GBPJPY's bullish streak ends with bullish trendline break.
The downtrend has begun with the Elliot wave pattern leading the way.
We expect the Japanese Yen to recover with the news that the Japanese government is considering ending the deflation period.
Crude Oil is trading in a bullish trend.
The price retraced to a solid vertical trend line on a daily.
After its test, I spotted a confirmed bullish breakout of a resistance line
of a falling channel on an hourly time frame.
I think that bullish rally may resume soon.
Goals: 78.0 / 80.6
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World gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning.
World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing...
We know from the past what to look out for and what algorithms and channels we need to activate in order to break out of our less-strong buying continuation channels.
Yellow (with purple as support) is our key algorithm to breaking out of green - yet, once we see tapering on green and especially our red controlled buying presenting itself, we are prepared to make...
Bitcoin (BTC/USD) price is uptrending and currently testing all-time high price levels, again in March 2024.
Bitcoin price needs to break and hold above $70000 to continue the uptrend this year in 2024.
Weekly Resistance pivot point levels are: $70000, $80693, $90000, $98690, and $116687.
Weekly Support pivot point levels are: $60000, $52511, $40000, $34514,...
Introduction
OP is the native token of the Optimism PBC Layer 2 scaling solution for the Ethereum blockchain. It is a governance token that allows holders to participate in the protocol's governance process. OP launched in May 2022 and quickly gained traction due to its association with Optimism, a popular scaling solution.
Weekly Timeframe Analysis
After...
Hello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
Starting in 2018 Nvidia stock has been trading in an obvious rising channel formation. We had the last retest in August of 2018 which was then followed by a +650% rally towards the upside. Considering that Nvidia is now approaching the upper resistance of the...
BINANCE:MATICUSDT The weekly chart has recently breached a significant resistance level, with the price now trading above it. This sets the stage for a promising long trade, with a potential target price ranging between USD 4 to 5.
#MATIC/USDT SPOT LONG ENTRY
Leverage: 1x
Entries: $1.1668
Take profit 1: $1.5055
Take profit 2: $2.5197
Take profit 3:...
Sol is blasting through price targets on this altcoin season/bull run. I think the token moves to 173 rather quickly here based on this momentum. The medium term target is that blue fib or 227$.
There is a great BULLISH setup on the Gold Monthly chart. It's a long-term trading opportunity.
There has been a descending trend line which has been broke to the upside and re-tested. The market has bounced off this trend line with force.
A strong area of resistance has been re-tested many times. The price moved strongly above this area and is about to...
This could be the sign that bulls have been waiting for. To prove tapering on the daily and activate a strong buying algo to make a move to breakout of our selling algos.
Keep an eye out for this - we will look for the white tapering on the daily to line up with our pruple tapering algo on the 1 HR.
Happy Trading :)
🔍In the weekly timeframe, Atom's price action has remained within consolidation since May 2022, without a breakout for over 660 days. However, recent developments show a significant breakout of the trend line, supported by confirmation signals based on Dow Theory principles in the preceding candlestick.
💎The Fixed Range Volume Profile indicator complements the...
Hope this was helpful for those who are interested in learning!
Again, I can't emphasize enough - you're charts don't HAVE to have all these "lines" in order to succeed. I see the market this way without all the chaos. But it is helpful to understanding PA and why price is moving where it is and what kind of strength of buying we need to see in order to have real...
As the markets adjust to the unfolding economic landscape, gold has shattered previous records, establishing new benchmarks. The recent shift in market sentiment, spurred by the US potentially entering a phase of stagflation, has catapulted gold to new all-time highs. Moreover, with Bitcoin on the verge of charting an independent bullish course, the overall market...
Daily/4h time frames analysis for Gold.
Potential scenarios ahead of Powell Testimony.
Key levels, price action analysis.
Trading recommendations.
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