FX:XAUUSD earlier returned to the range after a false breakdown of resistance. The market is now fading as it is in the waiting phase for Powell's speech as well as the rest of the inflation news. Traders are waiting for PPI ( ECONOMICS:USPPIMM ) today as well as tomorrow's CPI ( ECONOMICS:USIRYY ) . Earlier, the market discussed the interest rate cut as...
The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
FX:XAUUSD returns to the range after a false breakdown of the liquidity zone. A strong sell-off phase is forming and price is heading towards a key support and liquidity area. On local timeframes, reversal patterns cause price to test downside resistance and confirm its presence. False breakout provokes sell-offs towards 2328, this area is key for traders....
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
FX:EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trend Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
FET is in a strong uptrend, that is confirmed. Now the question is, how far can FET go in 2024? I would say a 15x profit is definitely possible. We can see that the price of FET is inside the ascending parallel channel on the weekly chart. Also, the previous impulse wave + corrective pattern are complete. This is huge guys, if you want a reliable investment, then...
The price of INJ is at the top of the parallel channel on the weekly chart. This is probably not the best time to buy INJ, I would wait a for a small pullback. Rather buy INJ in March / April and buy some other coins because INJ is going to go sideways. From the Elliott Wave perspective, we are waiting for the final wave (5). We are in wave (4). Let me know what...
First technical analysis. DUSK looks absolutely great! We have a pretty long bullish accumulation of whales, which you can see in the rectangular pattern. Usually, whales need to accumulate a lot of coins / contracts before they send a coin to the moon. What is positive is the Elliott Wave outlook. My EW count suggests that the WXYXZ complex correction has been...
ARPA is looking really good on the major timeframe. We have a breakout of the local small parallel channel and the volume last year was pretty strong. 25x is possible on this coin in 2024. Take profit at the top of the parallel channel or 1:1 FIB extension (LOG). It looks like the pump is starting, so it is time to buy if you are interested in this coin. Let me...
Neo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we...