Category: Technial Analysis
BTC Drops Again Bitcoin futures are back on the ropes this week with the leading crypto currency having reversed over 15% lower from initial highs on the week. Price has been grinding higher over recent weeks, trading within a corrective bull channel. However, sitting at the bottom of extended declines, the structure can be viewed […]
Kiwi Collapses As we round out another week, we’re coming dangerously close to the end of the summer here in London. However, as the weather starts to cool down, action in the markets is certainly showing no signs of lowering the temperature. It’s been another interesting week across the board, with several key moves to […]
Type: Bearish Drop Key Levels:Resistance: 0.0074305Pivot: 0.0073135Support: 0.0072360 Preferred Case:On the H4, with the price moving below the ichimoku cloud and within the ascending channel , we have a bearish bias that the price may drop from the pivot at 0.0073135 where the overlap support, 78.6% fibonacci retracement and 100% fibonacci projection are to the […]
Type: Bearish Breakout Key Levels:Resistance: 1918.99Pivot: 1789.4Support: 1640.99 Preferred Case:On the H4, with price breaking out of an ascending channel and reversing off the ichimoku resistance, we have a bearish bias that price will drop to the pivot at 1789.4 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are. Once the pivot […]
EURUSD, “Euro vs US Dollar” EURUSD has finished the descending wave at 1.0080; right now, it is consolidating around this level. If later the price breaks the range to the downside, the market may resume falling towards 1.0020; if to the upside – start another correction with the target at 1.0140. GBPUSD, “Great Britain Pound […]
BRENT In the H4 chart, Brent is trading within the “oversold area”. In this case, the price is expected to test 0/8, break it, and then continue moving upwards to reach the resistance at 1/8. However, this scenario may no longer be valid if the asset breaks the support at -1/8 to the downside. After […]
• NZDUSD broke support level 0.6220 • Likely to fall to support level 0.6135 NZDUSD recently broke the support level 0.6220 (low of the previous wave B, which has been reversing the pair from last month). The breakout of the support level 0.6220 coincided with the 61.8% Fibonacci correction of the upward impulse from July. […]
Type: Bullish Rise Key Levels:Resistance: 2058.7Pivot: 1953.2Support: 1919.9 Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 1953.2 where the pullback support, 23.6% fiboncci retracement and 78.6% fibonacci projection are to the 1st resistance at 2058.7 where the swing high […]
Type: Bearish Drop Key Levels:Resistance: 1.2016 Pivot: 1.1894 Support: 1.1781 Preferred Case:On the H4, with the price moving below the ichimoku cloud and moving within the descending trend line , we have a bearish bias that the price may drop from the pivot at 1.1894, which is in line with the 78.6% fibonacci retracement to […]
The BTC lost more than 7% in the last 24 hours. At the moment, the major crypto continues to fall and may soon reach $21,380. The key reason for this decline is that the euphoria passed. Earlier, the crypto market was rising due to the CPI report from the US. Based on the data, investors […]