A LUNA Tale - play what is given83 and 53 are key supports for me. Will DCA down to 53 if available. The testing of the ATH resistance is strong. If it breaks through, I dont expect a $200 moon mission. $135 - $140 for a sell and a return to $105.
Neutral
EUR/JPY - Wait for BreakMonthly:
1. Very strong push to the upside after break
2. The price now face stron resistance
Looks Neutral for now
Weekly:
1. Double Top
2. Break of strong support level
3. Neckline test with rejection
Looks bearish for the moment.
If see bearish signals on lower timeframe
i will sell.
Daily:
1. Morning star formation from the bottom
2. Inverted Head and Shoulders pattern
Inverted Head and Shoulders pattern is trend
reversal structure so I will watch carefully what
will happend next week.
4H:
1. Inverted Head and Shoulders
If brake up will be good chance for buy
when pullback for test.
If brake down will be good chance to sell
when pullback for test.
Worrying BTC chartBTC has been ranging 30-60k for almost a year now. Currently it has tested weekly support in low 30s about 10 times! We can say currently 30k is old 6k where we had established multi month support previously and we know what happened when it broke.. This weekly candle looks pretty bad is it retraced almost whole move. Having that said, still best bet is in low 30k's hoping that support will hold once again. The question is are buyers are going to step in and buy this support that has been tested so many times..
Symmetry USDJPY. Head And ShouldersAmazing symmetry of the Head and Shoulders pattern played out in USDJPY. Of course we were prepared to see what we are seeing.
Going forward I can not remain bearish on the USD since in 2008 the USD was the flight to safety currency and the JPY collapsed.
Nevertheless it is a joy to be right. LOL!