2021 February
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GOLD Is the selling over?
- February 26, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
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Today Gold hit the June 19, 2020 low after a very aggressive 2-day selling sequence. The dominant pattern since the August Highs (All Time Highs to be more exact), is a Channel Down and to better illustrate it I have used the Fibonacci Channel. As you see most of the price action since the
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DOLLAR INDEX Will history repeat itself?
- February 25, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Not much of an analysis, more of a post to debate and food for thought. As you see the current price action on the 1W time-frame since January appears to be forming a bottom similar to that of January – March 2018. The similarities are that both Bottoms came after a 1D Death Cross
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EURUSD Buy Signal
- February 17, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Channel Up on 4H. Signal: Buy as the 4H RSI hit its multi-month Buy Zone and the price itself the 0.618 Fibonacci retracement level, similar to the October 15 fractal. Target: 1.2200 (the -0.236 extension as with the October 15 fractal). ** Please support this idea with your likes and comments, it is
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XMRUSD Time for accumulation
- February 15, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Pattern: Bullish Megaphone on 1D. Signal: Buy on the MA50 as the RSI got rejected while the price hit the top of the Megaphone. Target: 400.000 which is the top of the Megaphone and just below the 2.382 Fibonacci Channel extension. ** Please support this idea with your likes and comments, it is the
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XTZUSD Expecting strong 3-month leg to $9.00
- February 15, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Pattern: Fibonacci Channel on 1D. Signal: Buy as the formation of a 1D Golden Cross has been since 2019 the signal of further upside continuation. Has many similarities with the December 2019 Golden Cross. Target: 9.000 (contact on the 1.00 Fibonacci as well as the 1.618 Fib extension from the former High). Most recent Tezos
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DOGEUSD Cyclical target 0.600 but correction first
- February 11, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
DOGE has been the talk of the week because of its huge prior rise, mainly assisted by Elon Musk’s tweets. Even though the future looks bright for this coin, there are indicators on the 1W time-frame that point out to a correction first. As you see on the chart, I’ve drawn its historic performance
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EURUSD Channel Up emerging
- February 9, 2021
- Posted by: Tradingshot Articles
- Category: Forex
Pattern: Emerging Channel Up on 4H, so far the January-February price action resembles that of September-October 2020. Both legs within a larger/ longer term Channel Up (see chart at the end). Signal: Buy on the 4H MA50 if the price gets rejected on the 4H MA200. Target: 1.21700 (just below the 1st Resistance). The
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WTI OIL First buyers on the 4H MA50
- February 9, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Channel Up and Bullish Megaphone on 4H. Signal: Bullish once the price makes contact with the 4H MA50 (strong buy accumulation level since November). Target: 60.00 (top of the Channel Up), if seeking more risk aim at 62.50 (top of the Megaphone and 2.0 Fibonacci extension, which indicates the Higher High since November).
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BITCOIN Possibly the last confirmation before 50k
- February 7, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a sub-reference that I’ve posted on my previous Bitcoin study, but I will go into slightly more detail today due to the popular demand I’ve been receiving with your messages. This weekend BTC broke above the Lower Highs Zone but got rejected exactly at the top of the emerging Channel Up. The
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LINKUSD Buy Signal
- February 4, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Pattern: Channel Up on 1D. Signal: Buy as the current consolidation is a Bullish Flag resembling the late July 2020 fractal. Target: 60.000 (just below the 2.0 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** ——————————————————————————————————– !!
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