Mihai_Iacob

Mihai_Iacob

In my analysis of BITSTAMP:BTCUSD from March 17th, I pondered whether Bitcoin's bullish trend should cause concern for its bulls. I concluded that there was nothing to worry about and highlighted the importance of the 62k zone, suggesting that buying within that zone would be advantageous. As anticipated, the price reversed precisely from that zone and even...

Mihai_Iacob

In my Monday analysis, I emphasized that as long as the price of OANDA:XAUUSD remains above 2150, its bullish momentum persists, potentially leading to another test of 2.2k. True to this forecast, the price adhered to the pattern, briefly dipping during Monday's session, only to retest the 2.2k mark again yesterday. Currently, the price stands at 2190,...

Mihai_Iacob

In my previous post on FX:EURUSD , I mentioned that the pair likely peaked in the 1.1 zone, and rallies above 1.09 should be sold. As anticipated, the pair declined following another attempt to rise above 1.09, and it is currently trading at 1.0818. I maintain my belief that further downside is probable, with 1.07 remaining my target. Therefore, my strategy...

Mihai_Iacob

Last week, after establishing a solid foundation in the 2150 zone, OANDA:XAUUSD experienced a rapid ascent, reaching a new all-time high at 2222. However, profit-taking ensued, causing the price to retreat below 2200. Despite a 700-pip drop, the overall structure remains bullish above 2150. Consequently, my strategy entails buying dips in anticipation of a...

Mihai_Iacob

Today, we delve into the revolutionary world of Partisia Blockchain, touted as the most advanced zero-knowledge blockchain technology. Partisia stands at the forefront of trust, transparency, privacy, and lightning-fast finalization. At its core, Partisia aims to establish a Web 3.0 infrastructure devoid of a single point of trust. Leveraging secure multi-party...

Mihai_Iacob Updated 

In my previous analysis of BITSTAMP:BTCUSD , I expressed my expectation for Bitcoin to reach a new all-time high, which indeed occurred as the price broke above 70k and sustained that level for several days. However, following a brief test around 74k, the price began to decline and fell back below 70k. Now, a crucial question emerges: Is this a change in the...

Mihai_Iacob Updated 

In my previous analysis of FX:EURUSD , I mentioned that once the pair breaks and stabilizes above the 1.08 zone, we could expect a rise toward 1.1. Indeed, that scenario played out, and after reaching a high near that zone, EURUSD began to correct. Currently, the pair is trading near an old resistance, which has now turned into support. Typically, we would...

Mihai_Iacob

Filecoin is one of the coins that I anticipate will perform very well in the coming months. Like the entire cryptocurrency market, BINANCE:FILUSDT began a bullish trend at the end of October. However, at the start of this year, the coin entered a correction phase, experiencing a drop from above 8 to under 5. In mid-February, a new upward trend began, and the...

Mihai_Iacob

In my Friday post, I mentioned that I'm cautiously bearish on OANDA:XAUUSD , highlighting the possibility of a descending triangle forming. Indeed, the price once again failed to break above the descending trendline and closed the day just above the horizontal support of the triangle. Today, as the market opens and the Asian session begins, we observe a break...

Mihai_Iacob Updated 

In my post from yesterday, I mentioned that OANDA:XAUUSD might undergo a new corrective phase, potentially falling towards 2140. Indeed, after briefly testing the waters around 2170, the price dropped back to the 2150 support level and then rebounded. As indicated in the title, my current sentiment is bearish, and I anticipate a break below 2150. However, it's...

Mihai_Iacob

As anticipated, following Friday's NFP report and a new all-time high nearing 2200, OANDA:XAUUSD has entered a correction phase, with the initial downward movement reaching a low of 2150. Yesterday, the price rebounded from that level, reaching a high of 2180, but is currently retracing. Given the robust and swift appreciation of Gold's price, we may witness...

Mihai_Iacob

Two days ago, following a very timid attempt at an all-time high, Bitcoin experienced a sharp and rapid drop to 60k. However, bulls regained control, and after some volatility within this range, the price stabilized between 65k and 67.5k. A closer look at the short-term chart reveals that pressure is mounting for an upward breakout, and this time, I anticipate a...

Mihai_Iacob

As I anticipated and drew attention to two weeks ago, FX:USDJPY peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level. At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell...

Mihai_Iacob

As you may know, I've been extremely bullish on OANDA:XAUUSD and have been anticipating this move to an all-time high since the $2,000 mark. However, at this juncture, the upward movement appears to be significantly overextended. Following the break above $2040, we've witnessed a near-vertical ascent, now entering the fifth consecutive day of gains. It's...

Mihai_Iacob Updated 

As usual, BITSTAMP:ETHUSD tends to catch up with BITSTAMP:BTCUSD initially, as its price lags behind. However, after the leader experiences significant upward movements, Ethereum follows suit and often surpasses those gains. Technically, the price has been confined within a long upward accumulation channel. Once this channel was breached, the price...

Mihai_Iacob Updated 

Last week was relatively quiet for TVC:DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break. The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to...

Mihai_Iacob Updated 

The EUR/USD, like the entire forex market, has been notably quiet in recent days, with prices fluctuating within a very narrow range. However, it seems that bullish momentum is building among EUR traders in preparation for a breakthrough. As outlined in a previous analysis, the drop to 1.07 back in mid-February resembles the bottom at 1.0450 and potentially...

Mihai_Iacob

Yesterday, BITSTAMP:BTCUSD briefly hit a new all-time high for about a second. Following this much-anticipated event, the price sharply declined to the 60K zone. From a technical standpoint, both the long-term and short-term bullish aggressive trends remain intact. However, we should anticipate extreme volatility and significant fluctuations. Buying...