OANDA:XAUUSD amid numerous resistance retests is not yet able to break it. Fundamental data is still on the side of the dollar. The gold price continues to fall and update the lows The price bounces off the channel resistance and falls, testing 1890. A false breakout is formed against the mentioned support and the price starts a local rebound. Most likely,...
BINANCE:ETHUSDT is testing a strong support area in the correction phase amid a bullish global trend. Bitcoin is falling and dragging the whole market with it The price of Efirium is testing the support of the ascending triangle - this set-up is now global. At the same time, the price is testing the MA-200 (daily), which supports the trend. In our case, if...
BINANCE:SOLUSDT forms the bottom at 9.39. After the formation of the global low, the price forms a prolonged consolidation near resistance and now the phase of realization of the accumulated potential begins. What to expect from the price in the medium term? Moving averages are showing a strong consolidation. A descending wedge is forming. On the chart I...
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The USDMXN has Bearishly Broken Below a Demand Line and backtested it as resiatnce as well as losing the support of the 89 Month EMA; we will now be attempting to crack the BAMM Trigger Line at the level of B and if we break that a Minimum 786-886 retrace would be very likely
Just an update to my time based series. Refer to my previous Ethereum time based ideas below if you haven't checked them out yet. Looking forward to watching how this plays out the rest of the year.
ONON exhited strong price action since it's gap up after it's last earnings call on 21 Mar23 (pullbacks not withstanding). Volume continued to be good for the past 4 weeks with relative strength (relative to SPX) continuing to improve. However one can consider to ride this stock managing with trailing stops (pivot lows, fib retracement levels, moving average...
As it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area, we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe. The predicted decline and reaction rise areas do...
If we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index . We've come to the resistance zone of an already rising channel , as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative...
Although we seem to be among the rising channels in many analyzes, I would like to bring an alternative perspective to the situation. Considering that we are in a falling channel structure divided into layers, we can see that BTC has been priced in a thin range that has served as a very critical region as both support and resistance areas in the recent past. The...
The S&P500 / ES is sitting right at a critical point which I believe will break this week or next The weekly chart shows that the S&P is now above most key moving averages, including the 200 moving average (displayed in black), the 20 moving average (displayed in white) and the 50 moving average (displayed in yellow). Also it has broken above the upper...
OANDA:XAUUSD Hi , Trader's we started buying Gold at 1810 , and until now we are in huge profit Market created order block in 1 HR TF , Market can reach upto 200 ema point 1830 Area market will complete it 50% correction , and as per technical analysis 1830 Area will be death cross for Gold So for Short term we will target 1830 area and afterwards will...
As it is known from the upper band of the channel we are in, the 200-week simple moving average and even a solid horizontal resistance area , we were rejected with the contribution of the deathcross realization and the negative discrepancy in the relative strength index and price correlation on the daily timeframe . The predicted decline and reaction rise areas...
OANDA:AUDUSD HI , TRADER'S .. MARKET IS IN DOWN CHANNEL OR DESCENDING CHANNEL It's a bearish reversal pattern , After completing retest of down channel trendline , market can make a double bottom Or any reversal candle like hammer or doji can be formed , buyer's can push market up from lower support . Ideal to buy once market breakout of channel...
If we look at the current situation, we are faced with an unexpected rise in the BTC table, considering both the USA inflation data, the global markets and the US Dollar Index. We've come to the resistance zone of an already rising channel, as if that wasn't enough, there is a weekly period death cross presence. In addition, there was a serious negative mismatch...
The S&P500 / ES is sitting right at a critical point which I believe will break this week or next The weekly chart shows that the S&P is now above most key moving averages, including the 200 moving average (displayed in black), the 20 moving average (displayed in white) and the 50 moving average (displayed in yellow). Also it has broken above the upper...
I'm not going to call if the bottom is in or "not so fast" but just want to point out that we may only be halfway through a significant long-term downturn. It's concerning to me that RSI has broken significantly below 50 for the first time since the market recovered from the lows in early 2009. It's also concerning that price looks like it wants to retest the...
Hi everyone and Happy Friday! The GBPAUD is trending towards the downside on the main higher time frames. The weekly chart is attempting to develop a bearish engulfing candlestick pattern and is aiming to break below the 20 and 50 moving averages. This bearish scenario is also visible on the daily chart. The 4-hour chart is providing further confirmation of a...