ADABTC @ precipice of ih&s brkout & both a 4hr & 1day goldncrossAll Ada has to do now is overcome the 1 day 200mas resistance(dotted blue line) if it can and flip it to support it will likely then trigger it's inverted head and shoudler breakout as well as both the 4hr golden cross and the 1 day golden cross which will extend it bullishly for quite sometime. Bst to stay reserved on ADA until we see it flip the 1 day 200ma to solidified support first though.
1day
ETH on the verge of bullish greatness (1day goldencross+ih&s?) The recent 4hour golden cross has been very good for the ETHBTC pair and we can see it's now led to a bullish surge at just the right time to give a 1 day ethbtc golden cross a real possibility of happening...should it complete the cross and continue this bullish surge we can expect price action will almost certainly go high enough to trigger the current inverted head and shoulder pattern ethbtc finds itself in. looking at the date ranges here to see what kind of candles each of the 2 moving averages will be factoring out of their trajectory in the next few days there is a slight possibility that there could end up being a 1 day golden cross fakeout but it will likely take a big red candle 180 from here for a golden cross fakeout to happen. So there are a few bearish symptoms like the candles that are about to be factored out of each moving average and the fact that the 1 day stoch rsi is way over extended...but overall probability favors the bulls here.
BTC finally surpasses 1day50ma…but finds a potential double top Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy up just above the double top zone. If I were to wait for a little while for a bounce I would definitely wanna exit if I see the price action fail to close above the 1 day 50 ma for 2 consecutive day candles. Just as I wouldn't wanna get too excited about being above the 1 day 50ma until we have closed at least 2 1 day candles above it as well. This idea will remain neutral but I will be keeping a very close eye out for any sort of confluence that validates the potential double top that we have shown here on this chart on the frosted pink horizontal trend line. If we can form a higher high here above the frosted pink trendline I will definitely be siding more with the bulls. Thanks for reading! *not financial advice*
Yellow falling wedge breakout target reached. We have reached the breakout target for the yellow falling wedge. Price action actually went halfway between its target and the slightly larger red falling wedges target...finding resistance at a former strong horizontal teal trendline. What momentum we had from the breakout of the yellow and red falling wedges may now be gone as we can see the price action has been shoved back inside the biggest falling wedge (in green). Without any further momentum the probablity of us heading back downward towards the 1 week 20ma and the bottom trendline of the green falling wedge has greatly increased but I will leave this idea neutral for nw until I see whether or not we may form another bullish pattern here or not. Ultimately for now it appears as if the 1 day 50ma is going to maintain it's strong resistance.I will wait for 5 consecutive closes below the 4hr 50ma before I decide to exit my position. Just my strategy and not financial advice.
as expected 4hr 50ma pushes out of wedge…1day/4hr 50ma showdown?The 4hr 50ma has me still temprarily hodling as it has hoisted priceaction up out of the falling wedge in a way that will very likely trigger the breakout. 4hr 50ma is now guarding the door back into the wedge....We will likely see a brakout triggered due to this which will result in at least a temporary bullbreak at least up to retst the 1 day 50ma again....as anticipated in the previous idea, it seems more and mroe likely that the 1 day 50ma and the 4hr 50ma are engaged in a showdown that will probably not be over until they are close enough together to squeeze the price action like a pair of chopsticks until it shoots one way or the other based on which timeframes 50ma is the most dominant. I don't know what they call it when a 50ma on one time frame crosses over another 50ma on a bigger timeframe...if it doesn't already have a name I'm gonna refer to it as octave hopping.
