During the last days we have been testing for the strength of the support zone - $6,800. The Bears are gradually clutching the price to it, not letting the bulls raise the price. A local resistance zone ~ $6,950 has been formed on the chart. The bulls need to fix the price above this mark, in order to beat the bears. On the daily chart, we see the uncertainties....
I see a pennant on the daily so I would just wait for it to break out and wait for confirmation to make sure it is not a false breakout
ETH has had a nice run up after the massive drop due to fear of a world recession. I went from 88 USD al the way up to 177 USD in just a month. As we speak, ETH is dropping after printing a higher high the last few days. It touched the 0.236 fib level, and bounced back up for now. The 0.236 fib level has a nice confluence with the yellow trendline, following a...
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Sasol have experienced a great blow to their share price due to South Africa's lockdown but mostly because of the great decline in Oil Prices. Price have broken a short term trendline. This indicates possible forward upwards movement to follow. The recovery of SOL share price will not happen overnight and therefore it will be a buy and hold position. Target 1 is...
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.