glazinghon

glazinghon

Currently with everything going on in the market, i remain bullish on gold. But from a purely technical analysis standpoint using fibo, expecting price to pivot at 1973.8 and continue down to 1938.16 as first target if it breaks trendline .

glazinghon

Prices retraced back to Fibo .382 and bounced off within candle wick trendline . I will be expecting prices to continue climbing from here with 1st target @ 29,600 If prices fail to break new high and stay under 28,300, will be expecting price to retrace back to candle body trendline . --------------------

glazinghon

XRP retrace and bouncing off trendline. Optimistic + target @ 0.4949 ------------------------------------------------------

glazinghon

Looking at it from a higher timeframe. price may retrace back to trendline and continue higher. +| 1st target @ 29,900 if it retraces back to trendline and continue higher. -| 1st target @ 25,500 if it returns back under trendline.

glazinghon

BTC at critical junction. Potential scenario that might play out as drawn. + | 1st target @ 27600 if it bounces off trendline. - | 1st target @ 26600 if it bounces off resistance. ----------

glazinghon

Potential bullish and bearish scenario as planned out. ---------- Currently still downside biased.

glazinghon

Each time BTC makes a drop, it recovers about 40+% before continuing its decline. Recently it has just recovered about 40+% and bounced off a trend before continuing its decline today. Potential long term short if support does not hold up. Might continue going sideways until Fed Statement, will wait for more confirmation. ----------

glazinghon

XRP fell to test the daily support trendline that have been trending since March this year. After touching the trendline each time, the price took 56 days to recover 90% from previous low. This is a potential scenario that could occur should the price respect the trendline. __________ That being said, with all the drama going on with the SEC and all the FUD...

glazinghon

Potential long position if price bounces off the bottom of ascending channel. Expecting sideways movement until then.

glazinghon

Potential scenario that could play out if current price bounces off the trend-line. Would stay on sidelines until price develops with more confirmation.

glazinghon

Right Shoulder in the process of formation, expecting price to extend downwards after breaking support. Expecting price to go sideways until at least the end of the orange rectangle drawn.

glazinghon

Gold went down to demand level as expected, however did not retraced past Fib(0.236) which means that the selling pressure is still on. Expecting price to go sideways from here for awhile after bouncing off MA(200) on the daily chart. Direction of trend should be clearer after upcoming high impact USD news.

glazinghon

Price pierced through previous demand levels which means there is not much liquidity at that price anymore. // Sharp movement caused by +PMI News signaling a recovering economy causing investors to flock away from safe-haven assets. // Investors gained more confidence in USD after +PMI News pushing TVC:DXY up and OANDA:XAUUSD down. Expecting downtrend to...

glazinghon

When the MA(50) crossed the MA(100), it signaled a change of trend direction, Until it bounced off a Demand level and retraced back to the MA(100) / Supply level and continued strongly downtrend. Downtrend is expected to continue further until it reaches demand level. I am expecting the price to bounce off the demand level, retrace back to the MA(50) / MA(100)...

glazinghon

Could wait for clearer direction. Positive Vaccine news pushed gold price downwards due to increase in risk appetite, finding support at supply level and quickly rebounded back touching the previous trendline / MA(50/100) Price could break out upwards bouncing on Fibo(0.236) or Bounce back downwards rejecting the trendline & MA(50/100) and drop back to supply level