To those of you who may have panicked seeing the post-market plummet of DELL, I hope to bring some solace in this analysis. Despite the stellar earnings report, Dell's stock fell sharply post-market. This drop can be better understood through the lens of demand and supply, rather than just technical analysis or predictions. Essentially, the market's reaction is...
During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after...
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.
SPELLUSDT is currently exhibiting a large inverse head and shoulders formation, with the price presently forming the right shoulder. This pattern is typically a bullish reversal indicator, suggesting potential upward movement. Our focus should be on the accumulation zone, which presents a promising buying opportunity. The key price targets are indicated on the...
Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Hey everyone, Posting an idea. I will be away next week, God willing, on a ship 🚢, in the Bahamas 🌴, so figured I would post now, because I will pretty radio silence for next week and haven't decided whether I will make an effort to track the market while on the sea or not. Probably not from the looks of the probs, so let's get into expectations next week. Daily...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it reached resistance line and then bounced down to support line. Price broke $63000 support level, which coincided with support area, but soon BTC made upward impulse. Thereby price broke support level again and...
Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360!...
FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if...
12 days ago, BTC Daily faced rejection, whereas the 6-hour chart appears stable. Currently, the price is hovering at the support level. However, come Monday, the situation could shift, regardless of the direction. If Bitcoin rallies to the lower support in daily, will your position remain secure? If not, you may be overexposed! Many new traders make this...
I think gbpjpy is about to pivot and we will soon see 197.000 on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern.
Previously, the price formed an inverse Head & Shoulders pattern and broke the neckline to the upside. Now, it is consolidating in a bull pennant pattern, indicating a high probability of further upward movement. If the price breaks the resistance zone, reaching 80k is likely. Currently, attention is on the DXY and S&P500. If the DXY continues to decline, a new...
100 million shorts to cover. We could see this pump beyond $0.20 4 Hour MACD about to flip bullish! Not financial advice!!!
End of day update from us here at KOG: What a day, what a week! Yesterday we said we would be looking for price to come down into the lower support region, that should have been enough for traders as we had high volume news day. We identified a potential move upside pre-NY and in this mornings review suggested a tap into the extension level 2360, which if...
hello guys... let's analyze pepe... I think pepe is bullish and it will touch the $0.000041 area! but why? 1- the price is forming a rising 3 drives pattern. 2- a predicted ascending channel. 3- an internal trendline formed. so I believe the price will react to the blue area and then will touch the bottom line of the channel to go the target area...
Welcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are going to discussing #BTCUSDT 💹 #BTCUSDT 🔥🚀 --------------- Update: #BTC forming a triangle pattern over a 4Hr time frame 👉✅. Now it's ready to break this pattern In case of successful breakout,...
Notcoin(NOT) is up more than +30% , as I expected in yesterday's post . According to the theory of Elliot waves , it seems that the main wave 5 has ended, and the confirmation sign of the end of wave 5 can be the breaking of the Uptrend line . I expect Notcoin(NOT) to correct at least -30% and fall into the support zone . Note: An important point...
✅GBP_CAD is going down to retest a horizontal support of 1.733 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.745 LONG🚀 ✅Like and subscribe to never miss a new idea!✅