Technical analysis show that Zencash / Bitcoin appears to have created a
wide upward channel that began on October 9, 2017 when it created a low of 0.0010495.
I continue to monitor
the upward channel in GLD that began in 2008.
Until
the upward channel is broken on the downside, the long - term outlook for gold remains strong.
After last month's crash, IWM began carving out
an upward channel.
The SPY has been in
a upward channel since March with resistance at $ 248 and support at $ 242.
However, both BTC / USD and BTC / JPY both remain inside the daily Ichimoku cloud moving in
an upward channel.