RSI is overbought, weekly chart ressistance area, to me, that is all good time to short it, and after correction is over, buy it, because bullish trend this year.
As cryptos recover, bulls return, support was held, and testing of new highs is under way. (If not new high test, at least test of old high-420) Once price enter into chopy area of 260, we might see fallback down to trendline (red), or chopy action inside range 260-290 before next leg up. Overall: bullish conditions.
Short from bearish trendline into support zone (42$) before any leg higher, towards 50$.
If current price action around this level fails, we could see 1900 in no time, which will again bring buying action. Currently BTC is showing some power with buying, and it is possible that price will bounce up from current support, which could only mean more of chopy action at current levels. To me, I would like to see 1900 support tested, as that would bring a...
Following FED and fat fingers trading, gold saw decline from highs, but gold bulls will return at levels that favor them. First at support level, and then, if that brakes, at the trendline. This is just "normal" action following hawkish FED, but, lets face it, once gold market return to supports, there is no fundamentals that could break gold.
This is just how I see BTC might behave. Usually, when I see a lot of "empty" pips of strong retesting support, and strong buying after that, that is always a nice bullish sign, but my view, is, sooner or later, we will retest those levels. Just like we saw in US dollar, where he retested November lows (election night). As I said, just my idea, I needed graph to...
Made this just to watch how will ETH behave in next few weeks. If I am correct, around 200 will be again good price to enter long, again.
We can see interesting action from gold following FED rate hike. Unlike last time when FED hiked rates, gold remained strong and actually recovered fast enough, even with hawkish FED statements. Is it because FED is "hiking into weakness" of data or something else, I will go long until my 1stTP at which we must watch action at those levels. If data USA data remain...
Copper is so far best commodity to see tehnical trading, almost 2 years doing perfect, in between tradelines trades. Fundamentals is also going for the bull, as Bloomberg reported coming shortage of this metal thanks to ever increasing solar and electronic boom.
We are currently seeing healthy correction in all cryptos, which will provide nice and healthy buy areas to go long. In ETH wee can see big pip dating from early day of June of price indecission, to which todays price is heading into. That is our first support zone, at which we must closely watch action. Any close daily above this level will mean correction is...
Welcome to all viewers, this is my first post on this page :) Crude oil is RSI oversold condition, with fear everywhere, while actual data didnt change for last 9 months. Healthy correction of correction itself is possible thanks to summer months. Lets not forget that shale industry can not breathe under 35$ for barrel, and if they want to risk BK with raising FED...