Today, let's explore the exciting developments on the CRO chart, where a recent breakout from a falling wedge pattern has set the stage for potential upward momentum. The coin is now consolidating beneath a critical resistance level, teasing the possibility of a decisive breakthrough. Here's a closer look at the current scenario and what to anticipate next....
FX:GBPUSD Price broke below 1.26229 daily support breaking bullish structure. Price made a pullback and retested as resistance around the resistance area of interest with a bearish engulfing candlestick being my entry confirmation. Take note, today is a fundamental day thus low risk should be used to avoid big losses in case price goes against my bearish bias...
FX:EURUSD break and retest above 1.09436 daily resistance on an overall bullish structure based on the weekly, daily, 4h and 1h
A retest of previous resistance on the daily chart combined with a strong bullish candle movement (an engulfing candle) is an intriguing setup. The observation of RSI Divergence at these levels serves as a significant indicator for a potential reversal. Regarding the recent deviation from the PRZ zone of the crab pattern on AUDUSD, it seems it hasn't reached the...
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Bearish divergence. Until the two key resistance zones hold my short term view remains bearish here.
H4 - Price respected a key resistance zone and is bouncing lower. Uptrend line breakout. Lower lows. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. No opposite signs. H1 - Bearish divergence. Lower lows. Until the key resistance zone holds I expect the price to move lower further after pullbacks.
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. H1 - Lower lows. Most recent uptrend line breakout. Until the two strong resistance zones hold my short term view remains bearish here.
D1 - Price respected a key resistance zone and is bouncing lower. Bearish divergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
H4 - Price has reached a key resistance zone. Bearish divergence. No opposite signs. H1 - Bearish divergence. Until the key resistance zone holds my short term view remains bearish here.
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. Most recent uptrend line breakout. H1 - Bearish convergence. Currently it looks like a pullback is happening. Until the key resistance zone holds I expect the price to move lower further after pullbacks.
H4 - Price has reached a key resistance zone. Bearish divergence. No opposite signs. H1 - Bearish divergence. Until the key resistance zone holds my short term view remains bearish here. If the price breaks below the low at 23.561 we may then consider it as a validation for this bearish view.
H4 - Price is bouncing lower from a key resistance zone. Bearish divergence. Until the key resistance zone holds my short term view remains bearish here. A valid breakout below the uptrend line would be the validation for this short term bearish view.
D1 - Price has reached a key resistance zone. Bearish hidden divergence followed by continuing bearish divergence. H4 - False break with bearish divergence. If the price breaks below the last low at 1.09283 with momentum I may then expect short term bearish moves to happen here. Alternatively if the price moves higher breaks and holds above the key resistance...
H4 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two key resistance zones hold my short term view remains bearish here.
D1 - Price has reached a key resistance zone. Bearish divergence. H4 - Bearish divergence. Lower lows. Until the key resistance zone holds my short term view remains bearish here.
D1 - Price reached a strong resistance zone and is bouncing lower. Bearish hidden divergence. H4 - Bearish divergence. Until the key resistance zone holds my short term view remains bearish here. A valid breakout below the last low at 1.07980 would be the validation for this short term bearish view,
In Fear of the Debt Limit, traders might flock in for a shorting opportunity. The perfect shorting price for me will be at its key resistance level within the sell zone at 128.33. I'm still optimistic about the US Dollar Appreciation until March 2023.