thesaadjavaid

thesaadjavaid Updated 

The potential for a bounce off the lower trendline of the symmetrical triangle is expected. It depends on the closing price. If the close is below the lower trendline, the potential targets are stated. However, if the bounce is significant and the close is above the upper trendline, a long position is considered.

thesaadjavaid Updated 

Bitcoin has formed an ascending wedge pattern, where the price is trending upward within a narrowing range. If it breaks below the lower trend line, it could reach the targets mentioned. If the price bounces off the lower trend line and touches the upper trend line, it could potentially break through and flip it as a support level, indicating a continued upward...

thesaadjavaid

Bitcoin's future depends on whether it can successfully flip the 200 WEMA/WSMA. If it is successful, it has the potential to reach lower 30 thousands (targets are mentioned). However, if it fails, it will dump hard. It is crucial for the bears to take action or risk being overtaken by the bulls.

thesaadjavaid Updated 

If the trend line is broken, we will enter a long position, otherwise, we will enter a short position.

thesaadjavaid

The DXY currency index has formed a clear downward-sloping wedge pattern on the daily chart, indicating a potential breakout from a key support zone at 100 level. A successful bounce from this level could have a bearish impact on stock indices and cryptocurrencies. Specific target levels are identified in the event of an upward rally. Closure below the wedge would...