BTC has reached the bottom trend support and is ready for a new all time high is history repeates it self.
Check out what happened when the price reached the trend support and you will see that was always a new all time high starting point!
Comments are much appreciated and please feel free to follow for more ideas!
EUR/JPY is hitting support at around the 121.90 level.
We could expect the price to break through this level of resistance or we could expect the price to hit resistance and then pullback to support at the 120.489 level, creating a short term sell opportunity.
Both the MACD and the RVI are yet to show signs of the price potentially pulling back and so it may...
In this pair, I have analysed and come up with two possible scenarios. The two uptrends shown are very strong and likely to continue. I believe that price may bounce of the first trendline (blue arrow) however if it does breakthrough, it will bounce of the second trendline (green arrows). I believe the second trendline is more likely as it has only had 2 touched...
This is a great opportunity for a very long-term LONG position. The pair has been in a strong downtrend since 2008. From Feb 2016 it has shown strong bullish action focusing on the candlesticks. I believe it could hit the weekly resistance and bounce off to now begin either a uptrend or consolidation.