Market has reached a major structure high and I'll be expecting price to short towards 124.800. This resistance zone has been respected since 12/01/22. Also, Stoch is overbought in 30min & 1hr.
In the 4hr chart price has broken the ascending support trend line that has been respected since December 2021. I'll be expecting price to short towards 1.68400.
I noticed that there is an average of a 368 point difference between the past 3 market structure high (MSH) in the daily chart. This average is confirmed by the major descending trendline which brings us to the next possible entry that has been respected since Sept 2021, rejecting price 3 times. Also, the Stoch shows overbought and crosses.
Price has respected a major resistance zone rejecting from 2.04700 whilst Stoch was overbought and crossing. Price will be heading down towards a major support trend line that has been respected since December 2018! Price has been rejected from this ascending trend line 4 times.
I'll be expecting price to long towards 0.73055 (previous major swing high) after breaking middle resistance zone and shows bullish momentum.
Price has reached a significant support zone which has been respected since 2016 and rejects from this zone 6 times in the daily chart . The Stoch shows oversold in the 1hr, 4hr and daily chart . I'll be waiting form the main & signal line in the Stoch to cross whilst oversold and price is at the key area to place a buy. My prediction is that price is going to...
Price has reached a major swing high level and Stoch displays an overbought cross which has me predict that price is going to short towards 1879.550.
6 rejections and 1 false breakout from the ascending trend line on the daily chart. The trend line was respected since March 2020. Price rejected of from the resistance horizontal zone twice, turned into a support zone and price rejected that twice in the 4hr chart. I'll be expecting price to long towards 0.72900.
Massive support has been reached and respected since December 2019 and looks like a double bottom will be formed. Stoch is showing oversold on the 4hr chart. I will expect price to move towards 0.84141 to previous resistant pivot level.
If the Stoch shows oversold when price reaches the middle support line I'll be looking to buy. Reason being, that support line rejected price twice, turned into a resistance zone and then rejected that twice too. Price has also respected the ascending trend line 4 times which started 24/01/22. Following history, I'll be looking to long this pair once it shows...
After the rejection of the 8 month strong resistance trend line for the third time, I'd be expecting price to short towards 128.000. The Stoch has crossed whilst overbought on both the 4hr and daily chart.
I expect price to fall towards the previous swing low as it has been respected several times since December 2021. My second reason is because price has broken out of the ascending trend line which has also shown strength since December 2021. After seeing that there has been a clear break to the low side, I won't be surprised if price heads up for a retest before...
After clearly placing the support and resistance zones, I can see that price has moved into a second ascending parallel channel. First support zone has been respected since May 2017. Middle support zone has been respected since Jan 2019 and both continue to be respected in the present. Since October 2021, this pair started to recreate a similar formation as March...
Strictly following chart pattern on the daily chart, I see that the middle support zone (starting in March 2021) turned into a resistance several times. I'd expect price to short to the pervious major swing low 0.91100.
I'll be expecting this pair to long towards 1.50200 as price has reached the neck of the double-bottom. In addition, the second bottom of the double-bottom is a third test of the major support level which started in Feb 2020, which rejected price all the way to 1.59963 (17,305 points).
Price has broken a strong resistance trend line that has been respected since August 2020. I would expect price to behave bullish once it first breaks the pervious major swing high, then retests the resistance line which'll turn that into the new support trend line. If this happens I'll be expecting price to long towards 1908. Personally, I'm neutral at this...
Price has rejected for the third time on a resistance line which started August 2021. Stoch is about to cross on 4hr and 1hr chart whilst both being overbought. I'll be expecting price to short towards the support trendline which started Jan 2021.
I'll be expecting price to short towards 153.100. Reason being, price is currently at strong resistance line starting October 2021 and Stoch is currently overbought and crosses.