Clearly price is in an upward trajectory as price recently gave us a break of structure from July 2023 high which was a pivot point and a strong high for price . Previously we saw price gave us a break of structure to the downside from the highs that were created in may of 2021 around 1.4247 and the low that gave a BOS in sep of 2022 around 1.0343 which prompted...
On weekly tf we can clearly spot an inverse FVG which price will likely mitigate before going back down to fill monthly FVG. Considering the bullish trend as come to an end for EU looking at MNTLY TF, a clear shift in market structure will ultimately lead to a small retracement into fair value price or premium as price is currently at discount price. Dropping down...
LTC will probably bounce in blue zone for a while if it gets rejected then we might see a slight retracement down back to 72 or below if support doesn't hold. but if doesn't get rejected then we might be looking at higher move upward considering we are in the trending market at the moment.
Y’all can clearly see a downtrend reversal pattern on the chat on the daily time frame (CUP AND HANDLE) which suggests the bulls might be taking charge of the market in no time. I have a few bias tho. Aside from a few strong resistance zones which might make this difficult, RSI shows divergence to the upside heading for an overbuy zone. This is my view, might be...
