Cardano broke down from it's consolidation structure and is now headed to the next level at 33c. 33c is: - The next major level of support - The 1.618 of a bullish butterfly (although not perfect) - The exact measured move of the triangle We had a bullish bias towards this consolidation structure, as we did for many of the altcoins, however that has now changed...
Hello Traders, In today's trading session, we are closely monitoring the DXY for a potential selling opportunity around the 105.700 zone. The DXY had been trading in an uptrend but recently managed to break out of this trend. Currently, it is in a correction phase, approaching the key retrace area at the 105.700 support and resistance zone. This level is crucial...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.664. The above observations make me that the market will inevitably achieve 104.909 level. P.S Overbought describes a period of time where there has...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area. Trade safe, Joe.
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 75.09 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello Traders, In the upcoming week, we are closely monitoring AUD/NZD for a potential selling opportunity around the 1.08200 zone. AUD/NZD is currently trading in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 1.08200. This level has historically acted as a significant pivot point for price action, making it...
Hello,Friends! It makes sense for us to go short on SPY right now from the resistance line above with the target of 531.44 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Hello My Friends. Ready to make mony for today? This is my Sell Limit Position. Have a good day.
The DXY completed a bearish 886 gartley and broke down out of its rising broadening wedge, after this it broke back below a key level of significance before confirming it as resistance this past week. As long as we stay below 105.3 the DXY is en route to lower prices, which in turn is bullish for the market.
Here is our detailed technical review for BITCOIN. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 67,066. Taking into consideration the structure & trend analysis, I believe that the market will reach 65,026 level soon. P.S Please, note that an...
Hey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89450 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89450 support and resistance area. Trade safe, Joe.
Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 78.44. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Please, check our technical outlook for USDCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.376. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Hey! I am watching this for Bitcoin. Should happen over the summer. Stay profitable out there.
Hello,Friends! We are going short on the SILVER with the target of 29.086 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Good Morning Traders, Not financial advise, at ones own risk:reward GME failure to hold levels gained and losing level sends this back to the origin. NYSE:GME to 17 Too many believers without continuation turns the believers stop loss to close orders as fuel for down. Will be back with an update around target price with an update and possibly a long. Have...
I like the final structure that gave an exit to the top that before that was a triangle structure which means the last wave of the fall or rise in our case of the fall
Take a look at our analysis for NZDUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.612. Considering the today's price action, probabilities will be high to see a movement to 0.608. P.S The term oversold refers to a condition where an asset has traded...