Things don't look good for Bitcoin in Daily time frame.
I am waiting for reversal in the next days.
We have multiple bearish signals.
1) Double top
2) Rising wedge
3) Bearish divergence in RSI
4) Trading Volume is dropping
Targeting price :
1st Target: 34000$ (from the rising wedge)
2nd Target : 32000$ (previous Break of structure, so now it's possible...
GBPUSD is at strong resistance level @1,2237 and it looks like we are getting rising wedge, if wedge is valid then tp is areound 1,211 and then I'm keeping my opnes to see if we can get a H&S pattern.
On Friday USD/JPY consolidates the heaviest daily loss since March 2020, bouncing off a 13-day low. That happened after WHO termed Omicron as a “variant of concern”, Japan tightens border controls. Looking forward, the virus developments in the West will be particularly more important for the USD/JPY traders, which in turn highlights today’s speech from US...
The technical figure Rising Wedge can be found in French company LVMH Moët Hennessy Louis Vuitton (MC.pa) at daily chart. LVMH Moët Hennessy Louis Vuitton commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The Rising Wedge has broken through the support line on...
In this pair, technical analysis shows a technical figure Rising Wedge. The Triangle has broken through the support line on 09/07/2021. USDJPY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 38 days with a target of 107.69. If you decide to enter this...
