BINANCE:BTCUSD , CRYPTO:ETHUSD , AND CRYPTO:SOLUSD TECHNICAL ANALYSIS
The outlook for Bitcoin and Ethereum is positive, but volatility is expected in the coming months. BTC/USD reached a high in mid-March before retracing back to its previous all-time high. Bitcoin appears poised to rise in the coming weeks, with the current spot price above all three moving...
US DOLLAR FORECAST – OANDA:USDJPY
- U.S. dollar loses ground on Monday ahead of high-impact events later in the week
- Core PCE data and Powell’s speech on Friday will be the center of attention
- This article examines the technical outlook for USD/JPY
The dollar fell slightly on Monday, but losses were limited by higher U.S. Treasury yields. Traders took...
OANDA:USDJPY FORECAST - TECHNICAL ANALYSIS
USD/JPY traded within a confined range on Thursday, lingering just below overhead resistance at 152.00. This technical barrier warrants close attention, as a breakout might prompt intervention from the Japanese government to support the yen. Should such a scenario unfold, a rapid reversal below 150.90 could occur ahead...
BACKGROUND
Chumbi Valley is a charming role-playing game (RPG) that incorporates play-to-earn mechanics, set in a blockchain-based ecosystem. This enchanting game draws inspiration from iconic titles such as Pokemon and Studio Ghibli works, bringing players into a world of NFT creatures known as Chumbi. These creatures are central to the gameplay, as players can...
Bitcoin, the world's most popular cryptocurrency, is facing a wave of uncertainty. While some investors eagerly await the upcoming halving event, anticipating a price surge, analysts warn of a potential downdrift.
The Halving Shadow
The Bitcoin halving, scheduled to occur in 10 days, is a pre-programmed event that cuts the rewards for mining new Bitcoins in...
**Monthly Chart**
Last month's candle closed bullish and created a new high at 39910.47 (slightly shy from 40000.00 round number - a new historical high). This month opened from the high of the previous high and paused at 40023.09 only to reject it and move lower. This suggests that the long-term trend might be over and we should start looking for the start of a...
Gold price is retreating slightly below $2,350 in Wednesday's Asian trades, having hit a new record high of $2,365 on Tuesday. Gold traders seem to take profits off the table after the relentless rise and ahead of the all-important US CPI inflation data release.
The golden pocket is in play if the support is broken. However given the absolute pumpage I am leaning torwards the top red line, breaking right out of the resistance.
Ethereum broke through the swing high. Expecting a follow through in the price. Will be looking to take longs/buy at the marked bullish zones. A break below the swing low would invalidate the trade.
It is hard to cast a bearish sentiment and never popular in a bull market. While bulls are an excellent thing and easily bring the increase over long spreads of time, bears IF encountered take one swipe causing massive injury just before they stomp and ragdoll its victims in such a way most don't survive.
Bear cycles are very fast and hard in comparision to...
China's central bank, the People's Bank of China (PBOC), is on a gold-buying binge. For the 17th consecutive month, the PBOC has added to its gold reserves, further propelling the precious metal to record highs.
This relentless buying coincides with a surge in gold prices over the past two months. The rally is fueled by speculation that the US Federal Reserve...
Tussle between bears and bulls resulted a narrow close after big sell off in first hour today.
SPX pull back in last hour shows strong resilience from bulls before big CPI day.
Dragonfly Doji candle formed on daily time frame which is positive sign for bulls.
– Hourly Trend is still down
– Swing high and lows are around 5260 and 5160 respectively.
Tomorrow we...
Hello everyone, today I will review the above two codes in the S&P500 ( XYL).
+ XLY weekly trend is decreasing, I will draw a trendline to analyze the falling price area
- we will use the Parallel channel tool, to determine the basic trend of this code.
- Next we will draw 05 red trenline lines to determine buying and selling trends.
- Draw 02 purple lines for...
"Currently observing BITGET:BTCUSDT as it continues its correction phase, finding a pause at the crucial 67,000 level. This appears to be a healthy pullback for the asset. Notably, there's an emerging possibility of forming the 'handle' part of a 'Cup and Handle' pattern on the daily chart, suggesting potential bullish momentum ahead. I'm keeping a close watch...
**Monthly Chart**
Last month's candle closed bullish indicating a continuous uptrend move at least to the monthly MC of Oct 2023. This month candle opened near the high of the previous candle and resumed higher.
**Weekly Chart**
Last week's candle closed bullish, suggesting a continuation of the bullish move at least toward testing the previous MC candle...
