There's so many people focused on BTC it's getting a bit boring.
As promised to Purple Crypto members, here is my analysis for BCHABC/USDT (or Bitcoin Cash). It is showing positive signs of an uptrend on multiple charts. On this 12H chart:
- rising Stoch RSI
- rising TRIX
- rising MacD
- some selling activity and
- a steep rise in the stoch RSI...
DFS had a tightly compacted consolidation, indicative of large-lot pre-swing activity. The stock gapped over the previous high’s resistance easily. It is now in a resting mode again. The stock now has support from the previous highs.
Having a look at the density of golds rally this year.
My speculation still deploys uncertainty in risk trends. Causing massive investors interesting to start stashing money in gold. This is usually a key device in unmasking the potential market sentiment of major risk oriented assets.
Are we anticipating some sort of financial hiccup. Or Global growth...
DXY Dollar Index
We were looking for DXY to show signs of bottoming prior to
potential reversal to the upside last week. It made a double
bottom/slightly higher low showing a loss of downside
momentum, the first signal needed to show a change is in the
air. Some may remember the way that Gold shifted parallels
just as DXY is now doing prior it bottoming out...
XVG is inside a flag pattern.
Point 5 was a false breakout of the structure. Now the price should retrace around blue rectancle area before the bullish trend will continue.
Most important price levels now are:
Dotted blue line: if XVG will break above that level, the bullish trend is very strong and it will continue for days;
Dotted red line: if XVG will go...