Structure
USDJPYUSDJPY was trading in rising wedge pattern till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline of the wedge.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 147.35
ETH ANALYSIS🌸#ETH Analysis : Breakout and Retest ✅️ ✅️
🚀#ETH was following falling wedge patten on 1 day time frame and we can see a confirmed falling wedge breakout with retest which indicates a bullish move in #ETH.💲💲
🔖 Current Price: $1617
⏳️ Target Price: $2000
⁉️ What to do?
- We can trade according to the #ETH chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ETHAnalysis #Cryptocurrency #Breakout #Retest #DYOR
BTC Dominance broke structure - 56% nextBTC Dominance retraced to the discount on this daily leg and broke structure to the upside before taking the sell-side-liquidity.
BTC Dominance need to retrace to the premium zone to fill the inefficiency on the weekly / monthly timeframe.
Once we see a lower timeframe confirmation around the 56% level, we can prepare for the altseason. Until then... Brace yourselves.
GBPJPYGBPJPY was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 181.80 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
XRPUSDTXRPUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.5070 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
USDJPYUSDJPY was trading in bullish structure till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 148.200.
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
GBPJPYGBPJPY is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone and also has given the retest of broken level which is also the 50% fib retracement level.
If the sell momentum continues the next target could be 180.500 region.
What you guys think of this idea?
AUDUSDAUDUSD was trading in bullish parallel channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending channel.
Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 0.63800.
OPUSDTOPUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now the retest of the broken level is highly possible, which is also the Fib retracement level.
If the sell momentum continues the next target could be 1.210 region.
What you guys think of this idea.