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USDCHF FOREX BREAKDOWN 23 APRIL 2019
Explosive bullish price action over a few weeks reaching its final peak and spike high!
Expecting market to drop now its way overbought and too many long positions loaded in.
Sellers been taken out and market searching for resistance to turn!
. BasicAttentionToken/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. There is a possibility of temporary retracement to suggested support zone (0.01470 to 0.01200). if so, traders can set orders based...
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Look at this pattern and how many times we've tried to breakout of the descending triangle. Despite the descending triangle the chances for a breakout to the upside are greater because of the previous volume candles and the overall accumulation imo. Lets see how this will play out.
This seems obvious to me that the 6k area will get an retest, i am in BTC and have sells ready for a rejection direct at 6k and some for a small false break. We will fall back to around 4,6K and start an ascending triangle. Alts will probably rise only after start of June.