You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5937.3157 but consider reducing the size of your position as the price gets […]
ETHUSD is heading towards a line of 2992.8601. If this movement continues, the price of ETHUSD could test 2992.8601 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
BTCUSD rose sharply for 15 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in BTCUSD there is a chance that we will witness a correction, no matter how brief.
The movement of S&P500 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
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