A break of this structure either upwards or downwards could mean different things. A breakdown could mean strong upward movement for altcoins and Bitcoin dominance weakening. A break upwards could mean BTC outperformance while altcoins remain stagnant or lose value. Either way, we wait.
On the monthly timeframe, EUR JPY is bullish as the previous low at 154.414 did not break the last low. Therefore we expect a bullish continuation to the previous high indicated around 175.348. However, this sell analysis focuses on a catching a short sell setup within this bullish monthly structure on the 1D timeframe, before prices goes back to the last high....
Using sell market structure and liquidity, I intend to catch a short sell retracment to the recent higher low. ENTRY: 0.89955 TP: 0.89083
Using basic swing market structure, expecting a bullish trend to indicated angles.
If PEPE breaks out of the descending symmetrical triangle, a buy will be possble
Based on support and Resistance, I project GBPUSD to get to the support of 1.2617. My resistance points stands at 1.2806. Additioanly, the trend line shows a downward movement. However, I expect several retracements for selloff with the ongoing happenings in the UK. SL: 1.2615 TP1: 1.2707 TP2: 1.2617
After breaking the support at 1.2804, we expect a push to the resistance level of 1.28607.