The longer that price remains within the pattern the more energetic the move may be.
On the Short side, there are well defined support levels in close proximity beneath the current price.
On the Long side, the next major resistance levels above it are further away and may encourage large unhindered bullish moves.
A Triangle pattern has been forming since 11th November with constricting ranges.
Despite the recent release of positive Fundamental News, price has been trapped in a range bracketing the 0.38c level where 7.19B CRYPTOCAP:ADA has been acquired, an important level given that 65% of ADA holders are holding unrealized losses. Much attention will be on the 40.0c...
The larger timeframe is bullish and there has been a recent pullback which has found support on the Daily 50 SMA.
On the other lower timeframes it has penetrated below support which could signify the beginning of an end of the bullish run.
Consolidation and a pause in the pullback could be an opportunity for a quick Swing trade in the direction of the larger trend.
Gold is indicating a decreasing of it bullish momentum.
It is however nearing long term high price levels which it will likely want to test.
Breaking through those resistance levels would be a bullish sign.
Observe for a rejection of that level or a breaking of support lines to go Short
Volatility is decreasing on multiple timeframes with lower highs and higher lows.
Low volatility begets High volatility with a squeeze often being followed by a volatility breakout/expansion.
It could be a sign of caution and patience for the upcoming AUD news but many institutional participants may take a directional position prior to the release prompting an...
Possible Reverse Head and Shoulders pattern signifying a Reversal of the previous recent downtrend.
There is a zone of uncertainty between the H&S neckline, the 50 SMA and the larger timeframe trendline. The market usually wants to test these levels
The MACD indicator is showing a return of positive Momentum.
The conventional projection for the Take-Profit target...
There are well defined entry and failure points for either Long or Short trades.
It is testing significant moving average levels on the larger and smaller timeframes so wait for confirmation by price moving significantly away from them before entering a position
AUDCHF has pulled back from its larger time frame uptrend and is now testing major moving average support levels. Providing it does not oscillate around this level, there are well defined entry points to commence either a Long Swing Trade or go Short at the failure of support.