In yesterday's post, I wrote that an important level for bulls to watch is the 1990 zone. After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone. Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration. As said, both...
The price perfectly fulfills my last idea.The market is ranging after channel breakout. The price has broken through the support levels. I look forward to testing the lower border of the upward channel and resistance zone. Price may fall from resistance because the market has no momentum to break through and the market already has updated swing lows, furthermore...
The price perfectly fulfills my last idea. It hit the TP. The market reached a strong daily resistance zone and bounced off. The price formed a divergence after making an impulse move up. We have a economic news release, so we should be cautious. I expect a pullback from the resistance zone because, on the daily timeframe, the market is testing the resistance. The...
ICP is one of the coins that I watched closely and, as explained in my previous analysis, a break above resistance could lead to up acceleration. Now, the coin is flirting with resistance and is pressing for a break As long as the price stays above 4usd the trend is bullish and a genuine break of resistance could lead to a rise of at least 50%.
In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact. As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k. Yesterday the price rose back to resistance and I'm looking...
good evening gold gang and i hope you are well!! Hey what gives with the news this week not being volatile? .. moving less than 100 pips .. not giving me the moves im looking for .. this is where patience comes in!! After waiting all day .. the only trade i could grab was the algo bounce buys for 14 pips. Profit is profit though so im not moaning hah ok first...
Dear colleagues, perhaps the price continues the corrective movement in waves a b c. Wave c is usually equal to wave a, so I believe that the price will reach the level of 100% Fibonacci extension 1978.436. After that I will look for long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
After the top near 1.85 in August, EurNzd dropped almost 1000 pips. In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82. Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time. 1.8 acts as a very important psychological level but also as an important...
Dear Colleagues, I believe that the price is in a corrective movement a b c. Wave c is usually equal to wave a, so I expect the price to descend to the 100% Fibonacci extension level of 1.24007. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I believe that the price has not finished its upward movement yet. Wave 3 should be the longest. This means that the price will reach at least the level of 78.6% Fibonacci extension 2007.534. A small pullback to the support area of 1991 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
As I explained in my previous post, UsdJpy could accelerate its decline and test 3 October's low. After this anticipated drop, the pair started to correct to the upside and now it's approaching an important sell zone. I'm looking to fade rallies around 149.50 for a new leg down. A close above 150 zone would negate this scenario
In my previous analysis of ADA/USDT, I highlighted that as long as Cardano maintains support above the 0.24 zone, there's a strong likelihood of a reversal towards the range's resistance at the 0.4 zone. Recent optimism in the crypto market has indeed facilitated this movement, with the coin witnessing an approximate 60% surge over the past month. However, the...
The price broke through the resistance zone 2000 after the news release. The market formed a rejection candle that suggests we might have some pullbacks. I think the market will go above the previous resistance to test the liquidity above it. I expect the price to pull back from this level and continue moving upward from the support level if the upcoming news...
As you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone. Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after. As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls. In my opinion, a...
The price perfectly fulfills my last idea and reached target level. The market fell from resistance zone and pulled back to it again after range breakout. The price bounced off the resistance by forming impulse movement before. I think it might go down because the overall the market is in the range zone. The price is at range border so there is high chance that it...
The price perfectly fulfills my last idea. The market is heading toward the targeted area. The market reached strong resistance zone and then bounced off it. It is heading towards the channel border and I think the price will break throught it. Price action formed long tailed bar on the daily timeframe. The market showed divergence and after the price rebounded...
Dear colleagues, I believe that the price is completing the movement in the corrective wave 2. Perhaps the price will renew the minimum, but in any case I expect the price to rise at least to the resistance area of 1.09716. This will be the beginning of wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
In my yesterday's comments, I explained why, after the false break of the confluence support there is a high chance of a test of the recent high. Indeed, XauUsd has risen and tested exactly that point. A correction followed and now the price is consolidating. The overall structure remains very bullish and traders could look to buy dips around 1990. If Gold manages...