BINANCE:ETHBTC
On 1H time frame, falling wedge pattern could be seen forming.
The 3rd touch could end as a double bottom, as seen currently, with an inside bar pattern formed on the 4H time frame
On the DAILY time frame, price has retraced past 0.786 fib level and is closing in on 0.886 fib level,
while approaching a parallel channel trend line, this has been...
Currently price has broken out of the previous trend line for falling wedge like formation and has attempted a retest.
However, price remains bearish unless there is a strong price action indicating buying pressure and a push above the weekly close level
OANDA:USDJPY 1H chart
On the 1H chart, we can see that the chart has a few confluences,
1. Price rejected off the 0.886 fib level of the initial 3 wave down move
2. Price also rejected off the 3rd touch of the minor trendline
3. Price also rejected off a minor parallel channel
4. With the latest move down, price attempted to push up but got rejected quickly off...
