Hello everyone, let's take a look at the BTC to USDT chart on a four-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the fib retracement grid, you can see that the price is testing the resistance at $4,677, but there is still a very strong resistance at $49,070. Looking the other way, you can see support at...
Bitcoin's current rally to 48.000 USDT shows how resilient and optimistic the buyers are. However the most recent 'correction' we had to around 38.000 USDT did not even tough the 0.382 Fib line. Which in my book should be at least the minimum level to take a breather (and a reset for the RSI in the demand zone). Only after that I can see Bitcoin easily go higher....
Technical analysis Bitcoin proved in the last few days its bullishness and is ready to hit an all-time high in a few months! On the chart, you can see an ascending parallel channel that has already been retested, so there is no reason to go down. From the Elliott Wave perspective, we can see that the major wave (3) is in progress. The trend is starting to be...
Pure technical analysis. USDJPY has penetrated the upper channel of the trendline, but will not shoot straight up. Instead, the price will retrace to the strong traditional support in the 145,000 zone, as the price has had a lot of interaction in this area formerly. The 145.000 area coincides with the Fibonacci zone between 0.384 and 0.5, as well as the leg E...
Aggressive Trend Trade 1R - short impulse + volumed T1 + support level + volumed 2Sp- + weak test + first bullish bar closed similar level entry Calculated affordable stop loss Take profit under volumed level Daily context + long balance + 1/2 correction - expanding ICE + support level + volumed manipulation
1D Chart From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart: Impulse and Correction Waves...
OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may...
FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are...
BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement saitka, you can see that the price is struggling with the resistance at the level of $45,050, while there is still strong resistance at the level of $46,766. Looking the other...
BINANCE:EGLDUSDT is trying to finish the technical phase of correction and continue the global uptrend amid the realization of 2-year accumulation. Since the middle of last year, the coin was in hibernation, or rather in the consolidation phase. Formed a bottom, a narrow corridor allowed the formation of a strong support area. On the background of...
FOREXCOM:XAUUSD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term. The dollar is forming a correction after a false breakdown. Fundamentally, the index is strong and continues to be supported by US regulators. At 19:00 GMT Bowman FOMC speaks, it is worth paying attention to...
Hello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price has moved higher from the local downtrend line. After unfolding the trend based fib extension tool, you can see how the price is struggling with the resistance at $2,413 and may then rise to the resistance at $2,503. Looking the other way, you can see...
Hello everyone, I invite you to review the ATOM chart in the USDT pair, taking into account the four-hour interval. First, we will mark the upward trend channel with the blue lines, where we could see the price breaking down, and the decline itself was close to the height of the previously defined channel. Currently, using the yellow lines, it is worth defining a...
Hello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, we will use blue lines to mark a strong downward trend channel from which the price moved sideways, from which we can determine a local upward trend. Looking at the current price consolidation, it is worth deploying the Trend...
Observing the current market dynamics, it is evident that the price has recently breached a significant resistance area. Presently, it is in the process of completing a pullback to that same area. Notably, there is a robust order block situated within this region, emphasizing its strategic importance. Furthermore, the 0.5 Fibonacci retracement level coincides with...
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Bitcoin is forming a symmetrical pattern (triangle), and the range is tightening. We can expect massive volatility, probably very soon, but are we going to break down or break up? I am bearish, so in case of a bullish breakout, I am not buying it because it will probably be a fakeout. It is possible that the whales will push the price temporarily higher, but at...