Price has just rejected off a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially fall to our take profit. Entry: 3249.60 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 3430.18 Why we like it: There is an overlap resistance level...
Today I would like to present to you my point of view regarding EURUSD - I expect huge upside move in a very short time, a similar situation on February 20, 2020 on EURUSD, will something be announced soon that will shake the financial markets?
By checking the gold chart in the one-hour time frame, we can see that the price started to fall based on our analysis and hit all the targets of $2334, $2324, $2319 and $2303, and the total yield of this analysis so far is more than 1000 pips! I hope you have made the most of it! The demand levels are $2296, $2283 and $2275 respectively! The supply levels are...
Hello,Traders! ETHEREUM is retesting a Horizontal resistance level Of 3275$ so I will be Expecting a local pullback And a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#Crypto has also done well since the call for a rally. CRYPTOCAP:BTC futures (as usual, pretty consistent, no?) show the better data. #bitcoin held the Moving Avg & support underneath. Spot traded beneath Mov Avg, showing a false breakdown. CRYPTOCAP:ETH bounced, like it's bigger brother. It looks stronger on Futures vs Spot. #BTC Shorts covered. #ETH had...
Trade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term uptrend intact. It’s now trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a...
Last week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs…...
Hi everyone, Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time. There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price...
hello guys... as you can see, this coin is in the bottom line of the broken ascending channel and the descending channel at the same time! it is a great chance for the price to start another upward movement! but if the orange area is broken up. so you can put a stop limit order for a long position that if the price engulfs the 3305 area then your long position...
Ethereum (ETH/USD) is rising towards the pivot which has been identified as a pullback resistance. Could this crypto-currency potentially stall around this level before reversing to drop towards the 1st support? Pivot: 3,256.52 1st Support: 2,945.02 1st Resistance: 3,436.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and...
In this signal I'm going to combine two important reversals: - The daily RSI on GRT has hit oversold for the first time since September 2023. Daily oversold RSI's are amazing buying opportunities during bull-markets. - The price retested the bear-market highs of ~0.23 from back in January 2023 as support. This might be the final bearish move in the next few...
By checking the #Nasdaq chart in 4-h time frame, we can see that the price was exactly as we expected, after it entered the Bearish BB supply range, it was accompanied by selling pressure and was able to hit the main target with more than 430 pips profit! In the coming week, we will probably have a short upward movement first, and then with the right trigger, we...
Ethereum, the world's second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential breakout after a period of consolidation. Recent technical indicators, including a Simple Moving Average (SMA) crossover and price action hovering near a resistance level, suggest a bullish outlook for Ether (ETH). Breaking Down the Bullish...
hello guys... as you can see the orange area worked like a resistance area and the price couldn't break it yet! on the other hand, the internal trendline is so close to the price! also, you can see the price moving below the descending channel! all of these are bearish reasons! why is the price compressed here?! due to the bottom line of the ascending channel...
📈🌟 Ethereum's Promising Horizon - What's Next for ETH? 🚀💡 Hi everyone, time to look at Ethereum, and I must say, Ethereum at this stage looks more promising to me than Bitcoin. For the coming weeks, my focus will be on Ethereum for quite a few reasons. Let's dive into the chart: we've witnessed a dip, and the 2850 level has now established itself as very healthy...
Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
After breaking below the horizontal support level in the 3.2k zone two Saturdays ago, BITSTAMP:ETHUSD remained below this crucial level throughout last week. However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart. As of now, the price has returned...
Bitcoin is hinting at a consolidation phase above the key resistance area. Should it decisively break the prevailing downtrend line, we're looking at a potential upward journey towards the next significant order block zone. Keep a close eye on the breakout to confirm the bullish momentum.