We are currently in a very tight range, with death cross on top of that, if it breaks downside we can see bitcoin going back to 19800 levels. if we see the last 4 death cross it can even go to 15-16k, which I think is kinda hard.
my 2nd scenario for gold, i have posted a chart with a bullish outlook as-well.
will be waiting for confirmations before taking any action, Bulls could still pull this back, the MACD is very close to flipping.
let me know your views in the comments!
The 50 (Green) DMA is approaching crossing under the 100 (Blue) DMA. If this goes ahead, this would trigger a strong signal that BTC will be heading lower.
With the RSI also close to the over bought level, this adds another signal/metric for an impending downward trajectory.
The price has also remarkably followed a supporting trendline for over a month. If a...
Right then after a very volatile period due to coronavirus, it is time to move on as best as possible with unaffected pairs. Currently we have found a sell off available for CHFJPY, which does not seem to have the volatility issues presented currently through other main currency pairs.
A death cross is looking due on the daily charts, towards the fibonacci level...
EURUSD REMAINS WEAK WITH FURTHER LOSSES LIKELY
The single-currency looks set to weaken further in the weeks ahead after the formation of a ‘death-cross’ at the end of last week, a negative technical indicator. The chart signal occurs when the 50-day moving average moves below the 200-day moving average, highlighting slowing momentum. The cross also occurred on...