JayanVarsani

JayanVarsani

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JayanVarsani

Monumental Decision Zone To Soon Decide The Fate Of Bitcoin's Future A: Fill $11,700 gap then reverse at the $9800 gap B: Fill $11,700 gap then break the $9800 gap for a deep correction C: Fill $11,700 gap then break the $9800 gap and fill the $3600 gap for unimaginable correction and delayed bear market (Unlikely but probable) VERDICT: These 3...

JayanVarsani

Bitcoin Is Showing Many Similarities Compared To Behaviour In Late 2018: Price consolidation for over 70 Days RSI consolidation for over 70 Days Weak/Low volume pump up for a few days Followed by a deep crash by over 50% Bitcoin Here In Mid-2020 Is Showing Very Similar Behaviour: Price consolidation for over 70 Days RSI consolidation for over 70 Days ...

JayanVarsani

Silver has been on a parabolic trajectory for the past several weeks to few months. Silver is definitely in a long term bullish setup however I predict a correction before this resumes. Extreme RSI Levels showing overbought on multiple time-frames Bearish RSI Divergence on the hourly timeframes (1H/2H/3H/4H) Bearish Ascending wedge break-out and retest ...

JayanVarsani

VERDICT: Observing EUR/USD's interaction with the down-trend line. I expect an initial rejection but will await the possibility of a break-through.

JayanVarsani Updated 

BTC/USD Remains at incredibly large overhead resistance. There is far too much resistance on the upside than there is to the downside. The path of least resistance is clearly to the downside of a possible tenant formation. More space and empty zones waiting to be occupied and traded in before a long-term bullish progression. Historic near 0 volatility levels have...

JayanVarsani Updated 

EUR/USD has consolodated for the past few weeks and has recently pushed higher. Indicators suggest a reversal from here. Daily Bearish RSI Divergence Trend Line Rejection Daily Stochastic Overbought Potential 200WMA Rejection (Weekly Candle) @ {1.1331} VERDICT: Due to the reasons above, I forecast EUR/USD to fall in the short/mid term and will look to...

JayanVarsani

Historic Strong $1800 Resistance + Ascending Wedge Formation. Bearish Price Forecast Expected.

JayanVarsani Updated 

VERDICT: Local top reached in the descending channel. Local reversal expected to progress towards the next support level of {1.2160}

JayanVarsani Updated 

EUR/GBP has been progressing upwards at a stable rate and good pace over the past several weeks. I expect a local top at the 61.8 Fibonacci before turning over downwards. 1H RSI Divergence Expectation VERDICT: When bearish RSI divergence is observed on the 1H-4H chart, I expect EUR/GBP to then roll-over downwards and correct reasonably.

JayanVarsani

Weekly: 4H Forecast VERDICT: Observing signs for a reversal at the massive resistance level of {1796} via 4H RSI divergence before executing a short position. Daily RSI already showing bearish divergence.

JayanVarsani

EUR/USD has failed to print a higher high after bouncing strongly off the 0.382 fibonacci support level. Thus, indicating a confirmation for a downtrend in EUR/USD. Unsuccessful bounce off the macro 0.382 fibonacci support Unable to print higher high Unable to break local 0.618 fibonacci Unable to hold local support Unable to break 200 weekly moving...

JayanVarsani Updated 

Bitcoin acting very similarly compared to previous price action. This, along with global markets being artificially pumped and over-valued suggests a crash soon.

JayanVarsani

EUR/USD looking at 3 possible routes for the mid-term. Falling wedge break-out to the upside after breaking key resistance level Falling wedge break-out to the upside after bouncing off lower support level Falling wedge invalidation and continuation to the downside to the next major support level(s) VERDICT: I believe that EUR/USD will be rejected by...

JayanVarsani Updated 

GBP/USD is bearish and will continue to be so until factors indicate otherwise. I see a short-term bounce which serve as a correction as the overall trend is negative. 2H Bearish RSI Divergence 61.8 Fibonacci Level reached Strong historic, proven support level CONSIDERATION: As linked below or via my ideas, GBP/USD may act in a way which will fulfil a...

JayanVarsani Updated 

Perhaps one more final push to lead EUR/GBP towards the 61.8 fibonacci retracement level? Price in a bullish setup with consistent resistance-support inversions Ascending channel with several confirmations 61.8 Fibonacci retracement within close reach indicating final momentum surge VERDICT: EUR/GBP in an established upward trend. Ascending channel...

JayanVarsani

GBP/USD isn't looking good as of now. The chart patterns, price action and fundamental news with regards to brexit and economic data leaves GBP/USD in a highly bearish situation. Head & Shoulders formation indicating a very large target {1.2160} Strong trend line break indicating further weakness Weekly Stochastic to reverse indicating mid-term...

JayanVarsani

VERDICT: EUR/USD Head & shoulders formation in progress, indicating continuation downwards and further confirmation for the reversal.