XForceGlobal

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout. Technical Analysis - We have spotted a traditional reverse head and shoulders pattern on the 4H chart - This pattern has been supported...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Litecoin has been showing a very steady price move lately. In this analysis, we assess the technicals for Litecoin (LTC) and its bullish and bearish probabilities. Bullish Evidence - We have formed a parabolic support on the hourly chart - Prices initially created lower lows, until it transitioned into creating higher lows - The...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at the technicals demonstrated in the chart of Bitcoin Cash (BCHABC) Bullish Evidence - Previously, we have seen parabolic breakouts for Bitcoin Cash after consolidation phases - It could be said that we are currently consolidating within a downwards parallel trend - This could turn out to be a...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Bitcoin has shown a very slow and steady rise for the past few days. In this analysis, we take a look at Bitcoin's bullish and bearish evidence to assess the situation through technical analysis. Bullish Evidence - Despite the slight downfall after having created a local top recently, Bitcoin is still creating higher lows and looks...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Bitcoin has been consolidating on the hourly, after a bearish move down. In this analysis, we compare the fractals of Bitcoin's current hourly chart, compared to that of April 6, 2020 Analysis - We can first see that Bitcoin fails to break through the descending trend line resistance marked in the dotted white line - The bearish...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Binance Coin (BNB) is one of the most traded cryptocurrencies on Binance. In this analysis, we take a look at BNB's technicals to determine the probabilities for its next move. Bullish Evidence - We are trading in an ascending parallel channel on the daily, creating higher lows and higher highs - The Relative Strength Index (RSI)...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: Ethereum has been showing a slow and steady uptrend, creating higher lows and higher highs on the daily. In this analysis, we look at Ethereum (ETH)'s technicals to determine the bullish and bearish probabilities. Bullish Evidence - Prices have been creating a steady higher lows and higher highs on the daily - The ascending bullish...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we explore the bullish probabilities for Disney's case (DIS) based on its bullish consolidating technicals and strong fundamentals. Technicals - We see a textbook ascending triangle pattern, which is a bullish consolidation pattern - An ascending triangle pattern in a downtrend signals a potential bullish trend...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals. Technicals - We have seen a breakout from the bullish falling wedge pattern - After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom - The Relative Strength Index (RSI)...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA) Technicals - We see a text book reverse head and shoulders pattern - It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285 - Our all time high resistance sits at $315 - The Relative...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at the hourly fractals of Bitcoin's current chart, compared to that of March 23, 2020. Analsis - The fractals first start with a down trend (green zone) - This downtrend is followed by a huge bullish engulfing candle (yellow zone) - The Relative Strength Index (RSI) also shows a huge pop at this...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: In this analysis, we take a purely technical approach to the S&P 500 Index. Bullish Evidence - We see a bullish divergence, with higher lows on the price, and lower lows on the indicator - The Relative Strength Index (RSI) shows lower lows, as well the Moving Average Convergence Divergence (MACD) - We are also creating higher lows...

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X FORCE GLOBAL ANALYSIS: Gold has shown a corrective trend for the past few days, after creating a lower high. It has broken out of the descending parallel channel, but has not been able to fuel a bullish breakout. In this analysis, however, we look at a potential bullish bat pattern that we have spotted on the hourly chart for Gold. Bullish Evidence - The...

XForceGlobal Wizard

X FORCE GLOBAL ANALYSIS: BItcoin has been on a steady rise for the past few weeks. In this analysis, we assess both bullish and bearish probabilities for Bitcoin Bullish Evidence - We are currently trading within an ascending parallel channel, creating higher lows - The Relative Strength Index (RSI) also shows a steady uptrend with higher lows, which is a...

XForceGlobal Wizard

Bitcoin is currently trading in an immensely tight range, reaching our APEX in this triangle. It's extremely difficult to predict which way this will go; however, it's important to note a few key factors before taking a position. There is a slight bearish probability for Bitcoin for the short term, as we are currently being constantly rejected by our triangle,...

XForceGlobal Wizard Updated 

X FORCE CRYPTO ANALYSIS: After Bitcoin's massive bullish breakout, it seems as though we have resumed back to a bullish territory based on volume and percentage increase. This does not mean we will go straight up from here. Our technical analysis demonstrates that probabilities for a bearish case for the short term are higher just based on current data. Here's...

XForceGlobal Wizard

Bitcoin has once again bounced off the channel and made a new wick for the 4 hour time frame. Here is a current situational update for Bitcoin and we are currently witnessing Bitcoin pinballing between the .382 fib and the 200 Moving Average (MA). We believe that another move down would in fact be healthy, to at least the .618 fib level retracement at...

XForceGlobal Wizard

Bitcoin has rallied over 40%, and with that in mind, the market sentiment has turned extremely bullish . While that may be true, we should know by now that markets also do not move in straight lines. We must now remove all emotions from the market and focus back on the technicals, short term, mid term, and long term. Here, we will focus on the long term analysis,...