Hello everyone 😃
BTC is at very important level now.
MA50 ( 4hours TF ) is holding movement from below and MA50 ( Daily TF ) is controlling movement from above.
So next hours will be very important for bulls to use MA50 ( 4hours TF ) to hold their lead on BTC !
Based on CME information :
Due to the change in the price trend since March 8 and after hitting the strong support range of $25, it seems that Silver buyers are stronger in market which formed a trend bullish channel.
However, if the power is rediscovered for the sellers, it is not unexpected to hit the support range and return back to this position.
Where is Nano going? With the price reaching the bottom of the bullish channel and the buyers gaining power, the price of cargo is expected Fill in your movement moment and reach the desired target and the canal roof.
Further to our previous idea, Ether crossed the bearish channel and now the bullish trend is shaped. We assume due to the uncertain market for Dollar, this might reach to the first target at 1700$ zone. Then probably moving to the next target at 1800$.
The pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.
However Gold started last week with bearish move, but tried to do some correction until the tension zone between $1780-$1790
This bearish intend might continue due to the hope of more support from new US administration for economy recovery and also having more liquidity in Coins these days. Therefore highly recommended to traders look for short to trigger in this market.
Which way is it going EURNZD?
As you can see, in the daily time frame, the price is on a downward trend and channel,We have seen a weakening of buyers of the euro against the New Zealand dollar in recent days.
That's why the price, which has once again reached the ceiling of the channel, we are witnessing stronger sales than the ceiling of the...