SPY broke downtrend and is pulling back to test trend. May pull back to 398 and then proceed to go up from there. Additionally, the daily chart is showing an inverse H&S pattern. Expected upside is 460 within 110-120 days. Expecting FOMC to be neutral hawkish for the pull back and ER to be solid with guidance to pick up Fed remarks. Also expecting the 25 base...
Waiting on BINANCE:BTCUSDT to make its move. The end is in sight just waiting for it to get down there. Showing support around 13850, 6388, and 3334. Fib showing Golden zone around 7019 with potential to go as low as 4116. The 2018 cycle ended where BTC is currently sitting. The 2018-2019 downtrend was approx. -75% and we are currently at -73% is this it for...
ETH showing support zone around 1030 and resistance around 1360 range.
Additionally, it looks to be forming a rising bearish wedge.
Fib showing could go as low as $830 and as low as $630-ish.
Thinking ETH may complete confirmation of the wedge approach the lower end of 1300-1330 and then start pushing towards the Fib zones.
Chart presenting an inverse head and shoulders. Also the formation of an ascending triangle. On the 4 hour there was a downward trend that was broken and retested. May retest the golden area of the Fibonacci and decide where to go from there. However, currently things are looking bullish. Also 8EMA about to cross over 21EMA and MACD showing bullish.
Strong is looking like it is going to challenge $300 and if it fails to maintain that area, it will see $230. Im invested in Strong and hope it will turn around soon, but it is not looking like it ...
