After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish...
Bitcoin has broken lateral resistance in 1H frame with a big bullish candle. We could see, after a corrective structure that confirms the breakout, a bullish scenario till 7.500-8.000$ on the next weeks.
After a bullish correction, pair has been on a weekly consolidation to see if the price could go further. After that, price broke down and now MA200 and MA50 has been broken. We can expect a bearish scenario for the pair on the upcoming weeks.
First of all, I want to apologize about this months I was offline. Since now, big things are coming.
As to the chart, after a big impulse from this pair, price has stopped at 1.00 psychological level of resistance. RSI is showing some divergences wich could indicates us a possible short movement this week.
Also, at the 1 hour chart, we can see a typical...
After a big bullish wave, price has been in a correction structure the last weeks. A triangle pattern has been formed with a 38.2 % fibonacci retracement. We could see an impulse this week to MA50. Then we have a breakout of it to validate the pattern.
After a huge bullish impulse, price is retreating to the last resistance level wich becomes support level. We can expect some sideways movement till 50% fibonacci. Long opportunity cames after the breakout of the corrective structure. Let's see how it develops
Price seems to rebound in a bullish channel. High frames shows us a psychological resistance level(1,25)+ overbought RSI. Price probably will test that resistance. If it breaks, will have a bullish scenario, if not price will probably entry in a corrective structure (50%-61.8% fibonacci retracement).
Price is moving on a corrective structure the last days. Also, high frames show us a similar pattern as we see in 4H frame. We should wait for a retest&rejeciton of MA50 or breakout of the structure to think about this sell opportunity.
Price was in a corrective structure the last week. Today the breakout has occurred and we can expect a bullish scenario the nexts weeks.
Probably, all the pair will experience low volumes next 2 weeks due to Christmas holiday.