Forex_Academy

Forex_Academy

The rate is trading in the red on the short term and seems determined to take this support out. A valid breakdown will signal a further drop in the upcoming period. Only a false breakdown could send the rate higher.

Forex_Academy

Price failed to make a valid breakdown below the downside line of the chart pattern. It could move towards the downtrend line only if it will make a valid breakout above the SL1. A failure to reach the SL1 or a false breakout will send the rate much lower towards the WL1.

Forex_Academy

BTCD/BTC decreased in the last days and now is located right below the median line (ml) again. It should drop further if it will stay below the broken median line (ml). We have an important downside target at the WL1.

Forex_Academy

Price is trading in the green after the breakout above the 250% Fibonacci line, but it remains to see if it will reach and retest at least the sliding line (sl1). A failure to approach and reach the near-term resistance levels it will send the rate down at least till the lower median line (lml). A valid breakdown will announce a significant drop.

Forex_Academy

A valid breakdown below the warning line (wl1) will signal a further drop towards the 250% Fibonacci line.

Forex_Academy

A valid breakdown below the 0.120618 static support and below the sliding line will signal a further drop.

Forex_Academy

It should drop further if the rate will make a valid breakdown below the outside sliding line (sl) of the minor ascending pitchfork.

Forex_Academy

It will drop further if the Bitcoin will resume the downside movement. Price could drop after the false breakout above the median line (ml) and after the failure to close near it. You can sell a valid breakdown below the LML and you can place a target at the lower median line (lml).

Forex_Academy

The crypto pair dropped further on the short term and now is almost to reach the 0.000069000 support. It seems a little oversold as the Bitcoin has posted little gains after the impressive drop. The perspective remains bearish, so the rate could reach fresh new lows. A valid breakdown below the 0.000069000 level will send the rate at least till the 50% Fibonacci line.

Forex_Academy

Price plunged in the yesterday's session and now is located right below the 0.45410 level. It is pressuring the 250% Fibonacci line. A valid breakdown will open the door for more drops, the next target will be at the 0.37846.

Forex_Academy

The rate dropped aggressively but failed to close below the 150% Fibonacci lines. I've told you in the previous weeks that only a valid breakdown will confirm a further drop towards the warning lines (wl1).

Forex_Academy

Bitcoin has found a temporary support, but the perspective remains bearish and it is still expected to drop towards the lower median line (lml).

Forex_Academy

It should drop further after the impressive breakdown below the sliding line (sl). OMG/BTC could be attracted by the confluence formed by the 50% Fibonacci lines.

Forex_Academy

The crypto dropped significantly after the uptrend retest. It is pressuring the wl2, so a valid breakdown will open the door for more drops. It could approach the first warning line (wl1) if it will stabilize below the 150% line.

Forex_Academy

Price has really managed to escape from the extended sideways movement. ETP/BTC was attracted by the confluence area formed between the 50% line with the warning line (wl1). Only a valid breakout will signal a further increase.

Forex_Academy

Price increased as expected after the breakout above the outside sliding line. The upside momentum was paused by the WL1. A false breakout will send the rate down again. However, a valid breakout will confirm a further increase in the upcoming period.

Forex_Academy

LTC/BTC drops like a rock on the short term. Technically, it is expected to move towards the lower median line (lml) of the descending pitchfork as long as it stays below the 50% line.

Forex_Academy

Price continues to drop as expected and it should reach the 0.000069000 support soon. XRP/BTC failed to reach the confluence area and it has also closed much below the median line (ML).