Since EURCHF has now crossed successively all MA to the downside, I expect it to move back t the support of the ascending channel formed a year ago.
The latest flash formed a perfect pull back on the Flag pattern that BTC broken out recently. Now forming a smaller parallel ascending channel, for the continuation of the flag pattern with first target at 69k$.
While Bitcoin has formed recently a clear ascending channel and bounced few days ago on the support line, it is now breaking out the bullish flag that was formed within this ascending channel. Target is now to raise up to the resistance of that channel around 75k$. Price will certainly retest the flag before resuming the growth.
While BTC was currently forming a raising wedge (dangerous as oftenly a bearish pattern), last night BTC broke its support line with a light bullish RSI divergence, as it did a month ago. Now there is ahigh chance to see a lower low confirming this bullish divergence in 4H RSI. Is that bottom holds, this will form a clear support line from previous low and...
Hi guys Not a trading advice, but I've been following this pair for long. The price is on the upper edge of the monthly downward channel, we've seen a long accumulation since few months now. In the next days or weeks, the price should do a movement that will decide of the continuing trend : - either a break out of upper downward channel(resistance), certainlly...
Hi guys That's the first idea I'm posting. As the downward channel finally not broke, we see the downtrend moving forward. getting to a weekly view, we saw this huge Head & Shoulder pattern forming since few years, seem like we may close the right shoulder in the next weeks. If Pattern is confirmed, we should see new lower lows ! Of course that's just an idea,...