DAILY PICTURE :
57'500 which is the double top trigger level should still be seen as a KEY PIVOT LEVE L for further development.
In addition, slightly below this level we can see the Tenkan-Sen or Conversion line, currently 57'368.
As already mentioned, a daily closing below both levels mentioned would add further selling pressure and put the
Last daily closing level @ 56'353 which means below the double top trigger level @ 57'500; this should be seen as the first warning validation signal of this double top formation,
calling for a technical target @ 46'000.
Once again the clouds worked perfectly well as you can see on this daily chart in rejecting, yesterday, an upside breakout attempt @ 59'580...
Triangle progress on the daily chart.
BREAKOUT LEVELS : (Daily closing !)
IMPLICATIONS : ( + / - 400 POINTS)
UPSIDE : TARGET 5'132
DOWNSIDE : TARGET 4'200
Watch intraday to get intermediate clues and signal (s) confirmation of ongoing price action.
H4, currently in the clouds !
DAILY PICTURE :
Yesterday's closing below the Tenkan-Sen,(currently @ 64'560) and which should be seen as the first important level to look at very carefully.
Indeed, a failure, to close, later on today above this point would put the focus on the next significant support level, @ 62'700, already mentioned
in my previous analysis (see related idea below) and...
A lot of my followers asked me recently... why I was so bearish ?
I will try to "justify" my bearish view in looking today, at the daily and at the 4 hours time frames, which, for me, both of them are quite
representative of the recent and current price action which is likely to trigger further downside move towards the 60'000 at least if some important support...
This time the clouds did not hold ...
An Head and Shoulder formation is in progress and if this is confirmed, the technical target would be @ 51'436.
Therefore, price action over the coming hours will be, once again, very important to look at carefully.
Indeed, only a clear recovery above the clouds (around 63'000, already mentioned in my previous analysis !)...
Here is my first technical analysis on Solana vs USD. :-)
As you can see on this daily chart, there is a triangle formation which is in progress to upside breakout; this, of course should be confirmed on a daily closing basis !
Looking at shorter time frames, after the recent sharp upside move towards an intraday high so far @ 189.8250 reached earlier today, it...
Double bottom (@1.1270) gives a technical target @ 1.65 %; it has nearly been filled with a high so far @ 1.6150
Interesting to note that current level coincides with the former congestion top seen early this year between April and May.
Therefore, this 1.6000/1.6500 area may this time trigger the second top and should be watch at very carefully !
The Mid Bollinger Band (MBB) worked perfectly well so far in rejecting all downside breakout attempts !!!
Therefore, as long as this support level (currently @ 54'595) hold, it should be seen as a supportive signal,
calling for this ongoing upside move.
Watch also technical indicators (such as RSI) which has already triggered, so far, only a minor BEARISH...
Currently attempting to recover above the clouds in a consolidation mode.
Indeed, as long as Gold stays and hold on a daily closing basis above $ 1'720,00 it should
still be seen as a consolidation phase in a broad sideways triangle price action.
In order to neutralise the downside risk, Gold should break and hold sustainably above the $ 1'840.00...
Following the strong rally seen over the last couple of days (4 successive white candles) the BTCUSD
lost momentum and switch from an upside price action to a sideways price action in a narrow slightly up
orange channel (currently in a 53'500-56'500 trading range) and facing right now roughly the middle level of this ongoing sideways/up trend
In attempting to breakout the upside of the clouds the ETHUSD is currently traded at a tricky level;
indeed in addition to the potential clouds breakout, which should be validated, at least by a minimum
of one more daily closing above the clouds, the ETHUSD is also managing to breakout of a broad triangle
pattern which if confirmed would trigger a very sharp...
The breakout and the last D1 closing level above the 50'000 psychological level, accelerated the upside move towards
a high so far of 51'915.
Currently in a new uptrend channel with its first resistance around 52'000 (former yesterday's high) ahead of former of Sept 6ht @ 52'956.
On the downside the former resistance of 50'000 became now the new support to look at...
Today, we are going to look carefully at the recent and current price action on the Daily chart.
Indeed, after having, yesterday, nearly filled the technical target of the triangle pattern @ 49'421 with
an intraday high @ 49'225, the BTC lost the momentum to clearly confirm the clouds breakout as you can
see, for the time being, on the D1 chart !
In addition, as...
The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469).
In addition, the ETH is still below the ongoing downtrend line resistance and last but not least
BELOW THE CLOUDS on a daily basis.
Therefore, further development will depend on upcoming price action over the next trading hours and
will be confirmed by the daily closing level...
Good morning, today we are going to look at the 2 following time frames on which
there are very important PIVOTS LEVELS TO WATCH !
Currently in a broad falling wedge in progress with a potential upside breakout for now around
On the downside there is really a very important level to look at carefully on a weekly closing level, later...
Good morning, today, we are going to look at the daily picture.
Indeed, as already mentioned in my previous analysis, we can see a triangle pattern in progress
with breakout levels, respectively at, currently :
On the upside : 43'835 (intraday high)
On the downside : 40'931
A clear breakout, on a daily closing of one of those levels would trigger a...
Today we are going to look at three time frames :
Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt
Secondly, the hourly to see if there is & are potential reversal signal (s)
Thirdly, the daily picture to have a global overview of what is going on
Let's go to the 4 HOURS CHART :