FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...
Expecting further upside this week on EURCAD Last week closed strong bullish to setup this week Classic break and retest set up of 1.46 key level and 1.45 daily pivot area (79% retracement) Looking to enter on start of week retracement with stops below 1.45 invalidation area Targets at 1.49-1.50 Follow for more
Hello,Traders! NIKKEI is trading in an Uptrend and trend is your Friend so as the index Is retesting a horizontal Support of 32,000 I think That we will see a local rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello everyone, let's look at the BTC to USDT chart taking into account the timeframe of 1 hour. First, we will mark the local downtrend line under which the price is moving. We will use the fib retracement tool to plot support and we see a support zone from $28996 to $28956, then there is a second zone from $28914 to $28854 and then strong support at...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is currently hovering around the FWB:29K level. According to the chart, it is forming a falling wedge-like structure in 4hr time frame and currently trading inside the wedge. Expecting it to move inside the wedge for a while and...
✅DAX is trading in an uptrend And the bullish bias is confirmed By the rebound we are seeing After the pair retested the rising support So I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello everyone, I invite you to review the ETH chart on an hourly interval. First, we will mark with yellow lines a local triangle in which the price is at the upper limit for the third time. In this arrangement, we can see an exemplary price movement in which the fourth time we will see an upward exit from the triangle. After unfolding the fib retracement tool,...
Weekly Chart Axie Infinity BINANCE:AXSUSDT is in indecision position around 6 It's under descending trend line and have a support at 5.7 Daily Chart AXS's in uptrend and rejected level 6 some times. So I think it'll retest the resistance around 6.4 Just wait
GBP/CAD is trading in an uptrend along the rising support line from where we are seeing a nice rebound so I think that the pair will go up.
✅NI225 is going down now But a strong support level is ahead at 31,874 Thus I am expecting a rebound And a move up towards the target at 32,600 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello everyone, let's look at the ETH to USDT chart on the 4-hour timeframe. As you can see, the price is holding above the local downtrend line. Once we unfold the Fib Retracement grid, we can mark the support zone from $1827 to $1780 that the price is based on, then we have strong support at $1712 and then at $1623. Looking the other way, we will mark the...
ARBUSDT is trading at very important zone. Although the pair is in bearish channel but selling pressure is not favorable as there is strong bullish divergence at support zone. In past bulls took charge from this support zone. Will bulls again attack on this level?
NZDUSD is putting multiple bullish confluences. The pair has completed AB=CD pattern and now trading at strong support area around 0.6070 region. Previously bulls took charge from this level and made a ride of around 340 pips. Will the bulls took control from this level ?
Traders, Two posts ago, I showed this bullish triangle. I expected one more drop down inside the triangle and I stated the price support would range between 28,300 and 28,800. We got our drop and we got our support. I remained bullish. One post ago, I anticipated a breakout to the upside due to patterns remaining bullish. We got our breakout to the upside. But...
I've been closely observing the BTC/USDT Perpetual Contracts on Binance and after an extensive 4-hour timeframe technical analysis, I am predicting a potential downward movement for Bitcoin. The key indicators I've used for my analysis are trends, a unique indicator called "Price Action - Support & Resistance by DGT" (source), and two Fibonacci Retracement for...
Seems like a healthy pullback RPOWER showing a long opportunity. My entry position was seems quite early but giving a better opportunit now with price at good support level, near 50 Day SMA (blue line) accompanied by price up with big volume and down move with negligible volume. Crossing red line that is 200 D SMA could possibly give much more...
Hello everyone, let's look at the BTC to USDT chart on a one hour time frame. As you can see, the price has moved sideways from the local downtrend line. When we unfold the trend based fib extension tool, we can mark the first support zone from $28998 to $28830, then we mark the second strong support zone from $2855 to $28357. Looking the other way, we will...