The asset grew steadily, having tested the resistance area at 1.0880-1.0928. However, on D1, the RSI indicator is in the overbought zone, and on H4 TF, the RSI indicator have been near critical values for a long time. This may signal the weakening of the bullish momentum soon.
If the price consolidates below 1.0880, it could be the beginning of a correction. In this case, the downside targets are 1.0827 and 1.0727.
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π46β€9π5β‘4π³3π1π―1π1
The formation is bullish, while the 50-MA gives an extra support layer for the asset.
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π32β€6β3π3π2π«‘2β‘1β€βπ₯1π1π―1πΎ1
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Hit
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π51β€6β‘4π2π―2π₯1π1π€1π1
On the bigger outlook, on the Daily timeframe, BTCUSD is in a bullish divergence with the MFI and RSI oscillators, giving a bullish sentiment.
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Hit
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π52β€14β‘2π2π2πΎ2π1π―1
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β€20π19π₯4π₯°3π―2π€£2π2π1π1π1
Anonymous Poll
66%
27%
4%
3%
π38β€15π4π3π₯2π2π―2π2β1π1πΎ1
FBS Analytics
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π10β€4π₯2π2β‘1π1π1π€£1π1
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Actual β 0.2%
Expected β 0.3%
Previous β 0.4%
Actual β 0.2%
Expected β 0.3%
Previous β 0.5%
Actual β 2.8%
Expected β 2.9%
Previous β 3.0%
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β€29π25π₯8π4π¦3π―2π1π1
The asset continues to move in the descending channel. The price bounced from the upper boundary, and the key level was tested at 0.5707. If the asset consolidates below and updates the local minimum, the decline will intensify, opening new opportunities for selling.
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π30β€7π4π4π3π1π1
FBS Analytics
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π57β€23π₯10π5π―3π3π2π2π1π1
#MarketNews
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β€36π22π₯8π―3π2β1β€βπ₯1π1π1
FBS Analytics
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@fbsanalytics
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π247β€26π₯5β3π―3π3π2π2β‘1π1π1
β½οΈ Natural Gas formed an ascending channel pattern and bounced off the lower trend line after crossing the lower Bollinger line. The CCI just came out of the oversold zone.
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β€31π16π―6π€3π₯2π1π1π1
The Momentum crosses the 100-line, while the 50-MA crosses the 100-MA upwards, giving the asset a bullish sentiment.
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π20β€17π2π2β‘1β1π₯1π1π1πΎ1