Bitcoin doesn't seem to have found bottom or support yet, the possible breakout off this indicated symmetrical triangle on the 4H and Daily chart is the pattern to work with for the next direction on Bitcoin, with price finding resistance twice at 40k$ over the last 2weeks, a break below the symmetric triangle will send price lower to 28k$, the next level...
The possible breakout off this indicated symmetrical triangle on Bitcoin is the pattern to work with for the next direction on Bitcoin , with price finding resistance twice at 40k$ for 2 weeks now, a break below the triangle will send price lower to 28k$, the next level horizontal support, while a push below 28k$ will send price lower to 20k$ price tag, the all...
Price action on Bitcoin is looking bearish in the short-term with price trading below the outlined double diagonal UPTRENDLINE extending from December low. Last week, we saw price takeout the lower diagonal ray, backtest held sending the price lower, price action is pointing towards 41,200$ zone which is a level of resistance we are yet to see any backtest of...
EURUSD: Price seems to have resume back to it long term UPTREND from last year, after reversing from January 2021 high, we saw price put in a few lower highs in the last 4 month following a perfect downtrend line, now price is back above this shortterm downtrend line. On 28th of April, we saw the first daily close above this shortterm downtrend line, though we...
EURJPY, price is above the multi-year WEDGE PATTERN, trading within a range between 128.30 as support and 130.70 as resistance, price have been trading in this range since Feburary, which is really constructive consolidation at the verge of breaking above the multi year WEDGE PATTERN. The price action is looking contsructively bullish, on the 4H chart we've...
EURJPY has been in an UPTREND since May 2020, with several constructive consolidations, breakout following through for trend continuation. It worth acknowledging the MULTIYEAR WEDGE pattern on weekly and monthly timeframe, this multi_year pattern joins highs from 2008 through 2014, lows from 2012 through 2020 May low. Price is again approaching the resistance...
The UPTREND on Ethereum is intact, February 2021, we saw price get back to the all-time high from 2018 @ 1420 zone, price break above this zone with retest holding, since this retest we've had price trading inside this perfect WEDGE PATTERN on the daily timeframe, having this WEDGE PATTERN on the daily chart is a measurable objective that a big rally will follow...
Bitcoin Bulls are doing the Lord's work, i think April is going to be another big rally month for Bitcoin, price just broke above this perfect bull flag on 4H chart. A monthly close above the flag will be another added advantage, definitely set price higher to 80k$ and beyond as 20k$ rally to the upside is the measure objective of the pole before the flag.
GBPUSD: The UPTREND on the pair is very intact, so buying with the TREND will be the thing as a TREND following trader. We saw throughout January 2021 how the price was pressuring the resistance ray of the ASCENDING WEDGE PATTERN extending from support ray extending from March 2020 Coronavirus Low, before we finally saw the breakout above the resistance ray in...
GBPUSD: The UPTREND on the pair is very intact, so buying with the TREND will be the thing as a TREND following trader. We saw throughout January 2021 how the price was pressuring the resistance ray of the ASCENDING WEDGE PATTERN extending from support ray extending from March 2020 Coronavirus Low, before we finally saw the breakout above the resistance ray in...
EURJPY: I've been talking about this MULTI-YEAR WEDGE PATTERN on EURJPY, last week we saw price break above with a weekly close above the Multi-Year PATTERN at the 3rd touch of the resistance ray, this is really going to be a big one if it's not a false break, maybe it's trading wise to expect the kind of rally we saw on GBPJPY since the break above the Multi-Year...
NZDCAD: Price is back at the UPTREND LINE zone as a result of the rejection we saw when price get in contact with the 2018 resistance zones @ 0.9300 in Febuary. Today, Price is finding support at the TRENDLINE zone, which also align with a horizontal significant resistance zone from August 2020 turn support in December 2020. It will be worth to see how the day...
NZDJPY: Price is still in it UPTREND extending from March 2020 Coronavirus low, price has been trending up, taking out resistances and respecting structures moving forward, until last month when price eventually get to the 2018 resistance zone @ 79.10, where we saw sharp rejection which formed a Weekly PINBAR in the last week of the month of Febuary. After the...
AUDUSD: Lastweek Tuesday i published an extensive technical analysis on the BEARISH price action outlook on the pair, I analysed how price was presurrising the outlined 1year UPTRENDLINE from March 2020 Coronavirus Low, i also made mentioned of the edge we've that can bring about a break below the TRENDLINE, which is what we saw happened on Thursday 4th March. By...
GBPJPY: We did saw a strong rally with over 700pips move to the UPISDE since the break out in January above the 5years descending triangle which I was talking about October through December 2020, i believe this rally is healthy and worthy it considering the years it took before we had a break out. Price is now back at the horizontal resistance level from 2018 @...
EURUSD: Price is kind of starting to make successive lower highs seeing rejection from 1.2350, with a break below the BEARISH FLAG on the 4H & Daily chart last week sending price lower, back inside the range bond zone between 1.2000 resistance zone and 1.6000 support zone. Recall the first week of February we saw price drenched into the range bond below 1.2000...
AUDUSD: Price is looking like about to break below this UPTREND LINE extending from March 2020 (Coronavirus Low), we've seen price retesting this zone over time, this is the fourth retest, it worth to know that it has been taking less and less time to get each retest, the first touch was in March 2020, with the next retest in October 2020, the next touch or retest...
USDJPY: Price is still trading inside the WEDGE PATTERN which is clear on the weekly chart, we saw price reversed to the level of resistance from October 2020 @ 106.10 zone , which aligns with the resistance ray of the BEARISH FLAG on the daily and 4H chart and rejected sharply on Wednesday through Friday. Going into the new week a break below the BEARISH FLAG ...