BCHUSD: possible long scenarioIn my previous post i was wondering whether BCHUSD going to go up.
Now BCHUSD price is testing the downtrend line formed since July 2019, if today the price closes above the line it seems reasonable to join bulls.
The target can be around 384 price or 61,8 Fibonacci retracement level, while setting stop below 218 is decent from R:R (4:1) prospective.
BCH annual yield: 3,7657%
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XAGUSD: possible short scenario, going to get better price?Are we going to get better price to join bears? It seems the market has turned into risk-on mode, so the prices of such instruments as gold, silver and japanese yen are weakening against US dollar.
Let's try to realize silver, selling it now doesn't provide as good R:R as if from the 17.9-18.2 price zone. Take profit level could be around 17.2.
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The CLEAREST chart in historyDUSK/BTC's upward movement is at halt as the price enters the 1.25 standard deviation of the 50 4H SMA Bollinger Band. A confirmation is most likely inbound (price tagging the band from the inside).
The price is headed to two main levels:
50 SMA - also the 0.5 Fibonnaci Retracement
200 SMA - also the 0.618 Fibonnaci Retracement
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis.
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