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...
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...
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...
I usually don't buy meme coins, but every now and then, I find one I really like. That's the case with Coq. Yesterday, the coin held up well at support, and today, it's quickly back to resistance, which looks good technically. But remember, it's still a meme coin. If you're thinking about buying, be aware that you could lose all your money.
In mid-December of last year, NASDAQ:TSLA broke above the falling trend line. At that point, I predicted a continuation upward to the next resistance level at 300. However, after initially rising to 263, the price began to reverse and what initially appeared to be a resumption of the upward trend turned out to be a major false break. In January, despite...
Two weeks ago, I mentioned the possibility of a significant correction for PEPPERSTONE:NAS100 , suggesting that the index could drop to as low as the 16k zone. As always, navigating uncharted territories, particularly at all-time highs (ATHs), presents challenges in determining price levels and timing trades. However, I now have a reference point, which is...
As a seasoned trader, I often approach predictions with caution and realism, relying on technical analysis and common sense to guide my decisions. However, in the realm of cryptocurrency, particularly Bitcoin, recent price movements have sparked a sense of speculation and wonder. Could we be on the brink of a "black swan" event, characterized by an unprecedented...
Similar to Gold, Silver also began the year poorly. After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook. However, unlike gold, silver has lagged behind in its performance since the start of the year. In my opinion, this gap will be filled, and...
Last week was quite eventful for $BITSTAMP:BTCUSD. After breaking out of the two-week-long rectangle consolidation, the price surged, increasing by $10,000 in just a few days, or more notably, around 20%. However, after reaching a local high on Thursday, the price began consolidating recent gains and is adjusting to the $60,000 mark. The positive aspect for...
As discussed in yesterday's video, OANDA:XAUUSD demonstrates strong bullishness on both the weekly and daily charts. However, following the substantial 450-pip rise on Friday, a correction may follow. A perfect scenario would involve this correction leading to a retest of the 2060 zone, which was formerly a broken resistance level. Nevertheless, upon...
After a particularly frustrating week marked by the OANDA:XAUUSD price fluctuating within a tight range of around 100 pips, the price finally broke above the 2040 resistance level. At this juncture, bulls have taken control and are likely to maintain dominance as long as the price remains above yesterday's low. The initial target for this upward movement is the...
Yesterday, OANDA:XAUUSD was relatively quiet, fluctuating within the familiar range of 2020-2030. At the time of writing, the price is hovering near a support level, prompting my earlier decision to close my buy trade with minimal losses. However, the crucial question remains: What should we expect next from the price of Gold? In the short term, a glance at...
My recent target of 3k for BITSTAMP:ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs. However, as in the...
After breaking above the 45k resistance, BITSTAMP:BTCUSD soared, reaching a high of 53k. If we calculate the recent leg up started after the ETF's release, the rise is around 30% in just a month or so, which is significant, even for BTC. Technically, the trend is still strongly upward, and as we can see from the chart, after reaching 50k for the first time in...
Two days ago, I mentioned my expectation of a significant correction in BITSTAMP:BTCUSD , and I am considering selling in the 54,500-55,000 zone. While my view on a strong correction in the medium term remains unchanged, the short-term outlook remains strongly bullish. Upon examining the short-term chart, it's evident that Bitcoin is well supported by bulls...
With the crypto market on a strong run since October of last year and with many dreamers hoping for 100x or even 1000x returns, we must be extremely cautious of scammers. In this article, I will explain one of the most common types of scams: Rug Pulls. The term "rug pull" in the cryptocurrency industry refers to the moment when the founding team abruptly...
In my post from yesterday, I mentioned the possibility of a correction in the price of $OANDA:XAUUSD. However, this correction should be viewed as a favorable opportunity to buy at more advantageous prices. As anticipated, this correction did occur, and as depicted in the chart provided, once the price briefly dipped below the local support, it reversed...
Since mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December. This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high. Over the past month and a half, bears have sold every...