The price is wavering inside of the triangle formation. Our next level to test it will be 6900. After that, the price might bounce off and continue to move toward the tip of the formation. After breaking to the up, after 6900, 7150 and 7400 will be the next level to test.
As the price is steadily soaring and as long as it stays above 86.50 level, our next target will be the upper band of the wedge in the vicinity 88.20.
The price of the parity has bounced off the upper band of the small descending channel formation. As the downside movement continues, the price is more likely to fluctuate between 50 and 61.8 Fibonacci retracement levels. 1.6950 will be the next support. If the price bounces off that support, it will return to the upper band in the vicinity of 1.7130, if not,...
We can see a small wedge created inside of the bigger one. The price repeatedly bounces between the bands of the smaller formation aiming the upper band of the bigger one in the vicinity of 0.7540. But in the short-term, the price will decline and our target will be 0.7400 level.
The price is the upper band of the descending channel formation. Price tested 0.8610 level earlier, but it didn’t manage to cross it, declined and bounced off the lower band of the expanding diagonal. At this moment price is rising and it is about to test 0.8570 level. If it breaks that level to the up, it will continue to form the diagonal and reach 0.8610 –...
The parity price is testing 1.6090 – 1.6120 range. If it bounces off that area, it will retest the previous tops’ level at 1.6330. If it breaks the area, it will create a double top formation by declining towards 1.5850 – 1.5870 area.
The parity price has completed the corrective move and now we can observe the second impulse. 118.30 – 118.50 will be the resistance for the price movement.
The parity is trading inside of the rising channel, testing now 1.8400 – 1.8470 range. If it bounces that area off, it will head down, but the strong support level at 1.7950 won’t allow the price to reach the lower band of the formation.
As the price is heading down, towards the lower band of the formation to around 2.760 level, we can expect it to bounce to the up soon. 3.000 it will be a strong resistance level, as it is a level of previous tops. More likely the price will bounce against it, but if it manages to pierce that level, the price would go further, towards the upper band of the formation.
The price has bounced off the strong resistance level and now it is heading down. 128.00 – 128.30 range will be an important area to test. If the price breaks it to the down, it will form a double top.
The parity price is trading inside of the descending triangle formation. As the downside movement continues, the price will eventually reach and test the strong resistance of the lower leg of the triangle. Then we will observe the price to bounce inside of the triangle formation until reaches its tip. Then, if the price break to the up, it will soar to 1.1440 level.
The price converges towards the tip of the triangle formation. Once it reaches the tip, it will break out. In the case of the upward break out, our strong resistant will be previous tops at 1.5340, 1.5560 and 1.6150 levels. In the second scenario, the price will break the triangle to down, reaching the lower band of the descending channel formation.
As the parity price won’t be able to pierce resistant level of the upper band, it will bounce it off and wend to the down, testing on its way 1.1650, 1.5960 and 1.5620 – 1.5650. After that, if the price manages to cross all these levels, the lower band of the channel will be the final aim.
The parity price is testing an important level of 0.7130. As long as the price stays below it, the lower band of the descending channel at 0.6900 level will be targeted. In the other scenario, the price will cross the current resistance level and climb towards the upper band of the formation near 0.7300 level.
As the price bounced off a strong support line, it will climb now towards 80.20 and then test 80.70 level. Once it crosses 80.70, the upper band of the descending channel formation and the level of the previous top at 82.00 level will be our next target. 78.00 will be a strong support level in the case of the drop.
The price of the parity continues its movement fluctuating between the line connecting previous tops and the lower band of the big channel formation. As the price keeps trading this way, now it will move upward to the vicinity of 74.50 level. Then, it will bounce off to down, near 71.60 level. More likely the movement will continue, while the price converges.
The price of the parity is staying just under the descending channel right now, but we expect it to retrace into the formation soon, especially that we are in an oversold area right now. 0.6400 and then 0.6450 will be our short-term targets. In long-term, the parity will aim the upper band of the channel at 0.6570 level. But the price passes the 61.8 Fibonacci...
The price of the parity is swinging between 61.8 and 50.0 Fibonacci levels, unable to pierce the strong resistance of the channel’s upper band. Once the price breaks the 50.0 Fibonacci to the down, we will watch 1.1530 as a support. Further decline would mean the price will form a head and shoulders will be completed at 1.1440 level. In the second scenario, the...