Currently there are no signs of a reversal in the rally. market is making higher high / high lows. we are now at a major resistance zone which will tell where the market is heading in the short term (next 2-4 weeks).
Those holding long since the previous swings should continue holding, if this resistance level breaks, it will be a relatively large rally. any break...
Yesterdays down move seems to have been a temporary sell off. This type of activity can easily confuse traders, forcing them to either exit their long positions, or sell short. The problem with this, is that NO LOW PIVOTS HAVE BEEN TAKEN OUT - implies the trend is still UP, until a signal says otherwise. Those who have been following LONG from 1500, hold, those...
continuing from last weeks chart, ETHUSD has provided a buy signal with a break above the minor resistance level. Price is continuing higher for now, we could expect a minor retracement, at which point a buy order can be placed for a long position up to the next resistance level as an initial target
When Prices are making new highs, the trend is UP! We have 2 options, buy a retracement, or sell the top. Going with the trend has better returns and lower risk than opposing the current trend, hence, the prognosis here is that gold will make higher highs.
the retraction is measured against the previous minor retraction. If the flow continues doing what it is...
ETHUSD is in a major downtrend. This does not mean we must wait for a sell entry - there are possible buy entries, too. In this chart, we are looking at the contraction of price before a descision is made about the value of ETHUSD in the immediate timeframe. if we see enough buying interest, i.e, a large bar bigger than the last 10 bars, there is a potential long...
