Showing posts with label Crude. Show all posts
Showing posts with label Crude. Show all posts

Monday, May 30, 2022

Sunday Notes, May 29


As I wrote in previous post: "Based on the structure of the upward correction from recent lows, I suspect larger correction is not over and we can expect possible breaks below recent bottoms both in BTC and ETH".

Unfortunately that turned to be right (at least with ETH). 
ETH failed to stay above previous low and is more likely to continue down to mentioned lower level targets 1,453/57 and below that to 1,050<>874.

BTC for the moment is still above it's recent low 26,591 but as I said before I'm not impressed with the structure of the move from that low onward. It looks more of a correction than to a reversal, so it's more probable to expect continuation down. A break below 26,591 to confirm that that will open targets at 25931<>24,588 below that to 14,835.
On the flip side "Break above first 52,773 and then 59,891 is the first indication of a possible continuation of the uptrend to new time highs, but just after a break above 68, 958 will be a confirmation".

GOLD
Gold down to 1,663 to possibly 1,405.

CRUDE
down to min 90.55 below that 76.56<>62.57
Break above 135.84 to confirm up to 168. 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Saturday, February 26, 2022

Sunday Notes

Crude Oil
Crude is in correction down to first 84.65 and then 71.80 before it continues up above 147.

ETH
As I wrote previously ETH is in a bigger correction down to most probably 1,863<>1,633 and the moment is to finish second leg in the zone of 3,434/3,513/3,832.

BTC
The move is to finish second leg of the correction in the zone of 47,387/50,913/55,397 to continue down to the zone of 29,221<>26,393.

In my focus
Cardano and Solana are in my focus.
if ADA stays above 0.68 and breaks above 1.35<>1.37 it could be a good indication for possible break above all time high at 3.101

SOL is something to consider seriously but it should stay above 56.115 to justify and only a break above first 220 and than 260 to confirm.
  
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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022