BTCUSDT is continuing its long-term upward trend. Cryptocurrency trading is becoming more explosive than ever, reaching a high of $38,000 at one point yesterday. According to technical analysis using the Elliott Wave Principle, the four previous waves have already formed, and wave 5, as indicated by the Fibonacci retracement, is expected to develop up to $40,000...
Hello smart and wealthy traders: On the 4-hour chart, a Elliott Wave pattern has formed with Novaria anticipating a price decline, as two support levels are expected to be broken, creating a further downward trend.
The GBPUSD behaves similarly to the USD EUR dollar during weekend trading. Currently, the price is trading at 1,222 and remains confined within a narrow discount channel. If the current support level at 1,220 is broken, this currency pair will likely continue its downward movement towards the previous support level at 1,212.
The EURUSD currency pair is currently seeking momentum to break through the resistance level at 1.07. However, it seems to be facing difficulties as the US Dollar remains strong, reaching near its highest level in a week on Thursday, in response to hawkish comments from some FOMC members. This has become the main factor putting pressure on the EUR/USD pair. The...
The price of gold is entering a phase of consolidation and trading within a narrow range around $1,950, continuing to weaken due to uncertainty about the Federal Reserve's future interest rate hike path. Furthermore, investors seem less concerned about further escalation in the Israel-Hamas conflict, which is another factor causing money to flow out of precious...
The USD/JPY is declining from the 151.00 level in Asian trading on Thursday, weakened by the recent weakness of the US dollar along with low interest rates from the US Treasury. The hawkish stance of the Bank of Japan provides some support for the Japanese Yen and acts as the main resistance for the USDJPY pair. The Fibonacci price decline indicates that the next...
In a new era, BTCUSDT is still emerging as a breath of fresh air. Experts worldwide are also supporting a long-term upward trend with this digital currency. According to renowned analyst @rektcapital, the target is set quite high at $46,330. On the chart, at the time of writing, the price of Bitcoin is $36,446 while BTC is trading sideways. This is a classic...