moon333

Hi, friends hope you are well and welcome to the new update on gold prices. As gold has reached the highest price level in its history therefore in today's article we will try to understand whether the price action will grow more it will be crashed. If we take a look in the past then the gold reached the highest price ever in its history back in 2011. If we take a closer look at the weekly chart. Then at that time, the price action of gold formed an up channel that was started in September 200. Finally, in August 2011 the price action broke out the resistance of the up-channel in the meanwhile it also reached the highest price ever in its history. Then priceline re-tested the previous resistance of the channel as support but could not retain this support and re-entered in the channel. Then the price action broke down the support of the channel and re-tested the previous support as resistance but could not re-enter in the channel again and moved more down and never returned.   The c...

Hey friend hope you are well and welcome to the new update on Bitcoin. In my previous post we have seen the Bitcoin formed a bullish cypher pattern and started a powerful bullish move from the potential reversal zone of the cypher and reached even beyond $11,000 levels. Before execution: Click here to watch this old article on tradingview   The wedge has been broken out: The price action of the leading cryptocurrency was moving in a wedge since the first week of May 2020. After reaching the support on 27 June the priceline moved up to the resistance. In the meanwhile, we have received two significant bullish signals by the moon phases indicator and the volume profile as well. The new full moon was appeared at high altitude above the resistance of the wedge. That was a clear signal that the price action of BTC can reach up to this level. The volume profile was showing a very weak interest of the traders even above the support of this wedge pattern. The point of control of the volume...

Hi, friends hope you are well and welcome to the new update on Ethereum coin. As we have already seen that on the long-term weekly chart the Ethereum was moving in a descending triangle and now finally the price action has crossed up the resistance of this triangle. The current weekly candlestick was started on 27 July. Once the candlestick will be completely closed above this resistance then we will be confirmed that finally, the price action has broken out the resistance successfully. And if we watch the different indicators then Moving average convergence divergence (MACD) indicator was turning bearish but now it is turned strong bullish. The stochastic gave the bear cross after entering the overbought zone and finally, we also have received a bullish signal by the stochastic as well. In the meanwhile by the momentum indicator was ignoring the bearish signals of MACD and stochastic and it was continuously bullish. Finally, the stochastic and MACD followed the bullish signals of mome...

Hi guys and gals hope you are doing good and welcome to the new update on Stellar coin. The price action of Lumens is moving within an up-channel since March 2020 on a daily chart. On the 19th of June, the price action broke down the channel’s support, and while re-testing the previous support of channel as resistance the price action re-entered in the channel and even moved up to the resistance. If we watch the moon phases indicator then the previous dark moon appeared below the support of this channel at a very big distance. Therefore the price line reached up to that level and broke down the support. Now the new full moon has appeared above the resistance of the channel that is a positive signal that the protection can reach up to this level. Now if we take a look at the directional movement indicator then a positive directional indicator (the blue line) is above the negative directional indicator (the orange line) and the ADX (The red line) is up with the powerful value of 43. At t...

Hi, friends hope you are well, here I have found another profit potential trading idea for you, and this time I have found a harmonic move by Stratis. The Priceline of STRAT is forming bullish Shark patterns with Bitcoin pair and also in the US Dollar market as well and soon it will be entered in potential reversal zone for next bullish rally soon.       Stratis (STRAT) with US Dollar pair Shark formation: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) can be retraced between 0.886 to 1.13 Fibonacci for the completion of the final leg of bullish Shark. Then we can expect bullish divergence that will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of C to D leg then it can also...

Hi, friends hope you are well and welcome to the new update on Bitcoin. As in my previous posts, I've been sharing the different harmonic moves of Bitcoin’s price action and I've been telling you that the Bitcoin will be moved up from the potential reversal zones of these harmonic patterns. Last time I shared an expected bullish Cypher pattern with you. Because at that time the final leg of Cypher was not finalized but as all legs were driven perfectly as required for the bullish Cypher pattern, therefore, I predicted that the priceline of BTC will be moved more as per the Fibonacci sequence of Cypher and it will take another bullish divergence from the potential reversal zone of this harmonic pattern and it can hit the $10,000 resistance level. The last cypher before execution: Click here to visit this old article on tradingview The last cypher after execution:   The wedge has been broken out: Since the first week of May 2020, the price action of Bitcoin was moving in a wedge ...