FX:EURJPY is recovering mainly on the background of the growing euro, which is reacting to the falling dollar. The currency pair has local resistance ahead. On D1 we see a weak uptrend, but, the bullish reaction in the market followed after the retest of the false breakdown of the 50-day moving average and this is quite a positive sign as the market is trying...
FX:GBPUSD is coming out of the longitudinal consolidation by breaking the lower boundary. The accumulation has been forming for two months. Price breaks support, updates the low and forms a correction to the previously broken level. The dollar index is in a bullish phase, after updating the local high, a correction is forming and the forex market is reacting...
FX:EURUSD is forming a counter-trend correction towards the liquidity zone and resistance. The currency pair is forming a bearish trend and may continue falling from the resistance. Pic: Key resistance and support zones on the current downtrend The currency pair reaches the support at 1.07254 and forms a correction towards the liquidity zone, presumably it is...
Reversal might happen in the next few hours, there's still room to go up but 2033 would be a good entry for sell or the next resistance after it.
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price remains above the local upward trend line. After unfolding the trend based fib extension, you can see the support on which the price is fighting, but when the support is broken, it may result in a drop to the support at $47,409. Looking the other way,...
WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday...
The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure. The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important...
Something I was observing for, but didn't enter. One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached. Larry Pesavento suggests for targets the 38% and...
API3 is breaking out of the falling wedge pattern on the weekly chart, which is a great sign of strength. We can see that the corrective Elliott Wave pattern WXYXZ is complete, and we are starting a brand new uptrend to an all-time high. I believe 2024 will be very bullish for this coin, so it is better to buy now when the price is still cheap. We must also look...
UMA is going up, and we have record bullish volume on the volume indicator. The breakout is confirmed with a huge volume spike on the major weekly chart. It looks really good; be careful of short-term corrections, but this coin can 27x this year. As per my Elliott Wave analysis, the complex correction WXYXZ is complete, and we are starting a huge impulse wave!...
SC is starting a huge uptrend, and we can see that the most important resistance zone is broken. So I have to tell you and inform you about it. The next stop is the 0.618 FIB, and after that, the previous all-time high. The downtrend ended with a pretty nice trendline, and we made a symmetrical triangle at the bottom, which is a very bullish sign. Let me know what...
DOT is overall bullish, but I am still expecting a final correction. We have a total of 4 swing highs next to each other, which is a good opportunity for whales to take all stop losses from traders. Do not get caught in the trap and follow my plan. Buy DOT lower and expect a strong bull market this year! Let me know what you think about my analysis, and please hit...
GMT is really bullish because the downtrend ended with a descending parallel channel. Volume is starting to be really high, which is a good sign. WXYXZ corrective pattern is complete, also a good sign. Where to take profit? I recommend 3 profit targets at this moment. Choose wisely, my last profit target is the previous all time high, which is a strong resistance...
FET is in a strong uptrend, that is confirmed. Now the question is, how far can FET go in 2024? I would say a 15x profit is definitely possible. We can see that the price of FET is inside the ascending parallel channel on the weekly chart. Also, the previous impulse wave + corrective pattern are complete. This is huge guys, if you want a reliable investment, then...
In my opinion beam is the next 100x coin. The price is still very cheap so you can buy it on the spot market. I believe we are going to hit a new all time high in 2024. Why I think it is bullish? I remember back in 2020 when everyone was talking about BEAM and JIM. Now the time has come for massive profits. We can see that the downtrend is broken by bulls and we...
PERP is now very bullish because the price went outside of the consolidation structure made by whales. We can clearly see that the bullish base is broken by bulls, and we are definitely ready to go much higher. The first resistance is 3.61, and the second resistance is 26.2. Bullish volume is huge, so it is always nice to see. Coins are currently crashing while...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
FOREXCOM:XAUUSD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart. Idea: GOLD → When will the price come out of consolidation? On D1 the market is still neutral, there is no strong news that would affect the...