DENCHMON

DENCHMON

A gradual climb for UK100 to 8k, wouldn't be a surprising move due to the higher highs and higher lows - 7600 is the price to stay above! On the other hand, it just takes one bit of bad news and we would see a fall in price - below 7500 there's 7400. There's no chart patterns here, just pure price action and for now price is bullish. Nothing Here Is Financial...

DENCHMON

Gold and precious metals in general are bullish. On the daily chart there is an obvious double bottom, gold above 2060k wouldn't be a surprising move. A failure for gold to cross 2k would indicate further drops 1970 then 1950. Nothing Here Is Financial Advice But Be Inspired🌟🚀🌟

DENCHMON

Overall bias for Gold is Bearish. 1780 seems to be a strong support, as it has been hit and retested many times, but our daily resistance shows that we are in fact approaching a daily resistance at 1790. Any breaks of this resistance could mean gold approaches 1830 after finding support at 1800. A bearish gold would most likely look like a rejection of 1790...

DENCHMON

Overall bias on FTSE is bullish. After a very obvious rejection of 7200, we can see that the resistance at 7240 didn't hold and FTSE broke through with ease. Looking at the chart and the areas highlighted as support and resistance we see that if buyers can break above 7280 then they are clear to go higher (possibly 7400). In a bearish case 7280 holds as...

DENCHMON

BTC is overall bullish but within the last 10-11 days we have seen it play between 62900 - 59500 and going as low as 58k. Although not showing any actual direction recently, there are two possible scenarios: Scenario 1: Test 60k to see if it can hold support and blast off after refuelling to new ATH. Scenario 2: 60k fails and causes BTC to drop to 54k or deeper...

DENCHMON Updated 

Bias: Bullish Accumulation & Distribution Next resistance: 7160-7180 Major Support: 7100 - 7120

DENCHMON Updated 

Bias: Bullish Next Resistance: 1860-1870 Major Support: 1810-1820

DENCHMON Updated 

Bias: Buillish 55300-55400 next possible resistance 46200 last major support

DENCHMON

Gold seems to have found its support around 1770-17660 and from here we have a possibility of gold going above 1820. If our bullish scenario doesn't play out, we have a fall back to 1680.

DENCHMON

FTSE is still in a bullish trend, an entry here could see you taking profits at 7250.

DENCHMON

Bitcoin is currently holding above 35k, from here a push up to 38k is possible if 35k continues to hold a support. Above 38k bitcoin can push for the 40k+ a drop below 35k and another test of 30 - 25k can be expected.

DENCHMON

With BTC going down gold has seen some climbing, if this should continue then an ATH for gold+silver is possible.

DENCHMON

THE FTSE is looking ATH'ish. With the U.K opening up there's so far no reason why we shouldn't climb higher. The pandemic is now known to be beatable, holidays may soon have the go ahead and people are now returning to work. As illustrated a few key resistances need to be broken and tested in order for us to go higher or lower.

DENCHMON

BTC has been bleeding all week, due to the panic of the Crypto market. There was a bounce from 30k, which looks to be where there is support for BTC and we are now currently heading there for another test. If 30k should hold then we should look for BTC to test the lows once more before probably turning around and starting its climb back up. Looking in the other...

DENCHMON

Overall the FTSE is bullish and seems to be holding above 6860-6900. If this continues to hold then price has a higher chance of making new highs (7100-7130+). A bearish FTSE would look nasty as from 6800 I would expect a possible freefall in price.

DENCHMON

Btc price is overall bullish (high timeframes) but short term bearich as we go through another 30-40% dip(low timeframes). This dip im looking for support around 44k, where we should see a possible pullback upto to 60k+. If this scenario doesn't play out then 32k looks more likely to be the support for a much higher climb.

DENCHMON Updated 

Last week the FTSE confirmed our bullish triangle pattern, prompting that we will continue higher (for now). Price ended it week 6770, which looks to be a minor pullback and should continue its move upwards in the following week. We have found resistance at 6800 3 times prior to this point so a potential bounce downwards to 6730 is probable. From 6730 is where...

DENCHMON

Overall GJ is bullish and may climb higher. Above 150.700 , a continuation to 152.100 is possible and around this price we can see if price is looking to go higher. In a bearish scenario a fall below the yellow trend line 149.440 could mean further fall in price and a retest of yellow trendline 150.300 would confirm this.