Most momentum indicators( RSI , MACD , e.g.) show bullish divergence on the 1H timeframe.
SFP(swing failure pattern) worked out.
The price moves in a descending channel . There is the accumulation process under the channel's midline.
I expect an upward movement in the coming days.
In the chart shown, you can find all the key levels and resistance zones,...
All because of the situation with one of the largest developers in China - China Evergrande Group, which found itself on the verge of default (debt size ~ $ 300 billion).
The possible bankruptcy of the company will hurt not only the Chinese economy (remember Lehman Brothers).
Deposits in Chinese banks are about to $35 trillion, which is twice the size of the...
For the mid - term (1-3 months), I think the Bitcoin price will move in the descending channel . BTCUSD had reached the premium zone by Fibonacci for bears and felt impulsively by 20%. Following my global vision, which you can see in the previous publication, I assume a planned decline to 39-40K in the short term(till 1 month). Then there will probably be some...
We are observing a long-term trend of the depreciation of the Turkish currency. According to the Trend-Based Fib Extension, the 161.8% level is a good resistance and a target for the bulls. At the moment, USDTRY is pressing its ATH and consolidating under it.
I expect an impulse breakout and a continuation of the uptrend.
Best regards EXCAVO
Let's start with the fact I started making forecasts on TradingView a long time ago. Quite quickly (in a year and a half), I became the TOP-1 in the TradingView authors' ranking. This rating was removed in yearly 2021. They promised to do something more interesting. We've been waiting for a half year. The details are in this...
Apple has announced a presentation date.
Apple will showcase the next generation of iPhones and other gadgets at its traditional September launch on September 14th.
This year is expected to show four new iPhone 13 models, third-generation AirPods, updated iPad and iPad mini, and the announcement of the Apple Watch Series 7.
Most likely, the event will also...
As I said earlier, the following global scenario is played out:
Speaking locally, I said that we will break through 50k and all stop losses and liquidations were there. Therefore, we have grown to 52.7k:
We saw a drop yesterday.
Bella Protocol is a Beijing-based decentralized finance (DeFi) project. Bella Protocol is building different DeFi products, including 1-Click savings account, lending protocol and automated yield farming tool, to increase DeFi user base.
Rank #436 by Coinmarketcap !!
Marketcap 86M !! - small cap
Traded on binance futures
Resistance level 2.77
Unlike gold, it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry.
Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's...
Silver moves in the $22-30 price range. There is a supply and demand zone. We formed the falling wedge pattern. Shortly, I expect an upward trend towards the middle level of the price range.
Best regards, EXCAVO
Chart Patterns Wave Analysis BTCUSDT BTC Bitcoin (Cryptocurrency) xbt excavo bitcoincom
Based on our community questions , everyone is interested in when to open a short position. As I said in May, the short positions - fuel for growth. Now there is no exception. Remember that the big candles in both up and down are due to the liquidation of futures...
The maturation cycle has four stages of an asset’s life.
Stage 1: Basing Area (Consolidation)
S1 is when nothing noteworthy is happening. It can last for an extended period, from months to years, and is caused by a poor overall market environment.
Stage 2: Advancing Phase (Accumulation)
The transition from S1 to S2 may begin with little or no warning. There are...
Universal Market Access (UMA) - A fast, flexible, and secure way to create synthetic assets
UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create...
CADJPY is in an uptrend and has formed a reversal pattern - Head and Shoulders. The minimum target is 38.2% Fibonacci level and trend line. In case of a breakdown of the support line, the next target is the 50% level.
Best regards, EXCAVO
COVID cases continue to spike higher darkening economic reopening. The consumer data shockingly has collapsed recently - including consumer confidence last Friday and retail sales. Several stocks have also stopped reacting positively to good earnings. The inflation reports remain hot, and Federal Reserve taper talk is everywhere.
Technically, the NASDAQ index...