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ETH Breaks Below 1k! What's Next?A few articles ago, I talked about ETH breaking the weekly trend line (teal) and the next major support being $800. Seeing as we just broke $1,000, I strongly believe that is the next target. The macro environment has been extremely bad the past couple of months and is showing no signs of slowing down (30 year fixed rate mortgages are approaching '08, '09 levels). ETH broke below its 200 EMA two weeks ago and is now on a trajectory for my first DCA weekly support of $800. After that, I'm looking to purchase more at $530, then $308 (the next weekly support levels). The Whales buy-sell indicator gave us a great short entry towards the end of April and hasn't flashed a buy yet. I'm still waiting for the indicator to flash a buy, as well as ETH to cross back over the 200 EMA . Until this happens, I am still only looking for leverage shorts and spot buying at my predetermined weekly support levels. If we bounce from here, the next major resistance will be near 1400-1500 which coincides with weekly resistance and the 200 EMA .
BINANCE:ETHUSD
by Thorsten2211112
EURUSD: To new lowsEURUSD has been around a key level 1.16 for several weeks. Price couldn't break above the 1.17 level, going back down below the so called support level (1.16). Despite the fact that this zone hasn't been tested enough to consider it now a resistance, fundamentals might give us this impression. So what can we expect from the EURUSD: Fundamentals: Speculations are expecting Tapering process to be announced by Fed Jerome Powell tonight, lowering its spending on US investments. Starting TAPERING means starting a 6 to 7 month process in which the Federal Reserve suspends all of its financial assistance to support the US economy. The first effects will be on the USD ,Stock indices and Bond Yields, and finally the JPY and Gold. Normally, we can see the strengthening of the #USD and the weakness of other commodities and currencies. Technically: Price is around the 1.16 level. Double top might be forming, indicating the incapacity of the price to break previous highs and thus continuing its bearish overall trend to new lows.
Short
by Therealsmaira
STRONG SIGNALS ON THE GOLD TODAY - GC1! - 15MNThank you for your likes and shares! Much appreciated! Post here are shared on twitte also. _____________________________________________________________________________________ The session have seen two amazing trades opportunities today. One with an early squeeze of the buyers and a nice large candle stick later on breaking the down the lines. Ending its movement on another squeeze but this time of sellers. Where the probability of seeing the market reversing its trend is very strong. We notice an historical support line up trending which has become a resistance at the end of the session. Some interesting horizontal secondary support/resistance lines can be also considered. There is no hazard in the market choose to close by one of those.
COMEX:GC1!
by Diallo_Charts_Ideas
Bitcoin: BTCUSD Key Levels and Breaks for Sunday Trades Bitcoin Bitfinex Feed Sunday Update The first short yesterday from 7049 was stopped out at 7061 for a 12 point loss. Bitcoin went on to make a high after that at 7071 - a poor stop by 12 points. This is my bad here, not the chart's - just a poorly judged spot for the stop. Sorry for that one. Anyway the second time it broke 7050 gave another chance to short and this time when it next counter-rallied the high was 7038 and the short stayed good if you took it on the second time around. The low today is 6615 on Bitfinex. Last gasp support today lies in an 80 point range from 6615 down to 6535. Bitcoin should try a rally attempt from here so look to close out shorts in this range. The next short from here triggers once 6600 is broken, aiming for another test of 6000 with stops 50 or more higher once broken. On upside some day traders will reverse long down at these levels for a test of the falling dynamic at around 6850 but it's quite a risky trade and until that same litttle dynamic is broken to the upside Bitcoin will remain vulnerable. The rally we are seeing now should stop there and day traders will likely close out longs there at around 6863. Bitcoin will have to break above this dynamic for the rally to be worth following higher to 7221 with stops under the dynamic when broken above. But any potential swing longs will have to wait for 7221 to be broken above to follow long with stops 50 or more lower. Until we see that happen Bitcoin remains under pressure but cannot be shorted again from here until 6600 breaks.
BITFINEX:BTCUSD
by sumastardon
12