ETHUSD was identified at around 3898.53 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 4023.3311 level.
USDJPY has broken through a line of 152.1690 and suggests a possible movement to 153.5127 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
LTCUSD has broken through a support line of a Pennant and suggests a possible movement to 89.2287 within the next 20 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
A Channel Up pattern was identified on XAUUSD at 4355.76, creating an expectation that it may move to the resistance line at 4595.8666. It may break through that line and continue the bullish trend or it may reverse from that line.
