This commodity has broken out of the upper trendline of the pennant pattern. Could this be an indication of a bullish moment or a false breakout? Let us wait and see if it will retest the resistance zone at 2410 and proceed with having an entry position.
Now that the price is retesting the 1.8 - 1.802 resistance zone, it might be converted to a support zone. Entry position at 1.8085, target at 1.8325 and SL at 1.8
Based on the previous analysis I had done, I anticipated that the price might break the upper trendline and retest the zone. My entry position is at 1.372, target is 1.379 and SL at 1.3685
I think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe). I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
Earlier on, I had anticipated that this crypto coin will rebound, then proceed with bullish momentum. It was still unclear how we were to achieve an entry position, which becomes clear by the day. As for now, we can see that there is falling flag pattern formation, which IMO gives a bullish momentum confirmation. Let us see how it will complete this pattern...
This commodity has been forming a very interesting pattern since its massive bearish run last week. It has been forming a pennant, which IMO might be building up bearish momentum. Let us wait and see if the price will breakout of the trendlines to have a clear entry position.
Based on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin has now broken the upper trendline, which I assume will be converted to a support zone, if the price retests that zone. Let us wait and see so that we can confirm our position.
This crypto coin has been forming a bearish flag since it hit its ATH.
Following the breakout at the 0.5 fib level, as analysed in the previous post, it retested and the bullish momentum continued. My entry point is at 171.9, target is at 174.4 and SL at 171.1 My R:R target is 1:3
This crypto coin has been forming a bullish pennant pattern, ever since it reached $200 in April (1D Timeframe). There will be a follow up analysis using a shorter timeframe so that we can see where the entry position will be.
This price has now touched the top trend line. Let us wait for the price to retest the zone, either break it or rebound so that we can enter our trade.
As analysed in the previous post, my stance is the price will continue in the bullish momentum following the formation of a bullish pennant. I am waiting for the price to break out of this pattern so that we can have a clear entry position.
This price has been on its bearish momentum since it hit its ATH at 175. Considering that I use chart patterns to trade, I will use a fibo chart to analyse the events going on in there, since the movement has been too volatile and the trends are too steep to make any chart pattern. Let us wait for the price to hit the 0.5 fibo area, and we can make an entry...
This pair has been forming a bearish flag pattern for weeks, and it seems it is about to complete that pattern by retesting the resistance trend line. A follow up using shorter time frames will follow so that we can position ourselves for the entry point.
This pair has been forming an interesting pattern of late, a bullish pennant IMO. According to the higher timeframes, I anticipate that it will continue. Let us switch over to shorter timeframes in the analysis that will follow.
As indicated in the earlier analysis, I anticipate that the price will continue with the bullish trend, despite it forming a doji candle as of today. My target is at 1.804, where my entry point is 1.785 and Stop Loss at 1.775
This index has tested and broken above the resistance zone at 39950. If the trend retests this zone, and there are bullish engulfing candles at the zone, then the momentum will continue. My buying entry point is at 40200, with SL at 39700 and TP at 41700, with a R:R target of 1 : 3
Entry Point at 1.36, TP at 1.35 Note that this is based on the higher time frames