Shayannv

Shayannv

I think everything is crystal clear! EURUSD is showing the exact opposite potential move. For more info, take look at the idea below: Thanks for your attention ;)

Shayannv

As you can observe, the downtrend is showing weakness. We are approaching a significant support level in a falling wedge pattern, which is a reversal pattern. You can see the inverse pattern (rising wedge) on the INDEX:DXY daily chart. So I expect a bullish reversal from this area. The safest entry would be after the first correction/confirmation on the lower...

Shayannv

As you can witness, We broke out of the daily ascending structure with momentum. Given that we are on a massive resistance area right now, this could be a mid-term bearish reversal (pay attention to RSI bearish divergence). However, considering that RSI is oversold right now, We may have a consolidation period for a couple of weeks (and a pullback to the broken...

Shayannv

This specific bar pattern has been forming a lot in recent corrections. Thanks for your attention!

Shayannv

First and second targets expected are shown on the chart. Thanks for your attention!

Shayannv

Starting from the daily timeframe, the price failed to reach the 2018 high and broke out from the smaller ascending channel so we can expect bearish movement in the upcoming weeks. Daily: Moving on to the 4H timeframe, the price has been correcting in a bearish flag pattern which may well be the first confirmation for the previous breakout. 4H: Finally,...

Shayannv

All the required explanations are demonstrated on the charts below. Also, keep an eye on the fundamentals and the economic calendar. Thanks for your attention :) 1D: 4H: 1H:

Shayannv

All the required technical explanations are written on the chart. Also considering the fundamental factors and the capital locked in DeFi, we could witness another DeFi boom and Chainlink is one of the best DeFi tokens for investment. Although, keep an eye on Bitcoin, DXY, and the upcoming monetary decisions by the Fed and Biden.