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BRENT On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. Hence, we should expect a test of 3/8 (84.38), a breakaway of it, and falling to the support level of 2/8 (81.25). The scenario can be cancelled by […]
Type: Bullish Continuation Key Levels:Resistance:1.06680Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.06680 where the […]
Type: Bullish Continuation Key Levels:Resistance:2577Pivot:2422Support:2500 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 2577, where the previous high is. Alternative Scenario:Price […]
The BTC was heading for 17,150 USD but failed to break through the intermediate resistance level of 17,200 USD. Now the leading cryptocurrency is correcting moderately with a probable goal at 16,885 USD. There is still a chance it will return to attack 17,200 USD, from where a pathway to 18,500 USD will open. These […]
EURUSD, “Euro vs US Dollar” The currency pair has broken through 1.0475 upwards and continues growth to 1.0555. Upon reaching this level, a link of correction to 1.0430 is not excluded, followed by growth to 1.0590. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of growth at 1.2306. Today […]
Weaker USD Boosts ETH With USD on the backfoot following dovish comments from Fed’s Powell yesterday, risk assets have seen a wave of demand. Better risk appetite has even found its way into the ailing crypto market. Digital assets have been rocked by a slew of negative publicity over recent months which has further dampened […]