Gold forms a false breakdown of 1937.58 and forms the strongest impulse in the last few weeks (chart on the left). At the same time, local and global trends coincide and the price retests the support. The prerequisites are obvious TA on the high timeframe: 1) False breakout forms a downward impulse. Price falls to 1885, having previously broken support at 1909 2)...
OANDA:XAUUSD is declining amid the strengthening of the dollar index. The latter in its turn broke a strong resistance, and XAU continues to update the lows There is a possibility that the decline in gold may stop, but only if the trend resistance is broken. The price will go into a sideways flat condition, which will force the price to trade in the 1900 -...
earnings beat of 189% selloff. On the 4H chart the trend down has reversed and the ZL MACD is confirmatory. Price has bounced off the lower Bollinger bands as confirmed by the BB Oscillator. I will take a long trade here targeting the 0.5 fib level in a retracement of the trend down ( 39.95) with the stop loss at the pivot low of the Friday morning open. U...
ENPH is in the energy sector which has been strong in the past couple of weeks. On the 2H chart over the past two years visible, ENPH is just above its support. It is about 50% below its pivot highs of 9-12 months ago and in a parallel descending channel. I believe that ENPH is now set up for a 50% retracement of the Fibonacci type. Fundamentally, two or more...
ZW is shown as the December 2023 contracts on the 2H chart have reversed in the past two days and price has increased over 2% in that interval. The indicators show a flip in the volatility and a blue bar volume spike in the reversal. Price is presently about 15% below the double tops and pivot highs of June and July. Price is presently crossing over the mean...
OANDA:XAUUSD finally breaks the medium-term support line and updates the low to 1885. The trading week closes near the local support level, which indicates that the market is ready to continue the trend This week ended positively for the dollar, the metallo reacted as expected. There are several important news items to watch out for in the coming week: 1)...
BITSTAMP:BTCUSD is breaking the 26700 support and MA-200 forming a strong bearish momentum, but at the same time the price is not breaking the bullish channel. In terms of global outlook, the price is still in an uptrend Pay attention to the weekly chart on the left. Price is forming momentum and a strong distributive move towards the strong support at 25000....
The major uptrend from 15500 to 32000 is over, and the bears are stepping in! I expect 20330 to be hit in the next few weeks, so make sure you are prepared for it! We can clearly see that the major trendline / parallel channel is breaking down! The price is below the trendline, and what's more, if we take a look at altcoins such as ETH, it confirms this...
Hello everyone, let's look at the BTC to USDT chart on a 1-hour timeframe. As you can see, the price has moved downwards from the local triangle. Let's start with the support line and as you can see the first support in the near future is the zone from $25782 to $25618, then there is the second zone from $25462 to $25226, and then support at $24933. Now let's...
Hello everyone, I invite you to review the chart of MKR in pair to USDT, on the four-hour interval. As we can see, the price has left the bottom of the uptrend line. After unfolding the trend based fib extension grid, we can see that the price is currently holding a small support zone from $ 1117 to $ 1086, while we still have support at $ 959, however, when we...
Hello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price came out of the uptrend line along which we were moving. Let's start by marking the support spots for the price and we see that we first have support at $20.22 which kept the price down, but if the price goes lower then we have another support at $16.86, then...
I invite you to review the chart of ETH in pair to USDT, also on a one-day interval. First of all, using the yellow line, we can mark the uptrend line, from which the price went down. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, first we have the support zone from $ 1610 to $...
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will mark the main uptrend line with the yellow line, then we will mark the uptrend line with the blue line from which the price went down. Now we can move on to marking the places of support in the event of a correction. And...
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...