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Deathcross

Potential Falling Wedge on CRMBulls tried to reclaim the 200 EMA, but were strongly rejected. Salesforce is down 11% in two days. We're entering my "Buy Zone" (where it's on my radar, but I need a confirmation, like divergence, before I'm ready to take a position). I'm expecting a Falling Wedge to form, and will likely wait for it to play out further. It's too risky for me at these levels, but more aggressive traders may have an opportunity to scalp some short-term profit before we head down further. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:CRM
by mercury_rising
Big week for BTCIt's a big week for BTC. Things to watch this week: -Will BTC move up to close above the 200 day average ($47,953)? -BTC continues to trade down within a downward channel from all time highs, will it reverse? -Will BTC see death cross if 50 day ($51,965) cross the 200 day ($47,953)? -Since December 27th BTC has dropped and now trading in a tight wedge, would this Bear flag play out? -Would the H&S neckline hold (neckline break will force BTC to test $30K and if it doesn't hold $18-20k might be tested)? BTC needs more volume to come in or it might be hard to overcome these hurdles. All these points are based on the daily chart. Have a great week!
by MoneyFishing
Extreme Fear on Bitcoin Street. #Deathcross before another dip?!Hey guys! I hope you fine and staying positive during this period. Since last update, we reduced Bitcoin exposure from 56K breakdown. Bitcoin market continues sloping down despite good news, positive sentiments and fundamentals. Key level to hold right now is near 47-46K. Seems like if this level is going to fail, price will drop towards 43-39-35K during January-February 2022. In case of price action breakout from 53K-ish, I think the price will stay in the range of 55-50k for a little while. Right now is the time to stay on hold with new entries. Being extra careful is a good plan for this short period. Keep in mind that price action changes quickly, so if we see a positive breakout from 55k, this would mean the price will go back to the rising trend which was developed during 2020. Best regards Artem Shevelev
INDEX:BTCUSD
by ArtemFuturesTrading
5
Australian Dollar at Risk as AUD/JPY Enters Downtrend?The Australian Dollar may be vulnerable to the Japanese Yen following a couple of bearish technical developments. This follows a rejection of the 86.253 - 85.909 resistance zone. AUD/JPY recently confirmed a breakout under the 23.6% Fibonacci Retracement at 84.50 on the 4-hour chart. This also follows a bearish Death Cross between the 20- and 50-period Simple Moving Averages. This has exposed the 38.2% level at 83.416. Still, prices remain above the 200-period line, which could reinstate the broader upside focus. On the other hand, breaking under it could open the door to extending losses towards the September low at 78.825. Keep a close eye on the 82.028 - 81.662 inflection zone. The latter price is the 61.8% retracement. Positive RSI divergence does show fading downside momentum, which can at times precede a turn higher. Clearing 86.253 would open the door to resuming gains since August. FX_IDC:AUDJPY
by QM_Dubrovsky
2
USD/CHF Ready to Bounce? Eyes on January TrendlineUSD/CHF has been in a near-term downtrend since late September, now finding itself on a rising support range from the beginning of this year. A bounce off the trendline could pave the way for a push higher back towards a long-term falling resistance line from April 2019. Still, a bearish Death Cross seems imminent between the 20- and 50-period Simple Moving Averages. These could hold as key resistance in the event of a bounce from here. Breaking under the rising trendline from January exposes the 0.9019 - 0.9038 support zone, consisting of August lows. Below that sits the 0.8926 - 0.8952 zone, which is made up of May and June lows. FX_IDC:USDCHF
by QM_Dubrovsky
Will XRP continue the bull run ?* XRP in Weekly time frame forms a Symmetrical triangle pattern * Symmetrical triangle appears pattern when the price consolidates between two trendlines slightly sloping towards eachother. * The Below Ascending trendline works as support to the price and the above Descending trendline works as resistance. The price is squeezed till it breaks the pattern and continues the move. * In order to continue the bull run XRP needs to break the above trendline.
by Coinpedia-Market-Insight
2