SharkTrader1990

SharkTrader1990

EJ continues to make higher lows. Also broken through the 200 on the Daily. We see this resistance level being tested. Waiting for it to be tested again and we can see if bulls have full control or not. As always traders, lets have a good trading week and trade safe. #BullishLifestyle

SharkTrader1990

As we observe the weekly chart I see an almost complete head & shoulders. Also it has broken through the 200 ema and bears are definetly running the trend

SharkTrader1990

As we observe Uj on the daily it seems like its on this up trend. On the 4h it retested the 110.8 support level and didn't break so we might see this go to the upside. It would be a better confirmation to the upside if the daily candle ends with a bullish hammer.

SharkTrader1990

As we observe the 4h time frame for UJ, the bulls have been slowly climbing back up along with the pullbacks. Will this be the bounce or break for UJ on the 109.900 level. Sentimental perspective the escalating trade war may bring the bulls in power for the dollar so this might bring UJ back up and test the 110.600 resistance level that we have tried to break...

SharkTrader1990 Updated 

As we observe Uj on the daily with the 9 pushing it down. This might be the reversal to the downside. As we zoom out to the Weekly it shows with the bear cloud as well. Taking this all the way down to the 108 support level.

SharkTrader1990

As we observe AJ on the daily we notice it seems to be forming some sort of funnel or flag. This might be a continuation to the downside if it breaks the weekly support as we see it has tested it for the past couple weeks.

SharkTrader1990

As UJ is testing the 111 resistance area. It seems like it can't break it. Overview of the monthly with the kumo twist shown. I'm waiting for it patiently how it reacts to the cloud and my predictions it'll spit it back down to the 100 support level. IF, IF it breaks that support level then the bears will just be in complete domination once its out of that...

SharkTrader1990

As UJ broke out of the resistance zone of 109.800, it has made a small bullish gain to the 110.350 resistance area as you see on the daily. As the day is coming to an end we can see the candle is becoming into a bear hammer which shows the buyers are still showing some strength to keep going up. As we zoom out to the weekly it does show the 100 EMA, where it sits...

SharkTrader1990

Patience is key as how we can all be successful at this field. UJ is currently sitting in a big consolidation between the 109.00 and 109.900 range. I'm waiting for a break on this to range to make a position. DAILY on the ichi, the 9 and 26 are both flat so not really ideal to make a trade right now. Especially how its right below the 200 as well and sitting on...

SharkTrader1990 Updated 

As with the dollar strengthen and Yen weakens, its obvious that the bulls are back. But for how long? I've been trained to use the ichi and grew very custom to it. I do use the basic support and resistance as a reference to retrace my trades or to see where the price will consolidate or you can say to its next stop. As we see that it retraced today in the 108.600...

SharkTrader1990

As we approach the 600 range we come across the HUGE BEAR cloud! Along with the 200 EMA just right below the cloud. Remember larger time frames control the trend. So for now, ETH Bears are running the show. Unless a sumo twist presents itself in the near future. For now bears are terrorizing the crypto markets. Remember traders, trade on your own risk and lets...

SharkTrader1990 Updated 

I see some sort of funnel forming along the funnel is the 200 EMA letting the trend bounce back and forth or it goes through. If it breaks out that funnel it can keep going up and slow down once it hits a previous resistance. Let me know what you guys think?!?! Would appreciate the feedback as I'm fairly new to trading and only been doing this for a month now

SharkTrader1990

I think with the ichimoku indicator the 9 and 26 are forming to go back up on the daily. I'm waiting for the pullback all the way down to the previous support level down in the 430 area. Another scenario it consolidates around that area again. Yet, with these positive news about crypto being invested by the big boys, I don't see it going down anymore. This might...