This scenario is VERY tricky, let me explain why it could go either way, drastically. I'll separate the bull/bear ideas. The nasdaq looks like it could bounce off the BB bottom for a decent recovery, but, it's to see what happens tomorrow. Reasons for Bull Rally This month inflation report is cooler. With a lower CPI, markets will anticipate a 50 basis...
If we use the Elliots Wave like in 2022, this is how it may play out. The selling has been steep enough to apply the Elliots Wave here. Catalysts for Oct is a hotter than expected CPI/PPI, especially with fuel inflation rising and fuel prices rising back near record highs. Bearish Technicals: (1-Week) - RSI - MACD - MFI ----- On the contrary, these moves...
Hey Traders, in today's trading session we are monitoring Gold for a selling opportunity around the 2037 zone. Gold is currently in a downtrend and undergoing a correction phase, nearing the support and resistance area at 2037. In terms of fundamentals, Chair Powell's recent statement indicating that a rate cut in March is not the Federal Reserve's base case has...
Scenario 1 (High probability): As you can see in the chart, BINANCE:ETHUSDT has formed a nice Flag pattern and heading towards the next support. If ETH follows this flag support then we are looking at ETHs Next support around 2k I hope this flag pattern fails and ETH shows some bullish momentum. However sometimes correction are best to get more accumulation and...
Hello,Traders! NZD-CAD will soon hit A horizontal resistance Of 0.8284 from where I will be expecting A local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and made a strong impulse down to the support zone, thereby breaking the 2525 resistance level with the 2240 support level. After this, the price declined a little more, and then turned around and started to trades near the support level. Later ETH broke...
Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price traded near support 1, but after a little correction, it rose back to this level and made a strong impulse down to the trend line, thereby breaking support 2, which coincided with the support zone. After this movement, BTC turned around from the trend line and in a short time rose to...
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago made a strong upward impulse from the buyer zone to the seller zone, breaking 2005 and 2085 levels. But soon, the price turned around and in a short time declined back, breaking these levels again. Next, the price turned around and bounced up...
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where it at once declined to the support line, thereby breaking the 2235 support level, which coincided with the buyer zone. After this, ETH rebounded from the support line and in a short time rose higher...
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.61600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.61600 support and resistance area. Trade safe, Joe.
Hello,Friends! AUD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends! We are going short on the GBP/CAD with the target of 1.697 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✅
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2008.483 because the pair is overbought due to its proximity to the upper BB band and a bearish correction...
As Dogecoin is in a "calm before the storm" situation, we are looking here for two potential trades that can be taken: bullish and bearish scenarios. For Bullish scenario we need to break at least that 100EMA which would activate two potential long positions where for Bearish sceanrio we need to close price below 200EMA and secure it fully for a potential 22% of...
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 97.300 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 97.30 support and resistance area. Trade safe, Joe.
#ARB #Update #ARBUSDT #Short #ShortSetup #Eddy Its my "ARB/USDT" short setup <3 Enjoy Guys ;-) Related Arbitrum Analysis : (( ARB/USDT )) : Check Link :
FLOWUSDT is currently in expansion and is at the 2 Standard Deviation extreme for the log transformed bands and the momentum indicator shown beneath. TP: 0.705 SL: 0.813
#API3 #API3USDT #Short #ShortSetup #Eddy Its my "API3/USDT" short setup <3 Enjoy Guys ;-)