Brokentrend
BTC/USDT BITCOIN testing 45000 and support at the 21 week MABTC is following an upward trend but it has broken the first support and testing the second support. If it drops below 44000 then it may drop further. But keep in mind that this is still very bullish indeed and it could just be BTC cooling off.
Another thing I noticed was the volume was low and there was a market manipulation when BTC went up the 48000 then dropped back to 46000.
Good luck EVERYONE and trade money you can afford to lose only!
GOLD: A DOUBLE TOP FORMATION, MIGHT END THE BULLISH TREND We have two fail attempts of the prices to break the 1740.00 which lead to a double top formation that have a nick-line at 1678.6 the break of that nick-line will lead to a bearish correction that might turn to a bearish trend. We also have a broken bullish trend line that support our bearish view for Gold.
Personally I will enter a sell after breaking and retesting of the nick-line. I might even go further and wait for a close below the 1643.10 as entering a sell on gold in these situations might be risky so I will wait for much as I can before shorting Gold.
If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more useful content.
EURJPY: Broken Bullish Trend ChannelWe have a resistance form the 61.8% fibo which forces the pair to return to the original bearish trend along side with the broken Bearish Channel that makes a perfect short signal. Our entry was triggered when the prices broke the low which was formed after the break
GBPUSD: Broken Bearish TrendThe GBPUSD bearish trend seems to be dead. Despite the Corona Vires Fear spikes, the pair broke the bearish trend line before these spikes that trend line was holding the pair for a long time. The Price Action is also in favor of the break as the prices break the trend line, stopped by a resistance 1.25000, retested the broken trend line and now we are waiting for prices to make a clear closer on the 4-H chart above the 1.25000, which will be our entry signal for a long buy.
N.B: a small bearish correction might occur before the break of the 1.25000.
EURUSD Reversed Head and ShouldersRecently a reversed Head and Shoulders formation was created declaring the end of that massive bearish trend. The neckline of that formation is the blue bearish trend line and our main resistance here is the 1.09300. Next week we think a correction might occur as the break of the neckline wasn’t that strong. So our buy signal will be the break of the 1.09300 levels after the correction ends.
AVT could break down big time!!!NASDAQ:AVT This stock just broke below a major support. if it goes up in the morning to test yesterday's broken support as a new resistance area and fails, then short below yesterday's low (40.49). if it goes straight down without bouncing first, then stay away from it.
Please like and comment if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.