A break out of a consolidation that’s been going on for weeks. Will def. Send price higher.
Bearish sentiment for NJ with H4 bearish pin bar may see this roll over quickly.
The USDJPY markets has seen heavy flow of price to the up side and is still in tune for more of the same as the Japanese ¥en continues to decline.
Bearish chart pattern + reversal candle stick patterns
Reversal chart patterns after correction of price rally to continue the trend now.
A lower high (bearish structure) came in at $9725.00 giving more reaction to the $10k roof. It’s likely that #BTCUSD will rollover if it loses the support it’s currently sitting on.
The dollar correction has made a high and is set for loss since being sustained at the $97 technical price level.
Gold is gradually rising on what technically seems to be a BULLISH GOLD scenario.
Following the fading of the bearish move on this pair, we can see it rally to new highs in the near term.
Following the rejection of price from the $10k technical price resistance level, the coin is now looking for some support. Which in my view, may be as low wan previous lows.
In a couple of days we will see the dollar decline as all price action signals in the past couple days has shown weakness in the **strength** of the dollar.
ETH losing steam now and the markets needs a relief at this point. The long term view though is still very much bullish.
This has bottomed out and we can see clearly that the trend is reversed.
According to the technical levels and chart patterns formed on the DXY is now showing signs of bullishness.
Amidst the mishaps in #china which is shedding off the economy, a lot of investors have shifted their focus into the crypto space. Here we have a great opportunity to buy crypto with all the optimism and technical analysis shows buying signals also. We might just be in for a throwback wave.
Following a weekly bullish engulfing candle stick pattern, price has jumped and we can see what seem to be an ascending channel we shall watch for further development on this as the bias remains bullish in the near term.