In the daily chart we see an "inverted hammer" candle pattern which should be considered as a bearish sign for the chart. Moreover the chart was on a bearish rally and it has consolidated its previous downtrend more than 50%. So we go for a lower time frame which is 1 hour and we look for down trend. If we look propper we will see a head and shoulder chart pattern...
As the rumores around rate hikes, the tech stockes faced a dramatic slide we speculate that the bear trend is just about to begin! During pandemic era tech stocks such as NETFLIX(NFLX) have risen to its ath and there might be the proper time for a consolidation. NOTE : The results that will be published in wednesday and thursday would be extremely imoportant!
After losing the $53k support, the BITCOIN has dropped to $40k zone and after that it has supported to around $51k. Our next hope for support was $40k, but the bear trend was so powerful that $40k supporting zone couldn't avoid the pressure from sellers. Now in this situation the price is under $40k and if the bear market is continual the fall to 28k zone is...
At the end of the last week and after the sudden emersion of omicron coronavirus, the price of oil faced a dramatic decrease! In the beginning of this week, after a slight consolidation upward, it has fallen even more dipper than the point which was closed previous week. Right now in this position I guess that the upward correction is about to finish and in...
After breaking its ATH, the chart hadn't has enough power to stay on that position an it fell below the 65$k.We expected that the black line(60k$) could hold the bullish run but it couldn't so. The nest major support for the chart is the combination of the uptrend line and 53k$ support zone. And if this zone wasn't able to support the bitcoin, the possible...
After a drastic downfall in price, the chart was supported nearly around 25$ zone. It has soared to 85$ but after that it couldn't continue the uptrend. Now it is in a triangle chart pattern below its resistance zone. If it breaks either the top or down of this triangle our target would be the length of this triangle from the breaking point.
A head and shoulder chart pattern has formed in daily time frame, in this pattern the goal is the distance between head and neckline from the breaking point which is not seem to be satisfied due to several resistances on its way.
After a bullish rally, a consolidation is predictable. The chart has corrected about 30% of its previous uptrend, moreover, taking the fibonacci retracement in to consideration , the contemporary position of the chart is on 0.618 fibo level. The whole form of the chart is a resemblance to triangle chart pattern. If the chart breaks the top or bottom of the...
A triangle chart pattern has formed on the chart and it has broken in bearish form. we speculate that it fall as the length of the triangle side
A triangle chart pattern has formed on the chart and it has broken from the bottom side. In this current situation our target is the length of the bottom side from the breaking point.
As it is obvious a triangle chart pattern has formed on the chart and it has broken from the top. In this moment the target is the side length of the triangle from the breaking point.
As it is obvious the chart has been trapped in a triangle chart pattern and it has broken the top of the triangle. The target would be the length of the side from the breaking point.
After previous week's drastic fall, the gold started its consolidation on the way up but on a certain price zone, the chart has faced the same resistance three times which is shown on the chart. After breaking this zone, we predict that the gold price will hike to 1785$ per ounce. moreover, the chart has formed an a,b,c chart pattern. In this case the target is...
After 3 times touching the same zone the chart has faced a resistance which pushed it downwards. After almost 180 days the char regains its energy to break out the resistance line(the black horizontal line) and now is on a pullback, moreover the bullish trendline should be considered as the second major support for the contemporary situation. all in all, all of...
The chart was trapped in a bearish parallel channel until its broke from the top, so in this situation the next goal is the width of the channel from the breakout point. As it is obvious it has reached to the goal and here we should wait for the fundamental factors to see in which direction the chart would go.
As it is obvious , we can see that a bullish trend line has broken. Moreover the divergence in the RSI indicator warns us about the beginning of a bearish situation. The chart was supported around the 0.5 level of Fibonacci retracement and if in this time this zone wouldn’t help the chart in its bullish way , we guess that it will fall to 0.7 level of Fibonacci...
After finishing an uptrend, the chart broke its parallel channel and entered a side way consolidation phase. In this current situation, there is no solid speculation for the future of the chart. The only thing which is possible here is to short when we are near the top and open a long position near the bottom(supporting areas). We should be cautious about...
As you can see a “double top” chart pattern has formed which is a descending signal and the RSI for this pattern is showing two descending peaks which will make the bearish signal more reliable. We set the stop loss for the trade with the help of fibo retracement and the target is its previous supporting line.