Gold rose rapidly in the short term, rising by more than 20 points and approaching 2200 points again. This rise was mainly driven by key economic factors such as the recent decline in US dollar and Treasury bond yields, which gave gold prices strong support and a sharp rise. The gold market has been going strong recently. After setting a new record high of 2220...
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Exiting the bearish channel has fueled an impressive price increase for this coin. At the time of writing, the price is trading below the 0.6400 resistance level which is very bullish as it consolidates at high levels with steady trading activity on the 1-hour chart.
On the 1H chart, XRPUSDT while still...
Hello friends, XRPUSDT continues to trade in an upward trend.
In general, in today's trading session, the market was relatively quiet. At the same time, a rising triangle pattern in a narrow range is forming. Theoretically, the price should break the resistance, which would create a false break at 0.6360.
On H1 structural resistance at 0.6360 is holding a break...
Hello dear traders.
Currently, BTCUSDT continues to trade in an upward trend.
On the 4-hour chart, it can be seen that an ascending triangle pattern is forming. In the short term, I expect the price to retest the $65,500 support level with a retracement. A break below this level will result in a significant price decline, while a sustainment will result in an...
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Overall, BTCUSDT continues to trade in an upward trend. Strong support at $63,800 has fueled impressive price increases in a stable bullish channel on the H4 timeframe. Currently, BTCUSDT is trading around the $70,375 mark, with the possibility of correction.
On the H4 chart, BTCUSDT volume is still...
Hello everyone, this is my perspective on XRPUSDT
XRPUSDT continues to trade in an upward trend, it experienced a significant price increase yesterday with an increase above the 0.6350 level. It is currently trading at a new high of 0.6451, after touching 0.6631, marking a 0.69% gain on the day.
The H1 setup, shows strong support around 0.6400-0.6350 (where the...
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Breaking out of the $3,500 resistance level pushed the product up impressively. It is currently trading at a new high of $3,631, marking a gain of 1.16% on the day. The uptrend is strong, as it consolidates at high levels with steady trading activity on the 4-hour timeframe
The outlook is positive, along with...
Real nice double bottom here locally on Nikola.
Really want to see a move above .84 cents here to break MS locally, and confirm the local bullish dragon.
First major level is going to be the supply around the .618 there and then the Weekly zone at 2.82
Above the (B) point, you would expect the "Bat Action Magnet Move", a term coined by Scott Carney, which...
WTI crude found support at $80.63 and jumped higher. Oil traders believe demand may pick up and supply risks increase due to geopolitical woes. The U.S. dollar index is trading above 104.00, but is slightly weaker. Looking at crude oil on the daily chart, after reaching a new high of 83.60, oil prices have fallen back and adjusted. The strength of its pullback...
A "higher high" is a term used in technical analysis to describe a peak in the price of a security or asset that surpasses the previous peak in a given time frame. It indicates positive momentum and bullish sentiment in the market, often associated with an uptrend. Traders and analysts use the identification of higher highs and higher lows to make decisions about...
US30 may weaken further in the coming days
The price completed a harmonic bearish pattern near 39900.
The initial price reaction was good and chances are increasing that the US30 could weaken further in the coming days.
The first and strongest support zone will be found near 39K which is also a strong structure zone and the second 38700.
You may find more...
NZDJPY CREATING HHs & HLs ON 1HR...
NZDJPY, adhering to the simple Dow Theory, is exhibiting higher highs and higher lows along its trend line. With no divergence detected, I expect it to maintain its bullish trajectory on the 1-hour timeframe. Moreover, the formation of a cup and handle pattern suggests a continuation of this trend, in line with Dow Theory...
