FX:XAUUSD is testing resistance once again very slowly and gradually, protecting local support zones, below which a huge pool of liquidity is formed. What to expect from the market maker? On the background of growth and retest of the range resistance we see low volumes. The range is narrowing and technically this could indicate a willingness to break...
End of day update from us here at KOG: In this mornings review we suggested price will want to test the highs again as long as the 2170-75 level holds up, giving the targets levels 2000 and above that 2004. As you can see the move has started but is looking a little exhausted approaching the end of the month. For that reason, we will continue with the move...
BINANCE:DOGEUSDT is attempting to break through the correction in order to continue the uptrend. On W1 the price enters a new channel and opens a new potential. On D1 a reversal pattern is forming with the subsequent formation of a pre-breakout formation. The market is buying back the fall in a few days and preparing for realization. This generally indicates...
💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 📚What is Market Cap USDT Dominance% (USDT.D%)❗️❓ 🔸Market Cap USDT Dominance% (USDT.D%) shows what percentage of the money is on USDT. There are 2 causes of the increase of USDT dominance. 🔸The first is that investors put cash on the...
📉GBPJPY has recently shown a dynamic head and shoulders pattern on the 4-hour chart. The neckline of this pattern was broken today, leading to a close below it. This breakout suggests a potential correctional movement as buyers may be losing momentum. I anticipate a bearish movement towards 190.35 or lower.
BINANCE:BTCUSD continues consolidation. The price of the flagship cryptocurrency confirms the formation of a range after a strong rally, at the same time the market seems quite strong :) The market does not allow the price to get close to the risk zones, indicating that there is strong buying interest and interested smart money. Zones of interest are local...
FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the...
Dear friends, there must be only one question for everyone now, and that is, will gold continue to fall? I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only...
Hello Traders, welcome to today's analysis of Apple. -------- Explanation of my video analysis: In 2019 Apple prefectly retested the previous all time high and started creating a solid rising channel formation. As we are speaking Apple stock is once again retesting the lower support of the channel which is perfectly lining up with previous resistance now...
The USD/CAD currency pair is currently experiencing a weekly consolidation phase, indicating a period of indecision and equilibrium between buyers and sellers. Price action has retraced to the 61.8% Fibonacci retracement level, a significant zone where the pair is encountering resistance and struggling to break out. Traders may consider monitoring for signs of...
GOLD created a kill zone: a bearish harmonic pattern at resistance and fibo extension levels as well. Price reacted to the resistance by dropping from it, and currently price is going up to the resistance. We expect a bearish move from the kill zone to the support level that tested multiple times. ------------------- Share your opinion in the comments, and...
According to my strategy, gold continues to rise until it breaks through the previous peak to take liquidity or create a new peak.
Dear friends, the current gold market is crazy. Today, gold is once again strongly approaching the 2220 integer mark. The market has a high sentiment of following the trend of long positions, but gold has not crossed this mark after all, and is currently stuck near the 2217 position. But behind the extreme madness is the correct logic of the market. Judging from...
After the occurrence of a double top pattern in Arb, it is anticipated to retrace to the previous bottom level before reaching the initial entry point.
Hello traders, I want share with you my opinion about Euro. If we look at the chart, we can see how the price some days ago started to trades in a downward channel, where it first rebounded from the support line and rose to the 1.0940 resistance level, which coincided with the seller zone. Soon, the price broke this level, and some time traded in the seller zone,...
Quick alert that we at a dangerous level for BTC. Elliott wave concepts point to an ABC correction. Mapped are possible wave B tops and C bottoms. I do NOT think this is the likely next move. But it never hurts to be alert and prepared. So we watch the reaction at each fib for clues. . Previous analysis that called the 73k top: . Subsequent mapping of...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price moved up inside rising channel, where it reached resistance line and then made a correction movement. After this, BTC bounced from support line and made strong upward impulse to $60750 level, exiting from rising channel. Then, price broke...
GMT has been forming an accumulation schematic 2, following Wyckoff. With an upcoming announcement from STEPN, the break-out would be anticipated. The short-term trade set-up is as in chart. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.