Seeing ERDBTC today really excites me! Not only did ERDBTC price bounced off the 0.00000175 level. That levels also saw the converging of all impt EMAs! EMA 55 and EMA 200 provided a good support to ERDBTC. IN addition, the downward trendline also hit near 0.0000175 as well. ERDBTC has traded firmly above that today. Momentum seems to be gaining as well!.
To me...
All stars seem aligned for this pair to trade higher. It has broken resistance at 0.00004060 and also the neckline at 0.00004340/45 approximately. That means we have a huge upside potential for this pair in the days to come. The DMI+ has cross above too and that insinuates that the break out has more legs to go! The Head and Shoulder formation's ultimate target is...
After beimg sold off and consolidating for a while, it seem like Vechain is ready to trade higher from here. While I have not completely see a confirm buy, DMI+ crossing over DMI - signalled some form of new trend to emerge. What is not confirming yet is that EMA 8 has not cross over EMA 13 and the downward trendline has not been broken as yet at 0,00000167...
Not sure if its a big too late but I do think this break up has room for a test of 1.8720. DMI + turn up. and GBPAUD has broken up of the downward trendline. It is looking increasing interesting for GBPAUD to trade higher. GBPUSD has broken towards the upside while AUDUSD has stalled given the dwindling risk sentiment. With Equities teetering on the brink of sell...
This might be another trade I am jumping ahead given. A convincing break above 0.01950 might be more viable. BUT given the vol sustainability and the EMA support downside, i do think its worth taking the long side of this trade now. So buy at market at 0.01925 for now! I will update again once i see a break out!
USD weakness was the reason for the slide in USDCHF in recent days. Lack of SNB presence in the EURCHF is not helping the USDCHF. The breakdown in USD index twice last week at 95.70/75 and 94.65/70 level on Friday sealed the USDCHF's fate. However, at the 0.9200 handle, USDCHF is clinging on to dear life! Do we see further crash down from here as stop sell...
It has broken out of the downward trendline with increase volume and the DMI+ has turned up as well. I believe the target will be 0.05580 ( near to the 200 DMA) for an immediate test which I will consider taking profit before re entering again. I just entered into a position at 0.004970! Good luck to all!
Disclaimer: Please invest at your own risk!
I have waited for the cross over of this Golden cross for about a week!. For those who like to take advantage of this break out its not too late given that the broke up of the all important resistance level of 0.0000091 has just been triggered. There are still lots of upside room in view of the sustainable sentiment in Alts and the potential break out in the...
I know ... The title sound corny. Spotted this chart as I went through the whole spectrum of charts in the market. Vol spiked on break out yesterday. It has broken up the downward trendline. DMI + crossing above. EMA 8 crossing above EMA 13. It is a worthwhile short term technical trade in my opinion for a target closer to 3.
Last week I wrote about the broke out in XMRBTC. Today I sighted the break out in XMRUSD. EMA are all trending higher implyign sustainability in this move up. It has broken the resistance level that has capped this pair since Mar 2020. This break up only signified a greater move. When you compressed the chart to see the longer timeframe, I cant help but get...
Interestingly, AUDUSD did not trade as strongly as I would expect given the strength in the EURUSD today. Risk on mode as a result of encouraging development in vaccine did not push AUDUSD as parabolically higher as always. The strength in AUDUSD has also pale in comparision to the EURUSD spike today.
That means it is probably viable to go long EURAUD from here....
The beak down below ht 0.9000 level opens up the pair for a deeper sell off. What triggered the current sell off in eurgbp has to do with something more fundamental. The mini budget released last week supported positive GBP sentiment as the dominant aim is to avert the danger of massive unemployment. That essentially provides a substantial fiscal boost and...
USDJPY broke below the upward trendline last week. The breakdown level was around 107.05/10 level. Today, it has recovered to that level once again and that gave a good entry level to short the pair. BOJ will meet this week but nothing new should be expected. With USDJPY around the same level or rather not moving much, I doubt more need to be done. So USDJPY...
I bought into this coin when its trading at 0.000025 and has just taken profit today at 0.000050. I am having a serious case of FOMO ing given that I believe its alt coin season and there are more upside potential in a few interesting great projects. I want to get back into it and what level do you think I should? I have placed an order at 0.0000038. The reason...
The break out in XAUUSD around the 1723 level does indicate a continuous up move.
A triangle formation coupled with the turn up in DMI+ indicated a fresh move and with a likely target of 1815.
This literally has been really stable for a while. The fact that it is holding above the 200 Day EMA is encouraging. As the trading range got squeezed tighter and tigher, it has now starting to show signs of trading higher. the 8D EMA has cut above the 13D EMA. In addition, it has also broke above the downward trendline as depicted above. The break up above 65.00...
This pair has been trading below 0.00004044 for an extended period of time. I was tremendously frustrated but I guess with the lull in alt, this should be expected. I should have managed my own expectation.
The recent break out of the resistance level from the triangle formation saw all the EMA cutting higher. The stars seems aligned then. Now its trading near...
A good number of Alts are showing signs of turning higher. EOS/ TRX/etc. Those already traded higher before i had a chance to cover them today. So that left BNBBTC. Actually, I prob need the EMA 8 to cross up first to confirm the trade but the ADX is showing fresh move up from here. And Given the the general buying tone in the rest of the alts, I am cautiously...
