Hello dear traders! Overall, ETHUSDT is gradually forming a promising potential uptrend triangle, it is currently stable in a narrow range around the 3200 USD - 29000 USD zone. Theoretically the price will break resistance and take further distribution supported by many technical factors. Clearly the market maker is gathering liquidity at the expense of the...
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
SOLUSDT trading strategy: From a classical analysis perspective: A double top pattern is gradually forming, signaling a potential reversal. In the scenario, I aim to correct the pullback and get the 1.618 Fibonacci or higher at 0.5 as a strong reversal thrust and retest of the 34.89 EMA levels. In case the bears maintain this stance and close the candle below...
Hello dear traders! Let's discuss and strategize today. Overall, yesterday the price of BTCUSDT experienced significant volatility with a bearish impulse surpassing the $62,000 level, along with that on H1 Descending price channel started to appear (this generally reinforces the strong bear market go up). BTCUSDT is currently reaching $60,863 and up 0.1% on the...
Dear traders! BTCUSD experienced significant volatility yesterday with a breakout from the $62,000 level it is now approaching the $61,000 level which should generally provide momentum to lower levels. However, the slowdown around the $60,700 area increases the possibility of a return to growth within the corrective trend. Talking about the current trend, it is...
Hello dear traders! That's the end of another trading week! Let's discuss and strategize today. Now, the sudden rise in the Greenback has allowed selling pressure in the risk complex to resurface, dragging EUR/USD to daily lows near 1.0760. From the technical analysis chart: EMA 34.89 continues to support the technical uptrend of this pair. However, in the short...
Hello all dear traders! BINANCE:BTCUSDT Overall, on H1 we have seen that the trend has shaken and the pressure is leaning towards the buying side. It is currently trading at a new high of $63,250, after hitting $63,435 and up 0.28% on the day Accordingly, when observing from the chart that the resistance level of 62,000 USD has been broken by the bulls, it is...
Dear traders! SOLUSDT today continued its steady rise above 154.12 and is up 0.93% on the day. Personally, I still maintain faith in a huge upside as long as the indicated uptrend channel holds. It is expected that after a correction to the 0.618 Fibonacci level (coinciding with EMA 34.89) SOLUSDT will rebound with an expected increase to 165.68 if this level is...
Hello everyone! As predicted yesterday, BTCUSD has lost 62k support and the pressure is on the selling side. It is currently trading around $61,167 and has lost 0.03% on the day. On the 1-hour chart, there are 2 interesting resistance levels that were clearly broken by the bears at $63.00 - $62,000, generally indicating that the selling pressure of the bears is...
Hello traders! An uptrend line is forming supported by a break of 1.0730. It is currently trading at a new high of 1,077 and is down 0.05% on the day. It can be seen on almost every timeframe that EUR/USD is showing significant gains, indicating a positive outlook. With EU continuing to trade at these high levels it is likely that the 1.0750 price level...
Hello all dear traders! So after a long period of price decline, BTCUSD rebounded with a spectacular breakout from the price wedge, which was not only a move from the bulls but also pushed the price up sharply from this point on. It is currently consolidating above highs of $63,083 marking a 0.1% gain on the day. However, looking from a technical perspective on...
Hi everybody, Overall BTCUSDT continues to maintain its upward trajectory with strong support from EMA 34.89. In the near future, the target could be $90,000 as it approaches the ascending trendline formed by the two previous peaks, as indicated on the chart. Fundamentally and technically, everything is positive so we can expect a bullish scenario. It is...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
Hello dear traders! Overall, gold experienced significant volatility yesterday with price gains surpassing $2,328 in a wedge pattern continuing the technical uptrend. It is currently trading at a new high of $2,353, marking a 0.2% gain on the day. So what are the reasons and factors driving gold? Speaking of impact factors, we must mention: Gold prices...
Hello dear traders! In general, this pair has broken out of the wedge, signaling that an uptrend is gradually being realized. It is currently trading at 1,253 and is up 0.08% on the day. But! At the same time, the head and shoulders pattern is gradually forming. Theoretically, prices should strengthen further in the near future supported by the fact that after...
Hello all dear traders! Let's discuss today's trends On the demand timeframe, we see the trend has changed as the market enters medium-term sell-off correction waves, with resistance holding the price in the context of a weak recovery to date. Personally, I appreciate that Bitcoins weakness has not stopped the decline that will continue in the near future. The...
Hello traders! Overall, ETHUSDT continues to trade within a parallel bearish channel on the D1 chart, which typically determines our medium-term outlook. It is currently trading steady at $3029 and down 0.21% on the day. From a technical perspective: The H4 setup shows strong resistance of the down trend. Therefore, it is likely that the price will continue its...