Hi all Good day! In my previous post , I described about Ripple Long Term Bull Run. In this post, I will explain the short term price action on observing a famous chart pattern called "Inverse Head & Shoulders Pattern" which is a bullish pattern. As you can see in the chart, the head and shoulders top is used to predict reversals in downtrends. This pattern is...
Technical analysis: . Stellar/Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . Stellar/BinanceCoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01960 to 0.01570). if so, traders can set orders based on Price...
Technical analysis: . STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 49. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . STELLAR/TetherUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility...
A trading opportunity to buy in STRUSD Technical analysis: . STELLAR/DOLLAR is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. . The RSI and the price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased. ...
Technical analysis: . STELLAR/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 36. . While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of...
STELLAR/BITCOIN New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (0.000037), if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price...
STELLAR/DOLLAR New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (0.31) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes...
In spite of the current sell-off which the digital coins faced, the experts are still very positive about cryptocurrencies and they told CNBC that cryptocurrencies can rise higher than the previous year and could even go beyond a trillion-dollar mark in terms of value.