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Zigzag

GOLD → Retest of trend resistance before declineFX:XAUUSD is recovering amid uncertainty, but there is a fairly strong resistance zone ahead that could hold back growth and trigger a decline... Since the opening of the session, the price has recovered slightly after a week-long decline. Growth is being held back by two-sided risks: on the one hand, pressure on the dollar and Moody's downgrade of the US credit rating are supporting the metal, while on the other hand, high bond yields and possible US trade agreements are limiting growth. Investors are awaiting new statements from the Fed and are monitoring US negotiations with key partners. Amid concerns about fiscal stability and weak economic data, gold may remain in positive territory, but positive trade news could turn it down again. Resistance levels: 3257, 3265 Support levels: 3206, 3153 A false breakout of the specified resistance will confirm the inability to continue growth. Consolidation after a false breakout of 3257 - 3265 below 3257 could trigger a reversal and a fall to areas of interest... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
10
USDJPY → Support retest. Is the trend continuing?FX:USDJPY is storming key support within the local downtrend. Pressure is intensifying the dollar's decline... The dollar index is beginning to fall, which is also reflected in the currency pair. Selling pressure is intensifying. A local downtrend is forming, with an attempt to break through key support at 144.82, below which the path to 143.4 - 142 opens up. Consolidation of the price below 144.82 could intensify the sell-off. Resistance levels: 145.34, 146.07 Support levels: 144.82, 143.44, 142.35 Global and local trends are downward, and the fall of the dollar can only provide additional resistance, which will intensify the sell-off. A break of key support and consolidation of prices below 144.82 will trigger further sell-offs. Best regards, R. Linda!
Short
by RLinda
12
BITCOIN → Consolidation in a triangle amid a BULLISH TRENDBINANCE:BTCUSDT is consolidating. A symmetrical triangle is forming against the backdrop of a bullish trend. Given the current technical nuances, we can bet that this consolidation is forming with the aim of continuing growth... Fundamental nuances have gradually improved over the past few weeks, and the cryptocurrency market has revived slightly. Technically, I like the market structure on D1. After strong growth, the price is not going to fall, consolidation is forming. The market is bullish, after 2-3 weeks of consolidation, a bullish distribution is forming. The cycle has repeated itself twice. On D1, you can see how long tails are forming downward within the consolidation, indicating that whales are buying up all attempts to fall, keeping the market away from risk zones. Accordingly, at the moment, I would say that consolidation may continue for some time, and I do not rule out an attempt to retest the triangle support before growth, or entry into a deeper zone to retest the distant liquidity zones of 101400 and 100700 before continuing growth. Resistance levels: 103.6, 104.4, 105.0 Support levels: 102.5, 101.4, 100.6 A decline can be considered if the price breaks the triangle support and sticks to 101400, forming a pre-breakdown consolidation (if there is no upward rebound). However, at the moment, intraday trading can be considered, i.e., from the consolidation boundaries. A signal to exit the consolidation upwards and continue growth will be consolidation between 103.5 and 105.0 and compression towards the upper boundary. Best regards, R. Linda!
Long
by RLinda
21
DOGE → Retest of the panic zone. One step away from a downtrendBINANCE:DOGEUSDT.P is facing selling pressure. After distribution (pump), the price enters a correction phase (dump) and storms the panic zone, a breakout of which could intensify an uncontrolled decline. DOGEUSDT squandered all the potential accumulated in late April and early May. The distribution ended in the 0.2600 zone, after which the coin entered a correction phase. At the moment, the coin is testing the panic zone of 0.21400 All attention is on the base of the triangle at 0.21400. This is the panic zone. When the support breaks, buyers will be liquidated, and sellers may increase sales, which could trigger a bearish momentum. Resistance levels: 0.222, 0.2307 Support levels: 0.2145, 0.2135 The main idea is a continuation of the decline. The trigger is a breakdown of support at 0.2135 and consolidation of the price below this zone, only in this case will the price continue to fall. !!! The structure will be broken if the price reverses and consolidates above 0.222 and confirms the bullish sentiment with price consolidation above 0.23, in which case we will again consider growth. Best regards, R. Linda!
