USDCAD is showing signs of continuation for more downside on the daily and 4H.
Looking to target at least a few hundred pips lower.
We're looking at a few weeks of consolidation, in line with the corrective structure on DXY for more downside.
This Should play out over the next few weeks
So I think we've seen the bottom of this Bitcoin correction.
We have corrective behavior + an inverse head and shoulders peak completing.
Once we shift, we should see all time highs pretty quickly.
I've been tracking this correction on Gold since the obvious corrective behavior started forming in August.
It took over 6 month to complete, but this pattern has clearly been broken with a Fat Impulse.
My original entry is at at $1692 and I will be scaling in on corrections.
My first Target is $2150.
This falls in line with my Thesis of a bearish Summer for...
All signs pointing to another Big Leg Up Coming for UNI
We've been in this text book corrective consolidation for over a week and it's only a matter of time before the next impulse starts.
With Uniswap V3 having just launched yesterday, improving the capital efficancy of the protocol, I think Uniswap is extremely undervalued sitting at the #11 spot on the Market...
My analysis for GJ.
We Saw a Peak formation form Last week after 3 levels of rise. We saw a move up that failed to break the Peak formation high, so I belive we are currently in Level 2 in the bearish cycle.
I think we will see a nice drop down to at least the 132.50 area before seeing any significant rise. Once we get down to that level I will be looking for...