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Ethereum Forming a Weak Rebound at $3,130
Ethereum is forming a relatively weak rebound compared to Bitcoin. ETH has support around $3,100 for now, I would monitor to see if there is a convincing rebound forming here. If ETH does rebound there could potentially be a move up to the red trendline around $3,700. I think ETH’s price action will depend on […]Read More
Bitcoin Forms a Bullish Rebound at $63.8K
Bitcoin has been in a downtrend after forming a rejection at the upper range of the green bull flag. However, overnight Bitcoin has rebounded around $63.8k with support building up at the yellow trendline. I think Bitcoin is likely to trend back up to the upper range of the bull flag for another attempt to […]Read More
Silver Flips Resistance Into Support
SLV has been neutral since April 8. There was a strong overshoot above the green resistance line around $27.31, but SLV failed to stay above the $27.31 price target. Instead, SLV has retested the red resistance line, and is flipping this resistance line into support. This red line is a very important long-term resistance line […]Read More