Introduction : Bitcoin experienced a sudden 9% drop from $27,712 to $25,166 in just 9 minutes following the news of China Evergrande's filing for US bankruptcy. The bankruptcy news came out around 11 pm UK time, and it seems to have had a cascading effect on liquidations, leading to this significant price movement. Two possible scenarios can be derived from...
Gold breaks through support and makes a momentum move and updates the global low to 1889. It is likely that the market may continue to fall TA on the high timeframe: 1) The nearest point from which we can expect to buy is 1902.87, a false breakout can be formed but it will take a lot of time TA on the low timeframe: 1) Price breaks the support of the wedge,...
OANDA:XAUUSD amid numerous resistance retests is not yet able to break it. Fundamental data is still on the side of the dollar. The gold price continues to fall and update the lows The price bounces off the channel resistance and falls, testing 1890. A false breakout is formed against the mentioned support and the price starts a local rebound. Most likely,...
BINANCE:ETHUSDT is testing a strong support area in the correction phase amid a bullish global trend. Bitcoin is falling and dragging the whole market with it The price of Efirium is testing the support of the ascending triangle - this set-up is now global. At the same time, the price is testing the MA-200 (daily), which supports the trend. In our case, if...
🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : SMALL/ MID Scale 🔰 Direction : LONG/ BUY 📈 Hey there, fellow traders! Let's delve into some pure technical analysis regarding the DXY: 📊 DXY has executed an intriguing move by breaking through the 4-hour supply zone, which has now transformed into a 4-hour demand zone. This shift indicates some interesting...
I invite you to review the MATIC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here the first very strong support is at the price of $0.59, but when the price drops...
Hello everyone, I invite you to review the chart of ETH in pair to USDT, also on an hourly interval. First of all, using the blue lines, we can mark the downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see the price stays just...
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First, we will use the blue lines to mark the local downtrend channel. When we turn on the EMA Cross 50 and 200, we see that the yellow line of the ema cross 50 has crossed the blue lines of the ema cross 200 from above, which...
Gold breaks the resistance of the key figure and prepares for further growth. What is likely to happen? Will there be a rise or a fall? TA on the high timeframe: 1) A false breakout is forming on D1. Quite a complicated setup that stretched for two days 2) After the false breakdown the price may be interested in the area of 1912-1920. TA on the low timeframe: 1)...
OANDA:XAUUSD makes a false breakout amid the news. The price is testing the 1900 liquidity area. The chart set-up and pin-bar form a bullish potential On the chart we also see the strengthening of the price. Gold makes an attempt to break the bearish resistance and for a few hours the price forms a consolidation above the previously broken line. On the chart...
FX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows. The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990. A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at...
We have a potential Partial Rise at a 61.8% Retrace within an Ascending Broadening Wedge Pattern on the EURUSD with a Bearish PPO Confirmation Arrow. If we hit the Demand Line from here, it is very likely it will break down and hit the Measured Move Target down at 7.22
Weekly Chart BINANCE:SNXUSDT has tested and failed Head Shoulders Pattern so it's still in Triangle Pattern We zoom out to daily chart Now, it's trading at 2.31x and can be down more I found a fair value gap (FVG) around 2.15 and this level is also a confluence zone by 0.618 Fib Re and 1.618 Fib Re That's why I think SNX will bounce back with nearly 20%...
Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has returned below the local downtrend line. After unfolding the Fib Retracement grid, we see that the price stays in the support zone from $ 29,257 to $ 28,994, however, if I fall lower, the next support is at $ 28,658. Looking the other way, we will first...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside,...
We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and...
Bitcoin is bullish, and I expect its price to reach levels above $30,500 in the short term! That's because we have this secret parallel channel that no one talks about. It's important to take profit on your intraday trades at the top of the parallel channel! I believe Bitcoin can rise much more, to 32k, until the end of the month. But of course, volatility on...
OANDA:XAUUSD continues to update the lows. The price bounces from the local liquidity area of 1903 and forms a correction, making another attempt to retest the trend resistance The upper boundary of the descending channel does not let the price yet, most likely targets below the most important. Reports released today are: 1) Core Retail Sales (no data, the...