Short
by RLinda
24
PENDLEUSDT → Resistance retest. One step away from distributionBINANCE:PENDLEUSDT is preparing for distribution after a prolonged consolidation. The price is testing a key resistance level, which, if broken, will trigger a rally... The coin is breaking through the flat resistance and consolidating above the upper border of the range. The key level is 4.400. If the bulls hold their ground above this level, the growth may continue. Bitcoin is showing bullish dynamics, which supports the altcoin market. The bullish trend may continue in altcoins as well. Pendle may move from consolidation to distribution. Resistance levels: 4.32, 4.400 Support levels: 4.024, 3.622 If the coin manages to consolidate above the key resistance level, thereby confirming the breakout, the price may move to aggressive growth. In this case, the target could be 4.800. Best regards, R. Linda!
Long
by RLinda
1
GOLD → Short squeeze before a drop to 3150?FX:XAUUSD is consolidating. The market needs a driver, but due to the unstable fundamental background, traders have switched to a wait-and-see mode. Consolidation could turn into strong movement at any moment. But in which direction? Gold under pressure: the market is waiting for signals from the Fed and negotiations. The dollar is putting pressure on the market amid expectations of trade negotiations with India, South Korea, and Japan, as well as statements from the Fed.Earlier, the metal was supported by the weak dollar after Moody's downgraded the US credit rating, but growing interest in risky assets and hopes for peace between Russia and Ukraine reduced demand for gold. Key factors — negotiations and comments from the Fed — will continue to influence the dynamics of the dollar and gold. Technically, the price is in a downtrend and within consolidation. A breakout from consolidation could be accompanied by strong momentum, but I believe that there will be no countertrend movement and that a retest of resistance could end in a decline... Resistance levels: 3265.5, channel resistance Support levels: 3206, 3153 The most likely scenario within the bearish trend is a short squeeze and a downward breakdown from the triangle (the fundamental background and economic risks are slowly but surely declining, and gold may lose value). A false breakout of 3250-3265 could trigger a continuation of the trend towards 3150-3120. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
2
GOLD → The fight for 3,200 continuesFX:XAUUSD has recovered after a bearish distribution. The price has returned to the range but continues to test the fundamental threshold of 3200. The fundamental background has been gradually improving recently, which is putting pressure on the gold market, increasing the profit-taking ratio and the level of sales. After the resolution of the tariff war, all attention has shifted to the negotiations between Russia and Ukraine, and de-escalation could also reduce economic risks. As well as the escalation of the conflict in the Middle East... Technically, the price is returning to the range after a deep false breakout but is facing strong resistance and pressure from sellers. Further developments depend on the 3200 level, which is of fundamental importance. Resistance levels: 3225, 3236, 3257 Support levels: 3204 - 3200, 3194 The battle for the 3200 area continues, with bulls likely to try to keep the price above 3200, in which case the market may test the 0.5-0.7 Fibonacci zone. However, given the recent improvement in fundamentals, the price may return from these zones of interest to 3200 with the aim of continuing the assault to break through and continue the downtrend. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
11
GBPJPY → Return to range. Possible price decline.FX:GBPJPY is forming a local bearish trend amid a correction in the dollar. The price is returning to the range and entering strong resistance. Amid a correction in the dollar, the Japanese yen is strengthening, putting pressure on the currency pair. GBPJPY is returning below a strong level (within the range) and consolidating in the selling zone, which could trigger a continuation of the decline towards areas of interest. Technically, the global trend is neutral and the currency pair is forming a rebound from strong downward resistance. If the bears keep the price below 193.45 - 193.74, the local downward trend may continue. Resistance levels: 193.45, 193.74, 194.22 Support levels: 193.04, 192.35, 191.65 Price consolidation below 193.74 - 193.45 will confirm that bears are holding the range resistance. The sell-off may continue, and in this case, the price will head towards the indicated zones of interest and liquidity. Best regards, R. Linda!
