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GOLD: More liquidity for the NEXT MOVE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Lower timeframe: During the last few weeks, we forecast a potential bullish move, considering the overall price action in HTF and enough confluences in LTF. Eventually, the price was not able to break the main structure to the upside, why? Simply the answer is: “ the market is not ready for that”, more liquidity, more development is needed and patience is the key in order to succeed. When, where and why would we step into the market? Currently, the price is moving bearish, and possibly it could reach the same area where a big bullish impulse happened recently. We will be studying the reaction of the price around that level and eventually re-enter the market if any condition is satisfied. Any breakout to the downside with further bearish continuation will invalidate the analysis and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
20
MANAUSDT TECHNICAL ANALYSIS Decentraland barely not sinking The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering. What our chart telling us? Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor @EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us. Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart. Let’s follow up our chart closely and don’t forget to follow me. “NFA”
by ABSTOCKER
XRP - Ripple without doubts STRONG Move UP! Could above 0.3440$!Analysis for next week January 6 — 10, 2020 - Ripple - XRP/USD end the trading week at 0.19102 and continue to move within the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1405 (exactly if will break the strong support area 0.1746). Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3445 as part of the development of the bullish «Wolfe Wave» model. Hints are a lot so we can say this is a new chapter of New Market-Cycle, without doubts. As soon with all Top Crypto with BTC strong Dominance - 68.20% increased with + 0.06% from yesterday test near strong supports. - In favor of the growth of XRP/USD quotes in the current trading week from January 6 to 10, 2020 , a test of the support line on the relative strength index (RSI) will come out. The second signal will be the completion of the formation of the bull model «Wolfe Wave» . Analysis January 6 — 10, 2020 suggests an attempt to test the support level near the 0.1405 area. Where can we expect continued growth of quotations with a potential target at the level of 0.3445 . An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI). - Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :) You can motivate us to post more analysis cryptocurrency charts! Thank you! ,) Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
BITSTAMP:XRPUSDLong
by UnknownUnicorn5699044
2
Bullish play is still on 📊Let see where it wanna go Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark. remember we are in the bear market even thu some are still technical to the upside ( like CRO ) But it all depends on how the market will react. If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to the 0,20 mark ( biggest CRO support ) and that means we are in a bear market with CRO aswell. Lets find out where is gonna go to in the next couple of mouths ( stay alert to the overall market aswell since they are in charge atm )
by SimpleinvestMarttin
TRIPLE TOP PATTERN. Tips on how to trade it 📚 🟢The triple top is a very powerful reversal pattern. Visually, it represents three consecutive peaks approximately equal in height. Formally, it can be considered as a special case of the head and shoulders formation, whose head height is approximately equal to the shoulders. Moreover, the differences between them are purely academic, since, from a practical point of view, both of them indicate a change in the uptrend to a downtrend. ✅The pattern reflects three consecutive unsuccessful attempts to break through a certain resistance level. At the same time, each subsequent unsuccessful attempt indicates a weakening of the bulls and increases the likelihood of a future reversal. ❗️To correctly identify the pattern, the analyst should pay attention to the following conditions. 1️⃣The formation of a triple top should be preceded by a solid upward (bullish) trend, which should last at least a month, and preferably several months. 2️⃣Three consecutive tops must be clearly expressed and be approximately the same height. Through their maxima, the upper resistance level is built. The maxima should differ from each other by no more than 1-2%. 3️⃣ The lower support level is built through the minimum of the retracement after the first and second peaks depending on which of them will be lower. 4️⃣ As the triple top forms, there should be a gradual decline in trade volumes. At the same time, a local increase in trading volumes in the area of a top formation is considered acceptable. This is a confirmation of the gradual weakening of bull pressure on the market and a sign of an approaching trend reversal. 5️⃣ The triple top gives its final confirmation only after breaking through the lower support level after the formation of the third top. The breakout should be accompanied by a significant increase in trading volumes, and the appearance of price gaps on the chart is also desirable. After breaking through, the support level becomes the resistance level, in the area in which subsequent corrective price movements are possible. 6️⃣ To determine the goal of the price movement, it is necessary to measure the distance between the lower support level and the maximum point of the triple top. Then this distance should be projected from a broken support level to the downside. 7️⃣ The reliability of the patterns directly depends on the duration of the period during which it was formed. It should be at least several months. ⚠️In technical analysis, the triple top is one of the most difficult to recognize and "insidious" figures for an investor. Until the third top is formed, this figure looks like a classic double top. Also, three consecutive peaks of approximately equal height are characteristic of the ascending triangle and rectangle patterns, which are trend continuation formations. Thus, the final confirmation of the triple top is received only after a consequent breakout of the lower support level, which should be accompanied by a sharp increase in trading volumes. Do you trade triple top?🤔 ❤️ Please, support our work with like & comment! ❤️
Education
by SignalProvider
9