Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week. Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal. In the last...
Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Hi everybody! Data released on Friday showed that the US personal consumption expenditures (PCE) price index rose 0.3% last month, an increase in line with forecasts. Experts say that this increase is unlikely to change expectations that the US Federal Reserve (FED) will continue to maintain tightening policy until September. While data continues to suggest...
A deeper understanding of market behavior towards Bitcoin indicates a shift in momentum. The focus on speculative trading with this asset has decreased. Current market sentiment is reflected in the technical analysis revealing a "death cross" in Bitcoin’s 12-hour chart, where the EMA 34 and 89 lines are converging, traditionally signaling a potential price...
Hello everyone! Yesterday, after the PCE news release, EURUSD experienced a slight drop in price. Currently, this currency pair is pausing its trading activities around 1.069, ending its short-term uptrend at the 1.070 threshold. Looking ahead, it seems EURUSD might undergo further adjustments according to Dow's theory, as it has already tested the resistance...
Hi everybody. Let's discuss the SHIBUSDT strategy for the new day! As expected, SHIBUSDT broke the support level marked on the hourly chart and turned it into a new resistance level that continued to hold the price, in a wave of corrections and sell-offs. It is expected that the technical down trend will likely continue. It is expected that this sharp decline...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello BTCUSD traders, what are your thoughts on the upcoming trend for BTCUSD? From a technical analysis perspective, this cryptocurrency has been moving sideways in the long term with a support level around $60,000. However, what might happen if the bears break this support and also breach this box pattern? A significant drop could occur, potentially taking...
Hello everyone! On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing. Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually...
Dear friends! In general, since gold took profit at 2418 USD, the price has dropped sharply, this is carefully observed on the daily time frame, clearly built by 3 strong bearish candles at one point reaching 2291 USD! However, the price quickly bought back this decrease to reach the 2338 USD mark. On the contrary, for this growth momentum, I am expecting and...
EURUSD Trading Strategy: Regarding the impact of news: EUR/USD is still facing modest downward pressure, but managed to hold above 1.0700 during Friday's US trading session. The US Dollar (USD) gained strength against its counterparts following stronger-than-expected PCE inflation data, preventing the currency pair from gaining momentum. In today's analysis, we...
Hey Everyone, Another great day on the charts today buying dips from our Goldturn levels with plenty of opportunity to milk the range. After tracking and trading the movement level to level all week using our cross and lock confirmation, yesterday we stated that we will now need a body close above 2326 to open retest to 2354. - We got the close above 2326 and...
🏃♂️Bitcoin is moving in the 🔴 Resistance zone($65,700-$64,500) 🔴. 🌊According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 4 in the 15-minute time frame . 🔔I expect Bitcoin to Drop again and break the 🟢 Support zone($63,370-$62,790) 🟢. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and...
Helium Mobile, the phone and 5G data company behind Helium (HNT) has a strong potential to become a billion dollar asset, same as the Helium token, which bootstraps their WiFi hotspot business. HNT MCAP: $1,293,307,342 HTN ATH MCAP: $5.2B MOBILE MCAP: $320,311,772 MOBILE WITH THE MARKET CAP OF HNT Helium Mobile: $0.01526096 (4.04x)
Yesterday, I said in my analysis that gold has now gotten rid of the volatile market and entered an upward trend. Although the price dropped from 2352 to the lowest point of 2328 yesterday, the upward trend has not changed, and the price is still rising along the trend line. Currently focusing on the support level near 2328, as long as the price does not fall...
Updating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is...
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...