Hello traders, I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck Wish you many pips PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair,...
Hi folks today I'm prepared for you Ethereum analytics. Some time ago price rebounded from the support level, which coincided with the support zone and started to rise, but after ETH little rose, it turned around and made impulse down lower the 3445 support level and even the support zone. But soon, the price turned around and in a short time rose back and even...
💎 Paradisers, get ready for a significant move with #ARBUSDT. It's edging closer to a previous resistance, signaling a potential bullish path ahead. If it can turn this resistance into support with a successful retest, expect a vigorous surge past the $1.5704 mark. 💎 On the other hand, should #Arbitrum's climb stumble and it falls below the $1.5704 mark, we'll...
Good day my dear friend, how are you doing? See, Cardano has been red for three weeks. Two weeks actually but this week starts red and is likely to end red. Seeing three consecutive red weeks can mean a correction is about to develop, we can deduct this based on multiple signals. This is ok. This projected/potential correction is only a short-term event. It can...
In the BTC chart, we're seeing a delicate balance as the market decides its next major move. The MACD remains in bearish territory, yet the recent uptick suggests underlying strength that could soon reflect in the price if sustained. However, caution is warranted until this potential reversal is confirmed by a solid bullish candle closure. The RSI hints at...
📉 XAU/USD Price Forecast 📉 OANDA:XAUUSD XAU/USD has reached the high of its uptrend and formed a neutral chart pattern known as a descending triangle. The breakdown of the support level suggests a potential reversal, with the price expected to retrace before our entry is activated. Sellers have taken control, with increased volume on the selling side...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 2148.75, which is a pullback resistance. Our take profit will be at 21405, an overlap support level that aligns with the 161.8% Fibo extension The stop loss will be placed at 2159, which is a pullback resistance level. High Risk Investment Warning Trading...
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high. The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts). If the breakout can...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.200 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.200 support and resistance area. Trade safe, Joe.
UPDATE: Previous analysis 14/3/2024 saw the price drop in line with the forecast. And from a technical perspective, the trend is bullish on the main time frame. As shown in the 4H chart, the support zone is 64934. If the price cannot break through, It is expected that there is a chance that the price will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss...
THE KOG REPORT In last week’s KOG Report we said we would be looking for the price to retest the new highs created, and as long as the price wasn’t beaten, we would be looking to short the market back down into the 2165 levels and below that 2150. As you can see, we have another point to point move, with a low set in at 2150 for the week, giving the perfect...
QS QS About To Rise Again- Complex Pattern From our previous analysis, the price reached the first target again and it is still in the same position. The pattern is very complex again for Quantum Scape Corporation. This is offering another trading opportunity. The lowest low was created at 5.11 and the price tested this zone for the second time. The price...
GBPUSD Support Zone H1 . SL : 1.2684 TP1 : 1.277 TP2 : 1.281 TP3 : 1.285 TP4 : 1.289
Hello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2019 we saw a major breakout on Gold which was followed by a +50% rally towards the upside. Then Gold has been consolidating for roughly three years and just four months ago broke out of the flag formation. I am now waiting for a retest of the breakout area which...
Since the beginning of this year, until last week, the markets were certain that inflation is on the down-path and that the Fed might cut interest rates somewhere in May this year. However, the February inflation data made the markets rethink their initial assumptions. The inflation seems to be more persistent than initially estimated, in which sense, the rate...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1M chart) Since the 67K-69K section is located as shown in the picture, I believe it corresponds to the psychological resistance section. Therefore, if support is reached around 67K-69K, it...
I don't necessarily think this is how it will exactly play out, but it is something interesting to watch, especially at the top resistance trend. I think 100k is a good minimum target for this cycle.
ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy...