BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes. The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above...
BINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth. On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance,...
NZDCHF has formed two bullish patterns: initially, it was trading within a descending expanding wedge pattern, followed by the formation of a cup and handle pattern within this structure. To consider buying the pair, it is advisable to wait for a breakout above the neckline of the cup and handle formation on the 4-hour chart. A confirmation would be a 4-hour...
Hi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to resistance 2, which coincided with the resistance zone, and at once rebounded and made little correction movement, after which it continued to grow. BTC quickly reached resistance 2 again, but this time it broke it and then reached the trend line, after which started to...
Penny stocks are excellent fun during market volatility, they move as fast as crypto charts. Thusly chart patterns reveal themselves with pace. On the above 2 day chart price action has corrected 90% since October and even more so since Oprah Winfrey decided it was time to exit. Now is an excellent long trade. Why? 1) Price action and RSI and MFI resistance...
All based on technicals and not fundamentals. Large volume and divergences tell me we will see a pump, along with option calls holding there value regardless of todays large drop. Means there is interest and buying of them. Small cap June is here and large caps will do nothing.
OANDA:GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1 On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the...
I see a breakout of an intraday horizontal resistance on WTI. After a violation, the market started to correct within the expanding wedge pattern. Test of a broken structure made the market bullish again. I think that bulls may push the prices higher today. Goal - 80.15 ❤️Please, support my work with like, thank you!❤️
FX:EURUSD is in a bearish channel. The price is below the resistance at 1.0725, there is a possibility of retesting the liquidity area before further decline. The fundamental background is weak and the actual target is 1.0606 Globally, the market is neutral-bearish. The lower boundary of the symmetrical triangle on D1 is the actual target (testing the...
Hello all, Here is my analysis on XRP from a 1W timeframe - - Price is currently trading within this symmetrical triangle and a break out to the upside is approaching. - Once price comes to retest the resistance zone of $0.9000 - 0.7200 then I will look for long term buys!
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...
Logarithm. Time frame 3 days Secondary trend. A descending wedge is being formed. Its breakthrough - reversal and price growth. Maybe another decline, take it into account in risk management. Globally, and perhaps medium urgently now acceptable prices for a position set, at least the first part of it. Preferably, on the breakout of the reversal level. Stops are...
The ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level. A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market....
Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge,...
Yello, Paradisers! Have you been watching UNFIUSDT? If not, now's the time to pay attention. The market has formed a descending channel, often considered a bullish pattern, and the price is currently sitting in a demand zone. This combination increases the probability of a bullish move from here. Let's break it down: 💎UNFIUSDT has formed a descending channel, a...
Hello all, Here is my analysis of BTC from the 1D: - Price has closed below the support area of $67-66k. I anticipate that price will continue its move to the downside to retest the support area of $58-56K. - Price has been ranging in the support and resistance areas of $72-70K and $58-56K.
Might be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily. This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to wedge, where it at once bounced from support line to resistance line. But soon, Gold turned around and in a short time declined back to support line, breaking $2400 and $2325 levels. Then price made upward impulse to $2447 points,...