Potential retracement possible towards the 1.60 level, then aiming down for 1.30 where price currently is.
From that point, we can expect price continuation down towards 1.00 or price reversal towards 2.00
Significant sell off in all the cryptocurrencies, but this one rejecting on a key level. Potentially going to make a 2nd touch (bottom) and reverse in movement.
Support at 10.00, rejecting there now.
Resistance at 15.00, aiming for that level.
Definitely bearish view on actually all the cryptocurrencies right now. Significant drop down, staying bearish till at least the end of May lows.
2 important levels away from price now.
Resistance at 0.63
Support at 0.58
Further updates will come
Expecting further bearish move. The Asian session made the yen strenghten (so GBPJPY weaken).
This sell off was quite significant making it difficult for price to continue higher.
Now looking for a drop towards 144. Potentially retesting the trendlines to make one more swing before continuing down
First had a downtrending channel, recently price broke out of this channel, but finds it hard to break clearly.
Matching up a zone of resistance and an area that looks like a double shoulder head and shoulder pattern, price is more likely to go down and test the lows for a potential bottom in the market.
Conclusion: View is neutral until it either breaks the 630...
Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level.
21k also a fib respectation, so decent support to range between those levels for a while...
I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this.
On the monthly chart biggest dollar weakness seems to be over. The facts:
-Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go...