Same breakout from bullish parabolic pattern, channel consolidation, then breakout from channel to the downside. Retest bottom of the channel (support becomes resistance) and from here, predicting a move to the downside.
VIX could head lower from here. Cryptobowl weekend, Putin (probably) bluffing about Ukraine (for now at least), and fed rate hikes priced into the market should lead to markets climbing or flat on Monday
I'm predicting another dip in ETH based on very similarly developing price action as before.
Although it is largely dependent on management getting their S#!7 together, this could be a fantastic buying opportunity if the triple bottom is confirmed. If it breaks support though, watch out below.
Breakout from descending channel. Looking to exit near the top of the channel unless momentum looks like it can carry it above resistance.
Looking for a breakout to the downside. Well defined support will be my buying zone
The past week was rough for OSTK longs - but zoom out and take a look at the macro trends.
SPY testing one or two key resistance levels, either of which could trigger falling out of the wedge. Not making any predictions on how low it'll go after that, but personally I think it will at least test previous lows.
The year is 2019. The market has ballooned with immense excess capital of quantitative easing. Is QE similar enough to the housing bubble to produce a similar recession when its bubble pops? Only time will tell.
.618 fib curve (purple) look to buy the breakout (orange line) which mimics previous price action and look to sell when price is met with resistance by the upper trendline. my stop is going below the curve, as I expect it to hold.
EU short profit takers could force a pullback and retest of previous support, then on to test the weekly/monthly support at 1.06.
Ok fine, halloween has nothing to do with it.
UJ still holding this descending triangle, but a breakout is imminent. Conveniently, the historical S/R level represented by the dotted purple line represents flawless confluence with the .618 fibonacci retracement. Additionally, a breakout to the downside would coincide with a breakout of the current daily rising channel on DXY.
Follow the curve! then fib retracement TP levels.
Back to 2953 (and maybe lower). AB=CD retracement, resistance from upper trendline is evident by the degree of candle resistance showing on the 1D.