Previous bullish support level did not hold But the underlying trend remains strongly up And prices seem to have stabilized since their last drop They are in a price zone that has often served as support in the past Prices could bounce back to the upside.
Prices have recently managed to mark a new high since their last bullish rebound Buyers are still present, even if the trend is down. The market is slow and behaving like a range, but prices are still following the uptrend line, so the bullish scenario remains.
Prices are still in a bullish channel The previous high gave rise to a bearish retracement This suggests the possibility of a new bullish rebound And prices are actually on an intermediate bullish support line
Prices have bounced off the high end of the triangle Now they seem to be heading towards the lower boundary If they manage to break it, it will reinforce the bearish continuation hypothesis. This could lead prices to new lows.
The bullish retracement ended with a bearish rebound on a downtrend line Prices seem to have entered a bearish recovery phase. In order to confirm the previous bearish breakout, prices must now return to their lows.
The bearish retracement has been extended One of the two potential support lines has been eliminated But prices seem to be bouncing up on the remaining one. In theory, the underlying trend remains bullish
Prices are framed by two bearish channels. The new one is steeper than the first one. Prices could accelerate lower in the coming days If the scenario is confirmed, to begin with, prices will return below their last lows.
Prices are in a bullish channel More precisely on the lower bound of this channel A bullish rebound is possible in the next few days If this scenario is confirmed, I envisage a return to the highs.
The new high has almost been reached But a final retracement has been made However, the trend is still bullish In the short term two bullish support lines accompany the prices In theory, a bullish rebound could follow
Prices are in an uptrend They are currently bouncing on their trend line In theory prices could reach their last high
Prices have still not managed to break out of their range This is reflected in the formation of a symmetrical triangle (hesitation pattern) But the underlying trend is strongly bearish In theory, they are waiting for an exit of the triangle in bearish breakout to see prices continue towards the lower bound of the range.
The bearish bounce seems to be working Prices have broken through bearish resistance In theory this is a continuation pattern A retracement is underway but prices could quickly return to the downside
The pair is still in its basic bullish trend After a period of range trading, prices seem to have found a bullish rebound point Two trend lines seem to be able to accompany the rise In theory the bullish scenario remains in place Prices could go for a new high
Still in a downtrend. It is likely that prices will mark a new low To do so, they must first break out of the range in which they are still stuck And indeed, the previous bearish rebound seems to be working well so far. So it could be that prices will soon bounce back down into the area of the intermediate trend line before continuing their descent to the bottom...
The underlying trend remains bearish And indeed, prices are accelerating since the slope of their trend line has changed This one being steeper and steeper, it is possible that this time the prices manage to come back totally on their low.
Prices remain in a bearish underlying downtrend on this pair and even if the pair continues to retrace upwards, it is unlikely that the uptrend will continue And once again the pair is on the hypothetical upper bound of a horizontal range. In théory, this could be a potential bearish rebound zone.
The pullback has been successfully validated. Prices are now well oriented upwards It is now a question of returning to the previous high. If this scenario is confirmed, depending on whether prices decide to go there more or less quickly, 3 trend lines are available to support their progression.
Prices seem ready to confirm the bullish rebound hypothesis. A new trend line is being formed As long as prices remain above it, the bullish scenario remains possible