All 👀 on ETHUSDT now
We may possibly see a huge upside potential for this coin. As a reminder - double bottom pattern on ETH never disappoints once it is confirmed, especially in the major timeframe!
We experienced a massive sell off these past few days which contribute to the dump in BTC. BTC is currently trading just above it's support. Should we take long position?
I prefer to wait on the black box to enter new spot position since there is no reason for us, retail trader to keep buying while the big money is on the sideline :)
Good Day Traders! We are going to enter our long position right now since the breakout looks clear after the retest
Reminder: This might not be a good time to buy on breakout since we are nearing a long holiday, hence this trade is a risky one
Good Day Traders! Today we will take a closer look on XRPUSDT as it shows significant strength for these past 2-3 days.
XRPUSDT managed to broke out the bearish trendline formed on the previous market crash. The volume and price action looks solid and ready to push price further up. On another point of view, we can see that it also managed to broke the ascending...
Good Day Traders! SLP just broke out the falling pattern a few candles ago and the price action is quite interesting. As you can see it still can't bypass the nearest resistance and forming a huge rejection candle after it kisses the resistance cluster. I will prefer to wait for more reversal confirmation prior to taking any positioning.
Just a warning not to be...
Clear breakdown from the rising wedge pattern with huge downside potential. Bearish structure is further confirmed by the head & shoulder pattern after rejection from the purple line.
Price action looks good
Retest looks good
Short Targets
113.35
113
112.50
SL 114.50
Forming a bearish / descending triangle pattern with the tendency to close out the $42000 shadow.
Support area (green) must not be compromised since a breakdown from that point will push the market further down.
Good Day Traders!
Here is my take on OANDA:XAUUSD
Price action did reject from the major trendline formed on August 2020 but in no way it is bearish. The rejection indicates the relevance of the trendline, hence it must not be ignored.
As we can see there was an accumulation phase inside the green base and break out happened shortly after. The rejection from...
Good day traders !
After experiencing bearish trend for more than 6 months, we can finally see a reversal chance for this pair! EURUSD has formed a base just on top of its strong support which indicates the reset of the previous trend. Pay close attention on how price action reacts in the base area and prepare for more volatility in the following month.
If...
People been talking about how ETH is one of the best, if not the best performing coin in the month of December . Well lets take a look😄
Clearly, the trend is moving downward/bearish as seen on the Lower High structure formed inside the bearish descending triangle and downtrend channel. We can see that ETH is closely related to BTC in terms of price action and...
