Today, XRPUSD continues to show weakness, with its price hovering around the $0.5200 mark, having lost 1.42% during the day. From an analysis of the 4-hour chart, the price appears to be forming a head and shoulders pattern. In this scenario, the support level at $0.5220 may be breached, and the price is expected to seek new momentum around the $0.4843...
Hello traders! ‼️ This is my perspective on USDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. There is a confluence of arguments for a buy, is if price continue the retracement to fill the imbalance and then rejects from trendline + S/R zone + institutional big figure 1.36000. Like,...
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This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Macro backdrop: 1. Fed has signaled no rate cuts this year = less liquidity for risk/growth assets 2. DXY looks ready to rise = softness for dollar alternatives i.e. BTC & Gold 3. Geopolitical tensions & risk of war leading to uncertainty Bearish Chart Evidence: 1. 3 consecutive lower lows 2. Upside channel break 3. RSI below 50 4. MACD Convergence 5. Volume...
Logarithm. Time frame 3 days. Locally, a descending wedge is forming, almost in its final phase. Note that the trading volume is minimal, and is decreasing. 🟢If there will be its breakout — the local potential is shown. That is fractal repetition of the movement as before. 🔴Breakthrough down to the lower zone of the channel — to begin with the rebound of the...
Looking at this chart, it’s clear that there’s a positive sentiment around LTC. The price is hovering nicely above the moving averages, which is a sign that things are on the upswing. The moving averages are neatly stacked, and the price is respecting that pattern, indicating a solid upward trend. The volume is quite heavy as well, suggesting there’s serious...
🧠We entered the correction phase after completing the cup and handle structure goal. The double top short goal has been fully achieved, and we once again obtained good support after returning to the buy zone, and successfully constructed a double bottom structure near the buy zone. There is a high probability that we will use this structure as a supporting force...
Gold successfully broke through the neckline of an ascending triangle on a short-term chart and ended the day above it. This signals the strength of buyers and raises the likelihood of a broader bullish trend in the market. Following a retest of the breached level, buyers will be aiming for targets around 2360 to 2380.
Litecoin broke through the descending trendline. The bullish movement to the resistance level at $98 is expected to happen.
#HBAR is currently finding support in the 4-hour timeframe, indicating a potential upward movement. Keep an eye on developments. Remember to DYOR before entering any position. 📈👀 #HBARUpdate #CryptoTrading
Currently, crypto market users are divided into two camps: 1️⃣ - to the mooon with the first stop at 100k and 2️⃣ - the beginning of a correction to at least 50k. Two ultra-radical camps that will find 101 reasons why it should be exactly as they "want and expect" and not otherwise. On the #BTCUSDT chart, we have copied and displayed the fractal of #Bitcoin...
SOL mostly likes to move in big spurts that precede market up and down turns. The laddering up we are witnessing, moving up past the 200 week MA in lower time frames and daily and getting close on 4 and 6 HR, plus 5 days in a row closing green, is looking very very bullish to me! Still - SOL is powerful and it seems to be building some steam... The narrative is...
multiple patterns within a giant pattern.. the chart screams buy me, hope it plays out.
Polygon Coin has made a decent breakdown of the local support zone, and the price is now having a re-test of that same broken zone. We are now looking for full rejection near that zone and further downward movement beyond that target zone! Swallow Team
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple...
Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
Get out of your echo chamber. If the market rewards one side this consistently, that is a serious trend. Bitcoin chart is bearish. See you at 40k.