Why is Chainlink BINANCE:LINKUSDT pumping today?
Last month, I forecasted this coin on reach to a year-long resistance and to watch out for a potential breakout or pump in the upcoming weeks.
Now, BINANCE:LINKUSDT pumped because of a year-long breakout , that's 16 months to be exact.
What should we do next?
Scalping either long or short would be...
Hello, dear traders and colleagues. I wish you all a successful trading week.
Let's examine the AUDNZD chart to identify a potential selling opportunity.
As you can observe, the price is currently testing the upper boundary of a bearish channel, which has been acting as a resistance following an extended rally. Recent price movements in the past two days show...
Recap
Last Friday, we saw the market slowly grind down through supports all day, with a few minor relief pops. This marked the fourth consecutive red day for ES, closing at the lows. At the same time, the RSI is nearly the most oversold this year, leading to speculation about a potential relief bounce. In this newsletter, we'll discuss the triggers and setups...
The H/S pattern is a clear indication that buyers are weakening. If you see the day's price action you'll see that we couldn't even reclaim 262 or close at a weekly high.
Today, there was bad news and pumped $10 from the bottom. Yes we played calls here today (and a failed $40 lotto put), but that doesn't mean this price action is sustainable.
Anyway,...
✅ Price continues to move in an upward structure.
The chart indicates the end of the downtrend.
EURUSD will continue to grow. ✅
🚀 BUY scenario: long to 1.0777 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XLM broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.1215 is expected to happen.
Looks like the us30 is giving a possible head and shoulders setup. Should we get a get a breakout, I'll be looking for opportunities to go long on the retest. What are your thoughts on this pair?
GBPJPY was trading under declining trendline and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 182.10 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
Hello, traders and friends.
Let's analyze the GBPCAD chart, where we believe there might be a compelling selling opportunity.
In the Daily timeframe, you can see that the price has already broken the market structure to the downside. Since the low formed on September 28th, we've been in what we believe is a bullish corrective phase. Consequently, we are now...
BINANCE:BIGTIMEUSDT.P had a poor price action immediately after being listed across 40 crypto exchanges.
However, things look promising on a lower timeframe because there are footprints of buyers.
Let us see how this will pan out in the next couple of days.
What are your thoughts about my analysis? Let me know in the comment box.
If this analysis makes sense...
Litecoin broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 68.8 is expected to happen.
Hello, traders and colleagues.
Let's take a look at the GBPAUD chart to explore the potential buying opportunity it presents.
Recently, the price broke above the 4-hour bearish trendline and subsequently followed by a bearish retracement. This short-term bearish corrective move has also introduced another trendline, which was breached earlier today, due to worst...
Daily Chart
Bitcoin has tested and bounced back from descending trend line around 26,650
Now it's trading at 27,840 and moving up to 30,000
Bitcoin has support line with two points 26 and 26,6
Besides, Bitcoin needs to break resistance around 28,300 before go up 30K
Wait for next move
Again, we are going to sell BCH at the level, but we use a reasonable stop loss.
Why is this setup is interesting to me even when the market is pumping at the moment?
1. There is a resistance at micro level
2. A possible breakdown of the trendline
3. Bearish candle formation
I will open short right away, and be patient!
NB: If my trade should hit SL, that...
In light of the inherent instability accompanying geopolitical conflict, gold has historically served as a favoured haven for investors seeking a refuge of stability. Notably, gold has witnessed a marked upsurge in value since the preceding week, with indications suggesting a continued ascent.
Turning our focus to the first-half analysis, we can delineate two...
