uoi2020

uoi2020

Based on technical analysis and the application of Fibonacci slope/angle techniques, Bitcoin appears to have reached a temporary peak at $70,000. The Fibonacci sequence, a set of numbers where each number is the sum of the two preceding ones, is often applied in trading to identify potential support and resistance levels, as well as trend reversals. When...

uoi2020

The analysis provided suggests that the SPY (SPDR S&P 500 ETF Trust) has broken out of a falling wedge pattern that began in January 2022 and is now on the verge of breaking out of an ascending triangle pattern. The falling wedge pattern is typically a bullish continuation pattern, while the ascending triangle is also a bullish pattern that signifies a potential...

uoi2020

The SPY monthly chart presents a very bullish outlook as it has recently broken out of a well-defined bull flag pattern. This technical formation is a significant signal for traders and investors, as it typically indicates that the current trend is set to continue, and that the market is on course to gradually recover from its bearish phase. A bull flag pattern...