Breaking neckline should cause some corrective decline
Outside bar at support level. Another touch of trendline. Possible move up.
SILVER D1 - Pinbar at support level. 61.8 of Fibo as confluence factor. Possible move up after some pullback to the nearest resistance.
After reaction on 78.6 fibo, we can expect fulfilment of Butterfly harmonic pattern. Point D of the pattern is at 127.2 fibo in the area of 28000. Potential long position can be short-term.
Price broke from triangle pattern and now retests it. Possible move up.
Inverted head and shoulders pattern. Now price retests of neckline. Rejection of this level will cause further move up.
Possible move down. Reaction on 50% fibo. Overall downtrend on this pair. Trade carefully!
Interesting support level and 3 confluence factors: one-to-one geometry, 50% fibo, previous resistance.
Strong decline today. In area 120.60 there is interesting support level: trendline touch and 61.8 fibo. Possible move up.
Strong bearish reaction after FOMC. Price is approaching towards 50% of Fibo. It is also key support level (formed resistance, now support) so some bullish pullback is possible. Trade carefully.
Price reacted on 61.8 of Fibo and now is moving within descending triangle. If it will break down, possible bullish reaction on 78.6 or 88.6 (harmonic pattern).
Potential HSH pattern. Breakout of neckline needed as confirmation
Price is moving withing the channel. If 61.8 fibo will be broken, possible bearish reaction on 78.6 or 88.6 that will form harmonic pattern. Be carefull, tonight is FOMC.
It seems that breaking resistance 0.8600 will bring price higher. There is inverted head and shoulders pattern. Target could be 88.6 of Fibo that will fulfill harmonic pattern.
We can see wide sideways move. Price is approaching to resistance that is made of 38.2 fibo and AB=CD. Possible some pullback down. If this is accumulation process, breakout from this range move will bring some uptrend.
After reaction on 50% of Fibo price soon will reach 88.6 creating Bat harmonic pattern. Possible some move down. This is counter-trend setup so reaction may be short-term.
After strong Friday decline price slow down. Possible reaction up as price reacted on support level.
Bitcoin proce reacted on 50% fibo of last bullish impulse. Breaking below this level (ca. 34700$) can bring price lower. Next potential bullish reaction in the area of fibo cluster 61.8 + 161.8 of BC wave (level 33650-33850). Further decline can lead to fulfillment of harmonic pattern on 78.6 of fibo.