At the first point, we have the bullish trend line which has rejected the index up 3 times, and I'm not expecting it to break this time either. So my primary scenario is the blue structure, perhaps a little bit different formation... Breaking the trend line (also bottom of the wedge) here will turn it to strong resistance and we will possibly see something similar...
simple rising channel with expected final target of 5.78 (almost the long-term bottom, which can be a good buy opportunity).
Let's see how at they can push. Expecting to test 0.5 level of previous wave at least (if this is a new bearish wave). But it is not the final target for midterm.
Lend has broken out of formed broadening wedge after long consolidation. To me it seems a valid breakout and I'm expecting these targets.
Phase A and B are done. Phase C could be finished already or we can see other tests of supply near resistance lines of Range. Phase D will confirm when price respects the mid range and tests support lines of Trading Range, we should see weak or no demand at support area which could result in breakout (Phase E). If you are asking, what if Gold breaks above the...
After so called v-shape recovery and by the power of FED's printer, SPX is squeezed in a wedge pattern formed by two nearby rising channels. Both scenarios are accessible after breakout which will not take so long to confirm. However bullish break out will face horizontal resistance zone of previous top at first.
It is simple, waiting for break out and retest. Current range seems to be a Wyckoff distribution, which we had the UTAD event with the recent fake out. And if BTC breaks down the ascending triangle we will see another SOW (sign of weakness) and a test of range low again. Not to mention a Wyckoff distribution or accumulation can have multiple tests of range high...
First buy zone is almost the retest of daily wedge. It can be accumulated for longer term or you can wait for break out of longer trend line. midterm targets are pointed out with dashed white rays and longterm targets with solid horizontal rays.
BTC has recovered nicely alongside stock markets after the crash, but now it's facing important levels. The broken 10-year support line didn't reject the price after pull back at 8500 and Bitcoin kept the trend with no sign of weakness. So I'm ignoring that trend line for now as BTC did. But we have 10400 level here which Bitcoin has had bigger dump every time...
I am sorry if you are disappointed about the channel, and you were probably expecting that longterm channel aiming over $1000 for XRP. XRP is below some critical level and doesn't seem bullish to me at all. If you are a Ripple bull then buying the breakout has a lot lower risk. Otherwise you can wait for 6-7 cents with me.
In short-term I see 0.02545 for ETHBTC. Then we should see the reaction of the supply zone. In case it breaks out of the trend bearish trend line mentioned targets are expected. If it gets rejected and test the bottom of the long-term channel I think break out is very possible which you can see my targets for this scenario too. Good luck...
What we currently see here is two small bullish weekly candles and a bigger bearish one. so my main scenario here would be another test of channel's bottom. We can also wait for a confirmation candle. In case of bullish break out 204 and 278 and in case of bearish breakout 74 and 40 are accessible for PYPL.
I prefer to wait for now without taking any position, until I see a clear breakout from either side. Expecting a serious move after breakout. And I think bearish scenario is more possible.
However it may seem broken out but I would suggest to wait for breakout and retest of the channel to buy.
For me It seems to be this one. I'm not really a fan of Apple but besides that AAPL is absolutely not looking good on linear chart. Im gonna leave the final decision to you. And this is the log chart: