Forex_Academy

Forex_Academy

ETH has lost -9.32% Since Monday opening and accumulates -28.5% in June, the bearish trend continues as the bears are putting lower minimums in the chart. The price is trying to cross the Pivot S1 in $ 410 and received some difficult there, now is sitting around $ 411 and continues to move down into the bearish channel on this 4-H chart. A breakout of Pivot S1...

Forex_Academy

Price is fighting hard to increase and to reach the inside sliding line (sl) and the sliding line (SL) of the descending pitchfork. A failure to make a valid breakout above the sliding line (sl) will signal another drop. However, a drop towards the uptrend line will be confirmed only by a valid breakdown below the lower median line (lml) and below the outside...

Forex_Academy

Price has taken out the 0.037415 former support and continue to drop towards the next downside obstacle from the sliding line (SL). Only a false breakdown or a failure to reach and retest it will signal a potential rebound. A valid breakdown will send the rate towards the 0.030000 and towards the 0.02800 levels.

Forex_Academy

Ripple erased the Wednesday's gains and now is located below the 0.45410 static support. Maybe the rate will test and retest the broken level before will try to approach the 250% Fibonacci line. The down channel remains intact, so the bearish perspective remains intact as well.

Forex_Academy

The crypto pair will be expected to drop towards the 0.000069000 low if it will close below the 0.000074180 Wednesday's low.

Forex_Academy

Ethereum is forming a Falling Wedge Pattern on this 4-H chart. the price is currently very stable and without much volatility due to nervousness in the market and the current risk aversion of the investors. The price moves at $ 435.66 at this time just a little below the central pivot point almost all day, the 100 SMA is moving below the 200 EMA, technically...

Forex_Academy

DAX touching support levels

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It could resume the bearish movement if it stays below the 50% line. The next downside targets are represented by the median line (ml) and by the WL1.

Forex_Academy

Litecoin price has lost -0.74% in the last 24H and we can see here in this 1-H chart how a symmetrical triangle pattern is formed with the price still stuck in the central pivot point around $79.20, very close to test the resistance and ready to make another move to the support.The 50 EMA is also following the price as a dynamic resistance and the 100 SMA keeps...

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It could continue to move down on the short term after the breakdown below the downside 50% Fibonacci line. It could approach the lower median line (lml) and the 150% line.

Forex_Academy

OMG/BTC is challenging the sliding line (sl) and the median line (ML) of the ascending pitchfork. A valid breakdown below these lines will open the door for more declines. The next obstacle will be at the 50% Fibonacci line of the descending pitchfork

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The rate was almost to reach the lower median line (lml) of the minor ascending pitchfork but it has rebounded a little in the yesterday's session. Only a valid breakdown will confirm a further drop towards the ML and towards the 150% line.

Forex_Academy

EOS/BTC dropped aggressively as expected and has reached the 61.8% retracement level. Price could increase a little and could reach the lower median line (lml) and the 50% line of the minor descending pitchfork. The perspective will remain bearish as long as the rate stays below these lines. The next significant downside target will be at the 50% Fibonacci line...

Forex_Academy

Price has turned to the upside and it has tested and retested the broken warning line (wl1) of the ascending pitchfork. The perspective remains bearish as long as it stays below the warning lines (wl1) of the ascending and descending pitchfork.

Forex_Academy

Bitcoin seems exhausted after the several failures to climb again at least till the 50% Fibonacci line of the minor ascending pitchfork. A valid breakdown below the lower median line (lml) will signal a drop at least till the outside sliding line (sl).

Forex_Academy

Bitcoin Cash has lost -1.15% un the last 24-H while the price is testing repeatedly the short term bearish descending line around $ 709.15, a break by the bulls in this resistance can send the price to the Pivot R1 at $ 737.41 but if the bears appear strong and make the price bounce in the resistance, they could send the price close to $ 648 in the short term.

Forex_Academy

The crypto pair will drop aggressively after a valid breakdown below the 50% Fibonacci line of the major descending pitchfork. Price has rebounded today and is signaling a false breakdown below the confluence area. A further drop will be invalidated by a valid breakout above the SL and SL1.

Forex_Academy

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