Using the Heiken Ashi candles, we can see a clear sign of trend reversal. Supported by the rejection from the downward trendline and the RSI recently moving out of the oversold region. Short trade opened.
GBPUSD LONG opportunity with stop loss set at 1.26245
The market has used this level since 1996 as a key support and resistance level. I would expect this to happen again backed up by bouncing off the 200-period EMA and returning from being overbought on the RSI. Very promising chance of a trend reversal. Looking for short positions.
Price has entered the area which was rejected in September 2015 and May 2016. Backed up with RSI showing the pair as overbought I expect a reverse in trend.
Price has reached its previous level in May 2016. I would expect the price to retrace to at least the 1.30 area.
Opportunity for a quick short trade. Low risk.
Waiting for breakout of the candle on Litecoin. Patiently waiting
Great opportunity for a short trade on this pair. Has reached monthly resistance level which perfectly aligns with the RSI signalling the pair weakening.
Good opportunity to short this pair to continue the long term downwards trend.
I think the pair will keep with the trend downwards after bouncing from the resistance line again
Wedge formed and I would expect this pair to continue with the pattern supported with the stochastic RSI showing oversold.
With the most likely direction being UP for most cryptocurrencies, I expect this candle to complete and head towards the $34 area and then to the $60 area.