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GOLD - Bull Break | EMA Support | Key .618 Fibonacci Level Hello Traders! Today’s chart update will be on GOLD, which is testing a key Fibonacci level that must break for a bull trend continuation. Points to consider, - Trend bullish - Major resistance - .618 Fibonacci - Local support at $1367 - Stochastics projected up - RSI hitting resistance GOLD is in a bull market after breaking its key neckline on its long formed inverse head and shoulders. It has been putting in consecutive higher lows from lower levels when coming into the neckline. Major resistance, the .618 Fibonacci needs to break to keep a bullish bias; historic price action tells us that this is a staunched level for Gold. Local support is around $1367; Gold can retrace back and retest this level whilst still maintaining a bullish structure. The stochastics is currently projected up, still room for further upside momentum, no clear signs of topping out as of yet. RSI is hitting resistance, coming out of overbought territory; a retrace back to neutral levels is highly probable. Overall, in my opinion, Gold needs to break the .618 Fibonacci level to avoid a double top formation, otherwise a retest of the neck line is highly probable. What are your thoughts? Please leave a like and comment, And remember, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
TVC:GOLD
by AzizKhanZamani
What Im seeing on AUDSGD!Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be. On H4 im looking forward to pulling my trigger for a long "if" price does respects the pattern being played out. Till then all im doing is waiting as this is what im seeing. Remember that proper risk management is vital. Do well to follow, like and comment.
Long
by TrendlineGod
What im seeing on AUDJPY!Gooday traders! On the weekly timeframe price has been in a descending channel on the AussieYen pair. Lately, it has completed (or almost completed) its corrective wave of this 2 year old downtrend. Currently price is at my descending channel resistance. I'll be watching on D1 as well as H4 for a break and a retest. Already D1 is formed a bearish flag which is further confirmation for me. Eyes on H4 to sell at a better price "if" price does sell. Lets see how it does play out as this is what im seeing. Remember that proper risk management is crucial. Do well to follow, like and comment.
Short
by TrendlineGod
EURJPY Resistance BreakHi guys, here is my analysis about OANDA:EURJPY . At the moment the price is building up just under the resistance. It make price looks like ready to broke the resistance up. But if it wont happen? By my point of view, before the resistance break, the price can still retrace to the trendline and after go break the resistance. To recap I have got two setup: Long when the resistance get broken. Wait for a confirmation candle like a powerbar or wait for a retest. The take profit is at the resistance at 121.270 (you can use this setup also if the price retrace to the trendline before the break); Long when the price make a trend inversion candlestick pattern (doji, bullish engulfing) near the trendline. TP1 is at the resistance at 120.575 and TP2 is at the resistance at 121.270.
Long
by AndreaStimoli
Possible scenario, Why notVery hard to say anything mid term or even short term with whales market manipulation and the very uncertain bitcoin future at the moment. BTC gain in popularity but not so much on customer, much more on guys who want to make money. I think maybe we will need to master nuclear fusion before any crowd movement for BTC but BTC could die before, who know the impact of a China governmental cryptocurrencie. I have the feeling that every nations of this world will, sooner or later, create they own "crypto" and in one way or another try to kill transparency and decentralization while trying to say "We are crypto in a better way". The mass are easily manipulated, like bitcoin apparently. Anyways I want to believe in this sh*t. So i hold while we are not breaking 6,8k - 7,2k If i was a clever boy, I surely would put a buy order in this range. But I am a guy who hopes instead of acting smartly apparently.
by hijonik
13.11.2019 - Tron (TRX / USD)Hi Traders! Tron (TRX) comes from China and we will take a closer look at it as it has a very nice chart. So we continue to analyze Chinese coins. We chose TRX deliberately because it hasn't yet performed anything and the graph indicates that this could change . NEO has already made strong growth, BNB and XLM are also keeping up nicely. This whole group of coins is Chinese coins. Day chart We are currently on strong support and something like a round bottom is beginning to form. We estimate it's the fourth wave. On the chart, we can again see a beautiful channel that has been broken . Thanks to Elliot's waves theory we know that the third wave always breaks the channel. It is a wave that is regularly the longest, has the highest volume and breaks resistance and trendline. This scenario suits the current situation. The chart is currently rounding up and we've seen several positive news by Justin Sun (Tron CEO) on Twitter, along with many signals from foreign groups. Globally, the chart looks really good. Will Tron follow the growth of his Chinese colleagues? According to us, yes! May the crypto be with you!
BITFINEX:TRXUSDLong
by DolleroTechnology
11.10.2019 - Altcoin CapitalizationHi Traders! Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total capitalization and capitalization of altcoins is therefore only Bitcoin itself. What does the graph look like? A lot of people these days say that the altcoin season could come. What does it mean? This means that altcoins would grow faster than Bitcoin. The graph looks like this. We are currently in a channel with a target we have already achieved. However, this target is conservative. Whenever we reach the target, it is important to wait for the reaction. Bullish scenario The reaction came, but down. At the moment, it is absolutely essential that we do not break the channel downwards and keep the decline in the channel. If we can do that, further growth is possible. Bearish scenario This scenario is such that growth has indeed been completed and we will continue down. The previous forecast came out perfectly and there is nothing else left to do but wait for the market to offer. From the point of view of altcoin trading, this is an absolutely crucial situation and a key graph to follow. We are more in favor of the bearish scenario, and we are also a little worried that a number of altcoins will still go to their new low. To confirm growth, we need to cross the channel upwards. Until we break it, we are more bearish. May the crypto be with you!
CRYPTOCAP:TOTAL2
by DolleroTechnology
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