I have developed on my last post for BTGUSD Using these curved trendlines we can justify a support from a prior resistance (middle curved line) After this point is reached expect a massive breakout of this big structure (both a falling wedge and symmetrical triangle at the same time) The white line is an assumption of where this indicator will go once the breakout...
BTG has formed a symmetrical bowl, the bullish wave is quite sharp.
Technical analysis: . BitcoinGold/USDollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility...
Technical analysis: . BitcoinGold/USDollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility...
Technical analysis: . BITCOINGOLD/DOLLAR is in a downtrend but the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have...
Technical analysis: . BITCOINGOLD/DOLLAR is in a downtrend but the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have...
Technical analysis: . BITCOINGOLD/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: Price is in the support zone (55 to 38), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. ....
Technical analysis: . BITCOINGOLD/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: Price is in the support zone (55 to 38), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. ....