Bitcoin daily chart not looking good. Bear flag currently playing out, with a measured target around 10,000; 30,000 support level currently being breached; and we also have a death cross!
A break of the 166 resistance area will provide an opportunity to join the uptrend!
Double top technical structure played out well. Now its up to the 200dma to keep the uptrend going.
Price currently testing the 200dma which is psychologically the last 'defense line' to keep an uptrend intact. There is also a bull flag like technical structure which if broken may take prices higher.
Price testing the underside of an upward channel; which (if it doesn't hold) may as well turn out to be a giant bear flag, with 45 & 40 being possible targets.
SBK continues to face resistance at the 140 area. Could it be developing a double top technical pattern? Only the 117-120 support area will confirm!
Previous resistance holding as support so far, as price is attempting to bounce from that previous breakout level.
Price attempting a break of the 100/105 resistance area on the weekly. Once that's out of the way I reckon 140 soon. Price in overbought territory though, so its possible we might get a pullback before the break!
A H&S developing there, a break of which could take price to 310/320. But until then, the trend is still up!
Probably a retest of the breakout level (around 135) before the next leg higher!
This should do it as confirmation, the trend is reversing up!
I'm not convinced the ZAR (strength) is done here; it's getting oversold yes, and a short term bounce is possible; but this #weeklychart says R11/R12.
Dax attempting a breakout on the daily. For trend followers, that could be an entry signal; (after a daily close above the resistance area of course) I have a 16,500 short-medium term target.
Breakout on the daily chart, should suffice as a 'Long' entry trigger.
Good set of numbers released during the week; but buyers still need to sustain the price above the 65 area to take prices higher.
Weekly close above neckline confirms inverse H&S; which should take us to new ATHs.