Descending triangle chart pattern set-up is about to form, Price has touched the declining trend line for the third time and is starting to reach its end. As of right now price has been consolidation for the past week on the 1Week Timeframe support level
Fibonacci retracement shows price touched 0.5 fib level and has been downsides ever since. Price is...
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...
The USDJPY is breaking out of a multi-month triangle. I have entered a long position with a stop below this week's open. I was specifically waiting for this breakout to enter, which I consider just a small addition to my 'long dollar' portfolio. My major shorts are EURUSD, and GBPUSD. If the breakout holds, I will begin to build a larger position in USDJPY.
VOD might break the triangle pattern formed since 2014.
It's now below its 50 month moving average.
Stochastic also trending lower.
BUT - 200p resistance was established in 2007 and 2001, and has to break that to head lower.
Descending channel plus lower low to lower high are being made so this indicates bearish move and also bearish triangle pattern is also formed as well.
That is 3 indications that this CFD will go bearish.