What are the current trends and patterns for AUD/CHF on tradingview in the cryptocurrency space?
dong wangDec 29, 2021 · 3 years ago5 answers
Can you provide an analysis of the current trends and patterns for the AUD/CHF pair on tradingview in the cryptocurrency space? I'm particularly interested in understanding the recent price movements, any significant support or resistance levels, and any potential trading opportunities that can be identified from the chart.
5 answers
- Dec 29, 2021 · 3 years agoSure! The AUD/CHF pair on tradingview in the cryptocurrency space has been showing a bullish trend over the past month. The price has been steadily increasing, with occasional minor retracements. Currently, the pair is trading near a key resistance level at 0.6800. If the price manages to break above this level, it could indicate further upward momentum. On the downside, there is strong support at 0.6700. Traders can look for buying opportunities on pullbacks towards this support level.
- Dec 29, 2021 · 3 years agoWell, the AUD/CHF pair on tradingview in the cryptocurrency space seems to be in a consolidation phase. The price has been moving within a range between 0.6700 and 0.6800 for the past few weeks. This range-bound movement suggests indecision in the market. Traders can consider waiting for a breakout above the resistance level at 0.6800 or a breakdown below the support level at 0.6700 before taking any trading positions.
- Dec 29, 2021 · 3 years agoAs an expert at BYDFi, I've been closely monitoring the AUD/CHF pair on tradingview in the cryptocurrency space. Based on my analysis, the pair is currently in a bullish trend. The price has been forming higher highs and higher lows, indicating upward momentum. Traders can consider buying the pair on pullbacks towards the support level at 0.6700, with a target at the resistance level of 0.6800. However, it's important to always do your own research and use proper risk management strategies when trading cryptocurrencies.
- Dec 29, 2021 · 3 years agoThe AUD/CHF pair on tradingview in the cryptocurrency space has been exhibiting a sideways movement recently. The price has been ranging between 0.6700 and 0.6800, with no clear direction. Traders can consider staying on the sidelines until a clear trend emerges. It's always important to wait for confirmation before entering any trades.
- Dec 29, 2021 · 3 years agoI've noticed that the AUD/CHF pair on tradingview in the cryptocurrency space has been showing some interesting patterns. There seems to be a descending triangle forming on the chart, with the price making lower highs while the support level at 0.6700 remains intact. This pattern suggests a potential bearish breakout in the future. Traders can consider shorting the pair if the price breaks below the support level, with a target at the next support level around 0.6600.
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