Khiwe

Khiwe Updated 

Hello there, On Tuesday, the gold price traded in negative territory due to renewed demand for the US Dollar. The possibility of rate cuts by the Federal Reserve following downbeat US jobs data prompted speculation in the market. Investors are closely monitoring a speech by Fed's Kashkari later in the day. Despite the USD demand, the gold price lost momentum, but...

Khiwe Updated 

Hello there, A potential turning point is emerging as Bitcoin investments experience outflows while Ethereum, alongside altcoins like Avalanche, Cardano, and Polkadot, stands out, indicating a shift towards diversification among traders. The successful launch of spot-based Bitcoin and Ethereum ETFs in Hong Kong underscores the cryptocurrency market's global...

Khiwe Updated 

Hello there, XRPUSDT aims to reach the 0.5512-0.5600 area and potentially drop to 0.4800-0.4600 with a bias of 0.4494. The price seems to follow an extended (D) leg from the high of 0.5800. Monitoring will be required due to the two demand area zones that remain untested. Happy Trading, K.

Khiwe

Hello there, At any given chart and time frame, you will be looking at three different price movements that agree on peak lows and highs; therefore, the only certainty in a trend is a peak high and a low from past data. Anything in between is unclear. Right now, BTCUSD is at the 63625.51 price level, and 56456 extends on C for a lower low. The current level...

Khiwe Updated 

Hello there, Mapping out the XAUUSD, it seems we are in a B retracement in a bearish trend. The price has the potential to move up to the 2340–2374 extremes and drop to the 2260–2237 area. The price needs to confirm a higher low above 2325 for a bull run at the current level. Happy Trading, K.

Khiwe Updated 

Hello there, MATICUSDT at H4, The bearish momentum is not clear below the resistance line of 0.6992; it could potentially move down to near-lows marked as (n) or lower to 0.6500 or even drop further down to 0.6073 to complete the sixth wave that follows ABC. Since we cannot tell exactly where (C) might end up or if it would lead to an extension of ABC, 0.7134 is...

Khiwe Updated 

Hello there, The BTCUSD on the monthly chart shows that the previous bull candle opened higher than the high of its third candle and engulfed the high of the second candle in a strong bullish trend, indicating a potential bullish continuation beyond this candle in the near future. The current monthly candle has a low that is higher than the open of the Mon 01,...

Khiwe

Hi there, DOGEUSDT is currently ranging within a bearish zone for the potential completion of the (wxy) extension of ABC. So the price must drop before it goes up. Bullish interests are at 0.16251 for the continuation of the bigger blue BC wave. What needs Not to happen is the break of the (W) area. Let's make that 0.12331 because then the price will have the...

Khiwe Updated 

Hello there, USDJPY is trending Bullish at the H1, a minor bearish impulse is expected but a bullish break above 154.826 is the bullish interest. The needs to be a low greater than that level for the continuation of the uptrend and the bias is 155.393 with two price targets. Happy Trading, K.

Khiwe Updated 

Hello there, DOGEUSDT will pulse up towards the supply area and potentially turn bearish. The 0.15810 is the only level of interest for bearish momentum for a bias of 0.15030 with one price target. Close attention may be required below the bell level, and if the price goes above 0.16400, the setup will be invalid. Happy Trading, wishing you a fruitful week Khiwe.

Khiwe Updated 

Hello there, CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC. There is an open area at 0.58000 that could potentially influence the price to drop further. In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way...

Khiwe Updated 

Hello there, XAUUSD seems to be following an ABC bearish sequence, reaching support at 2297. A drop below 2304.183–2297.093 will continue the bearish momentum to the 2280 and 2274.994 lows. Happy Trading, K.

Khiwe Updated 

Hello there, GBPJPY has the potential to reverse the bearish momentum to an uptrend. The bullish directional bias is 192.431 with two price targets. If the price goes below 190.322 then that will invalidate the setup. Happy trading, K.

Khiwe Updated 

Hi there, Let's take a look at BTCUSD with a simpler approach with an interest in discovering the price action at significant support and resistance areas by using the Elliot wave. Wave 5 is subjectively Wave 3, and Wave 3 follows a bearish ABC pattern to form Wave 4. We have (A), which is above 4, and (B), which is lower than 5, making a lower high. Then the...

Khiwe Updated 

Good Day, XAUUSD is ranging around the 2379 area. The trajectory is theoretically bullish according to an Elliot wave count from 2320 to the higher low of 2356.193. However, this is a high-risk setup due to candle-high pins. There is a risk for the price to spike down and then move up, or move up to 2414 and then turn bearish. Also, the price can suddenly and...

Khiwe Updated 

Good day, GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area. However, there will need to be some attention in that area, as the price may drop to break (Y). The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern. 1.71117, 1.71000, 1.72500, and 1,73000 are the desired price...

Khiwe

Hello there, BTCUSD drops for a potential bullish pullback; the 63263 area is a key reversal area for bulls, and the targets are 67863 and 70000 for a bias of 71415. Now, the 60000 is a strong support area, so if (Y) is broken, the bearish momentum would overcome the bulls and that will invalidate the setup. Happy Trading, K.

Khiwe Updated 

Good day, EURJPY has the potential to pulse up and drop at the H1, and bearish interest is more below this level (164.710). The price movement followed the ABC price sequence with the H-L-HH SND pattern, and with the waves maxing out, a drop is possible to go below the lower low. The bias is 163.713 to the low of 164.700, with two potential price targets. And...