The trend line in white, which worked as a support, was clearly broken, therefore there are signs of further bearish pressure on this pair. A conservative way I see to trade this pair is to wait for the price to reach what I consider a confluence level, around 1.31400. It could be a nice entry point for opening a short position. Actually, tre white trend line...
Hi everyone, This is a possibility I am considering for Cardano. I think the chart explains the idea itself. RSI bullish divergence and MACD bullish divergence, both identified. Therefore I will be watching the volume during the next few days, as a signal for a potential breakout from the current pattern. The support around 0.0555 should help this chance. In any...
Big opportunity for selling USDCHF. As you can see, the pair has reached a resistance in the daily chart, and the pin bars are showing this resistance. Also, the RSI is clearly overbought and the MACD is near a potential bearish cross. Target is on the lower trend line of the current formation. However, I would consider to take profits before, perhaps around...