Hi, Price reach strong resistance level of 10,000. Look like Momentum is slowing down. Firs support level will be 9,525. RSI it’s trap between bottom of the reversal zone and previous support 66.65.TL on the price chart should worn us before price possibly move to down side. TL on RSI it will help as well. Pay attention to RSI – it is trap in the zone that every...
Another Crypto pair. Behavior the same as the rest of crypto currencies. Price trap between 12 and 10. Despite strong drop, price should slowly start reversing to the upper site. Breaking trough any of TL will be the signal (only with strong Momentum) to buy. Cheers, Jim
Morning, Wow there are so many traders trade on crypto. Ok there is another pair XRPUSD, which again is very cose related t Bitcoin as well. Price is in Triangle and RSI is in reversal bottom zone. I will expect some site move and/or up site as well. at 2:00 we have FEDs interest rate - just wonder if this event will affect Crypto as well. cheers. Jim
Hello Traders, This is the first time I see this chart (again some one ask to analysis). Look like again this is related to Bitcoin. We have indecision on the market – this is the reason we have on price chart and RSI triangles. Just like on other crypto-currencies momentum should rise and price will push into either direction. cheers, Jim
Hello, Someone asks for analysis on this instrument. It is precisely the same situation just like on Bitcoin. We can see triangle on Price chart and triangle on RSI. Momentum start building up on crypto-currencies. Please watch the charts for the next few hours, just like on Bitcoin, we can expected quick price move either direction. Cheers, Jim
Morning Traders, I wish you the best trading year ever. I just take a quick look on Gold. Weakness of USD spread trough out all the markets. It is going to continue further? On Gold we are approaching correction – passably down to Target #1 or perhaps even to Target #2. Cheers, Jim
I have decided to continue Bitcoin analysis. Price indicates continues drop (based on Momentum). RSI indicates downtrend. If price break trough support level, then we can expect price reach first target (around 11,000). Pat attention to second important level – 11,000. If price gain momentum then we can expect price to reach second target. Currently, RSI showing...