BINANCE:BTCUSDT made a significant surge on May 20th, and since then, the price has been oscillating within a narrow range zone. As we can observe, the price action is gradually narrowing down, indicating a potential breakout. On the weekly timeframe, an inside bar formation is developing, which suggests that the price may be building up energy for a move....
BINANCE:PEPEUSDT has been on a remarkable bullish run, consistently posting higher highs and forming a strong upward momentum. The recent market action saw a new all-time high, followed by a retracement. As the market pulls back, it's likely that it's forming a complex pullback towards the support level. Notably, the price has been making higher closes with brief...
After a strong bullish impulse movement, the BINANCE:ARBUSDT has been stuck in a prolonged consolidation phase. Currently, the market is trading within this consolidation zone, having broken above the crucial level of 1.1000. As the price approaches the support level, it's likely to bounce off and resume its upward momentum. The market has been in an...
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather a necessary step in the market's attempt to rebalance itself. The price had been forming a divergence for some...
Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital...
In the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box...
Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area...
The price perfectly fulfilled my last idea. It literally tanked hit the target zone. FX:EURUSD is currently retracing towards the resistance zone after its recent breakout from the range zone. On the 1H timeframe, the market has been correcting its downward trend, indicating a potential pause in the bearish momentum. With high-impact news today, I expect the...
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In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ...
According to the previously presented analysis, which was a trading range between the two supply and demand ranges, after another attempt and support in the neck line range, it has succeeded in breaking the supply range. 💎 Currently, due to the exit from the ascending channel and the support in the green box range, it has now re-entered the ascending channel. ...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ETHUSDT has broken out of its range zone and is now extending its upward momentum. As the market approaches the critical resistance level at $4000, it's trading slightly below this key area. A closer look at the price action reveals a double top formation, which could potentially...
FX:GBPUSD has reached a crucial psychological resistance zone, only to fall back from it. We've seen an impulsive movement from this level, where it's also encountered a significant resistance area. A long-tailed bar followed by a large bearish candle suggests a potential exhaustion of the upward momentum on the daily timeframe. As the market pulls back towards...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
The bulls' inability to break through the resistance zone resulted in a long-tailed bar on the daily chart, indicating a significant failure to push through the barrier. Despite making two attempts to breach the resistance level and move higher, FX:EURUSD instead rebounded from the zone, taking liquidity above the previous week's high. This reversal suggests...