On BTC, you can see the formation of the ABC formation, which would indicate a continuation of the correction to deeper levels. We can see green candles appearing on the volume, but they are weaker than the red downward ones. The RSI shows a continuation of the downward movement with room for a greater price recovery.
Crude Oil NYMEX:CL1! ! Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending...
Gold has been in a major uptrend creating higher highs. Once those higher highs were made price started consolidating and rejecting off of those highs down to the .236 level on the fib. We also have consolidation on each level of the fib on a micro time frame. Looking for price to retest a major level of structure and retrace to lower level of structure.
On ETH, similarly to Bitcoin, a deeper descent is also appropriate, the lower green zone is a potential rebound and the end of the correction. There is also a 30% descent from the local peak. Currently, ETH has dropped by over 20%. However, the third zone would give a decrease of approximately 40%. There is still room for another decline on the RSI, while on the...
Berkshire Hathaway broke out to new highs in January. Now after a pullback, it may be continuing higher. Consider the price zone around $400 on today’s daily chart. It has a potential double significance. First, it represents a 50 percent retracement of the move between January 23 and the high of February 26. Second, it’s near a high on February 13 that was...
NEARUSDT Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
EURAUD Short at LH (also 0.5 FIB , trendline resistance , EMA 100 intact ) We can attempt to short from specified level. SL , TP mention in chart.
STCL Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chart
CADCHF Buy at HL (also 0.5 FIB , trendline support intact ) SL , TP mention in chart
GBPCHF Buy at HL (also 0.5 FIB , trendline support intact ) SL , TP mention in chart
First target hit as you can see: now we are looking for range here and soon after orange zone break more dump is expected but if the orange zone support reamin valid then we can expect rise and more pump for bitcoin and then next ATH would be 82000$ at least. DISCLAIMER: ((trade based on your own decision)) <
The RUNEUSDT price does not behave like most altcoins or even BTC. So, we can assume that MM is leading it "where it needs to go." The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market. We don't know whether the same situation will happen again now, but we will be...
🔎 Fundamental analysis (📈 Bullish) The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions. 👨🏻💻 Technical analysis (📈 Bullish) On a daily timeframe,...
You all know that BINANCE:ARBUSDT will experience massive token unlock in the next 4 days, this is March 16th 2024 precisely. It is going to be an opportunity to get in ARB coin, I am tipping ARB for a massive run after the sell-off is completed. We are going to buy with this strategy as marked out on the chart. Then we will ride this to the top. Note: I am...
FX:USDJPY Preference: We have reached a critical level on the Daily. If the bears begin to lose momentum, we should consider a few support levels. The 50, and the 61.8 on the Fib are micro-structural levels, and there is a good chance of a retest. Monitor price action at this level to see if the bull run will continue, or if the bears will take over....
🔍Today, being Thursday, presents a favorable opportunity for opening positions as we analyze THETA to anticipate its trend and future movement.On the 4-hour timeframe, after a prolonged uptrend, THETA has reached resistance at $3.574 and is currently undergoing a correction. Closer examination reveals price consolidation in the second leg of the decline, with a...
Looking to sell, EURNZD from 1.79230. Stop loss is 45 pips & TP 1 is 100 pips. TP2 at 200 pips. Here there is a key level, trendline in current bearish trend. It aligns with EURAUD remaining below the last high created, giving correlation for the bearish play on EN. Confluences: Key Level 61.8% Fibo Trendline Catch you later traders ▲