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Emaresistance

BTC market update 22.01 - bullish descending triangle ?Hello guys, We are seeing a slight reversal in the BTCUSD trend since we touched $28,800 during the Asian session. All eyes on the $32,000 horizontal level - previous support on the daily timeframe, now could be te turned into resistance in combination with the 4-hour chart 200-day EMA. If surpassed, then this will open the door for recovering to the $34,800 -$35,000 area. Down, at $30,750 we see the lowest candle close on the 4-h chart, which should now act as a support. In the meantime, it is worth noting that there is a reversed descending triangle bullish pattern on the lower timeframes that might result in a continuation of the uptrend. Stay safe, Best Regards
BITSTAMP:BTCUSDLong
by FutureBlockchain
1
GBPJPY Short: TCT + Bat + Gartley + EMA100GBPJPY is nearing the PRZ of two bearish harmonic patterns. The PRZ is tight at about 4 pips and falls in a nice S/R zone. EMA100 may also add resistance in this area. There has also been a slight bearish trend preceding the patterns to add to the bearish bias. Entry is placed at the base of the PRZ with SL above structure highs and target at .618AD. Confluence in the PRZ: Bearish Bat Bearish Gartley EMA100 Resistance Structural Resistance TCT
Short
by glennmercer