Looking at the Bitcoin hourly chart >Volume increasing and small Small Bullish divergence on the RSI. I'm pretty sure we going to break this resistance! (If we dont break it.... that confirms that the bears are still in control and bear market continues -_-)
This is QQQ hourly chart right now. Is this a double bottom pattern or a head and shoulders pattern? It will tell later today or tomorrow.
As showing in the chart.
- watch price at 200 ema - 200 ema may act as resistance due to decrease in momentum at that area - price may reach 129.800 and pullback towards the mR1 before going up - if price breaks past the 200 ema and 129.800, buy to t1 - mR2 - breakout from R1 suggests price may continue to scale up after pullback from either the 200 ema or 129.800 price
- price rose to previous high and failed to break it - multiple touches - take trade to the 50 fibonacci retracement - SL: 7-10 pips above today's high - risk/reward: 1:6 - pips gained: 28 pips