As price enters a level of strong highertime frame support and made a slight rejection on the lower time frames, we now expect a retest of the 1.11900 level before a strong upward push
As we see this pair breaks the high timeframe uptrend through its trendline, we see a retest of this trendline and the resistance level, with lower timeframe signs of reversal. We thus expect a push to the downside
As bitcoin reacts off a significant daily support level, be not tempted to quickly buy, as this coin is still in a downtrend and has the possibility of approaching the lower trendline of higher timeframes as seen in the diagram and also an order block on the weekly timeframe. As bitcoin thus finds resistance on the daily close, watch carefully as it respects...
After a strong downward push in January of 2019, the market slowly rose to make way for a retest on the H4 lower timeframe before a continuation downward. With a bearish engulfing confirmation at the 1.35700 level, an entry will be made
Expecting a slight rise in this pair to the 78.6% retracement on the Daily and H4 time frame to the 1.14400 area, before an entry is sought to SELL and continue this downtrend.
As we expect the USD to strengthen in the months to come, we see where sell pressure has become evident in the pair at the 1.69139 area. After the break of the trend line, we can now expect a rally to retest at the 1.68346 area before a continuation downside to the 1.64315 area.
