Price broke through a key weekly trendline that's capped prices since June of 2016. This point also lines up with a strong support level that was broken through and is now being tested as resistance.
There's an Inverse Head and Shoulders pattern forming on the daily and 4hr timeframes. Price is at a very critical inflection point, which happens to be the neck line of the inverse H&S. We'll see how price reacts to this level. The Inverse H&S is signalling that we may have a trend reversal and we're headed back up. However, we have no confirmation of trend...
We're getting some sideways correction action at the moment, we can be viewed as a potentially continuation channel. I would like to see a break to the above and a retest of the resistance, where we'll look for how it reacts to that level. Idealy a simple bull flag would be a huge indicator of more bullish momentum, otherwise if we can't hold these levels, we can...
USDCHF has broken an ascending triangle structure on the monthly timeframe and we could potentially see price test the bottom of this structure at .71 level
On the Daily TF, price is creating LL and LH and has broken a daily support at 0.945 and came back to retest it as newfound resistence. With the Stoch RSI at the overbought end of the spectrum provides the...
After creating a double top, price broke through ascending wedge formation to the downside with a perfect retest of broken trendline. Price has now formed a textbook bear flag and we can expect the bottom of the wedge structure to be tested as support.
BTC has potentially bottomed out and recently broke a lower high and resistance level to the upside. This is not to say that we are 100% out of the woods now. The technical picture is still developing, However price is approaching a key inflection zone that has acted as support previously during the bull run and converted to resistance during the recent downtrend...
