The handle was confirmed by a Head and Shoulders on the daily chart, the breakout occurred, the target is 2.05
Descending triangle in formation on weekly chart, with daily head and shoulders formation which could confirm break of triangle and neckline below 21.41 for bearish entry, or anticipate bullish break of triangle on break of right shoulder at 24.70
The whole world is awaiting clarification on the Dollar and the FED. When there is uncertainty, money comes out of the financial markets. S&P has discounted (perhaps ??) the negative quarterly of some companies, this week there will be other important quarterly results. Still waiting for the Fed's decision on March rates, maybe equities are discounting the rate...
Expectations of US rate hikes in early September brought the US500 to the low end of the channel, starting a bearish trend Now the record inflation of the last 30 years, which is now clear is not temporary, and the rising DXY could bring a major new fix
Yesterday there was the break of the support of the reversal figure, the first target is reached, the main trendline, let's see how it will behave today, it is interesting to understand the reaction to the next support 94.50 If it will have a strong reaction and therefore the trendline is temporarily perforated or will confirm with a pullback or continuation In...
Yesterday the US employment data came out, very positive.. Despite this the DXY has remained in range.. We await the Payrolls tomorrow and we will see what the institutional will do next week, when the markets will return to full activity.
For several weeks, many people on social media have been talking about Bottom .. The inversions have to be confirmed by figures, there aren't any yet, even the rectangle hypothesis has not been confirmed. There may be a double low IF: 1) prices from now to Monday (where liquidity is supposed to return to the markets) will not go below the low of December 4th...
Santa is a little late but maybe he is coming if DXY does this -> US500 could aim for 5000
We are in a period of uncertainty, so yes .. I understand a strengthening of the dollar. But does a "possible" financial uncertainty or a "sure" galloping inflation for the whole of 2022 weigh more? How long will there be positivity on DXY?
Also for ETH it is the moment of the decision within the first week of January. Same reasoning as for BTC, I would wait for a complex Pattern that confirms the support at 3600. A real break below 3500 would change the scenarios, but for the moment we are in the buying zone, in my opinion. We are on the level of the confirmation of the Cup and Handle started...
A rectangle would be a good inversion figure, it would suffice. Considering that the downtrend started on November 8th and ended on December 4th (probably), it is 4 weeks. If this were the case, the rectangle would have a duration of at least the cycle of the previous trend (from 7 December to 3-4 January), therefore sufficient for a reversal. The next few days...
BTC is also reacting to the 46k. Looking at the RSI the bearish trend seems to have some problems, but only a strong break above 51000 would confirm the break of the main bearish trendline. At the moment the 51,000 is a sales area.
ETH is attacking the short term bearish trend line, this does not mean a trend reversal, it just means that a break of this trend could bring the bearish trend into trouble. (for now we are in the sales area) Let's see how the 4100 zone, which is the first bullish confirmation point, reacts, if there is no net close above this point, a lateral continuation is...
Despite all the noise, filth of these days and the mental saws of those on Wall Street, ETH is holding the most important highs of the year, of May and August, as well as the support given by the Cup and Handle figure. We await the closing of the weekly candle on Sunday, of course. If it were to be a hammer, maybe we start having fun on this side of the table too.
The markets are all waiting for decisions on lockdowns, beware of leveraged entries A VIX at 25 is normal .. what moves the markets is a VIX over 30, at least
at 65 there is very important support given by the highs of March and May retested by the reversed head and shoulders of August it all depends on how bad the information about lockdowns will be Oil has already discounted the fear, new lockdowns would slow down the trade again, which is why it is going down BUT... if the restrictions are not as severe as we...
exceeding 60k is confirmation of last week's Hammer pattern and trendline, which would see its third rebound (the second rebound is Engulfing at the end of September) a lot depends on the fears for Covid and new lockdowns, but I believe that the market will not react as negatively as in the past, the fear is already partly taken for granted, but a longer lateral...
The upper trendline is already compromised, if prices do not return by today the upper trendline in the RSI (dotted line) is still not broken, while the divergence (yellow line) is evident and confirms the figure the key entry point is 0.080, the target 0.10