Gold breaks the wedge resistance and forms momentum to retest 0.382 Fibo. Buyers are able to strengthen the price from 1910 to 1932, it all depends on whether the price can form a consolidation above the support. TA on the high timeframe: 1) A bounce from 1893 is forming. In terms of technical analysis the price makes a test of 1938. On the background of a...
USDCAD breaks the downtrend and forms a reversal pattern. Good potential for strengthening of the currency pair begins to appear TA on high timeframe: 1) On d1 the situation is complicated. Consolidation is formed inside the channel 0.91200 - 0.88595. 2) It is acceptable to buy if the consolidation is above the level of 1.32600 or above the base of the pattern...
OANDA:XAUUSD market is still bearish. Breaking through the resistance of the descending channel may not play a key role. The price is in a global wedge and we see a bounce forming from support. On Friday, we saw a strong rally that many did not expect. The price was bullish on the inflation related news. Looking at the technical picture some things might...
BINANCE:XLMUSDT forms the bottom, relative to which the price develops positive dynamics. After testing 0.0758, a rally is formed and the price makes a retest of the trend resistance. As we can see, a three-day accumulation is formed in relation to the resistance. The market is obviously ready to continue rising, but in order to do that the price needs to...
OANDA:XAUUSD forms a new local low and then makes a retest. The bearish scenario continues, which tells us that gold will continue to red, unless, of course, the fundamental backdrop takes the opposite direction. The phase of realization of the accumulated potential is forming. When the support of the 1939 range is broken, there is a new downtrend in a...
OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area....
OANDA:XAUUSD continues to form a sideways range of 1938 - 1912. But if you look closely, we see a symmetrical triangle on the downtrend. What can happen to the price? The triangle can affect price both bearishly and bullishly. If sellers hold resistance, price will move to the lower boundary of the pattern - the chance of further declines will increase. But...
BINANCE:NEARUSDT forms several key setups which are quite strong prerequisites for further growth. What to expect from the price? A double bottom is forming at the level of 1.229. The formation period is 7 months. Price is accumulating a huge amount of energy during this period while a range (consolidation) of 1.229-2.596 is forming. At the same time the...
The market stops OANDA:XAUUSD fall at the local support level of 1912. On Friday, we saw a redemption of the fall, but the price could not overcome the resistance. The retest sent the price down. There is a sideways formation of the range between 1938 and 1912. The price might test one of the key resistances, but there is not much of a potential for the...
5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
Hello traders🌍🆗 We have a possible cup and handle on the daily view ☕ We are currently in a descending structure that has been forming over the last month. Bitcoin price ascended to a sharp test of the top of structure ▶ We made a similar structure just upsidedown May of last year ⏬ I am watching 👀out to see if we reach 25k as a potential buy...
Bitcoin tagged the upper line of the downtrend channel yesterday after drifting higher over the weekend. It's make it or break it time as a failure to move up and out of the downtrend channel will likely result in a re-test of the lower channel line. Regardless of what you might hear, the SEC suing Coinbase and Binance is not bullish for cryptocurrencies. ...
Recently EURNZD was in strong bullish momentum but currently the market is stuck in bearish parallel channel. Currently the pair is trading at the resistance of channel, will it go to downside again?
If you haven't sold DOGE, you should do it as soon as possible because otherwise you will experience a critical 81% crash. But fortunately, I am here to protect your funds, and in this analysis, I will tell you why this crash is going to happen! First of all, we can clearly see that the price is moving in the descending parallel channel on the macro-weekly...
NYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65 -Falling Wedge breakout and retest wedge-line as support -Bottom of channel bounce with strong green candles -Buying volume vastly outweighs selling volume from trend -RSI showing momentum with plenty of room to run Good idea...
Hi Traders, EURCAD is trading within a descending channel which we could see another bearish move down near the top boundary of the channel. As BOC raised interest rates another 25 basis points unexpectedly, we can expect more bearish downfall. Thanks Trade Safe **If you felt this post was helpful, hit the LIKE button and FOLLOW me for more ideas**
LINAUSDT is trading in bearish parallel channel and currently creating support at 0.120 region with bullish divergence. Will the price bounce from this critical level?
On the chart, you can see my Fibonacci original pitchfork on the logarithmic scale, starting from the bottom at 15476. As you can see, this pitchfork is very well respected, sometimes pretty much exactly to the dollar. The power of a pitchfork is real on Bitcoin. I use Fibonacci 1, 0.618, 0.382, and 0 values for it. Right now, the price of Bitcoin is still...