Bitcoin is in a downtrend channel on the 4H timeframe. Next target is into the next major support demand zone at area 50k-52k.
Bitcoin is still in its correction phase after being confirmed with the pennant pattern break and is currently in a downtrend channel on the 4h timeframe. The next target is to March 2024 low at area 57k and its final target is into the lower of the channel at a major demand support zone at area 50-52k.
Bitcoin is in an uptrend channel and looks to be in correction phase back to the lower channel and heading to a major support (demand) zone at area 52K, which will be confirmed with a daily break below 60K.
OILUSD is an uptrend channel and the next target is at area 90-95 which is the neckline of the double bottom pattern forming and a break above this level will confirm its bullish movement to the previous high at 130 level and to the longer target at the upper range of the channel at 150-160.
EURUSD is bearish on the weekly timeframe and in a downtrend channel. The next target is 1.05 and with a break of 1.05 would lead to parity and below parity to the lower channel of the downtrend at major demand (support zone) at level 0.85.
BITCOIN is still bearish and the correction to the downside is not yet over. It is in a descending channel and retested the upper level and heading to the lower channel, and possibly forming a head and shoulders on the 4H timeframe with the neckline being at a strong major support (Demand zone) at level 60k-61k and a break below will confirm its fall to next...
EURUSD is still in its downtrend channel on the weekly and monthly timeframes. On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a triple top at smaller scale was formed and retested, which all possibly confirms its downtrend continuation with a break of area...
EURUSD is bearish on the daily, weekly and monthly timeframes. EURUSD failed once again to break above the resistance (supply zone) area 1.09-1.10. On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a possible formation of a triple top (H&S) at smaller scale,...
EURUSD on the monthly timeframe is bearish and its downtrend channel and heading back to parity or below parity levels. The current month's close will form a bearish engulfing pattern, a retest of the double top neckline, and a failure to close above the resistance (supply zone) at area 1.09-1.10. which confirms its next possible leg down movement continuation...
GOLD is in correction phase after reaching the upper channel at level 2050 and closing on the weekly at level 2003 signaling a reversal to the down side. Next correction is possibility at bottom of level 1900 - 1920 and if the current level holds we may see a bullish movement continuation to new high, and if it breaks the support area at that area, we may see it...
Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k. Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
Bitcoin is still in its uptrend channel on the daily and weekly timeframes and previously rebounded from its down channel at level 15k. Bitcoin recently broke and rebounded from its support demand zone at area 20K and if level 30k breaks and a close above, next target is to next resistance and supply zone at area 50k.
Oil looks in correction phase after reaching the support demand zone at area 64 and currenting heading back up to the downtrend upper channel possibly at area 75. Oil is still in its downtrend channel and possibly next target, if the support breaks, into next support and demand zone at area 50.
Following on my idea on the daily and weekly timeframes below: EURUSD looks like have completed its pullback before uptrend continuation. EURUSD retested the support (demand) zone and tipple bottom neckline at the bottom of area 1.07 on the 4H timeframe with failing to break below. Possibly a sub uptrend channel is forming, which next target is into the...
GOLD is in a bullish uptrend on the monthly timeframe (sub and main uptrend channels). Gold is heading to new highs above area 2000 and possibly to the upper channel of the sub uptrend at area 2300 as next target, if it succeeds to break and close above the strong resistance (supply zone) at area 2000. If this month, closes at this level a monthly engulfing...
Following up on my previous post below and zooming in thru the daily timeframe: EURUSD is at the resistance area (supply zone) 1.08 and holding on. A break above may be confirmed today after FOMC and Fed rate decision. A break above, will lead to the upper channel of the correction uptrend (ABC) and to the next resistance and supply area at level 1.15 as...