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Bitcoin drop rate forecastingBitcoin is in a downtrend and is also in a Falling Wedge pattern. If we draw Fibonacci from point B to point C, the golden ratio of Fibonacci will be 308000. Also, if we draw Fibonacci from point A to point C, the golden ratio of Fibonacci becomes 27111. In my opinion, the maximum bitcoin drop will be up to 27,000 and will leave the Falling Wedge, and will continue its upward trend by hitting the bottom of the channel and breaking the Falling Wedge. good luck.
by ehteshami66
AUDUSD came to strong RESISTANCE zone. Next - FALLIn early January this year, the price was able to break through the strong resistance level of 0.775. However, a small line, also formed in November, prevented it from climbing higher. The price moved between it and the level for some time, then successively broke through first the resistance level, and then the resistance line 0.772. Then it touched the support line 0.759. A few days ago, the price bounced off this line and rallied back into the resistance zone at the intersection of the level and the resistance line. The price has already touched this zone 0.775 and started to reverse. I expect that further it will fall and come to the line of support 0.766. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
17
US100 FALL after false breakoutSince spring 2020, the index price has been in a strong uptrend. One of the main trend lines for the price is the support line, which was formed only in June. The second line - the resistance line - is younger and appeared only in October 2020. This trend is notable for the fact that the support and resistance lines are located relatively close to each other and the price rises while making not very strong fluctuations between the lines. However, it also makes multiple false breaks. For example, at the moment the price has broken through the resistance line 13619.4. However, we remember that there was one small false break a few days ago, and another, larger but also not serious, at the end of January. Therefore, even now I am sure that the breakout will turn out to be false and soon the price will return behind the line. I expect it to fall, break through the line and, through correction, go down to the support trendline. So my final target is support line 13106.3. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
UShort
by Lingrid
12
EURUSD: formation of a bearish patternOver the past half year, the price has risen from position 1.078 to position 1.234. This is a very strong growth for this asset. And one could expect that soon the price will stop growing and will correct upward through the fall. At the same time, at the price high (1.234), a Head and Shoulders pattern is formed. The pattern has formed tops + a clear initial trend. Further, the price should collapse at least by the volume of the previous trend. The first target is 1.188. Remember, there is no place for luck in trading - only strategy! Thanks for your likes and comments.
Short
by UnknownUnicorn15614419
4