USDNOK Reacted very nicely from our previous monthly support area and came back to retest the area again. Price structure remains bearish on the lower timeframes however on the bigger timeframes such as the weekly and monthly price remains above bullish structure. If price manages to hold current structural area or near the area, we can expect a good long swing...
NZDJPY Has or is about to complete upon daily candle closure an ABC wave. Next leg should push price to complete the D point in order to complete the AB=CD structure. Targets are around the 1.414 of the Fibonacci extension, as it should be an equal move of the ab wave.
USDMXN completed a deep reversal completing a bullish bat pattern on the 4 hour timeframe. Not only that, but reacted very nicely to an area of daily demand. Long opportunities could be possibly taken from this area as long as price holds above the demand area and starts shifting structure to the bullish side. Possible profit targets are marked in the chart.
Don’t miss out on this possible amazing buy opportunity. Bitcoin cash, as well as other cryptos have been ona bullish run for the past weeks. Bitcoin Cash recently faced a temporary resistance that made price to complete a small bearish ab=cd pattern which turned to be a retracement on the daily/weekly timeframe. Yesterday, the price managed to find support at a...
NZDJPY is currently being rejected at our area of interest and a possible reversal could occur in this area or in the area marked above. After a couple more rejections a short trade could be taken with proper risk management.
USDMXN, after being stuck in a range finally broke to the upside demonstrating some bullish structure and momentum. An opportunity could be taken in the marked area or near it as long price "rejects, establish clear support" and respects the previous resistance as a support this time.
We all know that the CHF and JPY are risk off currencies, and because they are both strong right now, that is the reason as to why the CHFJPY pair has been in a consolidation range for the past couple days. Although this range could break to either side, my bias is to the upside as the overall long term structure still remain bullish. However, there are no good...
AMP, a cryptocurrency that still remain very undervalued in my opinion, has been creating a lot of support at the .06 area. This crypto must not be traded since it has currently very low volume and not much market structure data, however, for those that do like to do long term investments especially in cryptocurrencies, price is in a great area for buy...
Similar to what Dogecoin is doing, LTC should continue its uptrend to the upside however it has been losing a lot of momentum. Price may bounce from current area (which is not a good area to open a position) or could retrace to the marked area in order to conduct another impulse to the upside, however, as I explained with doge, this could be a risky entry because...
BTC Remains its uptrend price action and although it has been facing a strong resistance in the 50k area, the overall bullish structure has not been broken. It is important to understand that we may be looking at the last impulse stages before a possible major correction occurs, however until price does not break bullish structure, short positions are a no go....
BNB has been showing a lot of good strong momentum to the upside and now is currently retracing. Price should continue its move to the upside especially when taking note of the strong impulses and momentum it has been doing. In my opinion, price will most likely reach the first area marked, reject, and move from there again for another impulse, however it is...
DOGEUSD should continue the move to the upside after clearly establishing support in the marked area, however, when compared to other cryptos, DOGE has been losing a lot of momentum and has been struggling to continue the upside impulse in a strong manner. Overall, the continue to the upside may continue but it is important to take note of the loss of momentum....
XRP did a major correction to the downside and bounced nicely from an area of support that it created. As of now, it is doing a retest on the previous resistance now turning it into support, if price manages to stay above any of the areas marked then price should continue the move to the upside. As of right now, price is reacting to the area in where is currently...
As long as XLM holds current area or the area marked below and keep establishing support, price should continue its uptrend. As of right now price is rejecting current area of previous resistance now support so an opportunity could be presented soon. However it is important to look at what the bigger cryptos are doing such as Bitcoin, which could affect the move of XLM.
If you follow my previous analysis that I did for ETH a couple weeks ago I explained and marked the area in where there was going to be the possibility for a reversal because of profit taking. I closed my longs positions around that area after I saw that price was starting to create a distribution schematic. Now, with that being said, it never provided a reason to...
Yesterday we noticed that prices were struggling to break minor 4h structure and the possibility of a daily retracement was very likely to occur. However, as seen today, prices are really managing to break out of that structure although still fighting it still. Since the bullish momentum is coming again, a good break of the minor structure area could make DASHUSD...
XRP USD when compared to the other cryptos, is struggling to move forward. A daily closure below the selected area could start weakening prices and make XRP push lower. If you have long positions, protect them well in case price manages to get out of that zone. If not, then look for shorts or wait for the retracement to be completed.
When compared to other cryptos, DASHUSD has been struggling to move forward, similar to what XRP is doing. A daily closure below the marked area could make price to start pushing lower. Keep an eye on price action and wait for daily candle closure.