Hello, everyone! Bitcoin is now in an established downtrend so as far as meaningful movements, we are only looking for shorts. $BTCUSD is testing a key S/R zone's lower resistance level for the second time, creating a Double Top formation. MACD Momentum somewhat supports large bear move in the hourly time frames. Expect to see price reach recent level of...
Looking for EOS long after pullback to recent support. (Double Bottom) Price is testing channel bottom and resistance is holding up. Long momentum is supported on the 30M, 1HR, and 4HR MACD. RSI recently broke out of Bollinger Band, as well as into oversold territory. These confluences creates significant bull momentum.
Price is at bottom of channel, looking for a long back to midpoint. ADA has fundamental momentum from the popularity it's been getting as well as the increase in market capitalization. Now, there is technical momentum that should push it further to the upside.
XAUSUD looking for a long position. Strong momentum to the upside. Two take profits: look for confirmation after TP1 is hit because of 200 EMA resistance at that level. If confirmation of breakthrough is met, be sure to see price hit TP2 level.
Price is supported at ~ $17103 with resistance at ~ $17413. Anticipate a small break out of this zone, followed by pullback to support level, then reversal into bull market.