USDCAD is showing some bearish mood right now following gold and maybe soon oil.
Here is my TA, is my point of view I would love to hear what you think about it or just to know your point of view on the pair.
Clearly you can Up trends been broken, divergence on MACD indicator and the price tending to go to the downside on the bollinger bands.I also noticed that the price is at current highs on daily view or 4H so you know the motto ''Sell High & Buy low''.The pair also is heavily correlated to EURNZD who is showing heavy bearish sign's. I've entered a short on Kiwi...
I just saw this trade online and its vary possible for a short term trader !
(Also if I am right with the fact that after the holyday's BTC will send is cash flow into the forks)
It could be !!
to see !!
BTG is at is best price right now, Long term holding only will see the light !
I expect the BTC sell to happen after holydays...
Bitcoin cash is also a good buy right now go chek it up !
also Those coins could be a good possibility for those who missed the train with BTC !
The pair give back almost all the time most of the gains since the big trend is bearish .
I expect of give back at least 10 to 20 points from the gains of yesterday.
This is a short term trade spot.
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At this stage of the price is a good small short term trade.
I need to mention that the past of the pair is very bearish so no need to explain why I think it can give back 10 or 20 % of the gain of yesterday.
Also I could be wrong and be loosing while I'm writing this, but the pair is relatively slow and not volatile.
Trade on your own and good trading...
Here is a falling wedge, for those who don't work with Tech analysis.This is a pattern who is created when Sellers become less and less part of the market so usually the price should brake in a rise.
Also have in mind that it could be a total different outcome, cus anything and anyone cant predict the markets.
My advice is to hold if you have some and buy, or...
This is only the chart and the big picture of the potential, but it could be faster..
Look at the project, the market of cloud storage is only 20 something million and could reach 200 something millions dollars value.
The community its still young and not popular as personal cloud storage is still young to.
This coin will be a useful tool one day.
So buy and hold...