Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
BTCUSD trading ideas: Breaking out of the falling wedge has sparked an impressive price increase for the product. However, there are signs of a potential top at $65,490 that has caused the product to fall over the past several days. Currently, the price is fluctuating below the Major Resistance currently at $63,500. The whale's movement comes at a time when the...
Hello wonderful friends! Overall, after a sustained decline, XRP price found support near the $0.4865 area. A low was formed at $0.4864 and the price is currently attempting to mount a recovery wave, just like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. On the other hand, XRPUSDT previously broke out above the key...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
Hello wonderful friends of Ralph Benjamin! Regarding developments and results of EURUSD impact news: A resurgence of bearish sentiment on the US Dollar (USD) fueled a strong reaction in EUR/USD, pushing it to multi-day highs north of 1.0800 at the start of the week . Conclusion and new outlook for EURUSD: EUR/USD recovered the recent gains recorded in the...
Hello wonderful friends! On the previous H1, we saw the trend change, then the market entered a consolidation phase and reached 146.44. It is currently trading below resistance holding the price around the 148.00 area, but amid price compression and a gradual approach on growing volume sellers are less likely to hold the resistance zone. Personally, I still...
Hello smart and wealthy traders! Selling activities to take profits and investors waiting for US inflation data caused the market to decline in the first session of the week. Closing the trading session on May 13, world spot gold price decreased by 24 USD to 2,335 USD. During the session, the price at times dropped close to 2,330 USD. Analysts believe that...
BTCUSDT Trading Strategy: On H1, the price completely broke the trend channel and was completely below the resistance mark of 61,000 USD, showing that selling pressure from bears is strengthening. Accordingly, the price continues to be below the 2 exponential moving average technical signal from the EMA 34.89, which raises hopes of a sell-off. So, it wouldn't be...
Dear traders! Exiting the discount channel has caused product prices to increase impressively. At the time of writing, the crypto market is trading below the next hurdle at $63,485. The uptrend is strong as it consolidates at high levels with steady trading activity on the 1-hour timeframe. By remaining at these high levels, it is likely that $62,000 will be...
Hello dear traders! Currently, gold price (Xau/USD) is trading at 2,348 USD, equivalent to 12 USD compared to the beginning of the session. The main reason is comments from the Federal Reserve (Fed) and increasing speculation that the Fed may delay its easing plan, which has pushed up the greenback and pulled down gold prices. With lower USD. However, signs of...
Hi everyone, I'm planning to open another BTC UP position on Fybit trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target...
BUY ABOVE - 22130 SL - 22070 TARGETS - 22180,22240,22300 SELL BELOW - 22070 SL - 22130 TARGETS - 22020,21960,21900 NO TRADE ZONE - 22070 to 22130 Previous Day High - 22130 Previous Day Low - 21820 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Hello dear traders! Currently, EUR/USD trades lighter at around 1.0770 during Asian trading hours on Monday and is up 0.03% on the day. While a test of the key resistance zone around 1,080 remains elusive. Meanwhile, spot is expected to maintain cautious trading ahead of the key release of May's Michigan Consumer Sentiment and the Fed's speeches by Bowman, Barr...
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hey Traders, in tomorrow's trading session we are monitoring XAUUSD for a buying opportunity around 2325 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2325 support and resistance area. Trade safe, Joe.
BUY ABOVE - 47900 SL - 47730 TARGETS - 48050,48220,48460 SELL BELOW - 47730 SL - 47900 TARGETS - 47560,47400,47200 NO TRADE ZONE - 47730 to 47900 Previous Day High - 47900 Previous Day Low - 47000 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Here is my latest structure analysis for GBPUSD. Support 1: 1.2445 - 1.2490 area Support 2: 1.2299 - 1.2350 area Resistance 1: 1.2560 - 1.2639 area Resistance 2: 1.2677 - 1.2722 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️