BTCUSD is testing the resistance area between 65K – 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. This week’s price action is not a confirmed breakout to all-time high levels. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and now accelerating the uptrend with long back to back white candles towards the next resistance at 4,400 levels.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. Global Equity benchmark is now testing a resistance area. 106.8-109 area can act as resistance and pause the existing uptrend. There is no top reversal chart pattern at this stage. During any sharp pullback 106.8-102.3 area can act as support.

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BTCUSD cleared the upper boundary of trend channel and once again tested the 65K resistance. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards 65K. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and now accelerating the uptrend with long back to back white candles.
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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trending towards the long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. Global Equity benchmark is now getting closer to a resistance area. 106.8-109 area can act as resistance and pause the existing uptrend. There is no top reversal chart pattern at this stage.

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. The upper boundary of the flag at 102.3 will act as short-term support during any pullback. The ETF had a volatile week with a gap open lower followed by a sharp rebound to test the minor high at 105.6 levels. Short-term setbacks are part of a steady uptrend.

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