Hope everyone had a nice weekend!
We are currently on the second peak on the weekly chart.
I will predict there would be NO too much fluctuation on the first half of the week.
Until the FOMC on this Thur, we could see if gold will further breakout to a ATH or dump to the neckline to form a double top.
So, I would suggest to trade as below.
Aggressive - ...
After observing a double top pattern followed by a subsequent decline with lower lows and lower highs, there has been a recent development worth noting.
Instead of forming another lower low, ETH/USDT established a higher low, yesteray, indicating a potential shift in the prevailing structure.
Every Lunar New year, BTC and ETH both had a great...
ETH has been moving in symmetric triangle pattern. Exactly following the two converging trendlines.
Hopefully, we could see the direction within this week (even these few days).
Maybe, there will be 1-2 false breakout before the movement. Please be aware.
Gold has already broken the uptrend and dump to 1755-1765 level. You can see the down trendline and gold price is dropping and not able to break the down trendline.
1753 is the support and it is expected to have a clear direction tmr.
From my personal opinion, gold is more likely to drop until early next week as it was too strong for more than 1 week with news....
