Hello, dear friends! Let's try to predict what we can wait from the Bitcoin price action in the nearest future. I suppose that it's printing the reactive wave 4 after a strong impulse. The target for this dump is $38500. There we have the safe buy area. After that we will see the higher high in wave 5. If Awesome Oscillator will for bearish divergence there it's...
we have formed another ascending channel, breaking the red line which is the upper channel of the new ascending channel will invalidate the bearish pattern, we did invalidate this huge ascending channel before, so we can do it again, green line must HOLD
XAUUSD is declining and testing local lows. The market has stopped paying attention to the conflict in the red sea, which is surprising, and focuses its attention on the comments of the Fed representatives, who are quite a lot of speakers and will speak this week. Lot of news today. Overall, the regulator is not ready to give up yet and may continue to keep the...
Reading a chart is not only knowing the meaning, definitions and names of each indicator, it is actually more important how we interpret a certain reading rather than the reading itself. The classic example is the RSI. A very strong RSI reading can translate into bearish potential, while a very weak RSI can mean that the bottom is close or in —reversals tend to...
The project is young, and the trading history of XAIUSDT is less than two weeks. But on the other hand, the project is currently "hype" and the total capitalization is not yet very "inflated". Accordingly, MMs can easily push the price up once again. A more or less safe purchase is around $0.89 and below. But if "they" confidently push and fix the price below...
Hi Traders ! On The Daily Time Frame, The AUDCHF Formed a Triple TOP Pattern. -The Neckline is Broken. So, I Predict a Bearish Move 📉 ----------- TARGET: 0.56370🎯
After a breakout of a resistance line of a bullish flag pattern on a daily, Gold is currently retesting that. We can see a perfect confluence between a horizontal support and a falling trend line. A bullish movement may initiate soon. Your bullish confirmation can be a bullish breakout of a falling parallel channel on an hourly time frame. Patiently wait for...
The market rejected the resistance, then made an impulse leg down. OANDA:XAUUSD broke and fixed below two important levels: 2050 and 2030. I think the market will range because, as we can see, the market returned to its range zone. However, if the price pulls back from the resistance zone and upward trendline, then I look for a selling signal because the price...
As of the current moment, I do not have any active trades in the cryptocurrency market. I have closed all of my long positions, though I have not yet transitioned to short positions—at least not as of now. The purpose of this post is to address some specific concerns: First and foremost, considering common sense factors: - The overall sentiment in the...
As We Talked in The Previous Analysis: The EURJPY Reached a Support Level (155.372 - 154.420) The Price Formed an Ascending Triangle Pattern. The Resistance Level is Broken. Currently, The Price Pull Back to Important Structure and Now it Will Continue its Bullish Movement📈 TARGET: 161.210🎯
The price perfectly fulfills my last idea. The price fell and hit the target level. FX:GBPUSD broke through the range and made a new lower low. On the 4H timeframe, it broke the previous low as well. Currently, the price is pulling back toward the range zone. The market reacted many times to this level before. I expect the price to go to the support level if the...
Nothing but bearish signals everywhere and we patiently wait for more confirmations but the MACD is clear, more downside should be expected.
In the daily Bitcoin analysis, we said that today we have important news for Bitcoin, so be careful with your transactions at this hour. According to the news, we determined the important support and resistance ranges and also reviewed the possible movement again in the daily time. In 15 minutes, we have a look at the failure of Bitcoin's upward trend and the...
Like EurUsd, also GbpUsd failed to break above resistance and reversed. Yesterday's drop cleared the ascending trend-line and now the pair is exactly in support. A break under looks imminent and continuation to 1.25 is the most probable scenario. In extension, swing traders could look at 1.2350 support as the target. Sell rallies, ideally around 1.2650-1.2670...
Dear colleagues, the price has started a downward movement and formed wave 1. At the moment it is possible to update the minimum in the area of 2017, after which I expect the beginning of corrective wave 2 with the goal to reach 50% Fibonacci level in the area of 2039. It is possible that there will be no update of the low and the price will immediately start...
Hello Everyone, The current USD/CAD exchange rate stands at its 1-day high of 1.34119, closely approaching the 1-week high of 1.34431. While short-term prospects suggest a potential for further buying, indications point towards a forthcoming decline in the long term. The currency pair is on the verge of encountering robust resistance levels at 1.345109 and...
Hello Everyone, The AUD/USD recently tested its daily (0.66781), weekly (0.66472), and monthly (0.66406) lows, with a potential retest of the monthly support at 0.662164 before any significant upward movement. It is advisable to exercise patience and observe how the price evolves before considering a long position. The inclusion of yearly and monthly pivot points...
Looking at the daily on CFX we can see a major sign of weakness that MAY be signaling we are ready for a much larger move to the down side. After an insane 2000% push to the up side we seen a 50% retrace of that entire move and have since pushed up exactly 50% of the way to the top of the mega rally. This is a 50% retrace that has put in a lower high, had a...