The trendline had its importance, the price crashes into it and retraces, I hope only in the short term, otherwise I may have done the math wrong. There is. Nobody knows the future and technical analysis is the study of the past, therefore the probability that this ongoing movement is a short-term correction is high, for the simple context in which we find...
BINANCE:BTCUSDT Bitcoin might go for a few weeks of correction . i think we have seen the most of pre halving bull trend this price action suggest more correction is needed before we can go higher . I personally don't think there's much juice left to push the crypto market higher at most I can expect another upside move before we go down for the halving...
Polkadot (DOTUSD): BINANCE:DOTUSD Polkadot appears to have completed Wave (2) with a notable level of certainty. Upon further analysis, it increasingly seems we're witnessing an ending diagonal pattern. This indicates the potential conclusion of the current uptrend shortly, leading to a corrective downturn for Polkadot. While Wave 1 could theoretically extend...
Bond/Usdt Breakoit was already confirmed on higher time Retest is almost done Expecting 80-160% bullish rally icoming days : Let's see This is not financial advice
4H Timeframe: Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high. These are the first signs of a trend change in the medium term. Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area. Weekly Timeframe: Bitcoin is still in an uptrend in the weekly...
The recent rally has come to an end as you all can see but is this a buying opportunity or a sign of things to come? Key points: ]MEME coins are experiencing a pullback. This could last days or even weeks. Coming price action will tell. Fibonacci levels (100%, 127.2% , 161.8%) could be potential entry points. These levels represent historical support areas...
Current Status: BTC faced rejection near $73,000 and has initiated a corrective move, which is healthy after its rapid ascent in recent months. Key Support Levels: $65,000 $60,500 $56,500 Potential Scenario: This correction might unfold gradually over the next few weeks. Expect relief bounces amid the descent, during which altcoins could outperform BTC. 📊...
BINANCE:BTCUSDT what i see from the situation here we may be in a down trend for some time. but i think this correction is a great opportunity to buy some altcoins as bitcoin cools off a bit . i can't say precisely how much more we go down but the low 60k$ to high 50k$ range is not out of the equation. but we will pump fast and hard when this correction ends...
Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: For more than three years, Tesla stock has been trading in a bullish flag formation. Two months ago Tesla once again retested the upper resistance trendline and failed to break out towards the upside. There are two major support levels below current market price...
Nasdaq (NQ1): CME_MINI:NQ1! Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more...
An old trendline drawn on long-term cyclical lows, today seems like a good resistance where perhaps the price will have a small moment of pause, perhaps in the short term (3 weeks - 1 month). Last week's closing above the historical highs or in any case in that area also seems to give continuity to the bullish trend, but here now it is more important to try to...
USDollar Index - DXY is falling due to lower US Yields and we have been talking about that in the previous articles. There can be actually room for much more weakness, but on the intraday basis, we see room at least for one more leg down towards 102.00 level or lower. We have seen some intraday recovery recently, but looks like a clear corrective movement in...
Hello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: In 2020 Amazon created a beautiful triangle breakout which was followed by a +75% rally and then a -50% correction. After the correction was over, Amazon perfectly retested a confluence of support and reversed aggressively towards the upside. Considering that...
Bitcoin just hit a new all time high against the USD pre halving! The bitcoin spot etfs have shifted the paradigm and we now find ourselves in unprecedented times. Considering that, for all I know the correction may have already seen the lowest it will go before we resume bull, but if history can tell us anything, it’s that it’s very common to see multiple 30-40%...
Microsoft (MSFT): NASDAQ:MSFT We remain steadfast in our primary scenario for Microsoft , which suggests a significant correction is underway. Thus far, there have been no deviations from this expectation. Upon closer examination of the 2-hour chart, we observe that the subordinate Wave (B) precisely reached our targeted 127-138% retracement levels. We now...
This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction. Technical Analysis: Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend. Escaping the Accumulation Box: The recent breakout from the daily accumulation box...
Bitcoin Long-Term Analysis: The chart illustrates Bitcoin's (BTC) monthly price action within an ascending channel since 2017. The red vertical lines indicate instances when the monthly RSI entered the overbought zone, historically coinciding with mid-bull market phases. At $75,000, BTC will encounter the channel's midline . A breakout and consolidation above...
🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...