Based on current price action, it appears that may be entering a bearish channel, indicating a potential downward trend. This channel could manifest in two primary retracement zones: Zone 1: Between 51 and 47,550 Zone 2: Between 42,240 and 41 Market Volatility: Remember that market conditions can change rapidly, and this analysis is based on current price...
🏃♂️ EURUSD is moving near the 🔴 Resistance zone($1.0806-$1.0781) 🔴. 📈According to Classical Technical Analysis , EURUSD seems to have succeeded in forming an Ascending Broadening Wedge Pattern . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect EURUSD to at least decline to the 🎯Target🎯 I have marked on the...
🏃♂️ Gold is moving near the 🔴 Resistance zone($2,338-$2,318) 🔴and Resistance lines . 📈In terms of Classical Technical Analysis , Gold is completing the Falling Wedge pattern . 🔔I expect Gold to continue falling to the Support lines and 🟢 Support zone($2,272-$2,250) 🟢 at least. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop...
As we know, the price of GALA/USDT has risen 320% since the beginning of 2024. As prices rise impulsively, they will correct at any time. GALA/USDT has corrected 60% from its March high ($0.08677). This correction aligns with the prediction of the Fibonacci indicator at 0.68. When viewed from the daily chart, GALA is still bullish. I think GALA will have two...
Conflux (CFX) is a public layer-1 blockchain that is more scalable, decentralized, and secure than existing protocols and is designed to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure. Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction...
I provide here a guide to how to short, when to long and where 4 hour bullish liquidity will be found, as well as no trade zone. 5DMA is safety so you need to wait for a not only rejection off buy channel (yellow) but also a failure below 5DMA in order to take a short. Long above $80 and wait for structure such as a retest of 4 hour sell channel for liquidty to...
After ugly sell off. SHOP is near to trendline support or gap resistance 55-57 let see
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: More than 4 years ago Bitcoin created a nice bullish ascending triangle formation and broke out above the resistance. This breakout was followed by a +270% move towards the upside. Currently Bitcoin is once again creating a similar ascending triangle...
FX:XAUUSD is moving from the consolidation phase, to the phase of realization of accumulated potential and rallying to 2400. The price enters one of the key ranges. The fourth wave of correction is coming to an end and a rally within the V wave is being formed. The potential target could be 2400-2550. The price is returning to the range of 2398-2362. If the...
BITU - channel resistant , short to target 28 where 4h demand exists. Not look for staying short too long on this one. It will eventually break the channel to the upside. Will update chart when long signal happens.
Reasons for bullish bias: - Entry at HH breakout(DOW) - Price bounce from trendline - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 313.85 Stop Loss Level: 283.76 Take Profit Level 1: 343.94 Take Profit Level 2: 363.20 Take Profit Level 3: Open
If the market breaks through 2350, we can take advantage of the trend and move it to the 2410 position, forming a high range of 2330-2410. Gold is currently following this pattern. If we continue to exert our strength, we can go long around the low. According to the current development intensity Gold in the US market has a high probability of impacting 2400...
Gold broke through the unilateral rise after a long period of consolidation, and continued to rise. The technical trend continued to be bullish in the short, medium and long periods. After a long period of consolidation, the daily MACD turned above the 0-axis and once again increased the volume, supporting a unilateral rise. The 4-hour level has since 2275...
Because the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and...
Price is at the trend deciding zone 5200 - 5220. We had continuous uptrend for few days. Will price take a pause, have a pull back before moving up? Buy above 5230 with the stop loss of 5210 for the targets 5260, 5300, 5340 and 5380. Sell below 5180 with the stop loss of 5210 for the targets 5150, 5110, 5060 and 5020. Support is seen at 4980 - 5020. Check the...
It seems as if the SEC and government do not like crypto at all. Unfortunately, our bags aren't safe. Soon or later they will realize that they have to innovate and beat other countries to the punch when it comes to Crypto. For now we must bleed. It sucks but that is the reality, but as long as bitcoin can remain in these levels we can remain bullish for the time...
Hi Guys. As always im on the look out for Macro opportunities in assets with market structure or patterns that scream "Pay Attention to me". One that stood out to me was ARLO. This analysis is on the 1 week timeframe. Notice the Orange rectangle. This zone is a MAJOR Support/ Resistance zone. When Arlo went Public, we started ABOVE this zone. Then made our...
Trading Plan for Friday, May 10th, 2024 Market Sentiment: Bullish, but with a cautious undertone after a significant multi-day rally. Expect potential profit-taking and a reduction in aggressive buying activity. A period of consolidation is highly likely. Key Supports Immediate Supports: 5235-37, 5228, 5209 (major), 5203 (major) Major Supports: 5177-79...