The uncertainty surrounding regulations and the management measures of cryptocurrencies also contribute to Bitcoin's price volatility. On the 4-hour chart, Bitcoin's price is trading within the range between two resistance and support zones. Currently, BTCUSDT prices are above the EMA 34 and EMA 89 lines, indicating a short-term uptrend is forming. The RSI is...
Hello everyone, what do you think about BTCUSDT today? Looking at the 4-hour chart, we can see that BTCUSDT is back on its bullish track after successfully retesting the EMA 89. At the time of writing, the price has reached 66,500 USD with clear signs of recovery. Given these positive signals, I highly recommend considering a buy strategy today.
Gold prices today continue to decline sharply, dropping by $30.3 to $2,364.4 per ounce in the early hours of the final trading day of the week. The plunge in gold prices to the lowest level in over two weeks is driven by profit-taking pressure following the recent rise in this precious metal. Meanwhile, the market is still awaiting new data to seek fresh...
The EURUSD pair continues to consolidate after a day of losses, currently trading around 1.085 with a slight recovery, though it hasn't achieved a significant breakthrough. However, looking at the overall picture, this currency pair remains under the control of the bears, with resistance at 1.088 posing a formidable barrier. As long as this resistance holds, the...
Today, BTCUSD is showing a promising recovery, with the price hovering around $67,000. We plan to continue buying as the trendline is being established. Our priority is to buy during short-term pullbacks, aiming for the final target at the trendline boundary marked on today's analysis chart.
The GBP/USD pair plunged on Thursday, marking its third consecutive day in the red and falling below 1.2860. This decline is driven by market expectations that the Bank of England (BoE) will cut interest rates next week, putting pressure on the British Pound.
Hello everyone, what are your thoughts on ETHUSDT today? Here's my trading strategy on the chart. First, we'll continue buying up to the indicated resistance level, and then we'll sell, aiming to form the anticipated double-top pattern. What about you? How do you think we should trade it? Share your trading ideas in the comments below!
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2340 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2340 support and resistance area. Trade safe, Joe.
Here is our detailed technical review for EURUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.083. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.088 level. P.S Please, note that an...
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.234. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 82.164 level. P.S Overbought describes a...
SOLUSDT is currently on a significant downward trajectory, marking its fifth consecutive day of price adjustments. As the price hovers around $170.54, the potential for further declines looms large, especially given the token's failure to rebound after touching the EMA 34 threshold. Technical Forecast: The technical indicators suggest a pressing test of the EMA...
Hello, Friends! GOLD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...
Take a look at our analysis for USDCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.882. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.887 level. P.S The term oversold refers to...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.27600 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27600 support and resistance area. Trade safe, Joe.
ETHUSD is currently encountering significant resistance around the $3,260 level, marked by a descending trendline. The strong support level is at $3,111, where the price has previously bounced back. Recent candlesticks show short-term recovery but with long upper wicks, indicating rejection at higher price levels. The future trend of ETHUSD may continue to...
BTCUSD is currently showcasing a head and shoulders pattern on the 4-hour chart, a classic signal that traders might be looking at a shift towards bearish territory. Technical indicators align, pointing towards a preference for a price decline, as the coin has already shed nearly 2% of its value today, now trading at $64,000. Sellers are setting their sights on...
Recent statements about maintaining flexible monetary policies to support the US economy have put pressure on the USD, increasing the value of the EUR against the USD. Currently, EURUSD prices are above the EMA 34 and EMA 89 lines, indicating that an upward trend is forming. Recent candlesticks show strong recovery, with long-bodied candles and short wicks,...
Hello, Friends! USOIL is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 83.51 level. ✅LIKE AND COMMENT MY IDEAS✅