We have identified a bearish breakout on the support formed over the market sideways happened under an hourly timeframe, which looks promising for a downside momentum ahead.
SBUX Premarket Falls and here we expect a downside momentum towards the support highlighted.
Bitcoin has created a bearish breakout on this flag formed. More chances of seeing a downside momentum ahead.
GBPJPY created a flag that essentially requires a breakout confirmation to spot the next direction heading.
NAS100 Index 1 hour breakout identified. Expecting a further downside momentum here.
It appears that the SOLUSDT pair has encountered a significant resistance level, with substantial selling activity occurring around this marked zone. The price action seems to respect this particular resistance area. Moreover, there has been a breakout of the current bullish trend, which was formed after the initial rejection and failure to breach the...
NZDCHF has formed an accumulation pattern, indicating a potential bullish breakout at the resistance level. Traders are eagerly awaiting the possibility of a rally towards the upside, targeting the recent swing high observed in this currency pair.
GBPJPY has recently experienced a bearish breakout from the consolidation pattern. However, this breakout is perceived as a fake one, likely influenced by fundamental factors. As a result, we are currently waiting for a clear and definitive confirmation of the breakout to determine the next direction of the market.
CADCHF has recently formed a double bottom pattern, and for a bullish breakout to be confirmed, it needs to surpass a key level. This breakout is crucial to anticipate a continuation of the upward rally. Additionally, a significant buy back was observed at the major support level, indicating robust bullish activity at the bottom.
XMR is currently experiencing a sideways price action, with a notable strong resistance capping its price movement, preventing it from surpassing the $170 level on the daily timeframe. In light of this, we anticipate a downside momentum to act as a correction leg for the previous bullish trend. Simultaneously, we are closely observing for a potential bearish...
Currently, ETH is trading within a sideways market, and there hasn't been any confirmed breakout yet to determine its next direction. The price is confined within the range of $1980 and $1825, with these levels serving as crucial resistance and support points, respectively, effectively controlling its movement.
BTC has been experiencing a sideways trend for over a month now. However, this week, there was a breakout followed by a pullback, which resulted in the formation of daily support. Despite this development, the overall market structure and the previous price failures at the significant resistance level of FWB:31K lead us to anticipate a downside momentum going forward.
Under the hourly timeframe, NAS100 is currently displaying a robust bullish trend alongside a period of sideways price action. Traders are patiently observing the market for a clear confirmation of a breakout from this sideways pattern. Once confirmed, they will be able to determine the potential direction the price may take next.
The DXY (Dollar Index) recently experienced a false breakout below the daily support level. However, the price quickly reversed and re-entered the support area, signaling a potential accumulation of buying pressure. As a result, there has been a retracement back towards the buying zone. Anticipating a bullish scenario, we expect the DXY to rally upwards, targeting...
Disney has formed a bullish triangle pattern indicating a potential upward rally, with a clear confirmation of a breakout. The pattern is supported by a consistent and robust level at the bottom, where strong buying activity occurs whenever the price revisits this zone.
After consolidating for a period, PEPE's price has now broken below the support level. This breach suggests that there could be additional downward momentum in the near future, potentially leading towards the next support level. Additionally, on the 4-hour timeframe, there is a prominent double tops pattern observed over a strong resistance area. This pattern...
After confirming a bearish breakout on the trend line in both the hourly and daily timeframes, it's evident that a bearish price momentum has taken control. Furthermore, the recent price action has provided a strong confirmation of a bearish breakout on the support of a bearish flag that formed following a period of sideways movement. As a result, we anticipate...
Ethereum is moving on a bearish trend followed by a recent impulsive wave. Here we expect a revisit back towards the highlighted support zone.