In front of you is a potential Double Top Pattern on GBPAUD (Pound Aussie). It should be valid if it breaks below the area assigned 'ENTRY POINT'. If that's the case your SL should be at the white horizontal line (Resistance Area). Take profits area are show in green.
Trade with care. Share your opinions & ideas in the comments section
BCHUSD seems to be holding above a key support level, but the downward sloping resistance line will still be in play for some time. Short-term, if the price breaks above the short-term downward sloping trendline, then there may be support for a slow move upwards, limited for now by the horizontal resistance line.
Bearish flag pattern of past week scares everybody who hodl that coin. We think it could be even worse, theres a big possibility Ripple can break to 80cents and then slowly recover after few hours/days. In our It'll be very fast race, as you can see at the chart, breakdown could happen tomorrow, but no one knows, XRP market is very unstable and forecasting it is...
Because of the quick move between A-B, I have created the modified schiff fork to the downside, which is showing good frequency as marked with the arrows to the downside. This could very well be the controlling fork to the downside.
Price is extended up to resistance near 2675. We have dropped a bit, and are now testing another resistance point at 2665. Look to see if price will drop a bit more before trying to break 2675, or if we can get a push above 2675 and retest as support before going higher.