Otiempire
ETH/USDPrice action on the monthly TF has broken above the reversal level with a clean break. Held itself above that level for a whole month before seeing a sell-off back down to $302.66. As price marks its way back down to $302.66 I can see it consolidate around this level before making its way back to its ATH of $1,420.00 but before we reach that level I can see price halt at $870.00. The daily major reversal level was broken at $375.83 one can expect a pullback on the 2hr TF back up to $372.40-382.40 before reversing and making its way back down to $302.66.
BTCUSDAs price blasted through the weekly resistance level to the downside after consolidating above the weekly level of $11,053 for the whole month of October 2020. Price within the first week of September broke right back below the weekly level and retested and continued to the downside. Upon retesting the weekly level and continuing to the downside I am now looking for price to make its way back down to the level of $9,990.90 while watching the whole number of $10K to see how volume is to act around this level. Upon seeing price reach this level I will be watching for one of the two things, 1. Price breaks $10K significantly and continues down to $9,618.40, and or 2. Price finds support at $10K Double bottoms false break out of the descending triangle break back into the triangle and then continue down to $9,618.40
USDJPY LongIf the first TP holds as resistance can see some more downside for UJ in the upcoming future!
-Caleb D. Trillionaire
