Gold presented an excellent opportunity for traders today, with the market favoring the bears. Despite this short-term bearish momentum, the long-term pattern for gold remains bullish when considering the broader fundamentals. Notably, gold has recently created an all-time high (ATH), which further strengthens its bullish outlook in the long run. Currently, gold...
I'm analyzing the weekly chart of USOIL and spotting a potential reversal. If it manages to hold above this level, we could witness a strong bullish momentum, pushing oil towards the $77 level. I’ve kept the chart simple for easy analysis of the current situation. If you like the idea, give it a boost! Note: These analyses are based on technical analysis only.
With token unlocking in 2 days, AVAX's overall structure remains bearish, and the market’s current illiquidity makes it unlikely to absorb the gap. This setup could present a prime opportunity to consider a short position.
The chart is looking exceptionally promising for a spot trader like me—perfect for a long position from this key level. The market is bouncing off and showing strong reversal momentum, and I’m feeling optimistic about FTM. My targets might seem a bit ambitious, but the technicals on this chart seem to back up my enthusiasm. It’s an excellent chance to fill your...
Well, here we are again with gold! Sorry, folks, but the gold chart keeps popping up on my screen, and it’s just too tempting to ignore. So, I figured, why not share my insights? As a trader, it’s important to keep those technical analysis skills sharp, so here we go—I’m eyeing a short position from this point. The resistance isn’t the strongest, but it’s holding...
In the smaller timeframe, DOT/USDT is currently navigating a downtrend channel. Despite this, my long-term outlook remains bullish on DOT. However, if you're considering a short trade, this could be a prime opportunity. Look for a reversal at the resistance level before entering a short position. The market's current behavior suggests that a short trade at this...
I’ve spotted a sweet trade in GOLD. The market’s hitting a strong resistance level, and I’m seeing signs of a reversal—perfect for a short trade. While gold’s overall trend is up, I’m a trader at heart and can’t pass up a great opportunity. I’ll keep you guys updated on my crypto portfolio and share chart updates along the way. In the meantime, I’m diving into new...