XRP is going through high volitility. Bearish momentum has pushed more short positions. Expected to hit 2 zones below before the start of an uptrend into 2024
BNB has had a strong Bearish pennant formation on the daily and 4hr candles. Price is expected to pull down to either 2 zones of 187 & 118 respectively. Monthly support zones is market at 187 where price had strong bullish upside momentum. Expected to further be in a sideways market trending until 2024.
We need a greater accelerating channel for possible upwards move. buyers likely to buy at 62000 level corresponding to Fib Retracement of 0.5. Price might create a fast impulsive bear move before breaking monthly high of 65500. Good R:R ratio. Good Luck!
Downward trend formation on D1 & H4. Doji D1 Candle confimration made. We are no longer looking for further upside movement, only downside now. Take sell opportunities on downward retracements if not entered before. Will Update later.
D1 candles Supporting Bullish Trend Pattern. CAD to regain bulish momemtum with release of following; 1) Retail Sales (MoM) 2) BofC Consumer Price Index Core (YoY) 3) Consumer Price Index (MoM)
This is a perfect opportunity for long trade set ups for short. 4hr candles now starting to support a downward trend to meet "Year 2018 (5) trend line". This is great for long term week traders.
CAD NEWS release BoC Governor Poloz Speech next 2 hrs. High Volatility Expected and bearish candle up to 1.33250 and continuation of new trend downwards. pullabck to new support zone at 1.3260.