We apear to be closer and closer to a completion of the downtrend. if the 2.618 level holds (Price: .2943) we should be seeing a spike from there. The blue box suggest a great support, anywhere in the box would be a possible good buy. With a stop loss on .2480 there should be room for the price to spike up.
Everything was looking dandy for bitcoin and litecoin...litecoin appeared to breaking out above a bull pennant and btc seemed well on it's way to the original head and shoulder pattern and then suddenly a whale or two must have decided to take a sizeable profit, enough to trigger an avalanche of auto sells creating FUD in the non auto sellers all culminating into ...
The price movement went out of the triangle and formed the XABCD pattern. MACD (12, 27) and moving averages indicate a further growth. The price can form 5 Elliott wave pattern if it bounce from the Fib 0.5 support level. We will carefully watch this coin and provide you with all updates. For now it is a good trading opportunity.
Dear Traders ,,, Good Morning ,, Here we have to GBPJPY forming nice Shark pattern. This week is important as we have some key data coming and intrest rate is the most important. "UK". So we will have to wait for a conformation which is holding the daily trend line or testing back the demand zone. Reagdrs MENA-FX