XBT experienced a long needed correction from a parabolic rise. The volatility of the market make predicting price movement in the short term difficult but XBT remains bullish in the long term. The fundamentals are too strong to do otherwise.
The market is not at a great entry point right now as we are at a strong zone of support/resistance.
Volume is poicking...
SIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support.
MACD & volume indicators are in agreement.
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XPM has performed well during the recent market correction and with strong trend support and support from previous price action a break upwards seems imminent.
- Tenjin Crypto
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Aussie looking extremely low. Commodities looking close to their extremes.
Daily chart at the bottom of a long-term triangle and in an inflection point for the move lwer.
Crossmarket the NZD is showing it is near the extremes against all of its major counterparts implying it may run out steam.
- Finding support at .786 Fib Retracement (AB) / .5 Fib Extension (BCB)
- Finding support at the bullish trend line
- Possible secondary support at .618 Fib Retracement / .786 Fib Extension
- Target Fib Retracement 1.272 /.1.414 = 500USD / 550USD
-Awaiting trend breakout and confirmation.
The asset will have hit the 100 MA so in the short-term will most likely fall, or it could actually break 100 MA, which will make it a definite buy, but till then it will mostly fall then reach support and then rise to hit trendline- swing trade.
No matter how bad the GBP USD looks after the election we are now in such a exhausted zone the the inters will be buying very soon further shorts to the down side past 119.000 will see people in the Uk going to work on a horse.
I'm looking at a big long retrace up to around the 1.34000 level.
Support zone validated from the rejections in the past. And breaches of opposing force. There are visible rejections from the recent points and dating back to 7/4/17. The trade has a high probability of working out because of the breach, that engulfed the opposing force. the trade has on obstruction if the price does decide to rally up from the predicted level...