XRP is in a local uptrend. There is no reason to be sure of a strong bullish move, the market is still dominated by bearish sentiment, but several bullish patterns are forming on the chart. An upward price channel, the price fell from resistance to support and formed a "triangle" pattern by its movement structure. The price is not allowed below 0.3871, below the...
AVAX shows the bulls attempt to overcome resistance. On the chart, the price is trying to break the trend, going into the long zone relative to the important risk zone. What's next? There is an important level of 12.97 on the chart, which is at the high volume density mark. The price overcame this zone earlier but now a technical pullback to the level is forming,...
Gold is rising 11.6% from the Triple Bottom pattern that was formed. Earlier I pointed to a pullback from resistance. The technical fall was stopped at 1730, after which the price returned to retest the 1775 zone and the bulls are overcoming the hurdle. As we saw, the price within the downtrend respected the boundaries of the downtrend price channel. The...
The current price of bitcoin is $16950. The 24-hour trading volume is $18 billion. CoinMarketCap is currently in first place with a live market capitalization of $356 billion, up from $358 billion yesterday. The flagship has a total stock of 21 million coins and a circulating stock of 19 million BTC coins Bitcoin has struggled to break up through the 17,065...
Gold has gained $188, or almost 12%, since the beginning of November. The price is tending to the resistance 1807 and also possibly to 1822 (Fibo 2.618), behind which there is a huge amount of liquidity. The energy of the strong growth continues to deplete and I expect a pullback in the near future. The trend is ascending, but at the same time the price is...
USDCAD is falling after the dollar index. I marked on the chart the important level of 1.35029, in comparison with which the price makes a false-break and forms the pattern "Head & Shoulders". The upward price channel can be broken, but only if the price breaks the support of the "H&S" pattern or the support of the price channel. The key level is 1.33874, against...
Price overcomes the triangle resistance in the scenario and forms a momentum of almost 1.5%. Gold is out of the range, breaking through the upper boundary of 1765 and testing the higher volume density zone of 1777-1773. Ahead is the 1784 level. from which I expect a pullback The price is heading towards resistance 1784, from which a technical pullback to the...
Gold is still in a range. A consolidation for a further breakout is forming. At the same time, a Triangle pattern is forming on the uptrend. There is a possibility that the growth will continue The price is trading under resistance 1765 and tends to retest, at the same time we see the formation of local downward resistance (the upper boundary of the triangle). If...
GBPJPY demonstrates the potential for strengthening of the Japanese Yen and weakening of the Pound. Earlier, the upward price channel was broken. The price fell to the support of 165.26. A "Downtrending Triangle" pattern is forming on the chart, which is interpreted as "sellers' pressure on the limit support level". Based on this, I expect a breakdown of the...
ETHUSD is sandwiched between the 1220-1171 zones. Loyal breakdowns on both sides and a return of the price to the retest of resistance. The key level for the price is 1220, further direction of movement depends on it We see the formation of downward resistance from the peak of the first correction in early November. The price has been testing this area many...
Bitcoin is up 8.3% from a two-year low. Bullish pattern, head and shoulders, pre-breakdown consolidation. What to expect in the future? Let's find out! At the same time, on the weekly chart the RSI forms a divergence, which may signal a preliminary long-term bullish signal. Stochastic on the monthly chart is at the bottom and crossing lines are forming....
Gold behaves predictably relative to my previous idea There is a rebound from the channel support and a continuation of the move in the range As we can see the price goes from the channel support to 1765, but again, the movement is not consolidated, the absence of pre-break consolidation around the level does not give the chance to expect the exit of the price...
GOLD from the opening of the session seeks to update the local highs. The price is in an ascending price channel and previously the support zone was tested. Gold does not roll back to the support zone on the retest, since the opening of the session the price is strengthening and at the time of writing the price is already 1758.69 I assume that gold is headed for...
GBPUSD is in an ascending range. The currency pair is clearly observing the upward support line. Formation of a pattern, which is interpreted as "continuation of the trend" The price pulls back from the high of 1.2153 and a "symmetrical triangle" is formed from the support line near the uptrend support area. I think that breakdown of the pattern resistance will...
Gold has been on a positive trend since early November and is recovering to a record high for the period (up 10%) to 1786.5 Last week there were rumors of further positive dynamics for gold in the fundamental sector. The daily chart The Super Guppy shows gold moving into a neutral phase. The market change to a dominant bullish rally may occur after the price...
DOGE on the downtrend forms a bullish "bearish wedge" set-up. The coin on the background of the market recovery has strengthened from the low of 18% and if resistance is broken, the growth can accelerate. The price forms a resistance retest and a struggle for the zone. After the formation of the consolidated price movement to the upper border of the range, it...
SHIBUSDT reacts to the cryptocurrency market background and forms a bullish momentum from the low of 22.10.22, which is almost 12% and as part of this movement, the price breaks the resistance of the descending triangle. Price forms a pullback to the previously broken boundary and the support zone of 0.00000886 for a possible retest. I expect price to be able to...
SOLUSD forms positive dynamics after a strong bearish decline correlated with the whole cryptocurrency market. During the week, the price recovered by 36%. A descending triangle is forming on the chart and after a false breakdown of the limit support level 12.38, the price tends to resistance. A pre-breakdown consolidation is forming, which clearly points us to...