Since we broke out of the wedge and just snapped back to former resistance levels without breaking through, maybe in the short term we are moving in a narrow downward channel? I'm trying to estimate the date at which we will have to fill the gap... Thoughts?
I'm not trying to predict which way it is going... (To be honest, I would be fine either way but I'm open for an extended consolidation period to quite down all the hype) but in my opinion it looks highly likely that we will have a breakout from the zig-zag pattern of the last couple of days ahead of us.
JNJ seems to have weathered the immediate storm resulting from the news around the asbestos. The MACD looks promising and the trend currently holds at the bottom of a very long term upwards channel. However, JNJ shall not break down below the lower channel boundary for too long to stay the course.
Will BTCUSD find support at this key level or get rejected once more? The current rate is closing in on the 30 day TEMA while it tries to break out of the upward trend channel. In mid-February we found support at this level but have been rejected just yesterday. The chart is also about to bump up against the big downward trend channel that has been a key...
I think the most of the price action has happened for today and I expect some sideways action for the next 4-6 hours before we will see our next decision. Which way it goes, nobody knows. 2 small green candles on the 3h chart will fit the current pattern perfectly and might form a bear flag. Overall still bearish on BTCUSD short. Good night!
I'm looking to get into POWR given its recent rally. I'm trying to find a reasonable spot how far it might correct after the most recent run. Thought?
The current short term plan is to wait for tomorrows NEO related announcements and take some partial profit. The profit would go straight into investing in POWR.