Day: May 11, 2023

TitleBTCUSD H4 | Bullish reversal off overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27153.13 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28762.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 26495.34. To discuss this […]

EURUSD, “Euro vs US Dollar” The currency pair completed a wave of decline to 1.0940. Today the market has performed a link of correction to 1.0976. A new structure of decline is expected to develop to 1.0933. This is a local target. After the price reaches this level, a correction to 1.0933 could develop, followed […]

EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, indicating an uptrend’s prevalence. The RSI has broken the resistance line. In this situation, the quotes are expected to break the level of 4/8 (1.0986) and reach the resistance level of 6/8 (1.1108). The scenario can be cancelled by a […]