Here we have bitcoin price in a accumulation phase and the price is bouncing between 60000 and 72000. However as we can see in the chart there are two support in 67k and 62k tha we can consider as an area end this downtrend.
🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions. 📆 Coin of the Day: NEO About the Project NEO is one of the older projects in the crypto space with its own blockchain, currently ranked 85 on CoinMarketCap, and part of the top 100 coins. 🧩 Technical Analysis 4-Hour Timeframe This analysis is for trading...
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
It seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high. If this specified resistance area is not completely consumed, we expect a downward trend and the bullish...
Just like the textbook states, an impulse is followed by a correction. Examining the recent build-up, we might infer that the price has been soaring in the upside direction after having broken out of the descending trend-line mapped on the graph. At the moment, however, we are witnessing obvious signs of a potential bearish reversal and, if bearish moves kick in,...
Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the...
KNR Constructions , a leading infrastructure development company, is showing technical signals that suggest a potential swing trading opportunity. Reasons are listed below : 325 Zone Tested Multiple Times : The 325 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum. Bullish...
🔍The market has not yet made the sharp move we expect in the coming days, but I recommend keeping a close eye on the chart. The volume is very low, and the market could start its upward move in the next few days. 📆Coin of the Day: UNI (Uniswap) About the Project Uniswap is a decentralized exchange (DEX) project that allows users to trade cryptocurrencies in a...
Good Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: Bulls rejected 76 area 4 times now. At some point one side will concede and we see a bigger move. Patience pays. Bulls want retest of the daily 20ema and bear channel next (78.8). Afterwards break above the bear channel. Bears had two clear pushes down and now a...
Last week marked some of the most unclear price action we've seen. Starting on Tuesday, sellers gradually took control from buyers, but most of the action occurred during extended hours (meaning on VERY low volume). On Friday, sellers finally acted during regular trading hours and attacked the market right from the open. However, it seems buyers were only...
Good Evening and I hope you are well. bitcoin Quote from last week: comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for...
🔍Ethereum (ETH) is the coin of the day, a project that stands out from other altcoins due to its significant market dominance and substantial capital investment in both its network and coin. Unlike many other altcoins, Ethereum is less dependent on Bitcoin, making it an interesting asset to analyze independently. 🔄Previous Analysis Recap In the previous analysis,...
Hi guys Tangent with the medium-term uptrend line, in the lower time frames, a head and shoulder pattern is formed at the end of the downtrend. The support areas are also well preserved so far; Provided that the previous price floor is maintained, and the resistance range of $0.831 is consumed, we expect an upward trend similar to the scenario.
Hi guys It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued. The support area of $17.24 is still preserved. Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward...
In this live trading session video,we look at our open positions on Etherum,EURUSD,closed positions on BRTUSD for nice decent profit, potential trades coming on Bitcoin,S&P, etc and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the...