Another Altcoin showing good upside potential with the minimal risk.
Price has bounced off the bottom of the channel, suggesting that the uptrend is valid. The new Fibonacci cycle is about to start, which should result in a rally towards the 72k resistance area.
Bounce of the trendline? Do bears remain in control? Hmmm smells like the downtrend is about to continue..
We have approached the point where Gold has entered a key demand area. This is likely to be the beginning of a next bull run towards the new all-time high. Tomorrow is NFP and it seems it will be much worse than expected. USD is struggling and it might be positive for the price of gold. Enjoy the rally!!!
Pretty interesting entry point, for the short term rally.
The Canadian dollar is going ballistic across the board, this should also reflect on NZD/CAD.
GBP is very strong across the board, which should price up quite a bit in the coming days.
USD/CAD is still in the bearish trend and right now, after bouncing off the resistance the downtrend is likely to continue.
Ontology is one of the first coins, along with EGLD which has provided me with a clear buy signal. But, we wait for a pullback to get a perfect rr.
This is a short-term view on Bitcoin. We've already shared an analysis where we called the bottom for the BTC. So overall the crypto market is very bullish in the long run and on this chart, only the nearest minor resistance is used as a target.
The Pound could be going through the final wave up, and now the rr is very good for buyers.
Bitcoin could have tested the bottom
Now it is the perfect time to get back to the Alts and the Bitcoin of course. Perhaps this will be the strongest wave of all, which might result in a massive rally prior to the major correction.
The USD is feeling very strong once again, whether for a long term is yet to be seen but there should be at least one more strong wave up across the board, including USD/JPY.