Looking at this comparison, the chance is- based on the wonderful fractal comparison that Ethereum may breakout into new all time highs. As Ethereum currently is bouncing on its previous ATH dating back @ both March and May '16. If it is able to hold these levels, exponential growth seems plausible. remember however, that MM's are relentless and since ETH is...
USDJPY's 200 and 50EMA lines have crossed on the 4 hour timeframe indicating confirming that there is a downtrend. In addition to this, if we go down to the 1 hour timeframe we can see that over the past 12 hours, the price movement is forming a flat bottom wedge (similar to the wedge that formed before the FED rate hike and price fell). The flat bottom wedge acts...
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...