This is a good zone to watch. We either hit lows, or we bounce from here. The bias is long from here I believe as we were looking to test this zone for a long time. We can see the recent head and shoulders pattern calling for a drop, but hysteria kept the price up for longer than anticipated.
NZDUSD is at a key zone here and we are seeing a lot of bearish volume come in. We could potentially see price sell down through this support and possibly the ascending trendline.
On the flip side, we could see price bounce from these zones as well for a potential long, but with DXY starting to look up with interest rates increasing in the future, it is more...
Red is usually bad unless you're leading the Chinese communist party.
From my view on the monthly I see repeated rejections on resistance. I don't think we're going up, it's time to bomb out on the dollar. Check the gold chart for reference.
Roblox to release earnings on 8/16. We're seeing some heavy call flow come in and the setup looks clean from a technical standpoint. We have a break of resistance, that has now turned support on the 1H and 4H timeframes. This could go up quite a bit potentially.
GBP/USD turned to the downside, broke through the channel bottom and then came back up for a re-test of resistance. I will target the 200 EMA below but instead of holding a swing, I will scalp trade it on the way down.
After checking the daily and seeing that instead of pushing below this zone, bitcoin instead has been consolidating. We can see a rounded bottom forming, we can also notice volume picking up at this zone and bullish price action follows.
I think it is likely that this summer we will see crypto follow bitcoin upwards again.