eosbtc in consolidation: at first glance it look like it will be a continuation pattern: but upon further inspection; considering it has almost no momentum going up; i remain sceptical that it will break up: but time will tell: best of luck to all:
a look at gold on montly. december was a bullish month, january is probably a bit of a breather month, and then it takes revenge in february possibly touching $1360 or thereabouts :)
Target for february is $1360 for now. Alot can change in the meantime so will have to revise :P I probably wont be updating this idea any further tho.
Have a nice day.
This is a cup and handle. What im expecting next week is a potential dip below the handle, but if it retraces back inside, essentially creating a wick outside and underneath, then its possibly going to the top of channel and eventually breaking up the top. But lets see.
German gas prices has risen to the highest level since 2014 despite oil 1.80% prices collapsing. This is indicative of inflation?
The ECB has yet to raise rates and the longer the wait the more extreme the inevitable rate hike could be. This could make the EURO 0.02% explode in value as people buy it up to pay back debt and what not. Who knows.
Based on the chart it looks like oil is coming to and end. Basically the price is hanging out in the lower half of the circle which indicates weakness. Eventually it will break out the bottom and a correction ensues. In less than four years electric vehicles are going to become mainstream, every manufacturer will have an option. It will change sentiment on oil...