The wave trend indicator has crossed above and the squeeze momentum indicator turns bullish as well. The price action suggests back to back bullish candles which looks good to reach a new swing to the upside.
Ripple/Dollar approaching another interesting level and the momentum indicator looking to curve to the bullish side. Might well just retest the previous swing high.
USDJPY has been hoovering around for a while now. The nearest levels I see is 110.575. With confluence of price action as the bullish momentum is getting weaker I think it might be a goof idea to short this pair. TP - 110.574 SL - 114.480
The trend line has been creating a nice impact on the price . Looking forward to another move to the upside as it has been forming a series of higher lows. TP - 1.09295 SL - 1.05292
BITFINEX:BTCUSD COINBASE:BTCUSD With the change in the momentum and price staying above 200 EMA, it might be a time for a small movement upside. We'll see what kind of structure it forms there :)
The price consolidation is supported by the squeeze momentum indicator as bears looking weaker at the moment. The 200 EMA crossover would give us more confirmation on the bullish idea.
COINBASE:BTCUSD *Sqeeze Momentum changing to grey and getting smaller than before ; also making lower highs. *Corrections are important for a healthy trend.
Important : The overall price movement is still bullish, so we must wait for the proper confirmation of the breakdown of the triangle. We can long the script if it breaks above and possibly wait for a pullback.
Price looking to consolidate near the 200 EMA and creating a series of higher lows is a juicy early reversal sign.