In the chart we can see how the price fell to the trendline and then started to rise inside the pennant. In this pattern, the price rose near the trendline for a while, then bounced to the support area, which coincides with support level 2. Then the price adjusted, then continued to rise and soon broke through support level 2, and then rose to the resistance line...
I see some bullish divergence from the chart this week and next month. The positive vibe will obtain some big whales to move. This impact will last until around 90500. buy btc from now on.
Is GBPUSD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.2900.
EURUSD has started to consolidate, forming what appears to be a base. Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday. To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move. With this in mind, I am...
USO/USD is reacting on the support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could rise from this level to our take profit. Entry: 67.63 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Stop loss: 65.52 Why we like it: There is a pullback support level . Take profit:...
Observing the chart, we can see that the price entered the upward channel a few days ago, where it corrected slightly for a time, and then rose to the support level, coinciding with the buyer's area. Then BTC broke through this level, and then corrected to the buyer's area, and then BTC broke up the resistance line of the upward channel. After this, the price fell...
Judging from the current market trend, we will rely on the 4-hour support to arrange long orders. The lower support is near the 2766-70 line, and the focus is on the 2753-58 line support. We will look for opportunities to arrange long orders when it falls back. In the middle position, we will watch more and do less, and follow up orders cautiously, and wait...