BTC price looking to test 50-day EMA with bullish indicator on the DMI. ADX in the positive zone. If hourly closes above 50-day and maintains DMI trend should look for more bullishness today.
Could be looking at bottom retracement of bullish BTC move now, still possible drop to 0.62 Fib retracement near 6.8 k. If does not hold look at this level for further bearish sentiment and if break below 5.8k impulse wave is busted and will see very large drop in price. If holds above 7.5k now, could see ceiling lift to newer high near 8.6k.
BTC retraced its move higher back to 0.38 Fib levels, should find strong support here for another bull swing up to 8.6k range.
Retracement from the past week's bull movement will bring price levels back to 7462 (38.2% Fib) then test support there.
MACD crossover and RSI 2-Strategy showing bullish behavior on ERX. News favors trend with Nebraska clearing the path for the Keystone Pipeline through the state.
Look to long JNUG this morning at bottom resistance level and MACD Crossover on 1-hour for short term swing position.
UCO looking bearish as it completes a short-term head and shoulders pattern and breaks the neckline and cross bottom support level. Look at PA to take price lower to around 15.25 level before considering long position.
UCO looking to break long after hitting 10 RSI (2) with PA following short-term bull channel, MACD crossover, trailing 5-day SMA and leading 200-day SMA. Classic.
Look to swing long on UGAZ off of bottom support line (9.81) as RSI drops below 30 and MACD crossover shows price action reversal. Target pivot point at 11.69 for trend reversal.
Looking for the pair to move up to a previous resistance level than to pullback and reload before continuing in bull channel.
Look for breakout below support or above 50% retracement at any time.
Pitchfork pattern provides resistance to PA. Trend continues bearish post-inauguration.