That is why i think Ether will soon beat bitcoin in capitalization:
1. Market cap is more 1Billion$ and it is growing.
2. Infrastructure of smart contracts (custom logic above blockchain technology) involving startups and big corporations (Microsoft, UBS etc.)
3. New opportunities for companies wanting to use ...
It looks like H&S pattern is forming on H4 timeframe.
Possible entry points:
1. Near 1.1250 after test of middle Bollinger band and reverse.
2. Near 1.1122 after breaking shoulder line and last minimum.
Target 1: 1.1048 (38.2% Fibonacci)
Target 2: 1.0950 (50% Fibonacci, 200 SMA)
I see possible start of the correction in EURUSD.
RSI(3) is overbought and has a divirgence.
Hanging man candle is formed - possible reverse signal.
I suppose that profit area is between 1.1060 and 1.1000 (50 - 61.8% Fibonacci levels).
Gold falls from last peak near the 200 day SMA, I think next goal is near 1093 (61.8 Fibonacci level).
It confirms by few other indicators:
1. Bearish divirgence in RSI(3)
2. Bearish engulfing near the upper Bollinger Band
My recommendation is to sell with TP = 1090 and SL = 1128.
XAUUSD is testing last maximum level, if it goes upper, the next resistance will be near 1200, but now I'm waiting for a local correction to the middle of Bollinger channel in next 2 days.
RSI(3) indicator that shows overbought near the upper Bollinger band confirms it.
Bullish engulfing formed on FX:XAUUSD monthly chart near the lower Bollinger band.
Price can test 20 period MA, and then monthly trend line near 1180.
After that it can revert and test 200 period MA in few months, and there might be a bottom of the downtrend.
According to some historical observations, GOLD is ...
Guess it is possible to get 15-20% gain here in less than 2 months.
The Bearish ‘Bat’ pattern is forming, point D can be near 16.
Bullish Harami near the lower Bollinger band can be treated as a reversal signal in a short time trend.
Point D is on the way of 200 day MA.
A positive gold seasonality from the end of ...