While this report’s focus leans more heavily on the technical analysis, it is only prudent to take into account the effect of recent dollar and Fed funds rate repricing this last week. On Thursday, strong jobs numbers from ADP data saw markets lift expectations of a possible 50 bps hike in February to around 45% resulting in a slight bid in the dollar. That of...
There's always loyalty to some degree when it comes to structure just like in a relationship. Ethereum has built up a good relationship with the resistance level at around 4200 but at some point this relationship will fail, again just like in a real life relationship. The question is, will ethereum end this relationship and move on? Or will it give it one more try?
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So the "Uncle" Biden news came out of nowhere yesterday while I was out most of the day and that got many sellers panicking across all markets including the Bitcoin and Crypto markets. That said the likeliness of congress passing a doubling taxation from 20% and 39% is rather...
With the ADX looking promising for another trend line break to the upside, the target for the near-term trend line break matches up with the target I had way back when at the long-term trend line break.
If momentum keeps on this week a nice break here would bring the 16K target back into view (which for me has never left) with another validated pattern...
#Accumulation_Recomendation
Pair : CLOAK / BTC
RSI : 50
Note : After a healthy 3 wave correctional wave pull back Cloak started its reversal with a good volume pump and a breaking out scenario from the falling wedge created. Both RSI and MACD looking bullish in favor of the bulls so far. It would be a good position for the mid term to hold.
Accumulation Area :...
