FCPO look bullish after making a regular divergence and making a higher high structure. Price is now at a resistance area. Maybe make a retracement before going up or just go up without a retracement.
FCPO is likely to start changing the trend to an uptrend.
Looks like FCPO is at the 4 hour timeframe support level. If viewed in terms of fibonacci retracement, it is likely that the price will go down.
Miss this support zon, possible going if maintain above this zone.
Just a simple chart analyst. It looks like FCPO is making a rejection against the trendline and RBS (Support Become Resistance)
As you can see, prices make a higher high and higher low. The structure is there. So for me, a long position is less risky than a short position.
This is my daily chart view. I think price will find resistance zone before making a decision.
Let's see if FCPO will go to the retrace zone and then make a decision. Go up or go down. The short-term decision, Long if breaks resistance and short if opens below resistance.
My drawing shows that FCPO bias for going more higher.
It is difficult to predict if the cryptocurrency market will be bullish in the future. The value of cryptocurrencies can be highly volatile and is affected by a variety of factors such as market sentiment, regulatory changes, and global economic conditions.
USOIL is expected to test the support area before continuing to bear down or make a rise.
Let's see if the price reaches the near support zone.
Sideway, a day trader, sees money take money. Swing trader, wait and see.
Clearly price still in downtrend Andrew Pitchfork. Seller still in charge.
Let see if seller still in control. This analysis for education purposes only.
Let see if price can break the resistance. If break, price maybe go to upper parallel Andrew Pitchfork, else maybe go down.
Targeting Bitcoin using Andrew Pitchfork and Fibonacci Extension. Price will go up if make new higher high.