Dear colleagues, I anticipate that the price will enter a correction and reach the area between the 38.2%-50% Fibonacci levels at 0.65351. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XRP is currently retesting a major trendline from 2022, and this retest is exactly where you want to buy this coin! This trendline is also part of an ascending parallel channel on the daily chart, which strengthens the support. What's more, we have had a strong 0.618 FIB retracement on the LOG scale. We hit this level almost to the dollar, so if you bought at...
OANDA:XAUUSD continues to form a descending price channel. On Thursday a candlestick pattern is formed indicating the imbalance of forces in favor of sellers. This week is published quite a lot of interesting news. It is worth paying attention to: 15.08 1) Core Retail Sales (no data, the previous ones were bearish) 2) Retail Sales (expected to...
Hello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price has broken below the local uptrend line. After unfolding the trend based fib extension grid, we see that the price stays in the support zone from $ 1847 to $ 1845, then we can see a drop to the support at $ 1841.46. Now let's move on to resistance and we see...
BINANCE:APEUSDT is trying to develop a bullish scenario. The prolonged bearish trend may end, but buyers will have to take and hold a few positions to do so While bitcoin is testing a strong support area and is in the correction phase, APE is breaking the descending wedge resistance and forming a local wedge. In this case, we are interested in resistance at...
OANDA:XAUUSD is testing the indicated target support at 1912.7. A false breakout is formed and the market reacts with a rebound to the false breakout of the liquidity area The price is testing the resistance of the next bearish channel. There is a possible reaction in the form of a fall from the resistance and at the same time, the price may test the...
BINANCE:SUSHIUSDT is forming a bearish wedge and after retesting the global bottom, the price starts to strengthen, breaking the resistance of the pattern A symmetrical triangle has been forming for the last few weeks, within which the potential is accumulating. Within the forming figure, the price is breaking the resistance of the global wedge, but is still...
BINANCE:RUNEUSDT is forming a prolonged downtrend. A global setup capable of changing the trend is being formed. After testing the bottom, the price starts to realize the bullish potential The rebound from 0.777 (market bottom) forms a bullish reaction on the background of bitcoin growth. An active strengthening and breakout of the global trend resistance is...
Hello everyone, I invite you to review the XRP chart on an hourly interval. As we can see, the price went down and entered the local downtrend channel. What's more, we see that there was an attempt to return to the uptrend, above the Cross 200 EMA, but it failed. Let's start by marking the support spots for the price and we see that first we have a support zone...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the upper anchored VWAP lines toward the mean running VWAP where I expect a bounce. At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this impending reversal with bullish divergence in the line cross under a histogram which went red to...
Dear colleagues, I anticipate a minor correction towards the 38.2% - 50% Fibonacci retracement level at 0.86182. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of four hours. First, we will use the blue lines to mark the local downtrend channel from which the price exited at the bottom and entered the downtrend channel. Now we can move on to marking the places of support in the event of a correction. And...
U had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16...
A bearish divergence can be seen on both the SPX and Nasdaq (with similar divergences also seen on most of the FAANGT stocks), coupled with the fact the indices are now in the overbought territory, a pullback in the near future could be likely. We saw both NFLX and TSLA sold off after hours despite strong earnings announcements. The market has been running into...
FX:USDCHF pinches the local bottom at 0.85797 and makes a false breakdown, which realizes the countertrend potential at the moment of dollar strengthening. The price strengthens to 0.87779 and forms a setup that can continue the price growth The bearish trend is still valid on the chart. The price is trading under the descending resistance. Pay attention to...
OANDA:XAUUSD is testing a key liquidity area after breaking triangle support. The price updates the global lows and confirms the presence of an ongoing bearish trend The price fails to reach the support at 1912.7 and forms a rebound. Most likely the target of 1912.7 is still valid, but before the support is retested the market needs more liquidity and for this...
FX:NZDUSD is declining in the format of a bearish wedge. Within the pattern, the price may test the key support, but what to expect from the price further? The support level of 0.59939 is the lower boundary of the global flat. There are no signals to break the support now, a retest of the level is formed after 2 months, the liquidity area will not allow to...
Hello everyone, let's look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving below the local downtrend line. In order to mark the supports, we will use the trend based fib extension tool and we can see that we first have a support zone from $242.15 to $241.83, then support at $241.38, and then at $240.81. Now let's move on to...