At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market,...
Hello dear traders! Let's discuss and strategize today. Overall, yesterday the price of BTCUSDT experienced significant volatility with a bearish impulse surpassing the $62,000 level, along with that on H1 Descending price channel started to appear (this generally reinforces the strong bear market go up). BTCUSDT is currently reaching $60,863 and up 0.1% on the...
Overall, BTCUSDT still appears to be in a long-term downtrend according to chart analysis data. The trend seems to be under the control of the Bear camp, with the current price sitting at $60,800 USD. A potential upward movement may still occur, but it's likely to encounter resistance around $64,200 USD. Considering the prospects, BTCUSDT is heading towards the...
Has been a long time since we've done a crypto fiesta! Time for a new one 🔥 Short-term view: Bears have the overhand since the second week of April. A lot of volatility both ways, but the bulls are failing to push back to 70k Long-term: trend is still bullish. We can correct more, but still expecting a new all-time high over the next months. A move below 50k...
Dear traders! BTCUSD experienced significant volatility yesterday with a breakout from the $62,000 level it is now approaching the $61,000 level which should generally provide momentum to lower levels. However, the slowdown around the $60,700 area increases the possibility of a return to growth within the corrective trend. Talking about the current trend, it is...
Hello dear traders! Overall, ETHUSDT is gradually forming a promising potential uptrend triangle, it is currently stable in a narrow range around the 3200 USD - 29000 USD zone. Theoretically the price will break resistance and take further distribution supported by many technical factors. Clearly the market maker is gathering liquidity at the expense of the...
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
SOLUSDT trading strategy: From a classical analysis perspective: A double top pattern is gradually forming, signaling a potential reversal. In the scenario, I aim to correct the pullback and get the 1.618 Fibonacci or higher at 0.5 as a strong reversal thrust and retest of the 34.89 EMA levels. In case the bears maintain this stance and close the candle below...
EURUSD experienced a slight decline as it closed the week's trading session at a price above 1.076. However, overall, this currency pair has been undergoing a recovery trend for several days. The main resistance level for EUR/USD will appear in the range of 1.0790 – 1.0800, delineated by the EMA 34, 89 lines, and the upper boundary of the descending trend...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Hello dear friends, BTCUSD is striving for a recovery, but the upward momentum seems to be weak and lackluster. The downtrend continues to hold strong on the 6-hour chart, and we are still aiming for the target of $58,700 USD after the retracement around the 0.618 Fibonacci level concludes. Thank you all!
Judging from the daily chart, yesterday's closing was a big negative line, which reversed the positive line the day before yesterday. In addition, the price rebounded to the 20-day line and then fell rapidly. This shows that the current price will continue the downward trend. Although the price is currently in a rebound stage, as long as the price does not exceed...
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
Hello dear traders! That's the end of another trading week! Let's discuss and strategize today. Now, the sudden rise in the Greenback has allowed selling pressure in the risk complex to resurface, dragging EUR/USD to daily lows near 1.0760. From the technical analysis chart: EMA 34.89 continues to support the technical uptrend of this pair. However, in the short...
in 1D chart BTC is still consolidating in falling wedge pattern...breaking out the upper side make btc trading above the green rectangular and it's just a matter of time to habben. Green rectangular is a most important zone in this chart...it represents a neck line of the inverse H&S pattern , 0.5 fib level , POC line , 50EMA 4 massive resistance in daily chart...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
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...
BINANCE:ETHUSDT Price is in process of making ab=cd pattern where we have a possible order block placed too at the point of D which is our area of entry. Our initial target is at $3500 and then $4000 and lastly it will at $4500. We can achieve this target by end of this month or next one depending on how other Economic factors interfere with the price...