ETH recently has been losing momentum. The rally now showing one of two scenarios:
Consolidation where profit taking is occuring before another rally
Reversal in the trend
We can see this weakness by identifying two aspects in the price action.
Fails to make a higher high
Breaks long term upward trend
HEY EVERYONE
Here's a look at the AUD/USD pair which just retreated to 0.7050 are clinging to some daily gains.
* AUD/USD lost its momentum after the climb, US DOLLAR INDEX is staging a technical rebound during the US session and the WALL STREET main indexes register some strong gains today from the fundamental perspective.
* The pair is currently trading in...
BTCUSD POTENTIAL LONG
1D Chart:
* price is sitting at a recent significant structure level
*buyer seems to be showing slight interest already at this level
4H Chart:
*Price shows large green(buyer) candle to the upside at this level of structure
*Price ended with a higher high higher close on 4H candle WITH momentum
1H Chart:
*Price had LARGE buyer push to...
