A historical support line presents it self on the energy commodity. A simple analysis. Will the support line hold, or will it be broken and see some decade lows. At this point one can expect a possible test of the support, a fake out to the downside or a steady move upwards.
Strat: Swingtrade1
A very long uptrend from a continuation is may/june 2017 has been broken. We saw a massive slide where we are now recovering. Is this recovery a continuation of the broken may/june uptrend or is this a minor retracement from the new downtrend formed. Likely buy and sell levels indicated. If anyone care to shed some light on the fundamentals behind oils recent...
Looking at the past day or so ETH has been ranging significantly. A breakout to the up or downside depends of where the crypto market goes on a whole from here. Personally I do not think that the bull run we have been waiting for is here yet, and we may have some more falling to do. One thing is clear is that the tug o war that took place yesterday is seeing the...
Like with with ETH/EUR pair, We are seeing rising wedge formations. When these wedges break I am seeing high a probability for more downward movement. The Oscillators based on most recent trends are indicating the right type of momentum buildup for another downturn in Mays market conditions.
On a side note ETH had a huge fall some hours ago that was nothing...
By the looks of it an upward wedge has been formed with momentum building as per the oscillators for a bearish move today. I would say that this move is fairly probable and at the least we should see some more red for today. Last night/early this morning we saw some tremendous downward movement from with ETH that outpaced the fall of most other alts. Eth seems...
Looking at the hourly there is a clear downward channel formed. However we did see that the last candle breached the Bollinger field, so we could see a short term bounce slightly higher that the previous bounces we saw inside this channel.
Thoughts and opinions welcome.
