-Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down. -After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence...
Potential 11% Could be more aggressive on entry by looking at major support levels
On the daily it seems Digibyte has broke out of its downtrend and re tested former resistance as support now. With a bounce to the upside, I am looking for confirmation and then I believe we will see a big move to the upside. should be a good option if you are looking for % gains
I think if this shorts at open it has the potential to re-spike at re test resistance, would be looking for a really nice cliff hanger buy the bounce near 1.16
Running up then broke out premarket - then cliff hanger > then bounced to retest highs and exceeded NASDAQ:VBIV
Looks like a mini deep crab like pattern on 15m which could give more support to 1.0800 handle bounce and scalp opportunity for 30-50 pips. Expecting price to continue lower in the intermediate term, though. So, personally may not be inclined to take this particular trade.
USDCAD, 1.39500 is a key area to look for a bounce or a break to the downside
Looking at the SPX500 Futures: 1. Looks like we could be at the top of a Dead Cat Bounce 2. If this is not the top, a potential tap off the 200 EMA would be where I would expect it to dump Fundamentally due to covid and the world being under house arrest, I would not expect markets to continue to rally and I am bearish as you can be on a Macro...
Oil is at some historical lows right now due to the weak demand,so i expected that the price can reach as low as 17 cents but that drop will be fast,because i am sure that at the price the buyers will buy at that price like never before so going long on Oil does make a lot of sense, i mean a child can understand that after CV-19 the price of oils will rebound...
We have an upward trend line converging with support. Could see a bounce bullish tomorrow.
As seen there is a historical low resistance level @3123.7, and a fibonacci ratio of 0.382 @3091.265 I've tried to draw the small bullish trendline which will be colliding with these very soon. This might indicate an end of this short term increase and a fallback to the bearish trend known as the CoVid19 crash or atleast a long term battle trying to break through...
$SPY $SPX $ES_F obvious inverse on the 15 min chart, short term bounce into longer term downtrend.
On the pair GBP/USD is developing a resistance line with 6 bounces for the last 14 days and 11% drop since then.
Whales dump it to 2019 as a joke, then start the DCB. stoploss in place. *Not financial advice.
Analysis on BTCUSD with the pattern Inverted Dead Cat Bounce, that happens after a Dead Cat Bounce. Price rises more than 15% in one day after a downtrend, showing a 4 weeks possible scenario. At the end of this period, there would have some opportunities to buy again. Sell on the 1-2 day of the event. A White Spinning Top candle pattern appeared at the start of...