Looked like the bull wanted to step in. But this level of resistance between 27 and 30 is no letting up. IMO the bears look a little stronger. Im waiting to see what this week will bring. Id like to see price bounce off this lower triangle. If price fails to do so then we could see another drop to 20k. We need a Mothers Day Rally
My insights on the current crypto market, highlighting potential double tops and BTC's struggle at a historic resistance level. Understand how to manoeuvre through uncertainty, set a stop loss, and be prepared for other possible outcomes like falling wedges and continuation patterns. Don't miss this essential guidance for trend followers during this bull run!...
I’ll get right to the point. NO Now granted, as the reader, you’re immediately drawing your own conclusions about that opening statement. You're probably thinking... The author of this post is obviously bearish and therefore has an agenda. Ok, that’s fair. Then indulge me as I explain, in detail , why I believe todays market participants and financial news...
As a stock trader, it's important to pay attention to major events that can impact the market, such as the Federal Open Market Committee (FOMC) meetings. These meetings can have a significant impact on stock prices, and understanding their historical trends can help you make informed trading decisions. In preparation for the upcoming FOMC meeting on May 3, 2023,...
Welcome to another Forex Daily Forecast! We will be preparing for the trading week ahead: - Analysis of the individual currency Futures, to identify the strong and the weak - Analysis of the FX pairs (EURUSD, EURCAD, ...) - Analysis of Gold, Silver, and OIl too! - Plot and plan for the best setups. I'm taking my time with this analysis with the viewer in...
Based on my analysis, it appears that there is a breakout of OP Optimism, which has seen it shoot up and retrace 0.786. This particular retracement level is known to be a significant area for altcoin retracements. I have observed that OP has managed to hold above turning resistance, thereby transforming it into support. While there may be some resistance at 2.9...
– Previous Daily candle closed Bullish at 2014.900 respecting recent Daily Support formed on Tuesday and closing below recent Resistance formed on Thursday 6th April 2023. – Buys on close above 2017.500 targeting 4h Resistance at 2022.500, Leaving Runners to the Daily Wick Fill at 2028.600. – Sells on close below 2011.400 targeting 1h Support at 2005.800, Leaving...
– Previous Daily candle closed weak Bullish at 166.120 within the Rejection wick formed on Tuesday 4th April 2023. – Buys on close above 166.350 targeting 1h Resistance at 166.600, Leaving Runners to the 4h Resistance formed on 20th December 2022 at 166.840. – Sells on close below 165.860 targeting 4h Support at 165.560, Leaving Runners to the 1h Support formed at...
MDX, despite having a small market value in the crypto world, is catching the attention of investors with its sharp price movements. My technical analysis indicates that MDX's trend break is close and its price is expected to experience a significant increase. My short-term target is to reach $0.40. However, MDX's small market value means that its price can...
As of right now I would say the triangle pattern certainly is the prevailing pattern thesis. A triangle pattern is one that neither gives bulls nor bears much hope or despair as it tugs at both camps because its range bound. For this trader, I would classify myself as bearish on the overall market, however that does not preclude me from getting long for profit. As...
Today, we have observed a significant breakout in the GBP/USD market. The currency pair has managed to move beyond the resistance level, as illustrated on the chart. The daily candle is about to close, solidifying this breakout. Our focus now shifts to the descending trendline visible on the 3-month chart. This trendline represents the next critical target, with...
OANDA:XAUUSD Hi , Trader's as you can see market is trading in ascending triangle Ascending triangle is a bullish pattern , Price after breakout can reach next resistance level at 1986 area from there it can fall to 1974 It can retest 1974 area which now become it's support line After completion of retest it will continue it's trend ❤️ Please, support...
What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes. Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased...
As the trading week comes to a close, market participants have witnessed a slow yet steady rise in SPX futures. I'm going to dive into the advantages of trading futures, analyze the recent price action in ES futures and the SPX index, and discuss the leading diagonal pattern that played out in the market. I will also provide insights into what to expect for the...
NIFTY50 LEvels Its Resistance of 17200 & it has a good SUPPORT on 17050 good oportunity to go for SHORT after breaking 17050 level 17050 is an important level mark it / keep an eye
As a student of SMC, there might be a reversal probably by next week. Divergence happening market structure formed major down trend let's see how the price will react next week. If you have any idea or suggestions, drop a comment down below.
Are you ready for some exciting news from the stock market? The S&P500 index is breaking out of a long-term resistance that has been forming since late 2021! That's right, the bulls are charging ahead and the bears are retreating as the market prepares to breach this significant and durable resistance. What makes this breakout even more exciting is that the...
BINANCE:ETHUSDT Hi, Trader's ..After dollar slip's and bullish news's eth shoot's up Now market is Reaching near to it strong resistance 50 % correction is over due , 1670 is major resistance after hitting resistance level , market can drop to 1550 area