Do you see a flag formation with indications of a push higher another 16%? Please let me know what your ideas are on the chart
Bull flag formation which would be a continuation of the uptrend converse is a bear flag
Swissborg looks ready to breakout, if it breaks through the yellow line I see it bringing double digit returns in the short term
Neutral TA highlighting what I expect to be a short and great movement in the price of BTC
I believe if BINANCE:BTCUSDT can bounce off the blue trendline we are seeing a good recovery from the market panic due to lockdown, if Bitcoins breaks through, I think it will atleast touch the next Fib line drawn from previous cycles
BINANCE:BTCUSDT COINBASE:BTCUSD broken rising wedge and at time of posting, breaking support, if closes below support for multiple periods, expecting to test recent lows
Bitcoin has so far bounced off the trend line support, if it holds I see it making a HH, my target based off of FIB of All Time High Correction - Chart says "ATL", means to say "Fib of ATH to Swing low earlier this year.
Sugar looks to be in an uptrend with Oil falling further, If you feel confident in sugar pushing higher, look for entry on the trendline for a nice R/W ratio
Sugar formed a possible double bottom indicating a trend reversal, fib based TP @ 50% Would match a negative correlation with oil sometimes seen with sugar
If gold closes below 1300 for tomorrow I see it rebounding somewhat however if it can push and close above I see its uptrend continuing for the short term due to the US trade war and golds safe haven status
My strategy assumes gold continues to fall in value, chart shows possible movements of gold and my SL