Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and...
Trading strategy for BTCUSDT: Currently, BTCUSDT is trading around $62,800 USD and showing signs of recovery with support from the $61,000 USD level. The next target is the resistance level at $64,700 USD, followed by $68,700 USD. I highly favor the buying strategy in the current situation. What about you? What do you think about the next trend?
Hey there, what do you think about trading BTCUSD? Currently, on the technical analysis chart, BTCUSD has broken out and ended its downward trend with a breakthrough above the descending trendline at $61,600 USD. From observing the technical chart, I advocate for a buying trend in the short to medium term with a profit-taking target around $64,000 USD, and even...
Hello all dear traders! BINANCE:BTCUSDT Overall, on H1 we have seen that the trend has shaken and the pressure is leaning towards the buying side. It is currently trading at a new high of $63,250, after hitting $63,435 and up 0.28% on the day Accordingly, when observing from the chart that the resistance level of 62,000 USD has been broken by the bulls, it is...
In my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330. After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark. Yesterday's price movement indicates that dips are being bought, suggesting that Gold has...
Dear traders! SOLUSDT today continued its steady rise above 154.12 and is up 0.93% on the day. Personally, I still maintain faith in a huge upside as long as the indicated uptrend channel holds. It is expected that after a correction to the 0.618 Fibonacci level (coinciding with EMA 34.89) SOLUSDT will rebound with an expected increase to 165.68 if this level is...
Hello traders! Overall, ETHUSDT continues to trade within a parallel bearish channel on the D1 chart, which typically determines our medium-term outlook. It is currently trading steady at $3029 and down 0.21% on the day. From a technical perspective: The H4 setup shows strong resistance of the down trend. Therefore, it is likely that the price will continue its...
Hello dear traders! Overall, gold experienced significant volatility yesterday with price gains surpassing $2,328 in a wedge pattern continuing the technical uptrend. It is currently trading at a new high of $2,353, marking a 0.2% gain on the day. So what are the reasons and factors driving gold? Speaking of impact factors, we must mention: Gold prices...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Hello everyone ! SOLUSDT has been on a recovery trend for several days. The price is currently trading around $154.30 USD, and according to the trendline analysis chart, there is strong potential for price increases expected to occur after the retreat to the 0.5 - 0.618 Fibonacci retracement zone.
Hello everyone, In the realm of cryptocurrency trading, BTCUSDT is currently navigating through a volatile phase. Despite moving within a price range with a gradual downward trend for several weeks, it is currently trading around $60,900 USD and has lost 0.5% for the day. However, taking a long-term perspective, BTCUSDT is following the structure of a bullish...
ETHUSDT continues to trade within a long-standing downtrend channel, with the RSI index remaining stable around 44.30, indicating a sustained trend. Looking ahead, the bearish camp still holds sway, with expectations of a decline towards the 2219 zone after another price rally hits the upper limit once again!
Hello traders! An uptrend line is forming supported by a break of 1.0730. It is currently trading at a new high of 1,077 and is down 0.05% on the day. It can be seen on almost every timeframe that EUR/USD is showing significant gains, indicating a positive outlook. With EU continuing to trade at these high levels it is likely that the 1.0750 price level...
In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers...
Hello all dear traders! So after a long period of price decline, BTCUSD rebounded with a spectacular breakout from the price wedge, which was not only a move from the bulls but also pushed the price up sharply from this point on. It is currently consolidating above highs of $63,083 marking a 0.1% gain on the day. However, looking from a technical perspective on...
Bitcoin (BTCUSD) broke again below the 1D MA100 (green trend-line) after the 3rd rejection on the 1D MA50 (blue trend-line) in almost 1 month (since the April 13 bearish break-out). If it stays unbroken, it is a far from ideal development as the 1-year price action has shown us that such a pattern risks making a Lower Low. The technical structure since April 08...
Yesterday I said that if the Bitcoin price breaks through 61800, the downward trend may be reversed in the short term. Yesterday the price broke through 61800 and then fell back to 61800 and continued to rise. The highest point was close to 63900. The price is currently correcting. Judging from the 60-minute chart, the price has stood above the 20-day and 50-day...