On the daily timeframe the price action tried to break the 200EMA but instead it retested it and now it's going bearish. On the 4h timeframe the price action broke the 50 EMA and now we may have an opportunity to go short. Wait for confirmation when price action retest the 50EMA a gap close towards 200EMA will be happening. Go short around 104.977 and take profit...
There's not much data to predict where this coin is going but, for the last few days the price action has respected a trend line and resisted a major zone of supply. The price continuation has two scenarios depending if it can break through the resistance zone but in both cases price is bullish! Trade safely, this is my own bias on the market.
I have predicted before that XLM will reach 0.4 and it well did. The price action has been respecting an upward channel for the last months. Next potential target now is 0.45$. The price action broke through the median channel and through a strong resistance zone which can act as a support if the candle closes above it. After that we can expect a pullback to 50%...
USD is strong recently and It's clear on the 1D time frame () that price action has broke the 200 EMA and going bullish. You can wait for confirmation for retest on the moving average before taking the trade. Using Fibonacci I see that it's good to go long at 50% level where there's a support forming. Take profits are divided into two steps, one that is at 161.8...
Recently we've noticed a death cross ( 50 EMA breaking through 200 EMA downwards) signaling a bearish trend and the price followed by going downwards to reach a new recent low then it pulled back. Using Fibonacci retracement place a trade on the 50% pullback. Place take profit at Fibonacci level 161.8 and stop loss above the previous high by few pips and thus...
On the daily timeframe (snapchot attached above) the price action has respected very well the channel path and now it's on the edge of going bullish. We confirm this idea by checking on the 1H timeframe that the price action has now rejected a support more than one time and it's on the way of forming head and shoulder which adds confluence. Enter this trade...
Guys this crypto has been trading in a channel and has respected the trend lines more than twice, it will most probably now pullback to 0.3 where two supports meet ( horizontal and trendline) and then bounce and reach 0.4. Gd luck on this trade! THIS REFLECT MY BIAS ON THE MARKET, TRADE SAFELY.