PLTS - Possible Long Term Support ATHZ- All Time High zone
I observe similar push to the downside on ethereum just like bitcoin. Though there exist little or no correlation between this two cryptocurrencies, I observe a little downward push.
Following BTC 20% weekly high, I observed a short term pullback to major resistance level(s). This pullback is required to enable major market momentum to the upside. The retest of key market levels will not only generate the required momentum to the upside, but we will also create entries for retail traders. Let's watch this pair closely.
Dogecoin been on a daily low this week, this is suspicious as we might not be seeing the real deal. With this results in bitcoin hitting major all time highs in the same. The question is if major holders are moving their coins to a more stable coin like bitcoin and ethereum. This might be a short pull back and can also result in new highs due to positive market momentum.
The Gold and AUD are in the same direction following their similar market correlation. This downward momentum is as a result of break of the upward market structures, this
Observing the market carefully you will notice a change in momentum in the Gold Market. The bears are starting to keep in and the momentum shifts to the downside. The positive Us Job claims Data gave the USD some strength, This strength compared with the Gold would not be matched.
Lets carefully observe our market movement
A lot of sentiment surround major USDpairs with traders assuming and thinking that the USD pairs will continue riding to the top. Major Data surrounding the market shows that the dollar is on a bearish movement. Lets watch how this pair plays out.
Gold moves in an unknown pattern, let's wait for more confirmation.
There is a possibility that Gold might sky rocket soon, let's watch how this pair plays out.
I believe that the second section of the bulls is in as more buyers move into the forex market. Since the market has broken the previous high, i also expect a greater explosion in the pair.
Based on my analysis which is subject to review, i believe there's going to be a continuation in the bearish pattern in the AUD/USD this due to the news that hit the market daily. let's see hpw this pair plays out
we expect a continuous movement in the eur/usd pair
Sources confirm that the BTC/USD will get back to 10000 and probably exceed that limit
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The USD/CHF has maintained its bullish movement for the past couple of days due to the corona Virus challenge and all the disruption in market activity, you can observe from the video the massive declination in the bullish power. we expect more bearish movement to kick in as rumors of the corona virus sweeps the market. I hope this is helpful