BTC 4hr 50ma trying to lift price action out of fallingwedge It's come down to the strong support of the 4hr 50 ma vs. the strong resistance of the 1 day 50ma...who will win? We can see here on the 4hr chart that the 4hr 50ma is doing its best currently to hoist the price action up out of the falling wedge for a breakout but each and every time it tries to breakout the 1day charts 4hr 50ma gives it a strong rejection back down into the wedge. For now I'm bullish until both moving averages get slightly closer to eachother once price action is finally getting squeezed between the 2 like a pair of chopsticks I will be more neutral, however, btc may have gained enough bull momentum from the breakout of the wedge to help the 4hr 50ma muster the strength to overcome that resistance and actually solidify it as support for once. I've been consistently saying this whole time that we need to solidify the 1 day 50ma as support in order to sustain any further bullish upside. That remains true...so in the short term until we get back up to the 1 day 50ma I'm bullish then when we get there I'm neutral until I see it flip to solidified support...if it can do that then I'm definitely long. Mainly for the immediate future I think the 4hr 50ma is powerful enough to at least reach the 1 day 50ma before potentially solidifying as any kind of resistance.
Augur behaving as expected after 1 day golden cross.My last idea on augur I posted I said it would continue its bullish climb if it could achieve the 1 day golden cross on the repbtc 1day chart and we are now seeing exactly that in the price action. This will most likely also lead to a golden cross before too long on the repusd chart as well. If we can sustaina golden cross on the USD pairs 1 day chart it's only gonna get exponentially better.
Falling wedge on xrp seems more valid as a 1 day patternlooking at todays price action it appears the xrp falling wedge is a 1 day pattern with the trendlines adhering to the candle bodies...this lessens the breakout target by 1 cent down to 38 cents. 1 day Stochrsi supports further upside.
Dash ripe for a rebound; Potential inverted head and shouldersDash is experience a nice big green daily candle today which has allowed price action to climb back above the 1 day 50ma(in orange) We can see we also seem to be completing the right shoulder of an inverted head and shoulder pattern. I'm looking for a minor retrace here that retests the 1 day 50ma multiple times and keeps finding support there... if this occurs I will know that the 50ma(aka buy/sell line) has become solidified support thats when I will likely buy back in and then make my next decision at either the neckline of the inv h&s or if I see the price action somehow dip back below the 50ma and close 3 consecutive candles underneath it or solidify resistance. Judging by how the stochrsi on the daily is bottomed out and looks like it wants to start heading back upwards I'd say probability favors solidified support at the 50ma. Just my strategy of course if you are looking for financial advice you will have to go somewhere else as this is just my opinion. Thanks for reading!
AUD/CAD 1D Long Must Look Pullback on 200 ema & fib 78.60
Macd ready to go long
Next reversal at major trend line
Great risk to reward 2.8
Waiting for confirmation candle
USDCAD 1D (SHORT)We can see in the chart that the price raise to the resistant zone 1.33444 and allow us to see better a short opportunity.
Cypher- Shark - 5-0 Constellation FINALA Shark pattern is nested in a larger slightly broken Cypher pattern with the possibility of a preceding 5-0 pattern.
The most likely point for bearish reversal is at 0.74406 due to alignment of 0.382 of CD from both Cypher and Shark.
However if price continues moving upward then the half way point for CD of Shark @ 0.75648 becomes relevant due to possibility of 5-0 pattern, which is a 1 step extension of Shark
First support line is at 0.71579 - a 1.618 extension of AB from Shark
The strongest support range is between 0.71029 and 0.70436 where D from the Broken Cypher and Shark are in close proximity to one another (dark green)
If price drops below that then the official 1.618-2.24 of AB reversal range takes over again to extend D from between 1.13 of XA to 2.24 of AB (light green)
If that happens it will probably be more difficult for price to jump back over main support range which now becomes resistance
If price passes 0.6814 (2.24 of AB) shorting is recommended, otherwise go long until 0.74406 (0.382 of CD) or set two stop losses for 0.382 and 0.50 of CD @ 0.75648
Slightly Broken Bearish Cypher Lends Support to Smaller SharkLarger cypher pattern slightly broken at CD could lend support to bullish reversal from smaller bearish shark pattern and eventually lead to bearish reversal from preceding 5-0 pattern (see previous post)
Golden Cross has occurred but not reflected on 1 day chart yet.So even though it doesn't appear like we have crossed ont he 1 day chart yet if I were to flip this to the 4hr chart you can see that the current 4 hr candle is definitely over where the intersection point of the 2 ma's is so even though the 1 day chart is not yet reflecting it, the golden corss has now occured and you will see it reflected on the 1 day chart in roughly 9 hours from now.
