Here's a quick update on BTC daily chart. As we can see, the price broke down from the rising wedge. Also the price is currently below the 50 EMA. The 50 EMA Has worked as a very strong support throughout this bull run. We have to close above it! Otherwise we are looking for some some more downside! Last time the price went below the 50 EMA was back in October...
On the 4 hr chart, BTC has printed a Bear Flag or (ascending bearish wedge ), and also about to run into the converging 50MA & 200MA. It is testing the bottom of our 2.5 month long, ascending recovery channel, the RSI is showing us Bearish Divergence since about April 30th. We could easily retest 8200 and step down to 7700 & 7300.
Hello Traders In this round of AUDJPY we look at a bearish flag, rising wedge or. whatever you may call it. I'm calling it easy money. In my opinion the trend. has started, the wedge is broken and a sell is in play. Will be updating during the week if required or. requested. Follow me for updates during the week and join the discussions on Telegram with...
Head and Shoulders complete along with retest Good entry now for bear trend continuation
#Analisa NZDJPY Berpotensi Turun Selengkapnya bisa dilihat pada chart Jangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar. Tradevelling Trading jalan, kita jalan jalan Disclaimer tanggung jawab di serahkan kepada masing masing individu _____________________________________________________________________
Price closing below the support zone (yellow rectangle) is already a fairly bearish sign. That said, it's a very bearish (short-term) sign if price re-tests the median line (red downward slopped line) of the smaller, down-trend, pitchfork that I drew on the chart. If that were to happen, a trade could be planned off of the correction to that median line test. ...
Pattern: Double Top ****************************** UJ' buyer power weakening as it unable to make new high.