SAVE on the 50-minute chart reversed a trend down that started on January 23 which was a continuation of a previous downtrend which corrected. SAVE is in critical condition. There is a merger with JBLU which has been successfully challenged in court. The two airlines have a narrow window in which to file a notice of appeal after which briefing and oral...
Technical Analysis: Breakout and Retest of Range: MBOX/USDT has recently broken out of a key range and successfully retested the breakout level, indicating a strong bullish signal. 200 Moving Average Breakout: The 200-day moving average has been decisively breached, providing additional confirmation of the bullish trend. Price Action and Trend...
Outlook As EUR/USD continues its push to the downside, we can actually see the highlighted box which shows a large rejection wick on the daily chart. Soon after, price has pushed off of that level and carried its downward momentum. Technically speaking, the move to the downside is quite straightforward and highly probable. However, there is quite a bit of...
After the breakdown of the 50-week moving average, bitcoin has respected it and is squeezing below it and above the trend line. Given its historical background, Bitcoin does not appear to break up the 50-week moving average before entering the RSI oversold zone. There is a possibility of a breakdown of the support line.