Last post: April 3rd 2019. See chart.
Review: Price had continued to move higher.
Update: Price has broken out again on a gap up suggesting further strength to the upside.
Conclusion: Price is approaching the previous ATH. A break and close above this major resistant will suggest a continuation of the bull trend.
Any comments or questions, do not hesitate...
Last post: June 16th 2018. See chart.
Review: Price was faced with the weekly 200SMA acting as resistance at circa 95.
Update: Price is trading above the weekly moving average but has remained in consolidation.
Conclusion: Waiting for a breakout above the March 2019 high.
A nice structure based wedge has formed along with a nice pullback. very nice risk:reward on this trade, entered slightly late but still very high reward. leave any thoughts or ideas in the comments and happy trading:)
Following the breakout this morning from the lower triangle trendline AUDUSD is now heading back up to re-test this area. Should this trenline now offer resistance as is often the case in this scenario we could be looking a swift move lower. We will need see at least one long upper shadow candle or maybe a doji as prices reject the trendline before initiating a...
Price has approached the top of its consolidation range, and has formed a spinning top candle, a good sign of Indecision. Since it is in consolidation, this could be a sign of another bounce moving price to the lower bound of the range.
Dropping to the 4 hour, we don't have signs of much bearish potential. There are signs of bullish potential...
USD/CAD to reach weekly resistance due to strong bullish trend
Bullish engulfing candlestick shows bullish sentiment reaching trend line resistance
Previous bullish engulfing showed strong bullish breakout
Daily support has been retested once again
Price has bounced off 0.382 level and has broken through 0.5 fib level
The 2 months long bearish triangle is coming to an end, so the price must take the decision of where to go. Personally I think the most likely way is to the downside, because WAVES went in a bubble and very likely it did not find the bottom yet.
The next levels of price to watch for a likely bounce are 60k, 50k and 40k satoshis. Those levels have been important...