Category: Technial Analysis
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 […]
Bitcoin has tested the flag and jumped above the level of 17000. The price of Bitcoin might potentially pull back from a very important resistance at the level of 18500 and drop. Should Bitcoin manage to break the level of 18500 through, it might jump again. So, let’s observe what is about to happen next. […]
USDCHF, “US Dollar vs Swiss Franc” 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. Currently, we should expect a test of 1/8 (0.9399), a breakaway, and falling to 0/8 (0.9277). The scenario can be cancelled by rising […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, price may move towards the 4173.25 resistance level , which contains the 78.6% Fibonacci Fibonacci line. Alternative Scenario:Price could retest the pivot […]
Oil Traders Cut Longs Last Week The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts from around 273k contracts prior. The downward reduction reflects a renewed sense of caution in the market amidst news of fresh lockdowns in […]
EURUSD, “Euro vs US Dollar” The currency pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.0360 is expected, followed by growth to 1.0765. An additional signal confirming the growth will be […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair is going by the signal in a descending wave. The goal of the decline may be 1.3330; next thing, the price might break through the support level and extend the downtrend. However, […]