AUDUSD broke and closed below a wide, significant horizontal demand cluster on a daily time frame. The broken structure turned into a supply zone now. The next historical support is around 0.636 level. It is most likely the next goal for the sellers now. ❤️Please, support my work with like, thank you!❤️
Momentum is also a KEY behavior of price. When least expected, these underwater currents can drag you lower (or higher). #bitcoin #btc #momentum
Traders, In today's trading session, our attention turns to XAUUSD, where we're keeping a close eye on a potential buying opportunity around the 2375 zone. Gold is on the verge of approaching the retrace area following its breakout from a downtrend observed in the 15-minute timeframes. Delving deeper into our analysis, it's crucial to underscore the fundamental...
The Dow Jones symbol has entered a downward trend, which has moved its highs into a short position. It is likely that the price will correct up to 38800 and continue its downward trend from there until it reaches the important support of 35000.
This Weekly Support (around 152 - 153) should be honored for Upside If 159 is Crossed & Sustained, we may witness 179 and then 200
The price breaks local resistance and heads towards 2400. At the moment, the market's target is to break 2400 and reach the liquidity area of 2431. Resistance levels: 2429.7, 2400 Support levels: 2371, 2365 Technically, this is a strong bull market. It is worth looking for strong support areas to buy or strong resistance areas to trade on a breakout. Potential...
if this last Monthly candle closes above 46.70 - 47, this would be a Perfect Morning Star Formation (combination of last 3 candles) However, Double Bottom is around 42 and also 0.786 fib level of Entire Rally Bullish Divergence is also being created on Weekly basis; & appeared on Daily TF
The Dow Jones Industrial Average, a bellwether index reflecting market sentiment and economic outlook, experienced a notable shift in dynamics following remarks by Federal Reserve Chair Jerome Powell. After a previous push-down impulse triggered by Powell's speech yesterday, the index exhibited a remarkable recovery during the Asian session, opening the new...
Price is forming SHS, waiting to see a break above our supply zone to go long. either on breakout or upon retest to the zone.
Honorable Traders, Greetings to you all. It is with great pleasure that we present our incisive analysis of the EURUSD. Our meticulous scrutiny has yielded the following insights: • Short-Term Outlook: We anticipate a bullish correction. • Mid-Term Forecast: A continuation of the bearish trend is expected. • Long-Term Perspective: The trajectory seems poised for...
Price is forming SHS, waiting to see a break above our supply zone to go long. either on breakout or upon retest to the zone.
On the two-hour timeframe, the clarity of the market movements for BINANCE:RUNEUSDT becomes even more evident. The end of Wave ((i)) is marked by our high at $11.47. Following this peak, there has been a consistent downtrend, punctuated by a brief corrective phase—this is typical market Elliott Wave behavior. We potentially have the end of Wave ((ii))...
Recently, the long-awaited Starknet airdrop took place. The last time there was such a hype around the project was probably during the Arbitrum airdrop We don't have any STRK coins and don't plan to buy them in large quantities right now. However, exchanges are now holding trading contests around STRKUSDT and you and we can earn money by fulfilling simple...
The GBP/USD currency pair has shown signs of potential reversal as it approaches a critical support level. A detailed analysis suggests that a bullish reversal may be imminent. Technical Analysis: Support Level: The pair is currently approaching a significant support level, indicating a potential area for a reversal. This support level has historically shown...
Price is forming SHS, waiting to see a break above our supply zone to go long. either on breakout or upon retest to the zone.
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ADAUSDT went straight down, breaking through the support level. It broke and closed below the key level at 0.50. This opens the door to lower levels. I think the market might move down to retest the recent support level. If the market makes a retracement toward resistance around the...
All the descriptions can be seen on the chart. Here we are comparing two different patterns: 1) A continuation pattern with a flat structure; 2) A top pattern with a rounded structure. It is all quite revealing. ➖ The continuation pattern comes right after the initial breakout —perfect. ➖ The top pattern comes right after a major bullish wave —great. 👉 First...
BINANCE:SHIBUSDT This idea has a medium-term profit target. All targets are indicated on the graph. - Risk 1% on deposit - R/R 1/2 P.S (This is not an investment recommendation, this is my personal opinion.)