The 'Falling Wedge' that was identified in EUR/USD has confirmed. A long position is taken at $1.1775 with SL in $1.1700. It is expected that the height of the formation (H) will be replicated, which is approximately 220 pips, reaching the resistance zone marked in the picture.
Monero violated an important resistance at $103 on Wednesday, which had been respected very well. It is currently making a retracement to the same level, so it may generate a good buying opportunity if it resumes the upward trend and confirms above $110.15.
LTC/USD violated an important trend line that started since the beginning of October, at $ 57.70, it is currently making a pullback at this level. I expect it to resume the bullish trend and as a confirmation a close above $ 61.70, if so it can reach the resistance area marked in the image.
OmiseGo has respected very well the diagonal resistance since the beginning of October. Finally violated the trend line at $ 6.90 approximately, it is currently making a pullback to the same level. If the upward trend resumes, it can be a very good buying opportunity, as a confirmation we can expect it to define above $ 8.50.
A 'Head & Shoulders' is currently being formed in BTC/USD, it can be clearly seen on H4. This is a counter-trend formation, which may indicate the beginning of a retracement in the asset. The formation bill be confirmed once the line of the 'Neckline' has been violated, which is approximately at $6940. Once this level of support has been violated, it is usual for...