Bitcoin crashed significantly, as I warned you in one of my previous analyses:
What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving.
(April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?)
The false break of...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly.
Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
Natural Gas prices have been dropping over the past four months due to progress on renewable energy and hot weather being among the drivers. However, market could become tighter this year, with slower supply growth and an acceleration in demand, while key US drillers have slashed their 2024 outlook. Further Middle East hostilities after the Iranian hit on Israel,...
OANDA:NZDUSD is declining amid a strong dollar rally. The negative background for the currency pair has persisted for quite a long time and there is no reason to change this tone at the moment.
On W1, we can clearly see the general trend on the part of strong bears, who continue to sell off the currency pair and the New Zealand dollar.
On H4 it is worth...
The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as...
Hello everyone, let's look at the 4H ETC to USDT chart, as we can see, the price is staying in an uptrend channel, from which the attempt to break out from the bottom has been temporarily stopped.
Let's start by setting goals for the near future that we can include:
T1 = $33
T2 = $40
AND
T3 = $50
Now let's move on to the stop-loss in case of further market...
In time D1 and W1, it is moving in an ascending channel. In continuation of the analysis of the previous post, where we examined the upward micro-waves of wave C, in this post, the long-term trend of the currency is placed in the 3rd big wave or C, in the long term. Pay attention to this wave, regardless of the fact that it will have small corrections in the low...
OANDA:GBPAUD has formed bullish divergence on RSI and broken the last Lower High indicating the potential for bullish move. Currently, It's retracing back to fib 50-75% level where we can look for long setup.
Pair: FX:EURUSD
Timeframe: H4 - Medium Term (MT)
Direction: Long
Technical Confluences for Trade:
- Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames
- Price action has some support trend-line holding it
- Horizontal trendline looks like a demand zone across the years
- Horizontal trendline (Red) is at the 1% Fib Extension Level
-...
Pair: XRPUSDT
Timeframe: H1
Direction: Long
Technical Confluences for Trade:
- Stochastic momentum is neutral
- Price action supported by 100MA
- Price bounced off 61.8% Fib levels
Fundamental Confluences for Trade:
- XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the...
Hello everyone, let's look at the 4H ETH to USDT chart, you can see how the price is moving in a downtrend channel, from which exiting at the bottom could result in a strong downward movement in the height of the channel itself.
Let's start by setting goals for the near future that we can include:
T1 = $3,327
T2 = $3,622
T3 = $4,104
AND
T4 = $4863 LONG TERM
Now...
With the MACD positive momentum waning, and the Stoch RSI crossing back under the Bullish control Zone i would look to the .236 fib retracement ( 4994) for the first target. The Bull Market Support Band will be closing in to the level in the future , may act as a magnet.
This idea is on a weekly time frame so it could take months to play out.
DOT includes a strong correction in the USDT pair, the current level reaches 43% and indicates a return to the first entry zone into a potential LONG, further a second zone has been defined for price averaging.
However, looking at the behavior of BTC, which may potentially make another attempt to reduce the price, one should exercise caution and common sense when...
Hello. Today we are looking at COTI cryptocurrencies. Recently we saw a strong upward move, which was caused by fundamental information. At this point, we can see a clear corrective structure with a clear entry zone. The entry condition is the breakout of the low of wave A and low RSI on the H4-D1 intervals. We should look for a candle formation in the zone. The...
FX:XAUUSD reaches our goal of 2400. The psychological level is tested, but 2400 does not mean expensive. The growth may continue as the potential and interest is still huge.
From 2400 a correction to the nearest area of liquidity can be formed. The market needs to rest and accumulate a bit before breaking through 2400 to continue further upside as...
FX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level.
Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the...
