Although I’m bullish on most alts in medium term, Litecoin is looking pretty weak at this point. It seems a shoulder-head-shoulder pattern is forming on the weekly timeframe, indicating a move down back to approximately $25. Just putting this out here to see how it turns out.
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago rebounded from the 1.0900 support level, which is located in the support zone, and made a strong impulse up to the trend line, thereby breaking the 1.1030 resistance level. But soon, the price rebounded from the trend line and in a short time...
Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price started to trades in consolidation, where it at once declined to the support zone, which coincided with support 2. After this, ETH rebounded from this zone and tried to rise more, but failed and fell back to this zone. Price some time traded in this zone and later ETH bounced from...
Hello,Friends! We are now examining the GBP/AUD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.891 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Bearish trend on GBP/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.067. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.033 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✅
Please, check our technical outlook for NAS100. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 16757.1. Considering the today's price action, probabilities will be high to see a movement to 16574.6. P.S The term oversold refers to a condition where an asset...
Please, check our technical outlook for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.833. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.832...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades in an upward channel, where it at once rebounded from the resistance line and declined to the support line, breaking the 43200 support level, which coincided with the support zone. After this, the price tried to...
Here is our detailed technical review for GBPCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.704. 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...
Take a look at our analysis for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2033.297. Taking into consideration the structure & trend analysis, I believe that the market will reach 2021.324 level soon. P.S We determine oversold/overbought...
Hello,Traders! AUD-NZD is about to Retest the strong horizontal Resistance level of 1.0762 And after the retest I will Be expecting a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! SILVER broke the rising Support line and is forming A kind of a bearish flag Pattern beneath the broken Line so we are locally bearish Biased and we will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session, our focus centers on GBPUSD, specifically eyeing a selling opportunity around the 1.27250 zone. The pair, having broken out of its recent uptrend, now resides in a correction phase, drawing nearer to the retrace area at the crucial 1.27250 support and resistance zone. Adding depth to our analysis, the recent release of the...
Looking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish...
ETF is live, and billions of dollars have been going into the crypto trading markets!! Although this is a huge milestone for Bitcoin, we are not so optimistic for bullish markets to start yet! - Yes, we now have big institutions that can buy in on Rypto, but would they buy in on such a high price? With that being said, we are still seeing that downward possible...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support level, which coincided with the buyer zone, and in a short time rose to the resistance level. Then the price started to decline in a downward channel, where the EUR declined to 1.0725 points, thereby breaking the 1.0875 level. After...
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support...