👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢. 📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns . 🌊According to the theory of Elliott waves , it...
Hi. Honestly, I don't feel like explaining because the chart says it all. ✨Targets are: 🎯$0.07970 🎯$0.08370 🎯$0.085 🎯$0.08963 🎯$0.09429 ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas,...
FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052,...
Symmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
APT is now trading around 9.12$. APT is moving inside a symmetrical triangle on hourly time frame. So the Possible scenarios are If the price pumps up and breaks out of the triangle, we can see bullish momentum in it. Otherwise If the price dumps and breaks down of the triangle, we can see bearish momentum in it. Stay tuned with us for further updates✔️
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
Tesla is getting way oversold and has reached an important support of the line linking the lows which represents the bottom of its large triangle pattern. We are expecting at least a rebound here but potentially the start of a new upleg as long as the $136 area holds. A break above the upper line of the triangle near $235 would open much higher levels while a...
BINANCE:XVGUSDT , 4h On the daily timeframe, price is trading around a previous swing low area which is also above the 200SMA suggesting the long term trend is bullish. On the 4h, two chart patterns are emerging; 1) Descending Triangle & 2) Cup and Handle. It is prudent for traders to wait for break out or break down of the pattern to initiate a trade. For a...
While everybody is asking why the sell off yesterday and now switching to bear mode, this one is doing its thing. I think the market has punished enough this stock in short term, and investors are buying. The strategy here is buy some now, if it drops to the base of the large triangle buy more (around 145), if on the other hand breaks up the falling wedge buy...
Hi guys The resistance area of $686.3 is a long-term area and is basically our previous ceiling. If this resistance zone is completely consumed, the upward trend can be expected to continue up to the price range of $832.8. on the four-hour time frame; Provided that the previous floor of the price and the upward trend line are maintained, we expect an upward...
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some time traded near the resistance level, which coincided with the seller zone and later made an impulse up to 644 points, but at once turned around and made a strong impulse down to 500 points, thereby breaking 583 and 523 levels. After this, the...
Neutral Trade Overview: Engage in trades that capitalize on market volatility without bias towards bullish or bearish sentiment. Fibonacci Extensions: Strategically place buy or sell orders at Fibonacci extension levels to anticipate potential price targets in both upward and downward trends. Fibonacci Retracement: Utilize Fibonacci retracement levels to...
Gold price analysis: Current short-term trend: Up. News: Good news for gold Technical Indicators: MA shows bullish trend Short term pattern: triangle consolidation Breakthrough direction: Up Support: 2366-2262 Pressure: 2397-2404 In the short term, low buying is still the main trend! The above gold prices are based on the real-time prices on...
The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Ascending Triangle previous analysis ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️...
Hi. TVC:GOLD Today, I want to analyze GOLD for you in a 4H time frame so that we can have a SHORT-term view of GOLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). Gold is now in an ascending triangle and could rise to $2,405 after the break, and the hidden divergence makes this...