Lyxor STX600 Chemical, with its inverted head and shoulder (bullish continuation pattern).
Lyxor STX600 Media, with its 4+ years long basing pattern
breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.
price broke down the fibo support level... onto the next fibo area?
symmetrical triangle (gray) where price should be in a continuation of the prevailing trend (in this case should be up) or ascending triangle (blue) where price should breakout and continue in an uptrend... which ever you were looking at the price broke down... we might still be in a sideways range... but I feel the risk is to the downside.
Good Risk/Reward area.
cup and handle breakout
but so far ..supply outweighs demand..
if so... BTC might be heading lower...
...but the price is breaking its descending triangle. target $134 and $121.
Bearish divergence crossing (and closing?) below 20MA MA not in an upward slope anymore
"the bigger the base the higher in space" Waiting patiently for the price to breakout...
other crypto currencies are also near their 200DMA (BTCUSD, ETHUSD, IOTUSD, DASHUSD) could get interesting from here....
making higher lows and higher highs
If the price can breakout of its overhead resistance, a measured move would target $0.65
making higher highs and higher lows while attempting to breakout of its base with the RSI in a bullish range.