BTCBUSD is still above the weekly 50 EMA. The pair might be trading in range between the current daily support area at 33100 and minor resistance area at 40650 this week.
Using a Fib retracement tool, the next possible target is 45.5K.
RVNUSDT is trading in range currently between 0.0120 support and 0.0155 resistance. It needs to break out of the 0.0155 resistance and close above it if it wants to trade higher.
Yesterday's hanging man candlestick signified a reversal. VETUSDT may have a pull back and retest the 0.022 support level.
Yesterday's shooting star candle signified a reversal. Currently BTCUSDT has bounced off the support. Maybe it will trade between 28k to 34k for a few days from now.
STEEMBTC is trading near the support zone, and there are two similar 2-day candlestick pattern formed recently (see chart). Trading idea: wait for a retracement and buy at 15000 - 15300 Sats, and sell at 17390 Sats. Put a stop loss below 14000 Sats.
EUR/USD is in a consolidation phase as indicates by the symmetrical triangle chart pattern. The pair could go higher back to the 1.1450 resistance level or lower to the 1.1000 support level.
EUR/USD is in a consolidation phase. The pair is ranging between 1.0495 support area and 1.1025 resistance area.
The Ascending Triangle chart pattern is spotted on EUR/USD daily chart. The Ascending Triangle is a bullish reversal pattern in a downtrend, which means the direction of the breakout is upward. Also, 70% of the time, the breakout of this pattern is upward. So, in this case, I would go for a long setup.
A Bearish Engulfing pattern is spotted on EUR/USD daily chart. after a short-term uptrend. A long legged doji candle was formed after the pattern to show that there was an indecision in its direction. It also retested the 1.09705 resistance area and failed to break the resistance level. I would enter a short trade for this pair. My setup would be an entry at...
EUR/USD is trading near the current resistance area and may break out of its resistance level. As I trade based on price action, my long setup would be, entry at 1.0889, first T/P at 1.1032, and S/L at 1.0746 for a 1:1 risk/reward IF the pair breaks out of that 1.08410 resistance level.
A three-candle line pattern that looks close to the Stick Sandwich is spotted on the EUR/USD daily chart. According to Bulkowski's chart patterns, "The candlestick is supposed to act as a bullish reversal in theory, but actually performs as a bearish continuation most often." Since the overall trend is still downward, I would go for a bearish setup.
EUR/USD broke the support line of the symmetrical triangle pattern last Friday but retraced to the support. This could be a retest of the broken support and the trend may continue since the overall outlook of the pair is still bearish.
A downtrend move may continue as a possible Bearish Pennant pattern is spotted on EUR/USD daily chart. The pattern indicates a brief consolidation before the trend continues. If it breaks out, the movement (price target) for this pattern is usually the same distance as the height of its flag pole.
This may be a sign of a change in trend direction. The bears are probably exhausted, and bullish reversal may be on the horizon.