The Price formed a rejection candle with a strong momentum so we are expecting the INDEX to continue the bearish trend as it did not break the strong resistance.
Also the Price made a doublé top with MACD with divergence
RSI shows overbought
1358.5000 top level was reached after a sharp bull trend. Prices settled on a resistance zone and were subjected to a bear pressure. On the daily chart has formed a lower doji bar, confirming a rejection by the bears to drive the prices higher. 1360.000 is an iconic level since 2016 and prices tend to plunge every time they reach that strong resistance area. Odds...
Many wick rejections and 1HR candle close at the $1338.35 dynamic level, as mentioned a break below the trendline could drive prices to the 1st psychological target of $1320.00
Great risk-reward for this trade 1:4
welcome to another free signal!
Important: Wait for the retracement back to entry and sell!
Target 1: 0,73585
Target 2: 0,72816
Point of risk-reduction: 0,74124
LEAVE A LIKE AND A COMMENT - I appreciate every support!...
With Gold rejecting a resistance zone at 1280.000, this round Number is a very large Psychological Level as well.
Will it continue downward with the current momentum or will it keep testing this Zone until it breaks?
After bouncing off the bottom of its long term channel on 30 April and breaking above the resistance at 157, Ethereum has continued on to test the top of the same channel for the third time, reaching a new recent high of 207. While I am not looking to play ETH at the moment, this development must be analysed to assess future potential price entries and stay up to...
The DXY maintains bullish momentum after finding support at the pink channel support and the .382 retracement of the recent bullish impulse leg.
We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support.
I expect the Dollar index to continue upwards and retest the recent highs. Keep in...
In this ETHUSD chart based on the Bitmex perpetual swap we can see ETH has been moving in a clear channel for months now. After being rejected at R1, price has trended to test the channel support and forcing it to make a decision. IF ETH confirms a break below the channel support, I am looking to short to the lower blue rectangle (R2) acting as price...