traderscolo-en

traderscolo-en

The ascending triangle was formed at the beginning of September 21st. As we can see, the price made a big drop then entered into a platform. Then, it became a descending triangle. I would consider this descending triangle a bullish signal. Although we have this bullish triangle, we still have to face other indicators. The MACD has no signal for bullish, so as the...

traderscolo-en

The price had been falling for a while. Until September 19th, the price retraced back to 0.00000150, which is the 0.5 level Fib. Also, the falling wedge started on September 19th. As we know, the falling wedge is a bullish signal. So I would say the price would rise for a while, here I guess it may rise to the 0.236 level Fib. Then the price may back to the...

traderscolo-en

The price touched the lower band of the Bollinger Bands twice. And we can see that the Bollinger Bands turned broader like a trumpet. So, does this point have enough pressure to push the price back to the middle? From the Volume, we can see that the sellers are still powerful. The MACD and RSI both show a downward trend. Let’s wait for more signals.

traderscolo-en

The price entered a platform, which could be our support area. So would the platform be out to support area? The volume does not show too much confidence in buyers. We can see the platform did not bring enough data, however, the number of green bars is still rising. The MACD is a lagging indicator so I do expect it to show me some significant signal when price...

traderscolo-en

As we all know, the US dollar has risen during the morning. I guess most of the traders are waiting for signals or proofs for the resistance point. Now, the price broke out from the upper band of the Bollinger Bands, so it faced pressure here. As can be seen, the price bounced back a little bit. We cannot see any signal now from MACD, because the MACD is a...

traderscolo-en

The two big candles are very eye-catching. As we know, the US dollar has been rising for a while, so all majors have been influenced. So, for this situation, we should be attentive to all the signals. Although candles seem to tell us that the support point is made, we do not have other signals to support that. The volume remains average. The MACD just went...

traderscolo-en

As can be seen, the price has been falling for a while. Now, the price entered a platform where the Bollinger Bands also shrunk. So, where would the price go after that? The Bollinger Bands shows a signal that the price would break out in the near future. So, what could this big change be? Let’s take a look at other signals. First, the MACD is in an upward trend,...

traderscolo-en

Let’s see this Gartley Bat. As can be seen, the Bat is not very precise, however, it is enough for us to get some information. The XD is a little higher, and the AC is a little lower. This situation could tell us that the two waves are basically going up. But it still a Gartley Pattern. The Volume shows us that the sellers are more confident recently. The MACD is...

traderscolo-en

The two candles are very eye-catching. They are showing us a signal, which is that the downward trend could end soon. The downward trend has been lasting for a while. The pressure from sellers was strong, which allowed the price to go down so much. So, could the support point here pull the price up? I would say: yes. The MACD is about the cross in the near...

traderscolo-en

The steep falling might hurt some traders’ hearts. The price has gone down from 125.71 to now 123.90, which is really a big drop. So, would the price go back to 125 again? Last month, the price kept fluctuating around 125.5, and that price last for a month. The pressure from the resistant point this time could be strong, however, I would say, the strong trend...

traderscolo-en

As we can see, the price has been fluctuating for a while. Although we do not see any specific trend of the fluctuating movement, we can fit it into a wedge. The Bollinger Bands were not changed too much during the wedge, however, it’s not broad, which means the price could easily breakout. The MACD just went through a bullish cross, so the price could go up...

traderscolo-en

The price has been on a channel for a while. As we can see, it tested inside the channel several times, however, still no breakout. And the volume went down, which means the buyers and sellers are all unconfident. The Bollinger Bands shrunk, which means the big fluctuation would be in the near future. The MACD just went through a dead cross. And the RSI is in a...

traderscolo-en

As we can see, the price is making a descending triangle. So, what could a descending triangle mean to us? Usually, it could be a bearish signal. As we know, the price could break down from the bottom line of the triangle, however, this time, I have not seen any strong signal yet. The MACD had gone down for a while, however, it just made a bullish cross recently....

traderscolo-en

As can be seen, the price had been rising since Sep 2nd. The price was very close to the upper band of the Bollinger Bands. Sometimes the price even broke out from the upper band. This could mean that the power of buyers was strong. Although the pressure of buyers was powerful, it went to a platform then. As we can see, the price did not stay on the platform for a...

traderscolo-en

As can be seen, I marked an ascending triangle. This pattern has been going on for a while. Along with the triangle, the Bollinger Bands have shrunk, which means the price is ready for any changes. So where would the price go next? As I said in the title, the situation is a little embarrassing. This triangle could be a bearish triangle because the price came from...

traderscolo-en

The price has been falling for a while. And now, it tried to recover from the falling trend. Let’s see, the high point reached the 0.618 level of the Fib, which is a really high point. So, what would be the next step for the price? Would it retrace back to the downward trend? The price seems not to break out the 0.618 level of the Fib, it only tests once. Also,...

traderscolo-en

I marked the symmetric triangle here, which is an obvious pattern. So, the buyers and sellers are fighting now. As we know, the price could break out from any side of the triangle. Then where would the price go next? We cannot see any specific changes in MACD or RSI. They both stay stable. The volume stays even, no big changes. The Bollinger Bands shrunk,...

traderscolo-en

The price has been fluctuating for a while. As we can see, it has followed the Elliott wave, now, it entered the correct wave. The price met a strong pressure on point 5, which was also the upper band of the Bollinger Bands. Then it bounced back toward the middle line of the Bollinger Bands. Since the price has already met the strongest resistance point of the...