 moves or waves, two moves pushing down...

HydraFinance

I am, personally, very close to Mexico. I don't currently live there but I have and many of my close relatives and friends still do. I've never been one to pay close attention to Fundamentals or to question the tape. Still, for quite some time I was befuddled about the way the Peso was gaining ground over the Dolar. Don't get me wrong I am not opposed to it...

HydraFinance

Last week showed a lot of weakness for this currency pair, Euro getting hammered down basically closing at the week's low. I expect this week to be the exact opposite. I still view the long-term trend bearishly but I am willing to bet that we are still to retrace higher a bit more before resuming the path and testing new grounds lower. Thus my idea of, in my...

HydraFinance

For a while I was expecting this chart to plunge way lower, having a deep retracement. It seems instead the price has done a sideways move. The easiest way to think right now is that prices should drop, especially looking at the aggressive attempts lower price has been printing. I will be paying very close attention a rejection after another minor wave down,...

HydraFinance

I am anticipating a huge move down next. This is a hard psychological trade to take in my perspective, especially following such a considerable drop, I am willing to bet there will be many buyers expecting the reverse of this move that left huge unchecked candles/bars full of liquidity, but given the sideways accumulation we had for the last half of last week, I...

HydraFinance

I have established the 1.0125 level as hard support. This should hold all the way until the price comes crashing down to create a new weekly low. Until that point, I am looking to follow the price up, and to that effect, and given how it closed on Friday I also expect the 1.0190 to hold as support at least until it breaks above 1.0290. With that assumption in...