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Usdchfshort

USDCHF Short : Evening Star & Descending Channel Resistance Trend: The trend reverses as it has made a LL and LH. Candle Sticks: Bearish candle stick at LH of the chart. Parallel Descending Channel Resistance: The candle is formed at the channel's resistance. So the overall reasoning for taking a short from here is trend is downward making a descending channel with the formation of evening star at the channel resistance level. That means the price will potentially decrease from this point. Fibonacci Retracement: The TP1 and TP2 are derived from the fib retracement points while SL is placed at the HH of the chart.
Short
by sanasaeed
#USDC Dominance looks weak, Bullish rally ahead?USDC Dominance:- The index is showing signs of weakness. This might be considered a hint that a rally is coming across the market. Rejection from the upper resistance as well as from the red resistance area has already been retested. Breakout of this pattern is likely in the next few days. IMO, It's safe to position into BTC and Alts unless it breaks and closes above 6.88%. Hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDC.DShort
by Cryptorphic
4
USDCHF-SHORT long term with inflation & high prices, we've seen how the value of the dollar has gained strength. however, I do believe we are entering into a recession (if not in one already)& as a result, we could potentially see USD falling. in a technical perspective, it broke through my weekly trendline & is currently in a possible reversal. if rejection appears, I will be looking to short USD & go long in the other currency pairs that have the USD (GBPUSD is in correlation with USDCHF & is in a strong monthly support zone) what do you think ?
Short
by j0niiiperd0m0
1