UnknownUnicorn1249598

UnknownUnicorn1249598

Buildup on short-term Support & Trendline. Rejection of higher price in the last 4 candles. Short the Breakout of the red Support or Wait for the first Pullback. Sky has never been the Limit The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.

UnknownUnicorn1249598

As you can see from the chart, the big Bearish Candle caused the breakout of both the Bullish Trendline & the long-term Strong Support Area. Bearish Volume is high but the RSI is almost oversold . At this point a new Bearish Parallel Channel can be created. But can this new channel sustain a new downtrend? I don't think so. Currently the bears aren't...

UnknownUnicorn1249598

Crude Oil is bouncing between the Support and the Resistance of this Bullish Parallel Channel . Now we are also retesting the long-term support level. Bullish Volume is strong and the RSI is in the range. It's an Interesting Area! In this case three things can happen. Bounce higher, the Target would be the long-term Resistance Zone Break Down the Current...

UnknownUnicorn1249598

Ethereum and the majority of Altcoins are getting closer and closer to a long-term Strong Support Level . Volume is increasing meaning that people are taking action. Above the Support there is also the long-term Bullish Trendline . The RSI is getting oversold. Yes, that's a very Interesting Area! Pay close attention to what price will do the next days, the...

UnknownUnicorn1249598

Here we are again, pretty much the same situation as the previous analysis (May 22). As whe have said before, Bitcoin Cash is falling together with all the crypto market. The famous "golden ratio" is gone and now we are testing the 0.786 Fibonacci Retracement level. Price is also testing our Strong Support Area where it bounced weakly two weeks ago. Another...

UnknownUnicorn1249598

On May 18, in our first Bitcoin Analysis, we identified Three main Bullish Inversion Spots (yellow circles). In both the previous areas, the price did a weak bounce before breaking down the zone. In that same Analysis we talked about the Final Phase of the long-term Triangle Pattern ; we said that the Breakout was close and that it was only confirmed by a...

UnknownUnicorn1249598

After a pretty strong Bounce on our Second Interesting Spot, yesterday, Bitcoin rejected the long-term Strong Resistance Area . The Bearish Movement isn't actually that Strong and Volume is in the range. After the breakdown of the short-term previous Support (red area -> now Resistance) and the short-term Bullish Trendline (Blue line), it seems ready to also ...

UnknownUnicorn1249598

Bitcoin is near the long-term Bullish Trendline that may act as a Bounce Spot. That area is the Second Interesting Spot that we identified more than a week ago. The first support (red area) became Resistance after the breakout. RSI is also getting Oversold and, as you can see from the chart, the lower band acted as a Strong Support before . Remember that one...

UnknownUnicorn1249598 Updated 

The Euro is getting weaker after the big rally of over 20% that finished one month ago, after a perfect distribution phase. The Bearish movement is still very strong and the price is getting closer and closer to a Strong long-term Support . Pay close attention to what price will do the next days, big opportunities will be created around this area! Sky is...

UnknownUnicorn1249598 Updated 

After the strong Rally of April, the price is now falling together with all the crypto market. Some days ago price bounced right on the 200 EMA and now we are ready for another retest . Another thing to consider is the 0.618 which is considered as "the golden ratio" . Bullish volume is also slowly taking control over the market. Both the 200 EMA and the 0.618...

UnknownUnicorn1249598 Updated 

At the moment Gold is right on a Strong Support Level and the long-term Bullish Trendline. Bearish volume is very high but those two levels can offer a perfect bouncing spot. As you can see, a doji candle is already creating! Pay close attention to what price will do the next days and always use volume to confirm every single move! Don't buy until you don't...

UnknownUnicorn1249598 Updated 

Silver has slowly created a long-term Symmetrical Triangle Pattern. There is also a Strong Support that already did his job many times, so there's no doubt that it will continue doing it even after the Triangle Breakout will arrive. But now there's a even more important pattern doing very well ; the Rectangle is actually stronger than the Triangle and this...

UnknownUnicorn1249598

As you can see from the chart, at the moment, Tesla is bouncing between a support and a resistance level. The Bullish Trendline is also playing a key role. Last earnings release was stunning with a surprise of over 40% . Fundamentals are definitely bullish and price action just did a sideways correction. Everything seems ready for a new strong uptrend that...

UnknownUnicorn1249598 Updated 

Bitcoin's price is bouncing between two trendlines that are creating a Symmetrical Triangle Pattern. A perfect accumulation pattern! There are three main spots (yellow circles) where the price may bounce and invert into a new uptrend. The pattern is in its final phase and the breakout is close. The bullish breakout will easily skyrocket the price nearby 2017...

UnknownUnicorn1249598 Updated 

The price is bouncing between the support and the resistance of this mid-term bearish parallel channel. We are near a strong long-term support , ready to be tested. Remember that a trend is more likely to continue than reverse. Don't buy until you don't see clear bullish signals! Reversal Anticipation can be very painful. What do you need to see before taking...

UnknownUnicorn1249598 Updated 

As you can see from the chart, price just bounced near a long-term support. Now we can draw a new bullish parallel channel using the new low and the previous highs. But can this new bullish trendline sustain a new upward move? Currently it cannot! The bounce has been weak and bullish volume is drying up. This move can only be defined as a correction of the...

UnknownUnicorn1249598

Tesla is about to retest a Strong long-term Support, right above the long-term Bullish Trendline (that has already been rejected one month ago). Bearish volume is small compared to the bullish and those two levels may be a perfect bounce point . Pay close attention to what price will do the next days. As you can see from the chart, there is also a mid-term...

UnknownUnicorn1249598

The price is bouncing between the support and the resistance of this mid-term bullish parallel channel. The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.