johnluke31

johnluke31

The current situation is that we see it going to 50 cents, that means it will overtake cardano, polkadot and tether in market cap??!! Can it sustain though?, if its market cap going beyond binance coin, this is a broken market😂. literally off the heels

johnluke31 Updated 

now trading at 1.2 billion volume and retest of the triangle, this project has huge potential, going against BTC dominance. DEFI trending, NFT still accumulating

johnluke31

this project is defi and tradifi. low market cap and big potential run up more than 10x. Touched deeper supports indicate a strong bull run anytime soon.Volume starting to kick in as well

johnluke31 Updated 

partnership with ADA may boost it up, been accumulating and ranging, ready to go up

johnluke31

We can see the triangle cannot contain it. are we going to see a huge increase? or just a subtle breakout

johnluke31

Drew fibs from the impulse, Pretty much DEFI will be inputted soon. Get ready for it to make new ATH. Very low cap market

johnluke31

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johnluke31

Inverted HNS, BUY TREND?

johnluke31

1) Reach local demand Zone 2) Overextended W formation 3) Needs to retrace to supply zone 4) Shooting Star in the 30 minute timeframe Hope you guys comment on my analysis, so I can do better

johnluke31

If you look at the daily candle close, there's higher probability it to fill up the wick and reach the 1900 resistance. From there, it will retest the trend line, we may see a clear bull, if retest fails, it indicates that bank rates will increase and gold will suffer. Based on the pandemic, we may see some severity in parts of the world, safe haven assets may...

johnluke31

Expecting a head and shoulders, or it could just respect the upward trend. Oil may go down for quite some time, with negative employment affects the CAD performance

johnluke31

tonight's NFP and unemployment rate will determine the US economy's health. After the inauguration of Joe Biden, he might put forward stimulus, when stimulus is in GOLD may fly. Apart from the US situation, the second strain of covid 19 may stir up the safe haven to new levels despite vaccines being rolled out to countries. The technical key levels are nearly respected.

johnluke31

In order to look for bears on the next move, it has to break the channel, this may happen as lockdowns will happen around the world which could be possible

johnluke31

Bullish engulfing

johnluke31 Updated 

LOCKDOWN in england has been announced, despite the covid vaccine into place and brexit almost over, GBP may devalue quite soon, investors leaving the pound

johnluke31

LOOK closely at the W formations then it made a correction. That is one way to look at tackling this pair. so at this stage it is still a bearish bias until a breakout out of the descending wedge and test and resumption off the wedge.

johnluke31

We may see this breakout from this cluster and range tomorrow when the manufacturing pmi data for each euro country comes out. We also have to consider the bank of japan's policy rate coming this week. Patience is key

johnluke31

The proposal for a stimulus bill is otw, however, if they decline the incoming bill. DXY May become bullish for a while. Dont forget the FED specifically stated that it wont raise rates until 2024. Lower rates means bad for the dollar. Looking into a weekly timeframe, it has reached an area of supply, it may retrace a bit before going down or breaking that level...