🔍TRX (Tron) is showing unique behavior amidst market volatility. Here's a detailed analysis to guide your trading decisions. 📆Coin of the Day: TRX (Tron) About the Project: TRX is the native cryptocurrency of the Tron network, used for transaction fees on the TRC20 network. It is widely staked, contributing to its relatively stable price movements. 🧩Technical...
gold price dropped $100 in friday last week on china central banking stopped buying gold and hot nfp number which risk fed projecting 2 cuts instead of 3 and first cut after election price now side near 2300 psychological number after big dump price has failed to breakout big yellow support zone near $2280 in first attempt
4H chart: Bears seam to be weak. Corrective approach towards entry zone. = Buy limit set. 1% risk.
I see a nice gap up on Dollar Index. As always, chances are high that it will be filled soon. Approaching a key daily horizontal resistance, the Index started leaving bearish clues. I spotted a confirmed breakout of a support line of a symmetrical triangle formation on an hourly time frame. The Index may drop soon and reach 104.95 level. ❤️Please, support...
1) The stock is in uptrend in all major timeframes. 2) The stock is in weekly consolidation since JAN 2024 - 4 Months old weekly consolidation. 3) The stock shows strong volatility contraction in Daily, looks poised for breakout. 4) Weekly,Daily,4H & 75 min RSI Intact - Momentum in play. Entry around 230, Best - Between 215-220. SL - 214 Daily closing...
1) Stock is reversing from a 6 weeks old consolidation at a major weekly support - Previous low. 2) Stock is in uptrend 3) Daily is showing Bullish RSI Divergence. 4) Daily Price indicates compression Breakout as well. My entry - 350 Target - 400 SL - 325 RR - 1:2
Firstly, I'm still bullish. However, Right now we have btc at 70k. according to analysis price need a pool back and then we can consider a buy order until 76k to78k.
Hello Traders. The Daily Range today on Crude Oil was 2.89$. This is in the top 10% of the 113 Daily candles that we've observed so far this year for Crude. Quite the move to the upside to begin the week! We mirrored the move bearish from the previous week, which happened to be on Monday as well. The monthly candle managed to flip back bullish as we kickoff the...
Good Evening and I hope you are well. sp500 e-mini futures comment: Can see a diamond pattern on the 1h tf and the recent triangle we are forming. Market is in breakout mode. The move from bar 36 - 44 was strong but afterwards market was in a weak bull channel above the 15m 20ema. The buying above 5360 was weak and I expect bears to trade back down to 5350...
Good Evening and I hope you are well. dax comment: Bears managed to print a lower low below 18400 but bulls bought it as expected. The recent bear channel is broken and we are in a new bull channel. Trading range price action and you should only buy pull-backs and fade new highs or lows. US session closed it right at Globex high. current market cycle: ...
Good Evening and I hope you are well. overall market comment Markets went mostly flat today. Dax sears tried and were rejected again and sp500 and nasdaq made higher lows and lower highs. Markets are forming triangles which means we are in breakout mode again. No surprise moving into CPI and FOMC this week. I expect more sideways movement until...
🔍THETA (Theta Token) is showing significant activity. Here's a comprehensive analysis to guide your trading decisions. 📆Coin of the Day: THETA (Theta Token) About the Project: Theta is a decentralized video delivery network, powered by users and an innovative new blockchain. Theta aims to reduce costs and improve streaming quality by leveraging its native...
Price finally BO of the sideways more than 2 weeks during sideways consolidation. With no significant area to the left until the next VA, I am patiently waiting for a H1 continuation pattern to go long. There are 2 potential levels for a turnaround, the 1st at 1.9295 and the second at 1.9254. Best case we get a bigger H1 3-touch consolidation which taps into...
Last week, NZDCAD corrected to a key daily horizontal structure support. This morning, we see clear sign of strength of the buyers - a bullish breakout of a narrow horizontal range on an hourly time frame. It looks like the pair returns to a global bullish trend and a correction is over. Goals: 0.8435 / 0.845 ❤️Please, support my work with like, thank you!❤️
GBPNZD may drop from a key daily resistance. The pair is trading in a long-term bearish trend and an intraday price action on an hourly time frame leave clear bearish clues. I anticipate a retracement at least to 1.077 ❤️Please, support my work with like, thank you!❤️
Hello Traders. EurUsd has been ranging for the last 3 weeks ever since May CPI data. We attempted to break to the upside last monday but this resulted in a failed breakout and better than forecasted US Jobs data pulled USD down with strong momentum. Price retreated all the way to the bottom of the daily range on friday at 1.08 Daily support level. It appears this...
The Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the...
💥Gold is trading around 2336. Gold prices managed to hold above multi-week lows touched on Monday. The Fed's interest rate cut bet will limit the USD's recovery efforts and support the metal. Traders are now eyeing the US ADP report and ISM Services PMI for fresh impetus. 💥The market is currently waiting for the US jobs report for May, which will be released this...