stamoyo

stamoyo

GBP/AUD has a lot to do but not any further in its upswing. It meets a very strong resistance, the volume is decreasing, the RSI is overbought and the market seems quite uncertain to keep buying. What is more, it is Friday, and prices naturally fall a bit. Happy Trading Everyone.

stamoyo

The price has long tried to slump under the red support, resistance now, and it finally could. The forming triangle is very familiar to everyone who has traded reversing markets. A minor breakout above the resistance is possible but even though the price will most probably continue its bear movement. The weakening RSI and MAs additionally support that idea. Even...

stamoyo

With weakening RSI, an edge and flag, there is nothing but hope to bring the price up. I do not see anything that would support a bull market right now. I am not quite sure about the support line because the chart is so meager.

stamoyo

A previously formed edge forecasted a down trend which is now facing a symmetrical triangle which is often considered as a continuation pattern. There is a big chance to see the price falling down to the support line.

stamoyo

There are so many evidences that predict a bear move that I am so excited to see what will happen. The rsi/price divergence on daily chart, the previous symmetrical triangle, the currently forming pattern. The price seems a little bit hesitant because of the near strong support ( the green supporting line ). That results in slower actions and uncertainty of the...

stamoyo

The pair is in a downtrend and a symmetrical triangle is being formed which is often regarded as continuation pattern. The bearish RSI and strong resistance lines contributes for the down movement.

stamoyo

GOLD was on a heater until Jan. 21st, when the first signs of weakening came in. The RSI is not so strong, the second top is lower and multiple resistance lines can be drawn. There is still potential for long positions, though, it is neutral right now. From my perspective, we should wait a day or two and see what will happen. If it fails to break the resistance, a...

stamoyo

The pair is in an all time high and has formed a strong resistance level. I expect a bounce back from the resistance line and touch to the support. The market will bear more confidence if the price breakout the support and test it once or more. Of course, it will not explode without a test back, but a possible bull move is not unlikely. I think shorting right now...

stamoyo

The pair is moving so rapidly, lately. There is an obvious and strong resistance now, support later level. In such situations, if the bull breakout fails, we will mess up with a very large bear movement. It is more likely to go bull, but bear market is not fully excluded. I would recommend to wait a little, until either a breakout or slump begins.

stamoyo

Hi! The AUD/CHF is forming one of the coolest patterns and I am happy to discover it. I think we have an upside-broken falling edge. If I am right, the price should test one of the 2 levels marked and continue its uptrend. What is more, the positive divergence between the price and the RSI is another supporting fact.

stamoyo

The DJI was bullish for quite a long time until its short-term light fall. It resulted in forming a symmetrical triangle which is very often a continuation pattern. The RSI was bullish or above 70 points for a time until the slump and not it is in a very very down position which makes a further bear movement quite unlikely. A good upside move should take place in...

stamoyo

I am a newbie in the Crypto world and still many facts are sneaking around. Even though, if we take the old but "gold" technical analysis under consideration, the intersection of the two resistance lines should be too strong for the price to fall and to result in a positive breakout. The RSI is kind of down and sleepy, say not very promising. The Fib Retracement...

stamoyo

The LTC/USD is into a pattern very similar to ta triangle. A strong supporting line is on point as well as oversold RSI which has not lied to us so far, though, the chart is so short-term. I will be happy to see heavy volume on upside soon. It will confirm my assertion for breakout and the price will head for its first resistance line, which is also our first take profit.

stamoyo

The BTC/USD - one of the most commented pairs recently. Well, the RSI did not lie for 5 out of 6 times and I think it is so reasonable to trust it now. What is more, the upper red line, or the resistance, was once broken on the last days of Feb. Thus, I believe that the price is not following it but the Fib levels. Indeed, the price seems so sensitive to Fib, when...

stamoyo

The GBP/USD broke the support as I expected and noticed in my previous post about GBP/USD, you should check it out, and now it forms some interesting patterns. The Fibonacci retracement of .38 is about to be confirmed and I am inclined to believe so because of the RSI and price divergence. Usually, patterns like triangles are being broken between their 60th and...

stamoyo

The EUR/USD is going on well in a solid downtrend but it seems it is quite a time for a change. The last correction is not only supported by a trustworthy line but also a positive divergence with RSI. What is more, the price is now on a very important Fibonacci level which is often regarded as an end of corrections but in case it's broken, the price will head for...

stamoyo

The price is relatively low and quite close to a very important support level. What is more, we have a short-term support line which will most probably push the price towards its first resistance level (the thin red dashed line ). A case of breaking the support is possible but not that likely according to me. I believe that the price will go up towards the support...

stamoyo

The EUR/USD is forming an intriguing chart. We have a good resistance line ( the red one ) which may not be reached this time. If the prices slumps under the black dashed line it will hit the Take Profit line or the first serious support. We still do not have a confirmation, nor we do have a disclaimer. The price will most probably go down and I am inclined to...