The international market had its second consecutive decline after the US announced more information on employment, unemployment rate and PMI index. The world gold spot price is around the threshold above 2,301 USD/ounce, down more than 4 USD/ounce compared to the previous trading session in this market. During the session, the world gold price increased sharply...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Gold prices reversed after yesterday's plunge immediately after the US Federal Reserve (Fed) decided to keep the standard interest rate unchanged at 5.25% to 5.5%. Both Fed Chairman Jerome Powell and state Fed officials in the US have expressed reluctance to start cutting interest rates until they are more confident that inflation is on track toward goal 2....
BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken...
Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
AUDJPY - DT: SLO2 @ 156.20 ⏳ SLO1 @ 147.72 ⏳ TP1 @ 131.562 TP2a @ 117.00 (Secret TP) TP2 @ 107.982 TP4 @ 92.532 TP4a @ 90.50 (Secret TP2) BLO1 @ 88.82 ⏳ BLO2 @ 79.807 ⏳ 🔑 BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT Long-term time frames (1 week to 1 year): — Shows the big picture, revealing major trends and...
Elon Musk, the CEO of Tesla, has reportedly added Dogecoin ( CRYPTOCAP:DOGE ) as a payment method for some Tesla products, leading to a 20% increase in the CRYPTOCAP:DOGE price. The move follows a month-long hindrance by Musk about accepting Dogecoin as an official form of payment for Tesla vehicles. Traders immediately responded to the news, with the DOGE price...
DOGE / USDT Price reaction is interesting here as Bulls showed strength above KEY S/R As long as we held above this key level the bullish structure for DOGE is still intact
Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to...
Now that the price reached the PnF objective zone and is touching the supply line of the down-trend channel, is possible to open a short position and wait the price to re test the las low area.
ICPUSDT.P is trading in symmetrical triangle pattern and recently forming Bullish Divergence on 4hr time frame. but still we will wait for the breakout of the previous LHs and pattern for the confirmation of the bullish Trend and take a long ride.
BINANCE:XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70% The price on W1 is squeezed within the triangle. Another attempt to retest the resistance zone is being formed. At the moment, the market is...
The BTC/USDT (Bitcoin) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 5900 after confirmation of the breakout. This offers an entry point close to the perceived shift in...
Simple: Each cycle must have the RED MA cross over the GREEN MA and just then will the trend begin to fall. Cycles 1 and 2 have been tagged by PI CYCLES. I used trend lines to help with guidance to ALL-TIME HIGHS. MA's agree with PI CYCLES. Cycles 1 and 2 both have the RED MA crossing over the green. As RED MA crosses over the GREEN MA, the candlesticks begin...
Bitcoin is exhibiting a divergence between the RSI and its price and it means another fall. From my point of view, it appears likely that Bitcoin will first target liquidity above the resistance zone before potentially experiencing a decline.
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the...