The price missed the target by couple of point from the last forecast. Currently, OANDA:XAUUSD is pulling back from the resistance zone after testing the channel border. The market is correcting against the current bearish trend, but the price action remains within the consolidation zone. With high-impact news today, I believe it could potentially play out in...
Bitcoin (BTCUSD) on the 1W time-frame resembles a giant Cup and Handle (C&H) pattern started from the top of the previous Bull Cycle. Even though this is a valid technical pattern, it may have gone ignored by some as traders tend to focus either on shorter term price action or cyclical structures that are often repeated from Cycle to Cycle. It is undeniable...
Bitcoin is moving in a Heavy Support zone($65,730_$64,240) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in forming a Leading Diagonal . Also, we can see the Regular Divergence(RD+) between two Consecutive Valleys. I expect Bitcoin to rise to at least $67,000 after breaking the upper line of the Leading Diagonal. Note: An...
This is what I'm seeing on GME (technical analysis wise) - who knows what that actually means for this thing. Happy Trading :)
By analyzing the GTAI/USDT chart on the 4-hour timeframe, we observed that the price entered the expected demand zone right after our previous analysis and increased by 20% to reach 1.1910. Now, the price has re-entered the demand zone, and with support between $1.00 and $1.05, we can anticipate another rally for this cryptocurrency. The next targets are $1.088,...
End of day update from us here at KOG: Yesterday we said as long as that support level held we would be looking to long into the higher resistance levels and our Excalibur targets which worked out well for traders today. We mentioned in the KOG Report the importance of the 2320 level and how they were using it to propel the price in either direction during the...
☑Pair Name : EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ☑Bearish Break 1.07200...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago price started to trade inside the wedge, where it at once made an impulse up from the support line to the resistance line, after which turned around and fell to the support level. Then price some time traded near this level and then started to...
BINANCE:BTCUSDT As you see BTC completed the 5th waves, and now it's time to start corrections waves(abc), i expecting the price can falling to PRZ zone. that's it! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas,...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price started to decline inside falling channel, where it at once broke $69800 level, which coincided with resistance area. Then price some time traded near this level and later made correction movement to $66200 level, after which backed up. Later BTC...
Trading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin (1h) (futures) Traders can open their Sell Trades NOW ⬇️ Sell now or Sell on 66500.0 ⭕️SL @ 67611.0 🔵TP1 @ 64000.0 🔵TP2 @ 62400.0 🔵TP3 @ 60700.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger...
It wasn't long ago when we called for a buy on Apple's (AAPL) absolute technical bottom (April 25 and May 02, see charts below respectively): Needless to say that the 198.00 Target has been smashed. As the price reached the top (Higher Highs trend-line) of the 20-month (blue) Channel Up, the stock turned sideways and has been consolidating for the past 4...
I get stuck on my own way of thinking... In my own unique way of seeing things. Whenever I develop a market perspective, there is no way to get out of it... That's a problem, a true problem for somebody like me. What to do? Seems I am closed minded and cannot accept a different perspective other than my own, I tend to ask myself questions, to see if there is...
As discussed throughout my yesterday's session commentary: "My position: Gold is delivering many Stop-loss hunts to the upside as my Stop attempts delivered throughout Asian sessions are not interfering with my Selling model (my Stop's are currently a bit wider than usual due current market conditions) as my #2,335.80 re-Sell order survived with #2,352.80...
From where we placed the red arrow on the chart, it seems that the CAKE correction has started and wave A has ended and we have entered wave B. Wave B is a zigzag diamond pattern. We are looking for sell/short positions in the red range. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop...
In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309...
USCAD is moving in a descending channel, We expect the decline to continue after the dynamic resistance is retested. USDCAD is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I...
Disclaimer: Cryptocurrency trading involves substantial risk, and past performance is not indicative of future results. This analysis is based on historical data and technical patterns and should not be taken as financial advice.