What seemed like a retest of the broken trendline support is now looking more like a false breakout. The resistance is still holding strong, and from a trend following perspective I would like to get on the bear side for the dollar. What do you think?
#PBR is now at the lower end of the channel
Following history of the chart is now set for upside
Managed to close above 50MA
MACD approving level above 0 (bullish)
RSI is gradually increasing
disclaimer: I have not studied charts only watched chartists on TV. Here's my amateur attempt. But I would say my previous career was in design so I will claim to be 'visually lead'. FWIW.
So, Tesla broke trend a while back. I'm hoping I see a resumption of that trend. The channel should be somewhere between 760 & 820 by earnings.
Seeing this strong upward channel on the 15 minute chart. I think if it holds at the lower support she'll bounce to 394. Please comment and let me know what you guys think and if ya agree or disagree. I want to see what other people might be seeing as well. Good luck out there my fellow traders!
In the future, trends for Ethereum seems to be contradicting themselves, while longer trend shows price contraction (rising wedge), recent trend seems to favour upward channel. If the upward channel were to prevail, we could expect price to reach as high as 2000 USD within few days!
EUR/CAD 🇪🇺🇨🇦 is testing 2 Resistances. I expect the price to pullback from this area as we have multiple evidences for that. The price is lying just on the BB Upper , let alone that RSI and Stochastic are in the pretty high overbought areas, thus the test of the channel's midline is expected.
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After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line.
That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control...