Hi. GTAIUSDT Today, I want to analyze GTAI for you in a 1D time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). 🔵We have a Bullish Structure here GTAI formed a falling wedge on 1D timeframe🤔 Up we go if we do breakout , ended correction...
With the Iranian attack on Israel this night, Gold may open with a gap up. Before the market closed, the price already reached a significant intraday demand zone based on a support line of an expanding wedge pattern and a horizontal support. The closest resistance can be 2400. ❤️Please, support my work with like, thank you!❤️
Hi. BINANCE:ADAUSDT ✅Today, I want to analyze ADA for you in a 1D time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of...
That nasty red candle from yesterday changed things. Price bounced off the short term trendline support today. We will see the market going crazy with no clear direction on the upcoming days. Buy I still think the SP500 will make another ATH. In the 4h timeframe looks liken a HS but I don't think is going to play out. We are in another consolidation phase. I'm...
Chart Pattern: DOGE/BTC on the monthly timeframe appears to be forming a bull flag or falling wedge pattern. Both patterns are continuation patterns suggesting an eventual price increase after a period of consolidation. Target: If the pattern plays out, a breakout could see DOGE/BTC reach around 0.00001300 BTC, translating to roughly $0.52 per DOGE (based on...
Mining Companies discount based on FEF prices. Support area where we can find good opportunities for Long position.
AMD is hitting the resistance of the broadening wedge, from a daily chart perspective price is seeking a daily cycle high so there is an opportunity to tru and hit resistance again but once a swing high forms at the weekly we have higher confidence that price will retrace at minimum to the black mid-line.
Looks like the Retail Sales data may strengthen US Dollar today. As a confirmation, I see a very bearish price action pattern on EURUSD: bearish breakout of a rising wedge pattern in a bearish trend. I will expect a bearish movement at least to 1.063 ❤️Please, support my work with like, thank you!❤️
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it first broke resistance level and fell to $1.0775 points. After this, price tried to rise, but failed and declined lower, after which EUR turned around and started to grow in rising channel. In this channel,...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
VANTAGE:USOUSD Spot crude oil is showing a megaphone pattern on the 4H chart. This suggests increased volatility due to buyer/seller indecisiveness especially when the price action is near the upper and lower lines as well as the midline. The link below goes to a tutorial on how to trade a megaphone pattern.
BTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar patterns on which to found the forecast. The algo indicator validates a bias for a...
USOIL prices have been on an upward trend in recent weeks, driven by supply concerns and geopolitical tensions in the Middle East. The price has approached a key resistance trendline area, where a breakout or pullback could occur. If the price breaks above the resistance trendline area, it could signal a continuation of the uptrend, with potential targets at...
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...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
In week 24 we have closed our long position (see linked idea), Aspen is hitting channel resistance & 100% extension of the fib. Once price sets a swing high, we can be certain that trend reversal has started therefore a short position can be opened.
FARM/USDT is on the cusp of a potential breakout. The strategy is to wait for a clear break above the current resistance, followed by confirmation on a lower timeframe. This confirmation will be our cue for an approximate entry point. We’re targeting substantial gains with a precise stop loss to maintain a 3:1 risk/reward ratio. Stay tuned for the breakout and...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume...