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ETHUSD and LTCUSD forming Bull Flags!

Both Cryptos are potentially forming bull flags as noted in the hourly charts. Yesterday, buyers decided to proceed with profit taking and pushed the major Cryptos lower. However, they are currently recovering their losses and forming a bullish pattern. We have noted how we would like to see the future price action to validate the […]

GBPUSD failed to breakout 78.6% again!

Geopolitical worries continue to affect investors, following U.S. President Donald Trump’s decision on Wednesday for a missile attack on Syria. In addition, traders weighed minutes from the Fed’s March meeting that was announced after European markets closed yesterday. The news indicated that Fed members are expecting the U.S. economic growth and inflation to remain positive, […]

Bitcoin reached 161.8%, while moving parabolic!

BTCUSD continues to surprise traders! The cryptocurrency exploded to the upside in a parabolic move and reached the long-term Fibonacci extension target of 161.8%! What’s next? We suppose that the next targets are 200% and 261% of Fibo extensions. Heading to the hourly time frame, any technical analysis is difficult as the price creates gaps in […]