Nice buy opportunity. Possible falling wedge. 0.618 fib Bull div SL: $299.49 TP1: $338 TP2: $364
GBPJPY have a breakout from Cup & Handle pattern. Currently is retesting a neckline. If you switch to smaller timeframe you will notice that currently is in a symmetrical triangle. Target price $141.8-142.5
Possible falling wedge, with TP: $13.800 RSI div on 4h.
Possible falling wedge, with nice profit target. TP: $12.250
CADJPY is in descending parallel channel. TP is $90.58 or a long term trend line.
Potential Head and Shoulder patter. RSI div TP: $1.319
0.618 fib + descending channel = LONG NAS100USD TP: PREVIOUS HIGH SL: $11129
There is a high probability that bear market isn't finished yet. We opened a new monthly candlestick below 20 MA. What it means? It means that 20 MA become a resistance ($6650), and we will see in the future BTC price at $3000 on 50 MA. When would be it confirmed? On weekly chart when BTC falls below this year lows and weekly 100 MA ($5700), we will get a...
Does history repeat itself? We have a bigger triangel with a bigger price target.
ETH started a nice recovery. We are now in a correction of the first wave from $167.05 to $223.99. I see entry point at around $195.6 (0.5 Fib correction and 1H 50MA). We have 2 scenarios: 1. ETH break downtrend channel and go to $280, correct to $240-250, and rally to $300. or 2. ETH is in ABC correction, and after touching $250 we can see another drop to...
I see this descending triangel, which is trend continuation pattern. I think BTC should touch previous low at $5830, befor next bounce, that is a price target for descending triangle.