As we spoke about a downtrend before, now an uptrend can happen if the high 1 breaks. However with using time analysis a rectangular zone as appear in chart can be end of wave 2. So, if this condition happen, a good bullish trend will happen
As it is seen, wave number 5 of three different time zones (1-Hour, 4-Hour, and Daily) meet in a similar zone! It means that a big short position will happen soon in this time. If it happens, I will post my idea about target point in the feature. #XAUUSD FOREXCOM:XAUUSD
short term view. target poin1 is ready. It seems that we have a time for price to go up till 36k approximately.
Hi my friends. As I studied different Cryptos, I figure it out that something is different for BNB ! The diversion is completely obvious in its chart. Two different things will happen. First, BNB will have a great pivot and highest high, next suggestion is many red candles in 4H trading after each other and we will see lowest low. Let's see what's going to happen.
Always be aware of trend. Trends don't lie! Do you think in that week the price has its lowest price or it would be beginning of a bull run?!
Starting Wave. Just wait for a correct moment to start to be in benefit. Just be careful
If price breaks Parallel Channel uptrend, it will continue uptrend and bullish. Otherwise, it keeps going through the channel as an elder bear strongly! ------------------- Different indicators and oscillators which are used in this analysis : Price action - Volume - Ichimoku - Moving average Lines MA - Moving average Channels MAC - Volume Profile - On Balance...
An important moment. If it breaks channel, it could be bearish. Two target points can be considered. TP1 =~ 31K and Tp2 =~29K --------------- Different indicators and oscillators which are used in this analysis : Price action - Volume - Ichimoku - Moving average Lines MA - Moving average Channels MAC - Volume Profile - On Balance Volume- RSI - MACD and Fibonacci
Price goes down as the channel shows us. If price breaks it up, it could be sinusoidal and natural.
If we pay attention to the chart in 1h scale, we see an important zone which shows two important lines. The static resistance line in price ~39K plays a great role which as it seems price many times shows us reaction. Another line is downside of uptrend channel that price may arrive there soon. If price breaks static resistance up strongly it could be a bull...
It's noticeable that the big problem of dump in 18 Apr was the divergence in price and RSI. Second problem was the on-balance volume. If we watch BTC in daily mode it's obvious that both of these problems still exist. OBV shows us that the average volume in daily mode deceases. It's a big moment for BTC in 40600 and I think it's bearish.