Last weeks high: $71,199.84 Last weeks low: $67,611.61 Midpoint: $69,801.22 Chop, chop and some more chop for Bitcoin. A steady a climb for BTC last week from range lows made at the beginning of the week with a high just shy of $72K before freefalling to the 0.25 line which coincides with the '21 ATH level l, and a bounce back up to the midpoint which is...
Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT. Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days. I...
Hello everyone, unfortunately the breakout out of the flag was not able to break the intermediate high again. The price broke down to the last point of control. I see a high confluence of support in this area. According to the most likely elliot wave count a wave 5 of wave 3 is about to start. Let's see what will happen.
Morning lads, Figured I'd share my view on BTC for the following weeks. There's a chance that instead of a channel, its a descending triangle on the daily, bringing prices to 50k. But Im gonna keep that in mind and hope we move up! This trade would help alts tremendously as well.. Trade thirsty, my friends..
Hello Traders, In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700. Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC...
Hello Traders, In today's session, we are closely monitoring NZD/USD for a potential buying opportunity around the 0.61000 zone. Currently, NZD/USD is in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 0.61000. Please be aware that tomorrow's trading will be influenced by significant events: the release of the CPI...
NEAR is a project that covers all the bases. A Web3 Layer 1 with the capability for unlimited transactions per second (TPS) that's transparent and accessible to everyone. NEAR protocol has begun venturing into the AI space pushed by Co-Founder Illia Polosukhin who is an AI researcher himself, with an AI marketplace as he believes AI is one of the core verticals...
My dear followers, This is my opinion on the BTCUSD next move: The asset is approaching an important pivot point 69455 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal -70135 About Used Indicators: For more efficient signals,...
Microsoft, technology services giant, is making a perfect long entry possibility on its weekly chart. What to have on mind when watching the stock: 1. On Daily time frame, we had a perfect 50EMA retest. Stock managed to retake it and to even break above the smaller moving averages, the 10 and 21EMA. 2. This time frame is giving us a broad stop loss opportunity,...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.175. The above observations make me that the market will inevitably achieve 106.475 level. P.S Overbought describes a period of time where there has been...
Take a look at our analysis for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.076. Considering the today's price action, probabilities will be high to see a movement to 1.079. P.S The term oversold refers to a condition where an asset has traded...
Please, check our technical outlook for GBPUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.270. The above observations make me that the market will inevitably achieve 1.273 level. P.S The term oversold refers to a condition where an asset has...
Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.845 level soon. P.S We determine oversold/overbought...
Here is our detailed technical review for SPX500USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5,339.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,407.5 level. P.S Overbought...
Hello,Friends! Previous week’s red candle means that for us the NZD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.616. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! The BB lower band is nearby so AUD-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.663. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are going long on the GOLD with the target of 2363.420 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for NZDUSD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.610. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.612 level. P.S We determine...