By observing the chart, we can see that the price entered a wedge a few days ago, where it immediately bounced off the resistance line and fell to the support line, breaking the support level. After this, BTC started to rise and soon reached 57600, coinciding with the support area, breaking the support level and retesting it. It then rose slightly, followed by a...
Bitcoin / BTCUSD has found support on its 1day MA50 and that support appears to have completed a major pattern. That is the Cup and Handle, with the Handle being the one to find support on the 1day MA50. A 1day candle closing over the 1D MA200 will confirm the upside break out. The target is the 2.0 Fibonacci level (77500).
The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 71.86.
By examining the trend in the four-hour time frame of EUR/USD, provided that there is no closing of the four-hour candle time below the important support interval in the range of 1.0915-1.0882, it can reach the resistance interval in the range of 1. 1004-1.0994, increase in price.
In the 4-hour level, the trend is maintaining a good oscillating downward trend along the short-term moving average. The short-term moving average continues to maintain a bearish divergence pattern. In the short-term trend, there is no sign of bottoming out yet. The 4-hour moving average of gold continues to turn downward, and there is a trend of forming a dead...