Daily bearish divergence My opinion is that it is time for a fib retracement I expect the pair to drop to somewhere between 0.0387-0.0327 before the moon shot MACD MA crossover is about to happen on daily
USD/MXN had quite a drop. I believe that it will bounce off of this long term resistance, and retrace to at least 19.512 (0.236 fib retracement) - before falling further. Hidden Bullish divergence on 4 hour
Oversold on daily Bounced off the bottom of the bullish flag Fib resistance at 114 If we break that resistance, we will head towards the supply zone or at least challenge the fib resistance at 115.6 and 120.13 before heading back down.
Short and TP at 0.0115 After that I will look to get long on ETC/BTC for the long term
It seems like we have a rising wedge as well as a bullish flag Breakout of the bullish flag is a good buy signal We may face major resistance in the supply zone, but if we make it through it may be possible to make a new ATH and possibly challenge the 1.618 fib before breaking out of the rising wedge.
Bearish Divergence on 4 hour MACD MA Crossover on 3 hour, soon to cross over on 4 hour We have hit a new ATH -2.98% (not counting the highs made during the first few days ETH was listed). We also had record volume today, and it is unlikely that volume can sustain these levels. If we can close candles on a long time frame below the upward channel, the sell...
BTC can easily climb to 1778.18 as long as it remains in the channel, and pushes through the most recent supply zone
Look for the break at the bottom of the rising wedge as a good sell signal. If we break the bottom of the wedge, my TP is 1.321 (0.382 fib retracement)
Look for a break at the top of the falling wedge as a good buy signal. We could easily continue to fall to the bottom of the long term channel before a reversal.
Here is the bullish ABCD pattern with 1.618 CD vs my other chart with 1.272 CD I will TP at 1.036 on my short, if it reaches. Will be tightening SL around 1.044 as that is the price of 1.272 CD
It could not break the bottom of the rising wedge TP 1.017
Watch for the break of the rising wedge We could easily hit 0.976 (previous support) or even 0.957 (0.236 daily fib)
I expect this pair to complete the bullish ABCD pattern, will plan to close my short around D if possible, before opening a new long.
Inverse head and shoulders Break out of bull flag TP 3.94 MACD MA crossover
I believe that USD/MXN is still in a bullish long term trend Bullish Divergence on 4 hour MACD MA crossover on 4 hour TP 21.5-23.62939 My entry was 19.48-19.49. Entry below 19.55 is preferred Wave 5 of the upward move will either complete or be truncated After the wall, queue the fall :)
Monthly bearish divergence 2 hour MACD ma crossover (most likely soon to happen on 4 hour) TP1 7.952 (0.618 fib drawn on weekly) TP2 7.377 (0.5 fib drawn on weekly)
Bearish bat setup Weekly bearish divergence TP 1.31258 (0.382 fib retracement) 4 hour MACD MA crossover