AS we can see gold respect this 50MA for long time and now after huge rise that was expected :
we may receive correction now and retest breakout of 1740 that was strong support zone and then once again try to break 50MA and continue to rise
we had false...
as we can see near strong daily and weekly resistance GBPJPY is forming reversal pattern and maybe here this strong rise end and some correction or more range arrived
green lines and targets we are looking for :
if the falling and correction started we may reach 142.35 that was strong daily resistance zone and now is...
AS we can see and is obvious I try to separate previous corrections after reaching ATH .
and lets take look at it and see what is going on on daily charts .
Notice: each time that new ATH found we separate rise and correction with different colors
first wave that separated with red rectangles and is left chart :
new ATH(all time high) found on 21 Feb and price...
AS we can see market after this huge rise that had start to show some weakness usually when we miss to open short position on this kind of situation we can set Fibonacci retracement level and start opening our short positions near 0.61 or 0.5 % of Fibonacci and the reason we are looking for these levels not 0.38 % is strength of bullish market that we had .
As we can see important resistance and support zones mentioned on chart with green and red lines and ...
for now we expect that this support zone around 0.5% once again pump price and green path to continue
if and BTC get bearish and DOGE face more correction and start to break last support zone around price 0.22 then we may expect more correction as you can...
AS we can see after correction that happened some how ADA is receiving strength once again and after breaking this local resistance that marked huge rise is expected for sure .
But for conformation of rise we need to break red rectangle and resistance zone that mentioned on chart beacuse that is needed for bullish market .
Else maybe even that green trendline...
Red and strong falling trendline is touching again and again soon we may expect breakout and huge rise after that is expected.
beacuse each time sellers are getting weaker and weaker .
As we talked about this support zone that is shown with green rectangle is 0.5% OF Fibonacci too and second green rectangle is 0.61% of Fibonacci and both are strong...
As we can valid trendlines are ahead and strong resistance zone .
first one that is touching right now is first pressure of sell or ... and we expect more correction here
second one is trendlines that touched previous ATH and current one and why we may expect touching that because we had creation of double bottom that is strong reversal pattern here and maybe and...
AS we can see we have two important and strong support zone ahead that it seems that the first one even touched .
and why strong support zone ?
1.dxy and usdchf for example had great amount of rise in previous weeks and it can continue after this needed correction and we are now on 0.5% of Fibonacci
2. 200Ma broke and it would be retest and rise is expected after...
Before starting lets take look at higher time frame and weakness :
As you can see important channel and support of Bitcoin broke and now after retesting that falling again is expected.
but for now this when we take look at 30Min time frame we can see that maybe...
AS we can see some important support zone formed on chart for gold and we can see continuation to upside from this area and are :
A. green trendline support that is around 1755 and price receive first support on this area that is channel lower-side too .
B. green line that is previous resistance that we expected to break and now after breakout this area is strong...
As we can see price receive strong support zone that formed here and we expect again rise or even once again pumping market from this support zone .
Why strong support zone :
1.correction was about 0.5% of previous rise and here we can see market get strength once again
2.20MA is touching and that is extra strength too
ok we talked about this fall that was expected on daily timeframe and we said that we will publish update if all targets reached :
now as was predicted 0.5% of Fibonacci that was strong support zone created some pump on chart but when we take look at...
all previous target reached :
and now we may expect some range or correction now here ,near this strong resistance that formed by trendline and looking for targets like :
A. 1.3750(+95 pip )
B. 1.3700(+140 pip)
market has the power to break...
As you can we have two strong resistance that mentioned on chart with red lines and one important thing here is this that these strong resistance match with Fibonacci level that we set .
So we expect more falling under condition of successful retest of broken trendline...
Simple and easy more rise is expected as we talked about it on previous analysis here is daily chart and full detailed one that what is going on and previous analysis is :
we may expect some range or even correction and retest breakout on red zone that is strong...
Ok lets take look at daily chart cause all targets of lower time frames reached :
1.Start of fall from ATH that was expected and we talked about reasons :
2.then after that market provide some range and start to rise again we talked about weakness and falling...
the whole market is facing correction and even more than that ,falling
and this was expected we shared about 6-7 analysis and short every major crypto and start warning and ...:
but for now what is next move for ADA ?
some range and rise for sure is...