RSR moving in a Converging Triangle. It needs to break and stronghold above 0.042 in order to trigger a move towards 0.070 followed by 0.087. On downside major support zones are 0.032 followed by 0.28 which are likely to restrict any further fall.
Establishing a look alike of bull flag on Daily Time Frame. OMG needs to break above 15 to target 18 followed by 21 and 23. For now 12.5 has been acting as a major support. If Price breaks below this support then next major support is 10.70. Price is likely to complete its retracement from any of these 2 levels.
USDCHF was traded in a descending channel and moved towards the last drop's fib level of 23%. So we can expect a recovery which may test the trendline and break above will lead to 92-92.4. if not then downside movement will continue.
USDCAD was tried to move upward from its consolidation phase last weak but failed. Now again it is trading near its trendline, if move upward and sustain we can see a firm movement towards 1.2500.
Bullish Indicators: Support zone 0.71340 Bearish Indicators: Resistance zone 0.72183 Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975 Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
Establishing AB=CD Leg. FLOKI is likely to consolidate here for a while before another leg on the upside. PA is likely to become tricky here with an eventual short term target at 0.00034.
EURGBP recovering from a short consolidation phase and retesting the trendline. Although it was rejected from 61.8% fib level, if it sustains at support level it can start its upside move towards 0.85.
Bullish Indicators: 1) Support zone at 112.542 Fib level 38.20% Bearish Indicators: 1) Resistance zone at 114.661 2) Downward trend 3) LH LL Plan A: One can take short position from here for the target of 112.542 and 112. Plan B: If the pair break the lower ascending trendline with bullish candle one can take long position for the target of 114.661.
ETH forming a bearish flag formation targeting 3640. This is an area of confluence where ETH is likely to complete its corrective reversal and start a new bullish trend. Any hourly closing below 3915 is likely to trigger a fall towards 3720 initially followed by 3640.
Its likely to retrace further towards 0.67-0.62 region. This is where demand is likely to kick in and drag the prices high. On upside break of 1.20 would open further highs towards 1.60 followed by 1.80.
GBPUSD recent upward move actually retests the current downward move. There is a strong resistance lie that will attract sellers again. So this momentum will continue towards 1.36600.
Bullish Indicators: Support Zone at 1.42936 Bearish Indicators: Resistance zone at 1.44824 Fib level 23.60% Plan A: One can take a long position on the breaking of resistance zone of 1.44824 Plan B: One can take short position on the breaking of support zone of 1.42936.
DOGECOIN has given a breakout on the Daily Timeframe and is currently testing the 0.28 level. A successful retest of this level will result in the price going upwards till 0.35 first and ultimately 0.45.
Bullish Indicators: 1) Support zone at 154.775 Fib level 38.20% Bearish Indicators: 1) Bearish Engulfing candlestick 2) Resistance zone at 158.209 3) Downward trend 4) LH LL Plan A: One can take a short position from here for the target of 154.775 and 153.714. Plan B: On the breaking of resistance zone at 158.209 the pair will become bullish once again and...
EURAUD is move upward and hits the short-term ceiling area. Now on retesting its support zone we can expect an upward move towards the 1.55-1.5550 area. There is also some bullish divergence which compliments this argument.
Bullish Indicators: 1) Support zone at 1.5243 Bearish Indicators: 1) Bearish Engulfing candlestick 2) Resistance zone at 1.16713 Fib level 38.20% 3) Downward trend Plan A: Continuously rejection from resistance zone at 1.16713 Fib level 38.20% the pair will likely move towards the support zone at 1.5243. Plan B: On the breaking of resistance zone at 1.16713...
Establishing Bullish formations and eyeing towards 8.8-9.2. It needs to break and stronghold above 7.15 in order to achieve those upsides. On downside 6.2 followed by 5.8 are likely to limit any fall.
Currently trading in a higher Timeframe ascending channel and reaching a critical resistance level at around 0.75500 where the confluence of the channel top also lies. Seems like it might just be a matter of time before we see the pair struggling to move further up. Good luck!
