Forex_Academy

Forex_Academy

The crypto pair is trading in the red right now and seems determined to drop below the lower median line (lml). I want to remind you that a valid breakdown will signal a drop at least till the median line (ML). I believe that only a valid breakout above the sliding line (sl) will invalidate a further drop.

Forex_Academy

The crypto increased in the previous days as the crypto market has recovered. It has reached and tested the median line (ML) and the WL1. A failure to make a valid breakout will send the rate down again, the target will be at the sliding line (SL). Only a valid breakout above the median line (ML) and above the WL1 will signal a potential further increase.

Forex_Academy

ETH/USD upside movement was paused by the 150% line and now is trading in the red. It was expected to reach the upside line of the Falling Wedge pattern. It could still reach it after the yesterday's indecision. Only a valid breakout from the potential Falling Wedge will signal an important rebound because this could be only a temporary rebound. However, a further...

Forex_Academy

Price decreased after the false breakout above the median line (ml) of the minor ascending pitchfork and above the 6425 level. The current decrease was somehow expected after the impressive rally. I've told you on Saturday that only a valid breakout above the median line (ml) will confirm a broader rebound. It is pressuring the sliding line (sl1), so a rejection...

Forex_Academy

DAX Corrective Channel

Forex_Academy

S&P daily price action

Forex_Academy

S&P 500 in a corrective triangle

Forex_Academy

DOllar Index double Top and evening star

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Dollar Index Double Top

Forex_Academy

LTC/USD has lost altitude in the last hours and it has failed to resume the bullish momentum towards the sliding line (sl1). The perspective remains bearish despite the aggressive rally as the rate is trapped below several very strong dynamic resistance levels. A failure to make a valid breakout above the sliding line (sl1) could really send the rate towards the 250% line.

Forex_Academy

ETH has won 8.84% in the last 24-H due to the big rallie behind the bitcoin yesterday, the price of ETH is currently at $ 447.5 being held by the EMA-50 on this 4-hour chart and is also stopped by the Pivot R1. The pair still inside the bearish channel and it is possible to see a retracement due to the indicators pointing down and the overbought levels that can...

Forex_Academy

The price of the BTC increased $ 642 in just 3 hours of rally going up to $ 6.520 exceeding Pivot R1 but for a short time since the price stabilized at this level. The price also crossed the upper line of the descending channel and it is likely that if the bears generate some pressure in the next few hours we can see how it returns to the channel. Oscillators and...

Forex_Academy

Two days ago IOTA broke down its symmetrical triangle consolidation pattern, as we imagined that strong further losses were coming for the currency, waiting for a drop similar to the chart span. The move was doing the job but the BTC made a long rally yesterday and dragged al the crypto charts with it, IOTA did the same and recovered 3 days loses in 6 hours. now...

Forex_Academy

Price has resumed the bullish movement and it has reached the first sliding line (sl1), but unfortunately has failed to stay near it. I've told you in the previous days that only a valid breakout above the 50% line, above the sliding line (sl) and above the 250% will confirm a broader upside movement.

Forex_Academy

Binance coin might be too far away to retest the upwards moving line that acts are a border to the comfort zone it was moving in for the past month.

Forex_Academy

Cardano has stayed above the now-support line even with Bitcoin dropping in price.

Forex_Academy

IOTA has broken the resistance and bounced upwards, but could not follow up with more gains because of Bitcoin and its drop in price.

Forex_Academy

LTC has lost -8.88% Since Monday opening and accumulates big loses of -38.4% in June, the price crossed down the triangle chart pattern in $ 76.47 exactly at the convergence point with the Central Pivot Point and is now sitting at $ 73.51, an important support to break. The downward trend of the market continues and there are no positive fundamentals that can turn...