Question: Why? Answer: Because of the triangle, because of the triangle tip. The triangle is a pattern where the price could make pretty big moves after the breakout. If the price approaching the triangle tip, then the price is smashed together and it will be ready to explode. Currently, XVG is ready to make a move AFTER You have seen a candle close above the...
My last BTC analysis was pretty great, we found a bounce from $3,390 and we almost have touched the first target which was the $3,500. Currently, I can say that the BTC price probably goes higher from here (at $3,400) and it will achieve the first target $3,500. Altcoins are on the good shape and they react nicely with this BTC current small movement upwards. ...
Hey! Currently, GBPUSD offers us a good sell opportunity after the strong candle breaks below the clean upwards trendline with nice volume inside of it. So, ideally would be a perfect scenario - sell after it has made a retest. Currently, the price may retest it nicely on the NFP time but watch it closely, if it makes a strong rally above of it then it would...
Hey! After a fake-out below the Falling Wedge trendlines, the price has made a decent climb upwards. It touched exactly 27. January low point and made a little throwback from there. The current throwback (movement downwards) guides us to the $3,400, which also matches with a trendline. This trendline has to work as a support level and we might even see a little...
Hey! Despite CHF "crash", NZDCHF offers us a trade opportunity - SELL trade criteria: - Two trendlines should act as a resistance. The fat black line is more important than the tiny one above of it. - The orange line should act as a resistance level - The round number just above those levels 0.69000, which also should act as a resistance and it also should work...
Hey! Sell criteria (sell on light blue box): - Round number (let's say a semi-round number) 0.95500 should act as a resistance - Decent resistance area - Down trendline act as a resistance - Channel upper trendline works as a resistance - Equal ABC waves from the recent bottom (fake out from the channel) Use tight stops because on the night we got news impact...
Hey! CADJPY could make bounce upwards to the next resistance. - We have a breakout from the bullish chart pattern called Inverted Head and Shoulders - The price is above the 100 and 200 EMA - The bottom has an RSI Divergence. Please, do not forget to support my idea post by hitting the "LIKE button! Thank You very much! Cheers! *This information is not a...
Hey! Not the best possibility but some important trendlines and other price action criteria matching each other in one area. So, a bit risky but still forth to take an action! Please, do not forget to support my idea post by hitting the "LIKE button! Thank You very much! Cheers! *This information is not a recommendation to buy or sell. It is to be used for...
Hey-hey! As I mentioned on my previous post: "Bearish confirmation: Here is enough if we get a 1H candle close below $3,500" , it was enough and now the price has touched the first bearish target area which was $3,350. I made a bit longer pause between my BTC analysis because there was not much to say and not much where to start to make a technical analysis....
Hey-hey! After my last idea Double Bottom formation, the buyers didn't get the momentum and the power what is needed to push the price upwards. Contrary to that, the price found resistance from the strong area at $3,75-$3,590 (marked as a light-blue long box). After that, the price tried one more time to break through from the strong resistance but now there were...
Hey! A possible Sell setup criteria: 1. The recent trend is down 2. The Trend is your friend 3. Breakout from the Ascending Triangle and now the price makes a retest the breakout area which should work as a resistance - Ascending is usually a bullish pattern and a breakout from upwards are more supported with this pattern than downwards but still, this is a...
Hello! AUDCAD offers as two types of trading opportunities. 1. The first one is almost right away, without any confirmations but with better risk/reward ratio: - We have a break below the counter trendline (bulled from the bodies, because of the large wick from the 3. January, to remove the market noise) and now we retest it which should work as a...
Hi! I would like to take a risk on the highly manipulated area and I say: "Buy low, sell high" ;) Here comes a picture rally but hopefully You find something educational, take this post as an educational post! A possible BUY opportunity and step-by-step trade logbook/criteria: 1. Double Bottom on the $3,500 2. RSI Divergence between two lows on $3,500...
Hey followers and other TradingView users! Prepare to sell CADCHF on the light-blue area, the criteria: 1. The trend is your friend and You have to search sell opportunities because the latest trend is downwards. 2. The round number should act as resistance at 0.75000 3. Perfect Fibonacci retracement level 62% 4. Weekly trendline retest area after the confirmed...
Hey-Hey! After the fake move below the semi-round number $3,500 we got a bullish momentum and got a good rejection from lower levels. The rejection came from the Bear Flag bottom trendline and from the round number which both act as supports, plus they both should work as a strong confirmation levels when the price gets a close below of them - very important...
Hey-hey! GBPNZD made a breakout from the bullish pattern called Inverted Head and Shoulders pattern. The breakout got confirmed after the 'huge 'bullish 4H candle close above the neckline and above the previous high candle close on 17. January. You can wait for a small throwback to get a better price entry. The targets are those light-blue lines! Please, do not...
Hey-Hey! The area between the $3,500 and $3,700 looks like almost the same as it was the area between $6,000-$6,500, a lot of fake movements up/down and Bart moves here and there. As it was then and as it is now, my recommendation is still - stay away from the market(!) but still, let's try guessing some possible moves and some possible movement confirmations...
Hey-Hey! On the BTC chart have an Inverted Head and shoulders and so as Cardano but there is a difference: ADA has made a breakout from the neckline and it has a free road to go to the next round number $0.05 which is around 10% profit opportunity! Watch if the BTC makes a breakout from the IHS neckline then this ADA target would be easily doable. Please, do...