traderscolo-en

traderscolo-en

The price started to rise on August 20th. As we can see, it bounced after a support point. So, how long will this upward trend last? The pressure of the latest support point seems strong, it has pushed the price to go up, it even touched the upper band of the Bollinger Bands. Even if the upward trend has lasted for a long time, it still has a comparatively low...

traderscolo-en

The price has been falling for a while. Cryptocurrencies always fluctuate, we should take advantage of that. So, we should be prepared for any signals. The Bollinger Bands shrunk since the price started to fall. As we can see, there were not too many waves during the falling, however, it cannot explain why the Bollinger Bands shrunk. For me, it warns me to keep...

traderscolo-en

As can be seen, the big wedge has been formed since August 17th. Although the falling wedge is not very clear, I believe it still holds the property of a falling wedge. So, the price could break up from the upper line in the near future. Also, the Bollinger Bands are narrow, which could be a signal for a breakout. The price faced pressure from the lower band of...

traderscolo-en

The price has been rising for a while. As we can see, the volume of the rising part was great. People were confident about the price. Recently, the price went to a platform, the price stayed at around 1.31 for around 5 days, which was long enough. So now, the price is still swinging around 1.31 level, however, there are signals for a change. The Bollinger Bands...

traderscolo-en

After the plasma treatments were approved, the Dow futures soar 300 points. Which means that people are confident about it. So, what would gold do with this? I would say the gold price could go down. Also, we have some other signals to prove it. The descending triangle here indicates that the price could continue to go down after the triangle and may break out...

traderscolo-en

A clear wave movement is formed in the chart. So, would the price follow the next step of the wave? First, let’s see the MACD, there is no doubt that the MACD is in an upward trend, and no clear signal for any cross recently. Next, the RSI is also in an upward trend. And we can see that the RSI is following the waves. Is this enough for us to make a conclusion? I...

traderscolo-en

USDJPY just went through a big wave, and now, it’s making an ascending triangle. The reason for the pattern to be an ascending triangle is that it already has two clear waves, and we can see it basically within the trendlines. Although the volume could be subjective, it offers a reference idea. As can be seen, the volume was lower and people started to believe...

traderscolo-en

Two big candles went beyond the Bollinger Bands, which I considered a support point or support area. The price would always go towards the middle line. The MACD reveals that there could be a bullish cross soon, and the RSI is just recovering from an oversold point. The volume reveals the same signal, traders become more and more confident with the price going...

traderscolo-en

As we can see, the wave already has three steps. So, I would say that the price would complete the 5 step wave and go up. The MACD is still in a downward direction, which means the next wave step could be a downward movement. The two lines twist together, and the downward trend becomes milder and milder. This could indicate that the downward trend could end soon....

traderscolo-en

As we can see, two big candles went beyond the Bollinger Bands, which I would like to consider a support point. The price usually goes towards the middle line of the Bollinger Bands, so the price may go back toward the middle line, which means the price may go up. Now let’s find some other signals to prove bullish. MACD just made a bullish cross. RSI has already...

traderscolo-en

Due to the mortgage problem, the EURUSD went up sharply for a while. Now, the price started to go down; and we can see two big red candles here. Does this mean the mortgage problem is over? I don’t think so. The downward price movement could just be a retracement of the upward trend. Let’s see, it is now just at the 0.618 level of previous upward movement. So,...

traderscolo-en

From the daily chart, we can see that the price has been rising for a while. The wave of the price in the chart is regular. And the price seems to follow the trend line I marked on the chart. BUT I would say that the upward trend may end in the near future. Divergence is obvious, the MACD is in a downward trend. Also, the RSI seems to be too tired to go up, so it...

traderscolo-en

Ascending wedge always makes me love and hate. So far, my conclusion is: do not base your analysis just on the Ascending wedge. Yes, I have an ascending wedge forming here. I have some other signals. Let’s see the MACD, two lines twist together, however, the blue line is going up, so this cross could be a bullish cross. The RSI started a new trend on Aug 18th,...

traderscolo-en

As we can see, the last upward trend movement was five days ago. Then we had it go down for a little bit. Now, the price is around 125.86, which is the 0.618 level of Fibonacci. Is this a time for a turning? There is not enough signals to prove it. The MACD is still in a downward trend and no signal for the cross. For the RSI, from my point of view, this is a...

traderscolo-en

Due to the mortgage delinquencies, the US dollar has been going down since yesterday morning. This could influence the price of oil. Also, the government plans to reduce the output of oil to stimulate the oil price. Although the fundamentals tell us that the price of oil could go up soon, we still see that there are negative signals. The MACD lines just went...

traderscolo-en

Let’s see. The price had been rising since July 31. Then, it went to a platform and stayed at around 27903. Now, let’s look at the MACD. The MACD has been falling since the start of the platform so that it could be a signal for bearish. The same situation happened on the RSI; we can see that the RSI went into a downward trend since the start of the platform. So,...

traderscolo-en

After Russia leaked the news that they already have their vaccine ready, the gold price started to go down. Now, it seems to recover from that. Now, we can see that the Bollinger Bands shrunk, which means a change may come soon. And the MACD started to rise, and the RSI is in an upward trend too. So, let’s expect the price to rise.

traderscolo-en

As can be seen, the price seems to form a falling wedge which I marked with maroon. Since the price has been falling for a while, the pressure of sale could be less than the beginning. As I said, the price seems to form a falling wedge, so the wedge is incomplete. And the price could fluctuate several times for this forming process. Since the price would...