BNBUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 220.
BINANCE:BTCUSDT COINBASE:BTCUSD As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why? Because at that time there was no catalyst to...
USDCAD is forming a retest of the key support area. The correction phase is quite deep and amounts to almost 1.5% of the price. Most likely, as long as the market is standing still, including the dollar, the currency pair can form a false breakdown of the liquidity area TA on the drawdown timeframe: 1) support retest, we have 5 confirmations. The level was...
Bitcoin crashed to 25k recently, but a huge pump followed immediately after a false breakout of the head and shoulders pattern. Bitcoin was heading down to continue in the downtrend to 21k, but a huge buyer suddenly appeared and sent bitcoin to the upside. Is this a strong reversal pattern? I think so! It looks like Bitcoin is refusing to go lower, which is...
Hello everyone AS you could see we have here a head and shoulders pattern with a Break of structure for The Higher high with creating lower low to retest the ascending channel You could set a SL : 1.35000 TP : 1.37900 Please support us with a like comment and Follow.
OANDA:XAUUSD is moving out of the downside range, but at the same time the DXY reverses and forms a retest of 105.00. The DXY fundamentals are better and there is a higher probability of further dollar gains than gold Note the small chart below (Dollar Index). An important level is marked and we see the price retesting the resistance within one week - a high...
FX:GBPUSD is forming a local reversal setup, while the dollar, from the opening of the session, is starting to form a correction On the chart below, I pointed out the "double bottom" pattern, which has overcome the base of the pattern. The important level for us is 1.2511. If the bulls hold this area, the price may strengthen to 1.26065. The dollar index has...
BITSTAMP:BTCUSD demonstrates the formation of a sideways flat within the framework of fundamental instability and global uptrend On the chart we see an ascending channel and the formation of a fairly wide sideways range with a width of $6,000. On the W1 timeframe I have outlined a strong support line, which in turn has multiple confirmations of its presence....
OANDA:XAUUSD failed to break the resistance of the local descending channel on H1 as the price is trapped inside the global bearish trend on D1. The TVC:DXY correction is failing to yield much as gold is also weakening On yesterday's decline the market is forming a local support level at 1908.4. From the opening of the new session we see a retest of this...
CADCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6590
BLZUSDT is in strong bullish trend. As the market is started to print new HHs and HLs after the recent massive selloff. currently the market is retracing a bit after last HH, if the market successfully sustain the local support then the next leg up can lead to 0.1763. What you guys think of this idea and don't forget to share your idea.
FX:GBPCAD breaks trend support and breaks flat support on the background of weakening pound sterling. A retest of the strong support area is formed. The main currency of the UK is also declining to a 3-month low The price breaks the support of the ascending price channel and forms an impulse. The market is forming an attempt to change the trend. In the near...
vascon 1m time frame buy @ cmp target 59.35, 63.50, 67.30 ascending triangle breakout risk reward 1.5 sl@28.20 education purpose trade at your own risk
GBPJPY is forming a counter-trend correction on the background of the upward bullish trend. Within the correction and descending price channel, a bullish reaction is possible when support is retested TA on the high timeframe: 1) resistance line at 183.76 was broken earlier 2) Bulls are trying hard to hold this area. A false breakout may follow on the back of...
OANDA:XAUUSD continues to decline. Since the end of the last session the price forms a limit support level and forms a pre-breakdown consolidation. The realization of a false breakout of global resistance begins The price is forging a local support level, but still has not updated the previous one, formed in late August. Consequently, the market has a target...
OANDA:XAUUSD is breaking support, MA50 & MA200 and is building momentum, making local lows along the way. Back in Sunday and the first two days of the new week, I talked about an impending fall from 1950. What happened? We see a 250 pip drop. After the retest of 1926, a new bearish impulse is forming. The local resistance level is doing its job. It is not...
GBPCAD in the format of a global ascending price channel forms a setup that may resume upward movement after a small stagnation in the flat format TA on the high timeframe: 1) The market is in a bullish trend. Consolidation is forming above 1.71000. 2) The liquidity area on the support side may not let the price down, but on the contrary, push it up and make the...
The next crash is coming for the price of Bitcoin, but first we need to correct the recent downtrend! This correction can be pretty significant up to the 0.618 FIB retracement, which is at 27,609. You probably want to set your limit orders to short BTC at this level! After a bullish correction, I expect another huge crash, kindly to 20k. But of course we are...