-Retest of 1480 zone. (Neckline of H&S)
Long wick rejections of support followed by every time price does test, we see the exchange rate move the opposite direction. Bullish Divergence as well. We may see price move in a rally temporarily before price starts to pick up:
Bitcoin has finally broken through a $9k support level, due to such a heavy impulse breakthrough, this may suggest 2 possible outcomes: 1. It's just a retracement, market will resume bullish from $7k. 2. Price has also broken below the 200 EMA which may continue a bearish run to perhaps $5k & under. The RSI is currently hovering in oversold conditions (not...
Temporary retrace for the B correction followed by a short position to go down the C corrective wave.
Reached level of support- 50% retrace.
-Long bullish candle rejected support zone; fakeout confirmed. -1H; inverted H&S maybe?-
-After market open, price closed below and retested, this suggests price will move bearish in this downward channel:
As price breaks through TL support 3 times, I assume there is still an overall bearish outlook for this exchange rate.
-2nd rejection of a major support zone on the 1D. -Long wick rejection. -RSI forms inverted H&S.
-Bearish divergence -3 bearish candles show bullish momentum decrease. Looking for price to replicate a pullback like this so that I'm able to re-join trend continuation:
After seeing 3 rising peaks previously, price moved down significantly. I assume a similar pattern will occur now also.
-Looking to go long towards 10450. -Price reached support zone.
Market pushes up towards a major resistance zone before turning back around.
-Price has rejected the 1.23820 on the daily chart twice. Can also see price relationship occurring between indicator and price action. Furthermore, price seems to lose momentum as bull candles decrease in value in the wedge: -The 4H chart shows multiple rejections of TL resistance and the daily Resistance, bearish divergence & a long wicked bearish...
The exchange rate is holding at the resistance zone, this provides a strong area for price to exhaust itself before moving back up again.
Looking for price to make a right shoulder and turn around. See below: 50% retracement as well:
-Price reached a major Resistance. -Formed another area for entry. -Looking for price to move into a downward direction and a candlestick pattern to also suggest the price reversing. -Price has also created a 3 impulse pattern to further confirm a turn around: