Bitcoin testing strong support, prepare for a potential bounce!
Price is testing our major support at 15581 (ascending support line, pullback support, 50% Fibonacci retracement, Fibonacci extension) and a bounce could occur at this level to push price up to at least 17214 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 8.3% where a potential corresponding bounce could […]
EURGBP back to major support, potential upcoming bounce
Price is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low support). Stochastic […]
GBPUSD approaching major resistance, potential upcoming reversal!
Price is rising slowly towards our major resistance level at 1.3613 (61.8% Fibonacci extension, horizontal swing high resistance) and a strong drop could occur at this level to push price down to at least 1.3466 support (50% Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing major resistance below 98% where a potential corresponding drop […]
CADCHF forming a major reversal, keep an eye out!
Price is forming a really strong potential reversal signal at 0.7876 (76.4% Fibonacci retracement, bearish bat formation, horizontal swing high resistance, bearish divergence) and a strong reversal could occur at this level to potentially drive price down to 0.7810 before 0.7738 (61.8% Fibonacci retracement, horizontal swing low support). Our next major level of resistance is […]
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