GBPUSD UPTREND COMING TODAYPair Currency: GBPUSD Direction Predicted: UPTREND. GBPUSD is looking to go up within the next hours as my chart shows. Bollinger bands and other technical analysis have been used in order to predict an uptrend with the resistance level at 1.2800
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GBPAUD UPTREND TOUCHING 1.8400PAIR CURRENCY: GBPAUD TREND DIRECTION: UPTREND GBPAUD is showing an uptrend touching 1.8400. After the last 1hr positive candle, we are projecting an uptrend coming in the next few hours.
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ETH/USD 1D - Which way it will go?ETH/USD is trading around $200 since the last few days. We've seen the price attempted to make a bull run but it was stopped by EMA50 few days ago and it's going sideway now. I think I will prepare for 2 scenarios:
- Scenario 1: If the price go up and close above $240, which means it has a successful break-out to EMA50, then ETH can go to resistance zone ($380 - $400). We have the resistance of EMA200 and the round number ($400) in this zone. Moreover, the downtrend line also goes through there. This zone seems like a strong resistance zone and it may make the price go down again.
- Scenario 2: If the price closed below $190, I expect that the price will drop to $130 - $150 before we have a recovery wave.
I will keep my eyes open to take the chances.
Let me know your thought by commenting below, it would help us better.
P/S: This is my personal idea. Just look at it as a reference. Always remember to set your Stop-Loss in each trade to protect your funds.
BTCUSD GOING UP TOUCHING 7000.00Pair Currency: BTCUSD Direction: Uptrend. BTCUSD has been predicted to go up in the next days, as my chart show. Yesterday, there was a really high uptrend, touching nearly the 6600.00! As you can see, I have pointed the important points with the black circle to show how I came up for an uptrend. Bollinger Bands and also WMA at 7 will predict an uptrend, with WMA touching the middle Bollinger Band
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NZDUSD ANALYSIS SHOW A FALL COMING!!1Pair Currency: NZDUSD Trend Direction: DownTrend NZDUSD is showing a downtrend coming. 1D candles show a downtrend, and also fundamental analysis. I have also analysed 1HR and 4hr candles. The resistance level has been put at 0.6500
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EURGBP ANALYSIS PREDICTING A DOWNTRENDPair Currency: EURGBP Trend Predicted: DOWNTREND EURGBP is predicted for a downtrend after analysing all the indicators and candles. EUR's fundamental analysis show a weak euro compared to GBP. Resistance level predicted has been put at 0.8700, after that point was touched previously few days back.
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Updates coming soon!
XRP H&S target reached; Big Bounce Support on 1Day 50maPlease look back 4-5 ideas about the XRP H&S target I pointed out...we have found support at the nearest direct support line immediately below the drop target of the head and shoulder pattern I pointed out. We have seen a very nice bounce here at the 1 day 50ma(in orange)...still a chance that this support could fail if so the next fib line down just under this MA will likely find the ultimate bounce support if this one doesn't hold support. This one may be enough for us to continue upward however. Will need to start seeing a series of higher low/higher highs form though as of now bears have the reigns. However now that the drop target has been fulfilled on the head and shoulder breakdown the bulls may be able to steal the reigns back very soon.
EURUSD UPTREND COMING PAIR CURRENCY: EURUSD DIRECTION: UPTREND EURUSD is predicted to go up in the next few days. All indicators are suggesting it, and the 1day candles show a strong uptrend.
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