Zaitermo

Zaitermo

Hello friends, XRP broke the downtrend line in the 4hr chart and will most probably retest it in the next hours. Further, we see a bullish divergence in the 4hr chart that is currently playing out. I expect the retest to hold and XRP to rally afterwards. If the retest is validated, 0.25 will next have to break to pave the way to the next resistance at 0.3 then...

Zaitermo

Hello friends, Gold could not break the upper channel resistance around $1905 and the current price action indicates a pull back to $1,820 - $1,860 support zone as identified in the chart. I expect Gold to pull back to this support zone following which it climbs again and break the channel signaling an end to the ABC correction. The fundamentals are also in the...

Zaitermo

Hello friends, it looks like XLM has formed ABC correction in bullish flag pattern as illustrated in the chart. XLM managed to close above the important support around 0.116 which was a strong resistance back in July-August 2020. I expect the price to pull back to 0.14x support zone from here as identified in the chart; if it holds, expect XLM to bounce to the...

Zaitermo Updated 

Hello friends, I continue to be bullish on Natural Gas (NG) following my previous long ideas. As expected, NG managed to break the downtrend line marked in the chart and closed above the 2.7 resistance yesterday. Any pull backs from here should be considered as buying opportunities in the immediate short term. There is literally no resistance ahead of us until the...

Zaitermo Updated 

Hello traders, XRP is currently facing selling pressure due to SEC complaint news. Well, since we do not know what the result is and anticipating this will take time to unfold, in the short term this should be considered a buying opportunity. XRP broke down the support around $0.46 and currently testing the next support at $0.33 - $0.35 zone which was the high...

Zaitermo

Hello friends, GBP/JPY has been trading in triangle since earlier this year as illustrated in the chart. We are currently at the apex of the triangle and will probably breakout before end of 2020! I believe the determining factor of the breakout will be the brexit updates and how the UK government contain the spread of the new strain of Coronavirus. Nevertheless,...

Zaitermo Updated 

Hello, if you went through my earlier ideas on Natural Gas (NG), you will get to know that I was in favor of buying this market in dips. You can see NG formed a strong support around $2.38 after which the price rallied to test $2.7 earlier this week. NG also managed to break the resistance zone around $2.60 - $2.63 along the way and we have been testing this zone...

Zaitermo Updated 

Hello traders, good things happen to those who wait right? XRP is showing signs of exhaustion and will most likely break the triangle illustrated in the 4hr chart to the downside! Nevertheless, this would be the golden opportunity to buy and accumulate XRP for the next 70%+ anticipated rally to $0.8+. I have already bought some XRP below $0.27 but will hold and...

Zaitermo

Hello traders, today I bring you the daily chart of gold and present my expectations. It looks like gold is forming ABCDE correction pattern within a descending channel. We are yet to see the the (D) and (E) moves as illustrated in the chart. I expect gold to fall anytime soon from the $1,870 - $1,900 resistance zone to complete (D) after which the price moves...

Zaitermo Updated 

Good day traders, Carnival was one of the worst performing stocks in 2020 obviously because of the pandemic and its implications on their business. The price action recently shows signs of strength with immediate resistance around $25. There are two ways to trade Carnival; 1st way is to buy after clear breakout of the resistance at $25 and closing above it on the...

Zaitermo

Hello traders, the price action of Crude Oil tells me it may be heading to test the next resistance at $50.5 - $51 which was a strong support back in 2019. This is going to be a strong resistance zone after which I expect the price to retrace back. Overall it looks like we are forming a wedge in the daily/ weekly charts. Wedges usually break to the opposite...

Zaitermo

Hello friends, Natural Gas found strong support level around $2.38 where it was tested 3 times and failed to break through! The price then broke out to test the strong resistance zone around $2.62 - $2.65. If this open in gap down on Monday, that will be a perfect buying opportunity since I anticipate the next run will target $2.94 - $2.97 area. This gives us a...

Zaitermo

Hello traders, I will start this analysis by looking into the triangle formed in weekly chart wherein currently we are standing at the bottom of the triangle. We can also see a smaller triangle formation in the daily chart. I feel the consolidation is over near the support zone and the pair is now ready to break the shorter term triangle. Ultimately even if this...

Zaitermo

Hello friend, Platinum has broken out of the H&S pattern; this reminds of the days when gold broke the H&S pattern before the wild run we saw in previous months. Based on the pattern, I would buy platinum in the support zone indicated in the cart; more of a positional trade rather than a day trade. The target for the broken H&S comes around $1,500 which means 40%+...

Zaitermo Updated 

Hello friends, BCH did not have similar run like other cryptos, though when looking in the weekly chart, I feel this is about to explode anytime soon. We broke above the long term down trend line but failed to break through the strong weekly resistance around $325. There are 2 ways to trade BCH; either buy when price falls to $230 - $270 area or buy after having...

Zaitermo

Hello friends, Dubai Financial Market has been up trending and currently testing the long term downtrend line around 2570 - 2600. This is a very critical zone since the 78.6% fib retracement lies there. Also, this was a support previously which could turn into resistance now. Lastly, RSI is indicating overbought in the daily and weekly timeframes. I would...

Zaitermo

Hello traders, for Neflix we are in range bound; better to trade once we have a breakout to the up or down. Weekly resistance lies around $560 and support lies around $460. Considering the triple top formation around $560 zone and taking into consideration the RSI negative divergence in the weekly chart, I favor breakout to the downside to the next major support...

Zaitermo Updated 

Hello traders, today I bring you the daily chart of Natural Gas which has been dropping for a while. We are approaching now a strong support zone for Natural Gas supported as well by the 100 DMA. I will buy at current market rate @ $2.68 and accumulate many long positions with stop loss below $2.5 to be conservative. My target will be a run to the upside band of...