4h chart wedge pattern needs to hold support on the $30.50 level.
A breakout to the upside would be likely within the next 20 hours as most wedges are broken at or near 80% of the endpoint.
Currently volume and price action is moving against this prediction; if we break below $30 I will be completely reevaluating my trades on cryptos.
Best of luck to everyone;...
as we see, BQX still in its bearish market, on the other hand it has reached 1.61 Fib which mean there is no more bears around and it will try to make it and breaking the downtrend soon.
for now, it is on accumulation stage, don't miss it
The general trend for MXNUSD has been bearish.
I initially forecasted a target of 18.50 or lower but the market has set 18.54 as a strong floor which has broken much of the downwards momentum.
We are starting to see a recovery since the price reached the days low at 18.52 and its beginning to form something of a bullish channel. I would expect the price will...