Looks like we have a bull flag/pennant forming. Very bullish signal and Cardano could pop to the upside soon, especially considering the crypto space is brimming with positive sentiment. Plus, the underlying project is has practical utility. KRAKEN:ADAUSD
$STM.X just broke a key area of resistance! Targeting the $0.095 price level, calculated based on the Fibonacci extension 1.618 level. BINANCE:STMXUSD
We've got a reversal/buy signal on the 0.618 Fibonacci level on the 1H timeframe. Hoping price goes up from here to retest those highs! BINANCE:STMXUSD
NZDJPY is on a downtrend after a peak formation high; I took my profits early around 34 pips after it reached an area of liquidity (you can see former lows) FX:NZDJPY . Could head back to the downside after bouncing off the down-trendline.
Looking for a sell around the 0.77391 price level. Price is gradually moving up towards an area of liquidity and I anticipate it will sell off and push to the downside.
It's looking like EURUSD is going to push back to the downside to test a previous mid-level of support.
Reviewing the USDJPY chart and had an inclination price was going to melt into fresh areas of support. Currently targeting a previous low around 103.330, but will watch for price reversals before hitting that level.
Based on the direction of the market, I anticipate some breaks and retests of downward momentum before melting down to the next level. New trader here, so let me know what you think!