With the breakout from the current triangle, this pair looks set to head to the .7036 level which is about 370 pips from current price. I will enter and hold a BUY from here as a swing position for this week as i anticipate the move.
I expect a the current pullback to land at the $9100 level before a major bounce to $11k and possibly beyond. Its a healthy pullback i think with moderate volume so a possible retest of the $9100 level to form a Higher Low would be crucial to the next up move. A breach of the $9100 level would invalidate and liquidate many LONGS and possibly cause some fears to...
Technically USoil is in a very critical situation at the moment and on life support. Its broken and retested a very important Weekly support which probably takes it down to the $42 level in the next couple of weeks except OPEC+ steps in with their proposed production cuts to save it from such a demise. The technicals aint looking good for Bulls...Goodluck to...
ETH is currently in a good position after it broke its downtrend line to the upside..We are currently in a medium term uptrend and i expect price to reach $236 before a minor pullback then a straight rocket to the next resistance at $286...I expect Bitcoin to continue to relinquish some of its dominance cap to ALTS and that would be great..Grow some balls and...
Gold has really blown through lots of crucial resistance levels in the past few days..What seems a bit weird which confirmed my point for a huge manipulation came in yesterday and early today. We had the DOW rally over 500 point yesterday and as we all know GOLD should be coming down with that rally since it was also sitting on a very crucial daily resistance...
Currently playing in an uptrend channel near a string resistance area which has rejected price, i expected a dive down to test the lower part of the trendline again or even break through downwards..If it breaks downwards then we could be in for a heavy fall down to $120 ish possibly maybe that could be when Bitcoin could take all alts with him to confirm its...
After some last few weeks of only experiencing drop i think TRX is now ripe for a bullish movement up which could take it back to the $0.028 level to test the next major daily resistance..I'm LONG from this point
After a very lively 2019, the retracement that was always expected seems to have completed as it hit the ascending trendline on the 38% Fib level and closed a bullish candle in same zone which confirms the upward momentum top continue
After the trendline got hit and 2 strong bullish appeared instantly to close within the 50% and 38% levels, It confirmed a strong BUY for me per my system as i'm LONG till we reach the next zone as my target. Setting my STOP just below the 50% Fib level because if the trendline break downward and reaches that point, it invalidate the setup
After testing a very strong weekly level in the wake of its 2019 bullish move, a short term retracement seems to have been completed and i expect the BULLS back to drive the price up again to test that rejected weekly level again. If this weekly level get rejected again and hold for the second time then i expect a much deeper dive down to about 38% to 50%...
Its a perfect ENTRY at this point that price has been rejected by a 4hr holding SUPPORT and climbing past the ascending TRIANGLE as well. With my strategy of combining FIb and Trendline, this is a perfect and high probable BUY zone because of a double confirmation of having a double bullish 4hr candles close inside the 50% Fib zone and also above the trendlone...
After the crazy movment in the last few weeks i think LTC is finally driving in a normal price behavior..I'm very bullish in the long term but i think in the short term heading to the next few days to week we might see a downward BREAKOUT from the current wedge its holding. The rising wedge looks coiled up to break downward but i'd prefer to wait and look for that...
I see XLM few steps away from hitting its bottom as most of the big coins are also but i dont expect any of them to hit the bottom just yet because of how BTC controls the destiny of the market. For now i see XLM making some upside recovery targeting two areas which i think it should hit at least one of them for the mean time. There is a possibility that it might...
I posted this trader a week ago with a perfectly positioned WOLFE PATTERN WAVE set up which i really believe in and its still in play because the first tale profit has already been hit and we are holding till TP2...The first TP came down over 100pips and we are looking at an additional 70pips+ for the TP2...We should be in over 200pips by early next week before...
Personally i think BTG is almost getting ready to it bottom..Its been coiling up nicely in the wedge for a long time and i think its now time to embark on a last push to the downside to confirm the bottom...The bottom price range is within the $7 level and once we get there i dont expect any further movement downside no matter what BTC does. I still think we wont...
I'm neutral here regarding the direction of a possible breakout from ETH.. Its been playing nicely in a falling wedge for sometime now and i think its coiling up for a huge breakout in either direction of the trend though the overall trend is to the downside. The charge up momentum looks pretty strong that any direction it would possibly break to would be so...
Ripple is just a few steps away from reaching our $0.28 support area and with the entire market being in RED, i expect it to come down further to complete the pattern to hit the support before any possible bounce..Once the triangle is complete with few movement downside, there is a high probability of an immediate bounce on that region. But for now you need to...
Its currently very close to touching the support trendline so I'm patiently waiting for the touch and if it holds with a bullish candle confirmation, a bounce would be in place all the way to the nearest resistance...