Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello all dear traders! Just as I mentioned about the trend earlier, the support level at 61,800 USD could not turn BTCUSDT around and the downtrend continued. Currently BTCUSDT has stalled at $56,590 and technical signals show that the coin is likely to return. And if this happens, it will be difficult to last long as it approaches the resistance level of...
Nice to meet you again! On the BTCUSDT H12 chart, there doesn't seem to be much change from yesterday. The current price is mainly trading under the control of the bears at the $61,000 mark. In the scenario where BTCUSDT may continue its technical downtrend, it is expected that the nearest potential target could be the $51,000 area and even the $50,000 round...
Hello dear traders! Let's discuss and strategize for the new day with me! Overall, SOLUSDT which experienced significant volatility yesterday continued to decline significantly for a third day, trading around the price of $132.50, down 4.45% at the time of writing. The downtrend is very strong as it is stable on the 1D chart. Two key support levels at 170.00 and...
Hello everyone, it's nice to meet you again to discuss and strategize for the new day! Overall, the 155.00 support level failed to cause SOLUSDT to bounce back and the downtrend continued, clearly moving on the 2-hour chart. Before that, the structure of the bull market was broken, which could generally determine the medium-term potential. The 153.00 resistance...
Hi everybody! Breakout from the price increase channel has caused the product to drop in price impressively. It is currently trading at $143.63 and appears to be outpacing the bears entering the market as it not only successfully defended the breakout resistance but also sent the price plummeting 1.06% year to date. in. Overall, the bullish structure is under...
Greetings Traders, As we anticipate the NFP news, there's potential for a bullish draw in the market. GBPUSD continues to exhibit bullish institutional order flow, suggesting a move towards the H4 Buy Stops and the Weekly Bearish order block, serving as liquidity draws. Currently, I'm eyeing a buy side draw off the m15 order block, where I'll be seeking a...
📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!! Friday NFP Market Insights: Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements...
Hello all traders! The GBP/USD pair is trading stronger, reaching around 1.2550, amid weakness in the US dollar on Friday. Traders are cautious, refraining from opening large positions as attention turns to the April Nonfarm Payrolls report and US ISM services PMI data. Technically, the pair is developing a "cup and handle" pattern in an uptrend (shown on the...
Good day, great friends of Ralph Benjamin. Let's discuss and strategies today! Regarding impact news : Gold prices do not attract buyers in the context of high US bond interest rates and a modest increase in the USD. Positive risk sentiment also helped limit price gains in the safe-haven precious metal. However, traders may want to wait for the US NFP report...
Hello all dear traders! A potential peak at the $74,000 region has pushed BTCUSD into a downward correction following a technical bearish wave pattern. From the 1W chart, the support at $65,500 failed to turn BTCUSD around and the downtrend continued. Both short-term and medium-term prospects show that the bearish trend is gradually strengthening. If the...
15 Min TF Trend: Sideways after upside breakout and again triple bottom and double top breakout. Price is under consolidation which is very good sign for further movement Many rejection candles founds in last hour which is sign of further movement upside Price has strongly bounced from 200 EMA Multiple rejection from breakout FVG Bullish is trying to form. Good...
Hello wonderful friends of Ralph Benjamin! What do you think about this metal's next trend? In general, gold continues to maintain a relatively stable downward trend at low levels. The current decline poses near-term risks, which could be exacerbated if strong US economic data leads to further delays in the Fed's expected interest rate cuts. That said,...
BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Hello dear traders! The global trend is bullish, the local trend is bearish. The fundamentals are neutral (for now). Overall, the adjustment period is not over yet. In this scenario, there is a high possibility that the price will test the channel's support and form an uptrend. In the scenario mentioned above we want to mention the breaking of the descending...
Hi everybody. The H4 setup shows strong resistance from the market with bears holding the price amid corrections and sell-offs. It stalled after a decline around the $57,718 mark reaching the price channel limit, with the current trend an upside is possible but unlikely to last long as it approaches the resistance level. In such a scenario, the technical down...
Hello all dear traders! On the news impact : EUR/USD continued to rise on Thursday as the prevailing positive sentiment in the markets brought support to risk-sensitive currencies such as the Euro. This improved risk appetite can be attributed to dovish comments from Federal Reserve Chairman Jerome Powell on Wednesday. It is currently trading at 1.0717, but...
Dear friends! Overall, GBPUSD may continue its medium-term uptrend supported by the sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. On H4, the pair is in consolidation at high levels with strong support around the 1.2518 breakout level. The resistance zone at 1.2570 continues to hold the price, but amid accumulation and...