A Rising Wedge pattern was identified on BTCUSD at 85432.83, creating an expectation that it may move to the resistance line at 86774.0588. It may break through that line and continue the bullish trend or it may reverse from that line.
Skip to content A Rising Wedge pattern was identified on BTCUSD at 85432.83, creating an expectation that it may move to the resistance line at 86774.0588. It may break through that line and continue the bullish trend or it may reverse from that line.
The movement of BTCUSD towards 81178.5703 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 18 hours.
A movement of 6.24% over 18 hours on BRN/USD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 2.83% move on EURUSD. The movement has happened over the last 10 days. For those trend followers among you, you may think about riding this possible trend.
S&P500 hits 5355.31 after a 2.7% move spanning 2 days.
LTCUSD is approaching the resistance line of a Falling Wedge. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days.
NAS100 has experienced an unusual quantity of bearish candles on the 4 hour timeframe. This is in the 0.949999988079071 percentile of movements and so we could see a slight pullback over the next few candles.