https://www.tradingview.com/x/zGwPugGb/ Hello,Traders! GBP-JPY is about to retest A horizontal support level Of 192.143 and as the Pair is locally oversold A local bullish correction Is to be expected Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
#MYRIA The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards We have a trend to stabilize above the moving average 100 again We have a descending trend on the RSI indicator that supports the rise by breaking it upwards We have a support area at the lower limit of the channel at a price of 0.001700 Entry price 0.001788 First target 0.001877 Second target 0.001991 Third target 0.002117
Market should be getting back to normal this coming week/ Heres a trade idea based on 4 hour time frame and key levels of both support and resistance. My plan is to sell gold down to previous resistance level and then on rejection to buy it back up to 2720 level for 132 pips on the sell and 445 pips on the buy. Entry criteria is as usual wait for levels , secure profit on the way in case of retest of previous levels. Last weeks trade ran over 400 pips . use caution and respect the levels dont overleverage. This is not finincial advice mearly my thoughts on market movements/
On the flip side of VARA we have this correlated asset which is + about 20% above VARA, thus there is a very high likelihood that VARA will pump should Polygon break as I predict in this diagram. There are several correlated assets that are entering into a bullish squeeze this morning, seemingly one after another. VARA has already broken out to around 10% in this regard I suspect MATIC will do the same and it will feed VARA momentum.
TLDR It's all about PRESSURE & TIME :) MOASS Peak: 06/09
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Price is in range moving sideways, Although the speed of the price is not good enough, I belive it will break up the range and look for the highs in the red zone. It may take a few more days but we'll wait for it.
Market Structure: Ranging. Key Levels: -Weekly High: 102811.3 -Weekly Resistance: 98405.1 -Weekly Low: 91914.31 -Weekly Support: 93500.20 From the data above we can see that Bitcoin has been trading within the price range of 102811.3k and 91900k levels. Looking at such a price action, this is not very good for Bitcoin. But if we look closely at the price action we can see that Bitcoin has taken out December low which is quite interesting as we can see a push to the upside. Though this is not enough reasons for us to start looking for buy opportunities, but we should stay inline with what the market is telling us. Technically if we look at some of the technical indicators like the MACD and the Moving Averages, the weekly MACD is reducing momentum to the downside which is not good for Bitcoin as we should expect some more Bearish movement for Bitcoin, also if we looking at the Moving Averages 50/100, the 50MA is at the 69276k price levels and the 100MA is at the 50161k price levels respectfully. All this information are not very good for Bitcoin as we should be expecting a drop in price of Bitcoin. If we should go further looking at the CME Bitcoin chart link below https://www.tradingdigits.io/cmeGap We can see that there is a gap between the 85k and the 75k levels which is very concerning for Bitcoin. Also we should not forget there are some high impact economic events coming up next week as you can see from the link below. https://www.forexfactory.com/ .. This is not a Financial Advice so please do your own research. Thank you for reading. SAFE TRADING TO EVERYONE. PLEASE DON'T FORGET TO #FOLLOW MY PAGE #BOOST #LIKE AND SHARE.
See chart notes; as you can see this asset broke out of the squeeze with a spike downward, statistically speaking, this should reverse leading to upward movement. However, statistics do not always predict so the price could of course go down.
This is the only coin I am holding that is now on the green. The break off the bull flag almost faked out, but it's now back up so there are reasons to believe a move upwards is imminent. I don't see volume/volatility contraction but I see momentum about to release. As Crypto has been in "trap mode" since the election, no one knows. You are being manipulated, rest assured. I am still long though.