The crypto currency is squeezed just under 8000usd. Even its reached at the end of the descending triangle, it still couldnt break in any direction. We might see the continuation of the side market movements.
After yesterday hike the stops are cleared and now WTI turned its face to the south. 61.30 is the crucial resistance level. If the oil cannot break this level, we might see the price falling accordingly..
There is a choppy market movements on the crude oil last days. There is a slightly sell pressure on the oil and the trendline support level is around 61.35. If this line is broken, we might see a significant momentum on down side.
As you can see from the chart, there is a descending triangle on the currency. The crucial point is around 1.3485(follow the green upper line for the exact level). We might see a fast bullish attack in the case of that line breakout.
The currency is falling by stairs pattern while there is a falling line(green colored) above the price. Currently it looks oversold for the last week and we might see a fast upward attack from 110.180 point. It is hard to say the trend will be changed to the bullish but we might see a nice technical breakout..