GuidoN

GuidoN

1 bar = 1 week The Euro broke out of a descending resistance line from 2008 in July 2020 and it now seems to be back testing it. As time goes by, there is still some space left for a bit lower levels, but if the Euro will not go too deep anymore and stays above the line, this could very well be a turning point since 2008. About half November occurred the...

GuidoN

On the hourly, being not that significant, I did notice a pattern on the Binance EOS-USDT chart. I think it does qualify as a Bullish Cypher pattern. The concluding bottom point, d, was at a critical area around a kind of down sloping ice-line. And this second bottom was exactly at the .786 from bottom to top. Plus, there is also some divergence between...

GuidoN

Or will it gradually continue to correct and slide towards the downside? There is some unconfirmed( ! ) divergence on both the RSI and the MACD. But whether these mechanisms are applicable on a dominance chart, is another matter. Looking at a larger picture and accounting for the fact that there is a lot of development in the crypto space as a whole, it seems...

GuidoN

Is this a confirmed EU USD break out of a 10 year downtrend? The trend line connecting the highs since 2011 seems to be broken to the upside at the end of last July. That was about time considering the RSI (below) and price divergence developing for the last 2 years. How many weeks it may take to get to a 50% retrace from the May 2014 high to the low of...