The parity price is reaching low, towards the vicinity of 1.9250, the area where the lower bands of both channels' formations cross over each other. It is at the same time an area which the price of the parity will most likely bounce off, heading the level of the previous top with 2.0370 and 2.0470 levels. 2.0700 will be considered as the next aim.
As the price is heading down, our next target will be the vicinity of 0.6420 level which is the lower line of the formation and the level of the previous ditch at the same time. After that, we expect a rebound. Since 0.6600 has proven itself to be a resistance for a few times in recent weeks, it will again be an important level for us to watch.
The price is fluctuating at a crucial 828 level. 832–836 remains a strong resistance area, although we need to consider that the price is losing its momentum. As 818 is a crossroad of the formations’ support lines, it will be our target in the further time.
The parity is testing 1.2900 level at this moment. It’s an important support for the current downside movement. Since the price is bouncing that level to the up at this moment, in short-term 1.2980 level will be targeted as it’s the upper band of the ending diagonal. After that, we expect the price to waver for a while inside of the formation and then break it...
The parity price struggles to break 128.00 level to the down. If the level appears to be too strong resistance for the parity movement, 130.70 and then, in long-term, 133.00 level should be considered. But as the downward movement most likely will be continued, 126.50 level is on our radar.
Gold price is approaching the tip of the small triangle formation. After it breaks the triangle to the up, 1260 level will be our long-term target.
As the price bounced off the upper band of the big channel formation (blue), we might expect the price descents towards the 128.00 level. Then it will reach 131.00, bounce it off and declines to the 126.50 level. By this way, the parity will form head & shoulder. But as long as we stay above 131 level, the price will bounce the lower band of the small ascending...
The parity price broke out temporarly from the channel formation but then it has erased its gains, and right now it is staying close to the upper band of the formation. 1.9630 will be a decisive level to test. If the price bounces it to the up and then again bounces the upper band off again, it will give a signal of the potential head and shoulders formation with...
The price has tested and then bounced 3.180 level off. Now it will test a decisive 3.330 – 3.340 area. If the price punches above that range, 3.540 will be on our radar. If the mentioned range proves to be a strong resistance, the price will bounce it off to the downside and first retrace to 3.180 level, then it will aim 50.0 Fibonacci retracement in the...
The price is trading now just below the upper band of the smaller channel. 836 is a strong support to watch, but once the price beaks that level to the down, it will decline towards the lower band of the mentioned formation in the vicinity of 820 level. If the price manages to pierce a resistance at 847, the upper band of the bigger channel will be targeted in long-term.
The price movement indicates an impulse, but it shouldn't be able to pierce the upper band of the wedge as there are no reference levels, because of the fresh highs in long-term. In this case, the upper band of the wedge will be our strong resistance to bounce off to the downside, retesting 1.6150 level in short-term. After that, 50.0 Fibonacci retracement level...
The price of Ethereum is consolidating in the triangle formation, so we expect a downside break out very soon. 188 level will be our first aim. After that, 175 will be our next strong support, especially as this level is situated on a bottom line of a potential channel formation. 145 level will be a strong support in long-term if the price manages to break the...
The parity price is reaching the lower band of the rising channel formation. 1.3140 will be our aim and the level to test. Considering the fundamental factors, we expect a breakout to the downside. In this case, 1.3030 will be targeted. 1.3240 will be the strong support level in the event of unexpected upside movement.
The parity price shows an increased volatility due to the fundamental factors. At this moment it is testing side-wards support line. Crossing the mentioned line to the down will indicate 50.0 and 61.8 Fibonacci levels as our downward targets. But as long the price stays above that line, 1.3100 will be decisive for the price direction whenever price will stay in...
The price has crossed the level of 3.000 and now it is approaching the upper band of the expanding diagonal in the vicinity of 3.230 level. It will be a decisive point for the next price movement. Once reaches it, the price will bounce will bounce it and retrace towards 3.000 level. 2.820 should be considered as the next support level since it is a lower band of...
The price of parity is heading down after reaching the resistance level at 1.3130. At this moment the price is testing 50.0 Fibonacci retracement level. As long as it stays above it, we will watch a retracement to the previous top. In the case of the downside movement, 61.9 Fibonacci retracement level at 1.3000 will be tested as next. Then, if the price falls...
The price is consolidating between 836 level and the lower band of the expanding diagonal. More likely we will see a downside breakout, with the area between 50.0 and 61.8 Fibonacci retracement level as a target. At the same time, the upper band of the descending channel will be our support line. In this scenario, the price will create the double top formation....
As the price has bounced off an important support line and right now it is on its rally towards the area between 50.0 and 61.8 Fibonacci retracement levels in 1.3030 - 1.3050 range. We need to take into a consideration, that the price is approaching a strong resistance level at 1.3020 level. As we can see, for the upside movement scenario there are many important...