In my last analysis on USDCAD, I had mentioned how an overall weakness in the USD will simultaneously cause a bullish rally in gold as well as the reason.
Right now, we see XAUUSD breaking through structure high (also previous month high), with a momentum candle, which might mean the bulls are ready for the rally. We'd in our normal nature of being reactive wait...
In my last analysis on USDCAD, I had mentioned how an overall weakness in the USD will simultaneously cause a bullish rally in gold as well as the reason.
Right now, we see XAUUSD breaking through structure high (also previous month high), with a momentum candle, which might mean the bulls are ready for the rally. We'd in our normal nature of being reactive wait...
1INCH headed towards the first resistance at $ 2.53 unfortunately turned back with the price and is currently struggling to maintain support. If the support continues and we see a price consolidation, it could be a good sign for us to continue our fight.
ETH moves similarly to BTC. When BTC drops, ETH also drops, as can be seen from the charts that are very similar to each other. Currently, ETH is struggling to maintain the level, but when it breaks the current support, the price may go down to the level of $ 2,764.
Oil has breeched a huge institutional liquidity zone on it's speedy covid-19 recovery surge.
It's currently trading through and if it keeps up the pace at this rate, it'll be breaking right through within the week.
Should price give us a nice strong breakout of the level, we should be waiting for a relatively strong retest before we see the continuation to the...
ATOM is in an important place, it has made three attempts to break the previous peak. The current pullback and an accumulation around $ 38 may bring us new highs, we should closely watch BTC movements.
FTM has succumbed and broke previous support, BTC plays a very important role in the market and any hesitation in it affects the remaining alts. Now it is necessary to observe whether the FTM will maintain the new support line, thanks to which it would create a higher dimple, thanks to which we could observe accumulations and an attempt to go towards the resistance line.
Here's an H4 chart on the DXY. And as we know, this chart shows the strength of the Dollar haven factored in fundamentals (bearing in mind that the markets are efficient)
Technically, we see that structure support was broken and we had the formation of a descending triangle pattern. We're however experiencing temporary strength in the market as well as...
This is just a small update to my previous analysis here;
I am using many different Fundamental and Technical factors to form a solid analysis for the market future, so to cover them all here would take a big write-up. Because of this, I will just link you to my two most recent posts...
Luna reacted to the decline in BTC breaking the first line of support, now we have to be careful if the support at $ 73.5 will keep the price. If the support breaks down, we can expect a breakout from the uptrend downwards. You cannot panic too early, it is possible to create a higher dimple, thanks to which Luna will gain strength for further increases.
Hello Traders,
Today’s analysis is on COTI. This coin has been hot in the past and I’m looking for a nice little play on this falling wedge idea you see here. One thing I have noticed often that will happen in a falling wedge (which is one of my favorite bullish consolidation reversal patterns) is that, the initial breakout of the pattern (this one technically...
Fundamental Point of View
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This is the inverse relationship between yields and prices. In expansionary mode of Fed, bond yield drop and the price is rise, USD rise. In tightening mode of Fed, Bond Yield up and price down, USD down.
USD have positive correlation to Bond yields. And negative correlation to Gold. As both...
Hi there
seven days ago AXS released on Binance cex with 0.1 price and now its 0.35, yup some fellas tripled their money, people who listened to me very closely
yesterday AXS released the 13th season update...wait a sec! WTF I'm talkin about?
Axie infinity is Pokemon-inspired game and Its run on the Ethereum blockchain and the main token of the game is AXS which...
The CRO makes a top exit from the Relegation Channel, which allows him to attempt an attack for $ 0.49 along with 0.236 Fib Retracement. However, the $ 0.454 support line is still an important point.
Basically, the demand for oil will increase after the risk of the market going off due to the risks and the corona crisis. As it was revealed in yesterday's calendar from the report of oil reserves for the United States, its consumption has been increasing sharply.
There is an increase in demand for oil for global oil.
But there is also an important issue to...
First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.1 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 and 2 formed in the last few days.
We then enter according to this scenario in phase 3 of the sub-waves that will form the major...
