And almost in perfect tandem with Bitcoin, it made
a strong upward move to a high of $ 252.86, also on February 20th, then dipping to form the right shoulder of an inverted head - and - shoulders price pattern.
Over the last three days, Ripple (XRP) has made a very
strong upward move breaking out of an asymmetric...
To understand how the strategy works, let's say that following
a strong upward move (e.g. from point A to B), the market retraces a little (to point C) because of profit taking and / or top picking, before continuing in the original direction (beyond point B).
The bulls are running today in the cryptocurrency markets, as bitcoin and other coins are making
a strong upward move at mid-morning.
Not exact matches
Structural factors such as aging populations and
strong demand for income should limit
upward moves, we believe.
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).
We see upside in yields as attention returns to the Fed and some other central banks gradually remove policy accommodation, though structural factors such as aging populations and
strong demand for income limit
upward moves.
However, as short term analysis reflects there are two support levels at $ 720 and $ 690 that look
strong enough to sustain falling prices and jumpstart another
upward move.
«This could result in housing prices continuing a
strong upward trend that
move the housing market into «bubble» territory.»
We anticipate that the January 2013 and February 2013 existing sales data will reflect today's pending sales report, suggesting that the
strong upward trend in existing home sales is likely to pause as we
move to 2013.