Dear traders, this is just a post to mark my words, It can be right or wrong, but my analysis indicates that Solana is highly undervalued. I have chosen to keep my methodologies confidential. I recommend to set a stop loss at 130$, targets on chart. Do your own research.
Sometimes, you have to see the things from a different perspective, the chart of Gold against major currencies, writing this on the chart: "" TVC:GOLD/((FX_IDC:CHFUSD+FX_IDC:EURUSD+FX_IDC:GBPUSD)/3) "" you can observe that the price has successfully broken out from a long accumulation inside an ascending triangle and that it's about to break the all time high...
This is just a simple observation of what happened with Gold in the last 100 years. Here I show some important economic events highlighting the purchasing power with a red line. When you open a GOLD chart, you can look at the trend and think that it had a very strong bull market during the last century. And you are right, it had a very strong one, but against...
I'm sorry but the target does not fit in to the chart. As you can see, the overall situation in the crypto market is not looking very healthy, We have here a very simple setup, we combine: - RSI Bearish divergence. - Uptrend with decreasing volume. - Failure to break major resistance of 2000$. - Bitcoin selling at less than 25000$. And for the...
As you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case...
Hello Traders, As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout. You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend. If we see a weekly close over 18000$ there is high...
As you can see in the chart, we have been in range for 52 days. The previous range, lasted 53 days, if history repeats itself, between today and Thursday we should see a breakout to the downside and a retest of the 25k level. There are two main coincidences: 1- Almost the same downside movement distance to the major support (9%). 2- The same downside movement...
As you can see in the chart, this is a very simple idea, this is a broadening pattern breakout that signals the continuation of the uptrend. Then, we have the 30k level that is a major resistance where a lot of people is going to open short positions which can result in big liquidations that will push the price higher. To that we have to add that new money keeps...
As you can see in the chart, natural gas had a big downside movement for the last months. Now It looks like the bottom is printed so I will consider entering a long here with targets 3.11$ and 4.69$ . You can see apart from the Bullish Divergence that It is starting to show a lot of strength, you can observe a gap-up between 2.314$ and 2.415$. For the buy...
Hello friends , as you can see in the chart, DOGE has printed a descending Triangle with decreasing volume. According to my strategy this one is a powerful pattern that should not be ignored which has a high probability to anticipate big moves. The decreasing volume acts as a confirmation. I say back home because in my opinion this hyped movement due to Elon Musk...
As you can see in the chart, gold has printed a triple bottom pattern that usually signals the end of a downtrend. It broke out from the resistance area and closed a few days over it, that means that the pattern is confirmed. Now I expect a pullback till the previous resistance area(1730$) to be produced, It is a classic retest of the breakout point that could be...
As you can see in the chart, it is a very simple trade, the 24.9$ level was a strong support, now that is broken is a strong resistance. The price managed to climb back to that level(resistance) so i see that a reversal from here is quite likely. With the 22.5$ level acting as a magnet for the price. I consider to enter a Short position now with stop at 25.35$...
As you can see in the chart it is a really simple idea, there is after an uptrend two consecutive tops with a hit of the support line between them. When this support line is broken it acts as a confirmation of the double top pattern. Now it is confirmed, it successfully broke to the downside and made a pullback to hit that line again which now acts as a strong...
As you can see in this chart i keep it simple, there is an ascending trend line which failed to hold the price. Then, after it broke out, we see very weak volume and small candles.This factors could be indicating a move to the downside. There is a lot of hype about ETH merge, but in reality I'm not bullish a the moment, In my opinion, it is very likely to...
As you can see in the chart The USD broke the resistance of 135 against the JPY after crossing to the upside the exponential moving average of 377 months which is something that is not usually seen. I will try to enter a long in the retest of 135, with an stop loss at 129.6. For the targets i recommend to keep locking profits and the main target is...
If you look at the 4h time frame chart of AXS you can clearly see that it successfully completed and confirmed the triple bottom pattern breaking out the resistance line. I will consider to wait for a pullback and enter a long at 14.02$ with an stop loss at 13.43$ and i will take profits at 16.62$.
If a breakout to the upside is produced with a daily close over the wedge i will enter a long position, otherwise this setup is cancelled. Taking in to account how CHZ has behaved in the last weeks the most likely for the wedge is to be followed by a push to the upside.
After having made research and taking in to account the current conditions i think that sadly we can see a strong pump in the us dollar for the coming weeks. If you look at the chart of Swiss Franc against US Dollar you can clearly see a bullish flag pattern which usually indicates an accumulation followed by a continuation on the actual uptrend. If the price...