Ethereum (ETH) is currently carving its path within a significant ascending triangle, a pattern that often signals powerful price movements. However, recent developments suggest a breakthrough, warranting a closer look at the potential implications for traders and investors. Chart Analysis: Breaking Boundaries Ascending Triangle Overview: ETH's journey has been...
USDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area. Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL...
The pair has been chopping around in a channel for a few weeks. The current short opportunity is the best that we'll have for this pair - very high reward to risk ratio. We will not know for sure there it will go but having a high R/R will ensure profitability in the long run. ** Remember, we do not predict future price. We simply react to current price movements...