We are now in a descending triangle in the 4 hourly chart for Bitcoin and the range is getting tighter, be cautious of the capitulation phase.
DIDI’s app remains online for its existing users in China but the suspension on new downloads and registrations could throttle its near-term growth. Therefore, the biggest challenges for DIDI personally I believe will be to bring its app back online, comply with China's new cybersecurity, data privacy, and labor regulations, and allay investors' fears about a...
USD has been one of the weakest forex pairs since March. Looking at the 4hr chart it has been making the pattern of lower highs against CAD since 19th of March and has matterialized a two months decending triangle that got confirmed by breaking below the floor of the pattern last week. The previous support zone of the pattern should now act as resistant and a...
Missed this trade setup but wow was this beautiful! EURUSD was making clear lower highs but not so much lower lows, as price started consolidating within the channel, price broke past the support level of structure and retested. Price could potentially come down the 1.07825 level and find support there.