If we haven't already topped, I think the upside is limited here. Price is currently at $71k and if we get a move higher, I think price would top out at $ 78k-$ 81k for this cycle. I see a few different scenarios from here that can play out. 1. Price tests $ 48-52k from here, we rally quickly from there but then roll over and see new lows below where we went in...
Contrary to what everyone believes is going to happen: "We're going to see a new ATH by the end of 2024 then we decline after" "There's no way they're going to let the market fall in an election year" I think we're about to start a historic correction to retest the lows from covid. Since October, price action has gone parabolic, and normally when parabolas...
Hello Everyone, The USD/JPY pair has recently found support above the 1-month pivot point (1M PP). Despite this, the long-term outlook remains bearish, even though it might not seem so at the moment. Before moving downwards, there is a high probability that the 1-week pivot point (1W PP) will be tested again. TradeWithTheTrend3344
Greetings! there is a resistance forming between 704 and the highest value registered this week. In case of consolidation, this levels could trigger a retracement to the lower levels depicted in red. There is an interesting range formed from 637 to 622 in which buy limit orders could be placed in case that the price gets a rejection here. This forecast gets...
Hello Everyone, EUR/USD is currently a long-term sell after being rejected by the 1-year Pivot Point (1Y PP). The next significant obstacle will be the 1-week Pivot Point (1W PP). Let the bearish trend begin! TradeWithTheTrend3344
Hello Everyone, XAG/USD has found support above the 1M PP, which is a very positive sign! Despite a recent sharp decline, the outlook for silver remains promising. In the long term, we anticipate further upside potential. TradeWithTheTrend3344
Hello Everyone, XAU/USD has found support at both the daily and monthly support levels. The key level to watch now is the 1-month pivot point (1M PP). If the price consistently holds above this pivot point, it indicates a likely continuation of the bullish trend. However, strong selling pressure is currently in play, with sellers aiming for a retest of the daily...
Further to our last forecast, price continued in the expected direction and reached our identified target. Price has now reached the daily resistance, so now we await confirmation of a retracement, or a continuation pattern in order to determine our next move.
Price just landed on the 3 level. A psychological and technical support. There is no setup yet but it has bounced up very hard from that level before and now is clear in an short term uptrend. I think is going to test the 4.8 level soon.
I still think we hit the same upside levels but think we take a different path to get there than I originally thought. I've been anticipating a big move down before we hit the top, and I still think it happens, but I think we go to different price levels and it happens in a different timeframe than I previously thought. Everyone thinks the trade is going to be...
Originally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the...
Dear traders! A mid-term channel is clear in the chart. A short-term channel is also there! Any breaking below the bottom of short-term channel is hunting liquidity as long as we are perfectly over the zone! Any breaks below the zone alter the bearish scenario! Remember that Final Manufacturing PMI release if USA could change the market direction.
Considering the HLs on the chart and the bullish mCH on the chart and the breaking of the trigger line, we can have a bullish view on BNB. If there is a pullback on the green range, we will look for buy/long positions. The target is clear on the chart Closing a daily candle above the invalidation level will violate the analysis For risk management, please...
The expectation is that the index will continue its bullish run. On the 1h timeframe, we note that price is currently being bounced around due to a bit of "uncertainty between buyers and sellers". The buyers appear to have the edge as even with the formation of messy internal structure, external structure maintains bullish momentum. Price is also trading above...
Logarithm. Time frame 3 days. The ascending channel in the lower part of the big triangle. Local work in it from the key support / resistance levels. The whole range of this channel on a larger scale. . Everything is more detailed and shown in the ideas of the main trend. . TRX/USD Main trend. Channel. 17 11 2023 Note where this zone (channel) is in...
Logarithm. Time frame 3 days. Accumulation channel 15 months. The main step of dialing according to liquidity, 80%. Local trend—descending wedge. Pivot zone from key support/resistance levels. The percentage for orientation is shown. This idea is a continuation of a similar idea published a year ago at the beginning of the formation of the channel of the set with...
Gold is moving near the Resistance zone($2,373-$2,353) , Resistance lines , Monthly Pivot Point , and Yearly Resistance(2) . According to Elliott's wave theory , Gold seems to be completing the Flat Correction(ABC/3-3-5) . I expect Gold to break the Support zone($2,337-$2,318) soon. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to...
A possible buy setup: the price broke above the weekly pivot. I will wait to see the price touch the pivot from above (testing it).