Simple analysis but for big gains!
We're looking at mainly a fundamental here. Tomorrow the Fantom Foundation will present it's blockchain to the United Nations’ Central Bank Digital Currency (CBDC) Architecture Group. (March 11)
If we break the bottom trend line, trade in invalid. However as fundamentals are strong, I'll paying very close attention for an...
we have a good opportunity here , this pair make a correction at the .5 fib on 4hr chart then a big bullish candle of 4hr chart ,after break the .92 resistance zone we are going to the 93 resistance zone ,we can long this pair
Am expecting the price to form a new leg higher and retest the key structure in which price was consolidating at around the 135.500 regions. The sterling has in my opinion overextended into the lows due to political risks in the economy however, from the technical standpoint momentum is being picked up.
For the moment, gold is trading near $1,173 after placing a low of $1,160. It recently has formed a sort of a hammer candle pattern on the 2-hour chart. The hammered pattern followed by a strong bearish trend often causes a bullish reversal. That being said, can we expect a bullish reversal?
I wish I could say yes, but gold is still bearish and the violation of...
- stronger rebound in traditional markest, shows the trust difference
- mostly positive correlation except in one zone the Bitcoin is showing more weakness, caused by stricter regulations, Mt. Goxx sell off, behavioral finance and more, which compromised the optimism also the option of short leaveraged short sellers could give a stronger negative pressure