Looks like a ascending wedge, which suggest a weaking of the bulls, given the current market conditions, extremely greedy, I expect natural gas to make new lows. I guess only time will tell how this trade plays out.
From a technical stand point this is highly oversold, given that the average bid price is 1.30$ dollar we could see a death spike for the Luna project comes to a complete end, or we may see it recover to it's recent most highs considering that an overwhelming number of people are able to regain trust in this project and the short falls of the previous stable coin...
Who's ready for the silver dip, the market sentiment and Elliott waveform both suggest that we are currently in a downtrend, I expect this down trend to extend into the next few week. I guess only time will tell.
Look like market fear is all we need to see the ticker symbol GBPUSD go above 1.42, we have seen a steady decline of moment to the down side, Which strongly suggest that it could be time for a mid term correction.
looks like prices have stabilized, at current prices we see allot of fear based trading, but i think it's best not to give into these short term trends and look at the bugger picture, natural gas has been in a uptrend for a while now and i see no reason for the uptrend to come to an end.
I have reached a new consensus that oil will rally, as of now oil is in a expanding wedge, there's a lot of fear based trading taking place at the current level, we could see prices as high as 120$ per share, a break below the current level could see prices plummet however current pressure favours the upside.
Looks like we have a big short upcoming, good luck to everyone and may you all make a lot of money. we may see a head and shoulders pattern followed by a huge move to the downside but only time will tell, as of now, I expect a midterm downtrend which could possibly turn into a longer-term downtrend, a long-term down trend is in sight, just a matter of time.