This currency is featuring for the first time on our TradingView blogs.
Current setup: Price is declining fast with the next support level far away.
Conclusion: We will be looking for shorting opportunities following a break of a previous low.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!...
Last post: April 30th 2019. See chart.
Review: Price was at a strong resistance level.
Update: Price failed at resistance and is now dropping towards the next support level.
Conclusion: If we do see a break of support we will be looking for shorting opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you...
BTT/BTC on Binance is looking good! We have finally escaped the down trendline.
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Chart says it best. Got an A-B-C in progress. Very clear downtrend, A-leg in defined channel, high volume in selling, small volume buying.
Definite 5-wave Elliott impulse forming in the reactionary B wave. Fifth and final wave should push to the 0.786 Fibo at 2905. Then enter C.
This ABC is in turn part of a larger zig-zag correction in progress since Jan...
I've been pretty quiet on TV lately, focusing more on YouTube and quick tweets, but someone asked me to post this after I put up a screenshot in the TV chat room. I've been wanting to post one of my newer somewhat unique charts for a while anyway, so I bring you another chart that exemplifies the inverse correlation that I've been noticing over the last year or so...
EUR/USD has been trading in a large downtrend and is looking for a big move. It can keep trading in its current perfect downtrend with small buys and larger sells or it can break the trend and we will see it make a total reverse or it will have new monthly lows.
It looks like the downtrend of the last weeks is coming to an end here.
We see the lower lows getting closer to each other instead of the bigger differences seen in the trend.
I'm trading this as shown with an entry right now.
Should be a small trade with a wider stop because of the wick seen last time, don't want that to happen and kick me...
Here is a larger view compared to my previous idea (see related link under this description):
The idea here is to show the difference between the great descending triangle that imposed its law in 2018
and the small isosceles / symmetrical triangle being formed!
THE DESCENDING TRIANGLE OF 2018:
The first, the descendant, is constituted like the isosceles...
After a hectic week of news by Trump and US/ China trade conflict the US economy looks to be stabilising momentarily, trading the trend upwards to key resistance level of 26000 before expecting a drop down to potentially obey the channel trend.
If we get a break through of 26000 then w e can expect to see a bullish rally up towards 26500 which is a key level...
down trend establish H.Land L.L created
Price made a low and pulled back to fib 0.618 in distance zone.
Green zone is a liquidity zone where price goes to trap orders in,
Sell limit place for possible wickoff entry.
Intraday trade only going for40 pips
Higher prices have been rejected on the daily, 4 hour & hourly chart. Massive bearish engulfing candle on the daily and also on the 4 hour, due to trump having a major impact on the movement of the market we had a major rally up towards the top of the channel but as you can see the channel trend was still respected and because of that along with my multiple...