We are currently in the middle of the month and Christmas is coming. This is a quiet period and normally there will be little movement here. We can therefore conclude that the biggest moves of the month have now come to an end within a week. Assuming that the price closes around this value at the end of the month, we see a pretty good respectation around 200. This...
This is a 6 month chart of the US30 (DOW JONES). We are in an uptrend for the last decades and if this year closes at an all time high or really close to the all time high, we are really likely to see bullish continuation. At the end of last year we saw global stock markets go down resulting in an retracement. This year has had it's ups and downs but the last...
Potential retracement possible towards the 1.60 level, then aiming down for 1.30 where price currently is.
From that point, we can expect price continuation down towards 1.00 or price reversal towards 2.00
Significant sell off in all the cryptocurrencies, but this one rejecting on a key level. Potentially going to make a 2nd touch (bottom) and reverse in movement.
Support at 10.00, rejecting there now.
Resistance at 15.00, aiming for that level.
Definitely bearish view on actually all the cryptocurrencies right now. Significant drop down, staying bearish till at least the end of May lows.
2 important levels away from price now.
Resistance at 0.63
Support at 0.58
Further updates will come
Expecting further bearish move. The Asian session made the yen strenghten (so GBPJPY weaken).
This sell off was quite significant making it difficult for price to continue higher.
Now looking for a drop towards 144. Potentially retesting the trendlines to make one more swing before continuing down
First had a downtrending channel, recently price broke out of this channel, but finds it hard to break clearly.
Matching up a zone of resistance and an area that looks like a double shoulder head and shoulder pattern, price is more likely to go down and test the lows for a potential bottom in the market.
Conclusion: View is neutral until it either breaks the...
Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level.
21k also a fib respectation, so decent support to range between those levels for a while...