There has been a weekly downward trend line for BINANCE:XRPUSD ever since early 2021. Actually, it goes back to 2018, but for the sake of good visibility on this chart it goes back to only 2021. Zoom out of look on the monthly chart though to see that it goes back to 2018!
Note: You can check multiple price feeds too, not just Binance. For example, Bitstamp ...
There is a great BULLISH setup on the Gold Monthly chart. It's a long-term trading opportunity.
There has been a descending trend line which has been broke to the upside and re-tested. The market has bounced off this trend line with force.
A strong area of resistance has been re-tested many times. The price moved strongly above this area and is about to...
This is on the monthly chart and very reliable .
NAK is nearing a total breakout of a descending trendline in place since 2012. In confluence with this, NAK has been staying around it's floor price for months now. It looks ready to launch from this base.
TP #1 = 1.15 (should be easy to reach)
TP #2 = 2.50 (likely to be reached longer term)
SL =...
GBPUSD has fallen down to strong support on the daily TF near 1.2434
There is a prior horizontal resistance level which is now support. Also, price is at trend line support which is likely to hold. There is a confluence of support at the current price level. So a move higher is very probable.
TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest...
The monthly chart on XAUUSD shows a great BULLISH setup.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high...
On the GBPUSD 4 Hour chart, there are multiple indications that there will be a bullish move soon.
1) There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level.
2) There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again.
3) Stochastic (default...
