ETH just got to a critical point.
The crossing of the long term 200-day WMA and the short term 50-day WMA can be very difficult to break. If it breaks with strong volume, it can be a very good sign of good things coming.
But I think the most probable outcome is that it gets rejected, at least this time. It is just the first try to break such resistance, so...
Right now, $ETHUSD is at 2700$ but if it breaks 2900$ we could see a new leg up.
This area is now also at the level of the 50wma so it could be a bit difficult to break.
It is important that the break has also a noticeable increase in volume.
For the moment it is below the mentioned level, so I am neutral.
Good luck!
Gold is currently in a big downtrend that began back in August 2020.
Despite that, recently it has been forming a possible bottom. RSI is forming a bullish divergence that is pointing Gold going up.
I still want it to confirm it breaking through 163$, the red trendline and the 200WMA. It's going to be hard, it may take weeks, but if it can break those levels we...
The Korean Index is consolidating the last 44% gain it made in the last quarter of 2020.
This consolidation is very well defined inside a downtrend channel. I am positive if it breaks it. It could be the start of another leg up.
As long as it stays in the that area, I am neutral.
Next support around 2800. That would be ~50% fibo retracement of the previous...
After a very strong cycle for the EUR that began in mid-2020, it seems that the USD is gaining a lot of relative strength.
USD bounced recently from the 200 sessions WMA at ~1.2 USD to continue its path to the downside.
The key area to watch is the 200 session WMA. It kept the price below during the strong USD cycle from 2019 into 2020.
Key support at 1.16....
There is a divergence between RSI and Bitcoin price. In addition to that, Bitcoin price is breaking the trend line that has been guiding the price upwards since the beginning of the year. It seems that is time to digest gains for the next weeks ahead.
Consolidation can only take two directions: sideways or down.
The next important resistance could be 43k....
