Head and Shoulder pattern observed which can lead to 10-15% dump. Ascending Channel observed. Breakout of Resistance Line at 1.75 is SL. Reversal confirmation at lower line of channel is 1st TP. Resistance Line at 1.60 will act as 2nd TP if Reversal Confirmed. If Resistance line at 1.60 breaks down then 3rd TP at 1.5.
The TOTAL3's recent attempt to break through the descending resistance line, coupled with encountering resistance at the $670 billion to $700 billion range, underscores the current market dynamics. This area has proven to be a significant barrier for the past four weeks, indicating its importance in influencing market sentiment. A successful breakthrough above...
BOME/USD (BookOfMeme) successfully went down at the first call. Now there is a probability of breaking this resistance zone and retesting that sweet Golden Zone at around $0.018080. I want to see a clear breakout.
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
Gold was on a downtrend, but now, following the break of this downtrend line and considering the bearish trend of the dollar index and important news today, we could expect a bullish move towards 2400 - 2417. 📈
It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
4:00pm - ~4:50pm - a few experimental trades but overall a good day - after the 4th trade I cut my risk in hlaf and kept trading PnL: +2 RR
The stock has finally moving past the Price Rejection Zone with good volume support. The relative strength is positive and increasing. Money Flow is also turning positive. The Stock looks poised to move much higher.
... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to...
Could this be the price level for BTC next bull run? Based on what the market is showing, we could proberbly see the next bull run from current price level. The market is currently reacting to the 0.618 Fib level. Let's see how this will play out. Feel free to share your views
Ascending Channel observed. Breakdown of channel is SL. Reversal confirmation at upper line of channel is TP. Strong Resistance at 1.67 can also act as TP if Reversal Confirmed. If upper line breaks out then TP at 1.75. Double bottom pattern observed which can lead to 10-15% pump.
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I see price consolidating for the past few weeks and my strategy is simple: Buy the dip at the golden ration fib level (shown here). Gold is still very bullish however corrections/consolidations can take a while before the trend resumes.
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...
Falling Wedge Summary A falling wedge is a bullish chart pattern indicating a potential reversal from a downtrend to an uptrend. Characteristics: Shape**: Two downward-sloping, converging trend lines. Volume**: Decreases during pattern formation. Breakout**: Confirmed when price breaks above the upper trend line, ideally with increased volume. Types: Reversal...
My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8563 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8585 Safe Stop Loss - 0.8550 About Used Indicators: The...
Chainlink ( BIST:LINK ) social dominance reached a six-month peak on Friday, surpassing levels seen in the past six months, along with the token's price rally that began on Wednesday. Despite the price increase and rising talk about the token, on-chain data suggests that BIST:LINK holders have started taking profits, a sign of possible increasing selling...
Note: The Neckline has been broken and expecting Continuation next week EXTENDED RUN