USDCNH presents good bullish 4h config. MACD above 0. Retest of the Support line.
EURUSD is now for the 6th time at the resistance level that has held for a year Will this level hold once more ? Potential rebound expected
BTCUSD - Wycloff accumulation pattern. Do you see the similarity between the current behavior of the BTCUSD and the Wycloff Cycle ? As par Wycloff cycle, before exiting the accumulation pattern, there will be a Sign Of Strength or SOS, which serves as confirmation that the price is likely to keep moving up.
Currently at a good buying zone, that could potential lead to a W forming to reach the 500-600 EUR zone.
BTCUSD moving in a range for 2 months between 41.3K and 29.8K A clear divergence in the RSI appears with a potential fake breakout of the RSI trend. Similar situation to the one that triggered the uptrend reversal in mid-April. Is it again a fake breakout annoucing a trend reversal ?
The downtrend has been broken and is followed by successive W. The open interest seems to be back on Coinbase. This shows a potential return of interest towards de crypto in general.
BTCUSD 1D - Bollinger Bands are contracting and getting closer. This situation is often the sign of an potential big move Up or Done.
ETHUSD: One month and a half ranging. For few days, the chart shows a clean W pattern on the 4h timeframe with the completion of the retracement to the neck line. Bullish chat pattern.
Fundamentals are Bullish but Technicals are bearish. Will need to see a break of one of the key levels in order to see either a continuation of the bear trend or bullish breakout. There is a very strong recharge area used by the whales, that can be ideal if you want to buy. Great News for BITCOIN, now an official currency of El Salvador.
Bitcoin continues it's consolidation between 43K and 30k. Potential M formation ongoing which could result in bearish move to a potential break of 30K. A reversal of the M formation could provide the bulls with the strength to potentially go and test the 43K.