Since the last dramatic drop, today was the first confirmed EMA crossover pushing the Bitcoin up to EMA200 on the hourly chart. If EMA200 holds as support, then we might see another push higher to 5200 - 5400 level (EMA200 on 4H), then we will take a breath to see what might happen next.
This is an analysis of the major pairs for last week, and a proposed strategy for next week for day traders.
EUR/USD is still in a down trend, with major resistances at: 1.14300, 1.14745, and 1.15320.
It has managed to break EMA-50 on Friday, but so far there are no clear signs of a trend reversal. If it continues to fall under EMA-50, this is a...
Here's what I believe will happen in due time. BTC will complete the shown harmonic pattern which will end at the previous support level around $7,800 and then reverse bullish. Hopefully if BTC could break the previous resistance well above $12,000 that would be the end of this bullish wave.
Bitcoin Cash is expected to make a big move. It is making major progress in China and Asia, but the adoption is not yet built into the price. Expect a good buying opportunity if it breaks the triangle above 0.2 BTC, set targets around 0.35 BTC.
The DEV team announced an aggressive plan for the re-coding of AEON and hopefully rebase and GUI wallet will be completed soon. This has pushed AEON out of it's triangle and I expect that it will continue its trend for a while.
There is currently 24X the amount of buy volume orders (around 5,200,00 tokens) compared to sell volume (around 215,000 tokens) and this...