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Fenzofx

Ethereum Accumulates Below Key ResistanceFenzoFx—Ethereum remains bearish, trading near $3,078.00. Price is below $3,170.00, with a bearish fair value gap overhead and resistance at $3,371.00. Technical indicators show an oversold market with bullish divergence, and candlestick patterns suggest accumulation around this zone. Despite the bearish setup, a short-term rise may occur to grab liquidity before the downtrend resumes. In this case, Ethereum could target the bearish gap and resistance at $3,371.00.
COINBASE:ETHUSDShort
by FenzoFxBroker
Bitcoin Cash Tests Fragile SupportFenzoFx—Bitcoin Cash is in a bear market, down 6.50% since yesterday, now trading near $490.20. BCH is still holding above the ascending trendline, but this support has been tested five times, making it fragile. Technically, further downside is expected. A break below $469.10 could trigger a deeper decline toward $437.60. If selling pressure continues, $421.80 may be targeted. The bearish outlook remains intact while the price stays below the key resistance at $541.30.
COINBASE:BCHUSDShort
by FenzoFxBroker
XRP: Accumulation Zone Supports Short-Term UpsideFenzoFx—XRP (Ripple) is under selling pressure, down 0.50% today, trading near $2.309. The daily chart shows accumulation, suggesting sideways momentum may continue. Open interest supports this phase, with strong support between $2.072 and $2.223. XRP could rise slightly, potentially revisiting $2.456. If resistance at $2.456 holds, a bearish wave may follow, targeting $2.072. Continued selling pressure could push the price toward the liquidity void at $1.922.
COINBASE:XRPUSD
by FenzoFxBroker
Gold Confirmed Bullish BiasFenzoFx—Gold is bullish again, confirmed by engulfing above the $4,175.00 resistance. As of this writing, XAU/USD trades inside the bearish fair value gap, testing the $4,230.00 resistance. Last day, Gold did not dip below $4,103.00 (the bullish FVG) for liquidity. This indicates a strong bullish market. However, going long at the current price is risky because the price has surged already. The ideal level for joining the bull market would be around $4,146.00, which is in conjunction with daily highs and the October 23 and 24 close. This area should provide decent support for Gold. In the bullish scenario, we expect Gold to form a double top at all-time highs by targeting $4,398.00.
COMEX:GC1!Long
by FenzoFxBroker
Solana: Bears are in Full ControlFenzoFx—Solana is up by 3.30% today, after the sharp decline on November 25. The daily candle of this date is a bearish engulfing, meaning the sellers are in control of the $171.70. This level has the highest volume spike level as shown on the chart. The immediate resistance is at $171.70. From a technical perspective, the downtrend will likely resume if the price holds below this level. In this scenario, the next bearish target could be the sell-side liquidity at $137.60, followed by $126.00.
COINBASE:SOLUSDShort
by FenzoFxBroker
Gold's Accumulation Pays Off: $4,200 in SightFenzoFx—Gold bounced from $3,886.00 and accumulated around this range for 8 trading sessions. This was a bullish accumulation which resulted in Gold's price breaking out from the range in yesterday's session. Support is at $4,050.00. If this level holds, we expect Gold to target the liquidity void with resistance at $4,200.00 for profit taking. Furthermore, if the price breaks above $4,200.00, it will likely aim for the all-time high, the $4,379.00 mark. This level has equal lows, meaning stops are resting above it.
FX:XAUUSDLong
by FenzoFxBroker
Ethereum Accumulates Near $3,170 SupportFenzoFx—Ethereum is down 0.66% today, trading near $3,540.00 inside the liquidity void from October 10. Immediate support lies at $3,170.00, a level respected for 4 days on the daily chart. This accumulation may signal a potential move higher. In this scenario, ETH/USD could rise toward $3,836.00 before resuming its downtrend. A break below $3,170.00 would likely trigger a decline toward $2,880.00. The bearish outlook remains valid as long as the daily chart fails to print new higher highs.
COINBASE:ETHUSDShort
by FenzoFxBroker
BCH Correction Within Bearish StructureFenzoFx—Bitcoin Cash remains above the ascending trendline and $446.60 support. The price has entered the inverted fair value gap, which may act as strong resistance and cap further upside. The primary trend is bearish below $576.00, and current bullish momentum is likely corrective. BCH could rise toward $541.30 before resuming its downtrend. If bearish pressure returns, the next target is $427.00. The ascending trendline has been tested five times, making it fragile. A close above $576.00 would invalidate the bearish outlook. Key levels to monitor for bearish setups are $541.30 and $576.70.
COINBASE:BCHUSDShort
by FenzoFxBroker
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GBP/JPY: Bullish Void Supports Pullback ScenarioFenzoFx—GBP/JPY resumed its uptrend after filling 75% of the daily opening gap on November 5, now trading inside the bearish fair value gap with resistance at 203.10 and 203.50. A bullish liquidity void at 201.30 suggests a potential pullback before further upside. This zone offers a discount entry into the bull market. Technically, the pair is overbought, and going long now carries high risk. A correction toward 201.90 and 201.30 is preferred before considering upside targets. If buying pressure persists, GBP/JPY could tap liquidity above 204.20 and extend toward 205.30.
