The previous time such a divergence occurred was in February-March 2023, and before that, on June 22nd, 2020 (we can probably include November 7th, 2022 as well). Logical targets are 30k and 35k for now.
If resistance isn't broken in the next few months, expect gold to travel towards 1300 and even 800 area. Is it the bulls last stand?
Price action is trading above the mean and now testing it's previous resistance turned support. I would say that there is a good probability of rejection to the upside.
Now that is a bear flag. Will most likely pump with the rest of the market to $200,I will be looking for a short from there.
I expect price action to test 38-40$ support zone in the short to mid term, we could see a breakout from there. Otherwise the test of 30$ and 20$ range would be in the cards.
Sitting on support, RSI looks good, loads of positive volume. Possible targets could be 4$ and ATH.
Price action is on major suppor on all timeframes, RSI is leading to a possible breakout. Looks like long to me.
Quite a remarkable chart we have here, most indicators are pointing towards a possible breakout of local formation. If this were to happen, the test of the upper resistance would be imminent, and if it breaks, what targets should we expect? It all looks a little too insane to me. On the other hand, it should be, mayhaps, noted that ELF has been consolidating...
1) Rising wedge was formed. 2) Bearish divergencies on RSI and MFI. Target could probably be somewhere around 98%.
Outlook is similar to TOTAL. Probability of reaching ATH again is not small.
More than 12000 cryptocurrencies exist in the market right now and more are created every day. Most of them do nothing to create "real value" - improve people's lives in a meaningful way, some are just scams or pump and dump schemes. Yet bull run continues for more than 10 years already, there were some corrections, we are in one right now, but could we see a...