Below are the confluence factors spotted for a potential bearish swing movement. 1. VOLUME: Strong bearish breakout of the rising trendline on the 19th April 2024. 2. DOUBLE TOP: A retest of previously broken Double top neckline. 3. CANDLESTICK: The formation of bearish pin-bar on Thursday 25th, April 2024. 4. TRENDLINE: Sharp bearish rejection at the retest of...
In time D1, it is moving in a descending channel. According to the type of structure and behavior after the break of 1.618 fibo, the previous wave is currently continuing its upward path after the pullback. The type of corrective structure is not observed in that micro wave and it has good momentum (according to the behavior of the dollar index #DXY , this...
Bitcoin’s 200-period four-hour SMA has been a major support in the bull run of BTC since the lows of 2022. Only during the largest corrections has the price traded below this indicator. With the latest correction from the fifth wave, the support failed and it has since acted as a resistance. In the last day, the line has prevented further gains past 67,200...
FX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not...
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
You can see the reaction of the price to the resistance range
Today, I went long gold at 2310 and 2305 respectively and made a very good profit. Gold is currently trading around 2329. Judging from the recent trend of gold, gold has repeatedly touched the 2305 position area and quickly recovered, and this area happens to be the dividing line of the upward trend, indicating that although the bullish momentum has weakened...
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.
First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
We trading within a range since mid February. Since March 21st we had declined a whole range. This decline has been retraced since Monday by almost 78 %. This makes hope for another attempt to fall below the range now.
- Doji Star - Lower lows Lose of buying momentum candlesticks close below moving averages.
Hello, guys. This is ESS team. We hope our analysis will help you. Candle is supported at Fibonacci Retracement level 382 after breaking the Rising Wedge's bottom. However, the pressure of the sell-power could push it down to the 0.5-618 level. To take a long position, at least, If candle break through the GREEN downtrend line, That is the time.
Probable wave analysis on the #SOLUSDT chart The bottom of wave 4 has either already been formed or is yet to come. Therefore, we have marked three points where you need to be as careful as possible when deciding whether to buy CRYPTOCAP:SOL or whether it is too early. 1️⃣ $120 - if the price does not go lower, further growth will be quite rapid, as buyers...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels. A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure. We can expect a retracement towards the broken support at 1.07257.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.