It is expected that the support range will be broken and the downward trend will continue. Otherwise, a strong upward wave needs to form and stabilize above the support range. In this case, it will be possible to continue the correction process
According to the behavior of the price in the current range, the continuation of the movement will be according to the specified paths. The downward trend is expected to continue. If the rise to the specified resistance levels is formed, then a reversal is expected to form and the downtrend will begin
According to the behavior of the price in the current support range, possible scenarios have been identified. Considering that the corrective pattern has not been completed, the possibility of starting an upward trend is low
It is expected that the price will fluctuate in the current resistance range and then a trend change will take place and we will see the beginning of the downward trend
If the price crosses the resistance range, it will be possible to continue the upward trend. Otherwise, after some fluctuation, the upward trend will continue If the price fluctuates in the current resistance range and wastes time, there is a possibility of starting a downward trend with the breaking of the green support range
After the price reaches the resistance levels, the behavior of the price in this range will determine the continuation of the movement trend according to the specified paths. It is likely that the trend will change and the downward trend will continue
It is expected that after the completion of the corrective pattern at the support levels, a trend change will be formed and the upward trend will continue. As long as the price fluctuates above the green support range, a trend change and the start of an upward trend will be likely
The current uptrend is expected to break through the resistance zone and advance to the specified Fibonacci levels. Then, according to the behavior of the indicator in this range, the continuation of the movement process will be determined. After the completion of the current uptrend, a downtrend is expected to form to the specified support levels
From the prev upload we saw gold price rise to attempt the high high at 2429.867, failing to do so confirmed the sell, forming a double top at it, we hit our first shorts target at 2324.173 and 2300( prev week low(8-12/04)). a break below 2300, will confirm further sell to 2242.650 ( Mar high) where we might start seeing some retracements.
Pepeusdt has successfully reached its impressive, inverted head and shoulders (ISHS) target, demonstrating stability above this significant bullish reversal pattern. Currently, there are indications of potential consolidation in the form of a bullish pennant, further reinforcing the bullish sentiment. If this scenario unfolds as anticipated, our profit-taking...
MATIC/USDT appears to be carving out a classic ADAM and EVE bottom, signaling a potential reversal. Price movement is advancing towards a prime buyback region, aiming to finalize the EVE component of the pattern. We should consider the immediate Buy Zone as a favorable entry point. On the flip side, a significant demand area lies beneath, poised to serve as...
seems like algo getting ready for another bullish wave trend is already up and now breaking bullish flag too expecting successful breakout and incase of successful breakout expecting 70 to 75% bullish wave in coming days keep eyes on algo for successful breakout
Gold regained bullish traction and broke above the $2,400 mark, showing some short-term consolidation for now. Technical indicators retreated from extreme overbought levels, suggesting that some decline may be imminent in the short term. However, the possibility of a slide higher is yet to come, as XAU/USD refuses to give up while developing its moving averages on...
On the hourly chart, looking for a bullish pullback at/near the rising hourly 21ema. Looking for a sideways consolidation to go sideways until the 21ema catches up. The green line inside of the consolidation is Tuesday's closing price. Stop will be 75 ticks and Target is up there around 200 ticks
In week Chart, K2 close upon the neck line of a potential bullish head-shoulder pattern. The supply or demand pressure keeps at high level. The larger scale horizontal trend still has its power to pull back the price. If the high supply pressure candle K1 want to reverse the bullish market, K2 must close below the support immediately. It seems that the...
I am seeing 2 possibilities... One is that a rising zigzag has been completed and its correction appears. The other is 1-2-1-2 scenario.