Based on my analysis , there's another buy opportunity. Which is where price formed a double bottom near s/r zone. My TP is around 110. If you agree with my analysis please like or comment your input.
Based on my technical analysis I see oil being bearish for the month of May. It failed to break a strong s/r area. As well as its currently looking as if its going to form a double top bearish reversal pattern. On the 4hr a bullish trendline was broken. 58 is a take profit. If you agree with my analysis please like or comment your input.
The ending of January we see that price broke hit a demand zone and broke through the bearish trendline. Which confirmed it was a reversal to the bullish side. Ending of March is where price started to pullback. It is now the ending of April and price has retraced off 38.2 fib level. Based on my analysis the month of May will be continuing the overall bullish...
Based on my analysis price has reached a strong support level ( 124400 ) and currently bullish for a nice pullback. If price breaks through the bearish trendline and the s/r zone that'll that be confirmation on either a deep pullback or a full trend reversal. Overall price has been in a bearish direction since mid march of 2020. If you agree with my analysis...
Nzdcad looks like its repeating basically the same move it made in 2019. Price has reached a strong support / supply area .. which happens to also be 38.2 fib level coming from the weekly chart. I think Nzdcad will break through the bullish daily trendline which will confirm a longterm bearish move. If you agree with my analysis please like or comment your thoughts.
Hello everyone, Thursday price hit 25 then continued in a bullish direction. Friday we can see that it retraced off 38.2 fib level, and ended the week on a bullish candle. Take profit 27.1000 QP which is also 100% fib extension. 27.5000 will also be another take profit area. Confirmation is key. Confirmation equals confidence My confirmations for the buy...
Since Jan 14th XOM has been in a bearish direction. It closed at 47.44 which is also near 61.8% fib level. My idea is that it'll drop to 44.00. 44.00 being marked out from my fib extension tool as well as where my support zone is at. After it hits that price then it can make its way back into a bullish direction for the longterm. If you agree with my analysis...
On the daily chart a head and shoulders reversal pattern was formed. Turning EU bearish. Using fibs on the daily chart price looks like it can reach 50% fib level. If it breaks through that support area then we can predict it reaching 61.8% next.
Based off technicals $NOK can rise to close to $12. It'll pull back to fib level 61.8 and using fib ext is why I predict price to reach $12. Only posting this idea to look back at.
A double top ( looks like the letter M ) and currently been in a downtrend. Based of my technical analysis price is only in a downtrend to retrace. Using my fibs tool GU can hit 61.8 then continue back in its bullish direction. Look for reversal chart patterns once price starts reaching 61.8 fib level, which is around 1.35600 price area. if you agree with my...
On January 6 EU reached a resistance level , failed to break through it and then formed a double top reversal pattern ( looks like the letter M ) after that it took off in a bearish direction from that week carrying on into the week that just recently passed. Overall EU has been bullish and on the 4hr chart price looks like it will possibly retrace from fib level...
January 13th 2018 was when ETH reached it highest price, which is 1400. Before 1400 it had first reached where my pink line is at ( resistance zone ) around the first week of January 2018. Now three years later ( 2021 ) price is basically repeating the same exact move it did in 2018. It has hit resistance and currently moving in a bearish direction. Based on...
Based on my technical analysis, oil looks like it will be turning to the bearish side. Price failed to break the key resistance area. There was also a fake breakout made. It can be bearish just for a pullback/ retracement. Price may reached 49.25 for the take profit area which is between the fib levels 32.8% and 50.0%. If you agree with my analysis please like or...
Based on my technical analysis the DAILY chart shows how G30 has been in a recent overall bullish move since March 2020. Around the end of October price dropped and hit s/r area as well as 38.2 fib level for the retracement. It is currently above 13000 price and we will wait to see if it breaks the resistance zone which is 13800 price area. Measuring with the fib...
Based on my technical analysis XRP looks like it will be moving in a bullish direction. On Thursday it formed a double bottom reversal pattern then broke through bearish trendline. As of right now its bouncing off 61.8 fib level area ( also a s/r zone ) Im looking for it to break through the bearish trendline that was formed after it dropped down to retrace. TP...
Based on my technical analysis, UJ looks like it will continue back in a bearish direction. Using my Fibonacci tool price has been bouncing off 61.8 fib level (also happens to be a QP area 103.675). Which lets us know that the bullish move made last week was only part of a retrace. For our take profit it will possibly be bearish all the way until it hits 127% fib...
Price is currently in a bearish direction. Last week it had finally broke out of consolidation and also broke through the trendline on the higher timeframes which were daily and weekly .. Based off my analysis price will continue bearish until it reaches 38.50 then retrace turning to a bullish direction until it hits 38.2 fib level which is also near s/r zone....
Weekly Chart - Price Made Triple Top Reversal Pattern At A Supply Zone / Failing To Break .. Using Fibonacci That Pattern Was Also Made Near 61.8% Retrace Level. Overall This Pair Has Been In A Bearish Market Since 2014 .. Fast Forward To 2020 Price Was Bullish But Based On My Analysis Price Will Reverse Back Into Bearish Direction. 4hr Chart - Price Retraced To...