Long
by FenzoFxBroker
Bitcoin Correction Eyes $108,800FenzoFx—Bitcoin rebounded from $99,300.00 and is now trading near $106,000.00. This upward move is likely a corrective phase, with potential to fill the liquidity void up to $108,800.00. The equal lows at $99,326.00 remain vulnerable after repeated tests. We expect the downtrend to resume once BTC reaches the bearish fair value gap near $108,000.00. If confirmed, the next bearish targets are $100,000.00 and $90,000.00. The bearish outlook remains intact as long as the price stays below $116,576.00.
COINBASE:BTCUSDShort
by FenzoFxBroker
BCH Bearish Setup Below $545.00FenzoFx—Bitcoin Cash is trading around $485.00 in a bearish market, with pressure easing after hitting minor support at $465.00. The current momentum uptick may be short-lived, as price tends to fill liquidity voids between $489.00 and $507.00. Bearish setups could emerge within this zone. If confirmed, BCH may target $446.00, followed by $427.00 and $408.00. The bearish outlook remains valid while price stays below the $545.00 bearish order block.
COINBASE:BCHUSDShort
by FenzoFxBroker
BTC Correction Possible Before Further DropFenzoFx—Bitcoin continues its downtrend after dipping below the bearish fair value gap, now trading around $104,150.00. Immediate support sits at $103,400.00. A daily close below this level could trigger further downside, with thin liquidity below. Technically, a correction may occur first, potentially pushing BTC toward $108,800.00 before resuming the decline. If $103,400.00 is breached, the next support levels are $100,000.00 and $98,000.00.
COINBASE:BTCUSDShort
by FenzoFxBroker
Gold Awaits Breakout or BreakdownFenzoFx—Gold's upside momentum has been capped by the $4,050.00 resistance, backed by the anchored VWAP from October 23. The immediate support rests at the recent lower high, the $3,971.00 mark. From a technical perspective, a close below the immediate support could trigger the downtrend, retesting the lows at $3,901.00. On the flip side, if the price closes above $4,050.00, the current uptick in momentum could extend to the upper line of the bearish channel, followed by $4,175.00.
COMEX:GC1!
by FenzoFxBroker
Bearish Gap Caps XAU/USD UpsideFenzoFx—Gold traded lower after it crossed above the descending trendline, capped at the $4,050.00 bearish gap. Currently, Gold is testing the trendline as support, with support at $3,925.00. The recent breakout has confirmation from cumulative volume delta, and the delta also made a new higher low and lower high. The immediate support rests at $3,925.00. Yesterday, the price swept the sell-side liquidity by a few ticks below this level. This means the price should not return below this level in the current session if the market is bullish today. From a technical perspective, if $3,925.00 support holds, XAU/USD will likely rise to take the buy-side liquidity at $4,050.00. Please note that the bearish outlook should be invalidated if the price closes below the immediate support. This setup has a 1 to 4 risk-to-reward.
COMEX:GC1!Long
by FenzoFxBroker
XRP Rejected at Key ResistanceFenzoFx—XRP failed to close above the $2.6480 resistance on Monday, dipping 6.00% to $2.5460, just above the bullish fair value gap. A momentum divergence confirms the strength of the $2.6480 resistance zone, highlighted in grey on the daily chart. From a technical standpoint, XRP may trade lower toward $2.430, supported by the ascending trendline. If selling pressure persists, further downside targets include $2.224 and $2.073. The bearish outlook remains valid as long as XRP/USD trades below the descending trendline. October 10’s long lower wick also suggests a gap that may attract price to fill, reinforcing the bearish scenario.
COINBASE:XRPUSDShort
by FenzoFxBroker
Bearish Pressure Builds Below $208FenzoFx—Solana's uptick momentum has been capped by the descending trendline, even though the price flipped above the $185.00 mark. The daily chart shows long-wick bearish candles, indicating the selling pressure persists below the $208.00 resistance. From a technical perspective, the downtrend will likely resume if the price closes below the inverted fair value gap. In this scenario, SOLANA could decline toward the primary support at $172.00. Please note that the bearish outlook should be invalidated if the price exceeds the $208.00 mark.
COINBASE:SOLUSDShort
by FenzoFxBroker
Bearish Engulfing Signals Downside for LitecoinFenzoFx—Litecoin filled 25% of the bearish fair value gap from Friday’s selloff, tapping into the $106.00 liquidity zone. The last candle is a bearish engulfing, signaling potential downside as both buyside and sell side liquidities were swept. Resistance sits at $106.00. If this level holds, the downtrend may extend toward $85.50 and $78.60. The bearish outlook remains valid unless LTC/USD closes above $106.00 on the daily chart. A break above this level could trigger a move toward the upper line of the bearish channel.
COINBASE:LTCUSDShort
by FenzoFxBroker
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