Following the recent news release, the market experienced a decline, breaking through the triangle pattern and moving towards new lows. FX:EURUSD is currently forming a complex pullback from the resistance zone, with the price approaching the strong support level. Notably, the level has been tested twice before, only to be met with strong resistance. If the...
Chart finished a bearish Elliot Wave and now can u-turn. Since it didn't complete full volume correction, it can go directly to 338% of E.W. fibonacci. Fibonacci is between 2 and 4 of E.W. The boxes are from an hour that was five times repited from a previous HH (or LL). Retest can finish without hitting the box. Sidenote: I have two boxes and don't know...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
Hello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to the ceiling of the channel and the specified key level. We expect the price to maintain its downward trend and the price will fall to around 1.36000. Good luck.
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:SOLUSDT has rolled back from the resistance zone, and the market is now retracing towards the support level that previously acted as resistance. As the markets enter a correction phase, I believe the price may be poised to rebound from the support area between 160-161 and the upward...
FX:XAUUSD continues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling. On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity...
IRFC is forming a cup pattern on its daily chart. Daily closing above 195 may lead the stock towards 250/260. Good Volume build-up is also visible.
End of day update from us here at KOG: Yesterday we were looking for price to fall below into the levels of 2330 and below that the extension level 2325-7 which we got and managed to bag a nice long trade up into the first target level 2345 which is where we told traders to protect their trades and take a majority. We wanted higher, however, there was something...
#Bitcoin: I've said it many times, don't get distracted by short-term price action. The price is likely to hit the $100k mark this bull run. Don't give up when opportunities arise! I'm still holding my longs on LSE:ONDO , NYSE:FET , CRYPTOCAP:DOGE , CRYPTOCAP:RNDR and $INJ. CRYPTOCAP:DYDX Stop loss hit, considering a re-entry. I will also accumulate long...
🌐Today seems to be the time to decide about the Ethereum ETF. (⚠️ The cryptocurrency market may get excited when the result is announced, so be careful with your positions⚠️ ). 🔔Let's take a look at what happened to Bitcoin when the Bitcoin ETF was adopted. When the Bitcoin ETF was approved , Bitcoin corrected about ➖20% and this correction lasted ...
EURJPY In a Bullish Trend - Ascending Channel EURJPY is still rising within a bullish channel from 15 May 2024 for about 9 days. The support the BOJ is giving the market to kill the JPY is pushing all XXXJPY pairs higher. It seems like a WIN-WIN game that you can take the profits and be satisfied with zero risk. The problem is that all JPY pairs will only...
Gold (XAUUSD) is seeing strong selling this week following Monday's High, which was also an All Time High (ATH). The rejection took place very close to the Higher Highs trend-line that started back in early 2023. So far this is just a technical pull-back to test the 1D MA50 (blue trend-line) for the first time since February 29, and not a stronger correction....
The above 12 day chart a 40% increase on the Gold / Silver ratio since early 2021 within a rising channel is shown. A number of reasons now exist to suggest a strong reversal in that trend with an equal 40% correction. They include: 1) Hidden bearish divergence. This occurs as oscillators print higher highs with lower lows in price action. (Black arrows). 2) A...
Chart speaks for its self...eth is headed to 12k and there is absolutely nothing your fav soylana infuenza or laser eye maxi can do to stop it. Cope and seethe beras...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to falling channel, where it at once reached $2400 level and then bounced down. After this, Gold fell to $2305 level, which coincided with support area, and at once bounced up to resistance line of channel. Soon price fell lower...
Following previous cycles is a tool many use to understand which direction a particular asset is going, amongst other indicators. note: Past performance does not predict future events However, Bitcoin has showed us every year during and after the halving, it has had significant effects on the psychology of the holders and traders, leading to particular market...
The price perfectly fulfilled my previous idea. It reached the target level. As we can see, the BINANCE:BTCUSDT has broken and closed above the flag pattern, a classic trend continuation pattern. The bullish candle that accompanied this break signals a strong display of buying power, indicating a dominant trend. At this point, I anticipate two possible...
The USDCAD experienced a sudden increase in value yesterday, with a strong bullish candle breaking through both a horizontal resistance and a significant downward trend line. I anticipate that the bullish momentum will continue, potentially driving the price even higher after a retest of the broken resistance levels. The next targets for the price could be...