Short
by RLinda
3
GOLD → Correction ahead of news. Will the decline resume?FX:XAUUSD has been buying back all the losses from the Asian and Pacific sessions since the opening of the European session, but this looks more like a catapult being loaded... GOLD broke through the global consolidation base of 3200, which only confirmed the bearish market structure. Investors are waiting for PPI and retail sales data in the US, as well as Fed Chair Powell's speech. Expectations of fewer Fed rate cuts and optimism surrounding trade talks with China and South Korea continue to weigh on gold. However, weak macro data and a growing US budget deficit could revive interest in this safe-haven asset. GOLD is in a correction phase and is heading towards the zone of interest: the liquidity zone and previously broken support of global consolidation. Resistance levels: 3187-3190, 3200 Support levels: 3123, 3100 Gold may test the indicated resistance, but based on the nature of the market, this situation may end in a false breakout and a fall. Target 3123 - 3100. However, unpredictable data may temporarily change the market, which could lead to momentum towards 3220-3230. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
13
Bitcoin ready to test support before risingThe volume profile indicates a clear boundary of the trading range - consolidation support as a target for the current local movement. 102200 - 101400 - panic zone, price may enter this zone, provoke bids (buyers' stoplosses and speculators' sales) and return to the range, which will activate a zone of interest for the market - 103930. Scenario: the price is trading inside the consolidation with clear boundaries - support and resistance. The price is aiming for the support within a bullish trend. False breakdown of support may trigger a rebound and growth. Target 103930 - 105000
Long
by AndeWave
9
ETHEREUM → Consolidation. Which way will the distribution go?BINANCE:ETHUSDT.P has moved into a consolidation phase after the distribution phase. Focus on the 2414-2725 range. A retest of support is possible during the current phase. Despite the bullish trend, there are risks of a reversal... ETH has been a fairly unprofitable project over the past few years, with the price hitting one bottom after another. While Bitcoin and altcoins were flying high, ETH has only shown itself to be a bull in the last few days. In the current phase, the focus is on the consolidation boundaries, as well as the 2550 level. If the bulls keep the market above 2550, then the coin could strengthen to 2725, which would be a positive sign for us that buyers are interested in continued growth. If ETH continues its correction towards support at 2414, then we will need to monitor the market's reaction to this level. I remain skeptical about ETH due to its weak long-term performance despite a strong fundamental backdrop. Resistance levels: 2550, 2725 Support levels: 2414, 2260 Further movement will determine the price's exit from consolidation: a breakdown of support means a fall, a breakout of resistance means growth. But the current scenario is trading within the range. If ETH trades near 2725 and forms a pre-breakout consolidation, then we will have a chance for growth. The opposite scenario is if the price falls below 2550 and begins to test 2414. In this case, sticking to the support level and numerous retests will indicate that the bull market has exhausted its strength and we can expect a correction to 2260-2065. Best regards, R. Linda!
Long
by RLinda
4
GOLD → One step away from a bullish trend reversalFX:XAUUSD is emerging from the local corrective channel “flag.” Pre-breakdown consolidation relative to the base of the reversal pattern continues. All eyes are on 3200... Gold is losing ground amid trade optimism and a strong dollar. The price is falling at the start of Wednesday as traders take profits after a rise from weekly lows. Weaker-than-expected US inflation has not justified expectations, but the Fed's refusal to cut rates soon is weighing on the metal. Optimism surrounding new trade agreements between the US and China, the UK, and other countries, as well as hopes for peace talks between Russia and Ukraine, are reducing demand for gold as a safe-haven asset. Technically, the overall situation looks bearish. There is no deep pullback from support, which means pressure from sellers in the market. Consolidation is forming before an attempt to break through the 3200 level. Resistance levels: 3243, 3257, 3269 Support levels: 3222, 3200 If the price continues to consolidate in the current local range and continues to attack support at 3222-3200, then in the short and medium term, we can expect the decline to continue. However, knowing the tricks of MM, the price may form a short squeeze relative to local resistance zones before falling further. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
34
NZDJPY → Countertrend correction and false breakoutFX:NZDJPY is testing resistance within a global downtrend. The currency pair is not yet ready to continue its growth and is forming a local reversal pattern. Within the global downtrend, the currency pair is forming a countertrend correction and testing resistance at 87.400. The liquidity pool formed above this level is not yet ready to let the price move further. Without the possibility of continuing growth, the price returns to the range and forms a false breakout of resistance. However, since we are in the range and the price has returned inside it, if the bears hold the line (the upper limit of the trading range) at 87.400, this could trigger a further decline, thereby continuing the global downtrend. Resistance levels: 87.400 Support levels: 86.5, 85.26 Consolidation of the price below 87.400 will confirm that the price is not yet ready to continue the trend. The falling dollar index is provoking a rise in the Japanese yen, which may also put pressure on the currency pair. Best regards, R. Linda!
Short
by RLinda
9