For those investors that don't want to miss the next
potential bullish move by the cryptocurrency market, this would be a good time to consider entering the market.
Here is an example of the above point illustrated in the recent EURUSD
bullish move on the daily chart...
On another note, crude oil also extended its
recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.
The second large candlestick in the
strong bullish move that preceded our hanging man candlestick pattern made a huge move upward, but the market rejected price at those levels (see the image above).
«In an
unusual bullish move for the non-yielding safe haven asset after a rate hike, this can be entirely attributed to the aforementioned USD weakness, as Wilders» Dutch election defeat eases some fears of a populist European backlash.»
Above the $ 12.50 level, the coin also faces strong resistance around the $ 13.50 price level, and traders should still wait with opening new positions until a
clear bullish move.
Note the small pin bar on August 7th of 2013, the pin bar and subsequent
powerful bullish move from it told us that this $ 1277.00 level was an event area to keep our eyes on if price re-tested it in the future.
DIA made a
very bullish move on Friday when it gapped up above its 200 day moving average (dma) which is currently close to 119.55.
Bitcoin and Ethereum started the past two sessions on a positive note and were seen trading
with bullish moves.
However, other major cryptocurrencies such as Ethereum and ripple struggled to
make bullish moves.
Investors haven't swapped this much Ethereum since November 12, which explains the
strong bullish move to the upside.
Verstappen's
bullish move on Lewis Hamilton in the opening exchanges terminally damaged his own car, and Ricciardo lost power due to an electrical issue at pretty much exactly the same time.
On another note, crude oil also extended its
recent bullish move, with the WTI contract rising above $ 65, for the first time since early February, helped by the surprise inventory draw in the US as well.
Odds favor
a bullish move out of the pattern with targets ahead at $ 10,000 and $ 10,500, while support is found near $ 8700, $ 8400 and between $ 7650 and $ 7800.
As the name suggest the financial asset makes a double trough and thereafter it starts
its bullish move.
IOTA established a trading range between that zone and the $ 0.64 resistance, and we still expect
a bullish move out of that in the coming weeks after breaking the prior declining trend.
And just as it showed it was about to cross below the green line a month ago (which was bearish), it now shows that it is set to climb back above the green line —
a bullish move.
The bullish move was quite corrective in nature showing no impulsive momentum.
However, volume failed to confirm
the bullish move because turnover was lighter than the previous day and well below average.
The highlighted wedge retraced almost 80 % of
the bullish move up from the brown trendline.
To measure the Fibonacci retracement of
a bullish move, simply do the opposite (measure from low to high).
If the MACD value is higher than the nine - day EMA, then it is considered
a bullish moving average crossover.
Prices pulled back and stalled at the 50 % retracement level of
the bullish move.
Over the course of the next three weeks, Bitcoin Cash staged
a bullish move toward higher prices, and it managed to regain its stature above $ 800.00.
With that in mind, altcoins still look like a safer bet, even after
the bullish move in several of the major coins.
The segment had a very eventful week, considering the cancellation of the Segwit2x fork,
the bullish moves in several of the major altcoins, the new high in Bitcoin Cash, and the late - week dip of Bitcoin that stirred up the market.
Bitcoin price action and moving averages are developing around a trendline that comes from March 15th and that now rules
the bullish move.
The bullish move would gather pace following an end of the day close above $ 360.