Main Scenario: ZEC/USD is trading in the red and approached important dynamic support lines after the failure to make a valid breakout above the inside sliding line (sl). A valid breakdown below the lower median line (lml) and below the outside sliding line (sl1) will confirm a further drop. You should wait for a valid breakdown because this could...
With the market at balance at the Centerline I start my position to go long.
Two opposing forces:
1) the blue Pitchfork, which shows how price swings to the south and where the extremes and balance levels are.
2) the up-sloping A/R Channel, which does the same as the blue Pitchfork, just in another context to the upside.
As for targets, there are
a) the U-MLH...
Main Scenario: ETH/USD could resume the downside movement if the rate will make a valid breakdown below the 150% Fibonacci line. You can see that it has developed a minor chart pattern, so a valid breakout from this pattern will confirm further drop on the short term.
Alternative Scenario: We may have an upside movement if the rate will make a...
Main Scenario: The rate could drop further after the failure to retest the first warning line (wl1) of the ascending pitchfork. Price has made a valid breakdown below a very strong support area, so, technically, it is expected to drop in the upcoming period. SAN/USD should move down if the Bitcoin will drop as well.
Alternative Scenario: A a...
Main Scenario: The rate has failed to stabilize above the lower median line (lml) of the ascending pitchfork and now it is somehow expected to drop further on the short term. It has retested the median line (ML) of the descending pitchfork and now is pressuring the 150% line. A breakdown seems imminent and we may have a great selling opportunity.
Opening market is positive this week
Current level at 95.14 after the announcement of trade tariffs between the US - China
The expected momentum of strong gains and the US Dollar is still dominating other world currencies