Most Likely Direction: UP
Reason: Upwards Breaking of the range; Stronger AUD overall in the past few days; Average to weaker NZD in the past few days.
Alternative Direction: DOWN
Reason: Facing major resistance now @ 1.0660.
Should this resistance break, further upward movement is expected.
Most Likely Direction: Down
Reason: Triangle broken to the downside on 1st Feb 2021; currently retesting the lower part of the triangle @ 1.2060, which should be acting as a resistance.
Alternative Direction: Up
Reason: Weaker USD due to worse than expected job data from the US.
A close above the triangle might signal a confirmation of the upward movement which...
Everyone was expecting BTC to shoot up after the good news from the FSB. Earlier this week, the FSB chair sent a notice to world leaders (G20) advising them that cryptos will not be regulated at this point because they do not pose a risk of world financial crisis.
This news is good because it has restored confidence in current crypto traders/investors and thus,...
Congrats for buying EOS based on the segment (triangle), as advertised by some traders. Here is when and why I think we should consider pulling out.
Looking at the BB in the past, we can see EOS can stay oversold for quite a few days (2-3). I would wait for a full green daily candle to open and close above the upper BB line which might happen in a few hours.
