Interesting bullish pattern coming up! BTC looks like it's about to form inverse head and shoulder to continue the bullish trendline. After sweeping the lows around 57k.
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...
The cryptocurrency market is buzzing with anticipation as signs suggest that altcoins, including XRP, may be gearing up for a significant rally. XRP, in particular, is showing promising technical indicators that hint at a potential surge in price. Investors and traders are increasingly optimistic, viewing the current market conditions as a launching pad for...
I've been in doom mode for quite a while now. But bear market rallies are the best :D Usually they are fast and aggressive. So here is a level of interest for me. I'll be watching it on LTFs for a trade decision.
Remember the seasonality we spoke about the previous week, is it kicking in with WTI price up +1.05% on Monday 06/05/2024? Price hit the expected price on Friday giving a front running opportunity to long positions, do not despair a second entry position is in the cards if based on price action patterns. Check out my previous WTI Short idea to see how it relates...
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218. If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short...
SOS Appearing local accumulation major sos characteristic of phase d starting to appear looking for points of entry
In my last posts I showed the way for Bitcoin, but how does Ethereum look if we take the fractal from last May? It may even be cleaner tbh. From the top until now every move was caught, even following the moving averages precisely. If the last leg down plays out too, we will pump from here to 3500s, followed by the last dump towards 2800$, testing back the same...
On this chart we see a major development on the USDT Dominance (USDT.D). It formed its first ever Death Cross on the 5D time-frame, with the MA200 (orange trend-line) turning into Resistance since the start of February. That has never happened in its history and as you can see, when USDT.D declines, Bitcoin (black trend-line) rallies, which has been doing so...
I'm seeing a potential trendline break here, so I'm going short. My Target is the DEMAND ZONE, and I will be adjusting my SL as we go based on Lower TF price action
Solana looks like it's breaking the upward trendline. 4H chart indicates it's in a overall downtrend and bouncing right now from the 200 EMA Will be shorting now with SL above the previous high $150 and TP at the lowest DEMAND ZONE
Today, we'll talk about the prospects for #NEARUSDT price movement The last time we wrote a medium-term forecast for Near's price movement was 4 months ago. The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9 Come on, admit it, who started selling AMEX:NEAR before the target ?) When the correction began, we made an estimate of where it...
OCEAN Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 0.9329. Remember stop loss is your friend. Everything is on the chart. Entry 0.9329 S.L 0.8660 T.P 1 0.9697 T.P 2 1.0030 T.P 3 1.0354 T.P 4 1.0717
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.256. Considering the today's price action, probabilities will be high to see a movement to 1.271. P.S We determine oversold/overbought condition with RSI...
Price is lingering in a no trade zone we're going to wait for confirmation for a buy or sell, levels of the marked trade cautiously
BINANCE:XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70% The price on W1 is squeezed within the triangle. Another attempt to retest the resistance zone is being formed. At the moment, the market is...
VANRYUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement. If the bulls sustain to upside the optimum target...