Hi, fellow traders! There is a confirmation of a breakout from the symmetrical triangle in Silver, ABCDE Elliott wave correction is complete, silver is about to continue the bullish run, though the last impulse is weaker than it has to be, see the chart for resistances. Follow for more ideas, do not hesitate to click the Like button.
GBPUSD may decline after a retest of the dynamic resistance.
Three patterns that point out a bearish USDJPY. Since US - China trade war is back again and is escalating, safe-haven assets may gain and DXY may fall again. Let's hear what Mr Powell says tomorrow, it could be decisive.
Chainlink project's LINK token remains one of the most promising, it's not ranked at 6th by market cap. I don't think that the token will continue the further decline, especially now when DeFi is on hype.
There is a possible bearish bat pattern formation on ETHUSD. Key resistance levels to watch are 400 and 415. Ethereum should break the current 392 resistance with a stronger impulse to advance to 415, if that doesn't happen it might continue the drop towards 369 - 365.
Gold has completed formation of the right shoulder and is about to complete the whole pattern. US recovering from COVID, number of cases is decreasing and last week US economic data were very positive. Warren Buffet bought tons of Gold? Is that a bull trigger? Well, he supports democrats, so Trump tweets will make him regret!)) Vaccine is about get approved...
Poladot holders after the listing on Binance, sold their tokens to gain profit. Since the token is now listed on one of the major exchanges it will now be a subject to high volatility. Technicals show that DOT should retrace towards 321 and 354, but now the price action is bound to global crypto market sentiment.
Ethereum is about to complete the inverted Head and Shoulders pattern. Wait for a breakout to go long. Follow me for more ideas.
There is a clear sign that GBPUSD will test 1.3149 once again. the price has penetrated the resistance at 1.31200 once again and is clearly will break it if bulls support the breakout.
When DXY gains Gold loses. However US data released today will be decisive, Gold might continue the climb to complete the 5 pattern ending diagonal and reach 1980 where bears will once again push down the price as 1980 is a key resistance level.
Bitcoin bulls are still looking to reach $13K, the correlation with gold was somewhat unfortunate and after another test of $12K we saw a massive drop. The chart replicates the moves I'm expecting to see in the nearest term, however if the dynamic support at 11150 is broken, then a downfall might continue further.
SXP is a utility token of Swipe - crypto banking app. Just recently Swipe has announced the addition of their no fee operations in purchase/sale and transfers of cryptocurrencies. Moreover card holders no longer need to pay card usage fees and the card shipping is free as well.