DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows,
and is now hovering just above that line.
Also, at the end of Mar 2021, DXY was rejected at the 300 EMA,
which was previously a significant support :
Now DXY is in a tight spot between the descending 300 EMA and the critical support...
Uranium charts looking weak across the board, I want to take this opportunity to scalp my last trade for a 20% profit. Wait for the C wave to complete and build a double-sized position, closer to the 200D MA.
I may have to adjust going forward, based on the character of the correction, but a pullback this deep will certainly give plenty energy/base/new money to...
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Bitcoin and Ethereum are looking for more downside in my opinion.
Take care on you longs.
Too many are bullish right now and market seems to currently break critical structure,
according to my analysis atleast.
Target ranging between 10,500 and 10k
not looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month..
immediate and critical support : 1486-1480
immediate resistance : 1515 - 1520 ...
Just a quick one with Ethereum today - it's been trending in an upward channel for some time now, 4 months or so, hitting the high (resistance) line and deflecting to the low (support) line, and back again!
It's currently sat rock bottom on the "Support" line - a great time to open a Long trade, right? Maybe, maybe not. No one could blame you for...
For the first time after long weeks, actualy first time ever; at weekly time frame bitcoin is trading out of a very strong resistance area.
but it will take 6 days to this idea gets confirmation, so next 6 days will be a important days to watch they will have so many thing to show.
- Testing Key previous support now becoming resistance around 33-34 cents
- Showing bearish divergence both RSI and MACD
-If bulls cannot rip through resistance could be looking at the 1.272 at .12 cent
Jusy my opinion not financial advice
Bitcoin is very close to a major trend line, this line has acted as strong resistance and support for the last few years.
A break lower of this line would mean for me a longer downtrend to approximately 3500 and a next ATH by the end of 2019 / Q1 2020.
Are we ready though for such a long term 'quiet' market when there are so many exciting news in the world of...
In the last few days we had a very parabolic move, which is very unnatural. It all reminds of the rally up to $20000. Accordingly, I would watch out for the euphoria that currently prevails. Because the game could change very quickly in Bitcoin in the other direction.
The critical area I have marked serves as a very large resistance. Until now, it has proved to...