DXY still finds itself on a strong weekly and monthly resistance, together with a trendline acting as resistance, so technically the advantage is with e bears, but I am looking for a clear break of a much strong weekly support at 91.81 and resistance at 93 for a better short or long position.
GBPUSD broke a strong weekly support, in which it may attempt to retest it. It is where we will be on the look out for entries to ride it down.
EURJPY broke a strong weekly support, in which it may attempt to retest it. It is where we will be on the look out for entries to ride it down.
NZDUSD broke a strong weekly support, in which it may attempt to retest it. It is where we will be on the look out for entries to ride it down.
Beginning of Q4 is all about BTC, even thou ETHEREUM will run with BTC. will this be any a different?
BITCOIN dominance is leading the cryptocurrency market. forming a W pattern which could bring insane gains on the right bet.
BITCOIN DOMINANCE is creating a inverted Head and Shoulders on a strong weekly and monthly support, which can bring strength to bitcoin against the majority of the Altcoins. This means that a lot of Capital will run to Bitcoin from the alts, which it doesn't necessarily means that bitcoin will gain value against the USD.
ALGORAND on a pretty good area for a stock up for the medium - long term. Red Horizontal ray = Monthly support/resistance. Blue horizontal ray = weekly suuport/resistance. Blue square = strong support/resistance zones.
ETHEREUM found a very strong weekly and monthly support between $2600-$2800, which can send the price back up. Level must be monitored for a possible buy. right now is the opportunity to buy for long term.
BITCOIN is forming a Head & Soulders pattern on daily time frame. Weekly closed below support. If $43K is broken, we can see a deeper move to $39K-$38K which will find the 61.8% fibonacci level ($38324), a weekly support ($39K), as well as weekly RSI hitting a support on 48.11 level, if a deeper downward move happens on BTC.
EURUSD broke a strong weekly support, in which it may attempt to retest it. It is where we will be on the look out for entries to ride it down.
USOIL finds itself on a very strong monthly and weekly resistance, which we can expect some fight back from the bears. Monitoring price action in this area for a possible retracement.
DXY still didnt manage to break the trendline acting as strong resistance, which may show some weakness for the bears to try and send the prices back down. But until they dont manage to break the support on 91.80, DXY still has an opportunity to gain some strength. And if the bulls manage to break the weekly resistance on 93.0 will bring more strength to take the...
AREA MUST BE MONITORED ON SMALLER TIME FRAMES FOR A POSSIBLE DOWNWARD MOVEMENT
FINDS ITSELF ON A STRONG WEEKLY RESISTANCE. POSSIBLE DOWNWARD MOVEMENT AHEAD. MONITOR AREA FOR POSSIBLE ENTRIES