GBPAUD has recently confirmed a bearish breakout on the highlighted support level. Although there has been a pullback towards the support, the overall trend remains bearish. As such, we can anticipate further downside movement towards the previously established lows around the 1.83 to 1.82 range. Traders should continue monitoring the price action for further...
On the daily timeframe, #ETHUSDT has been exhibiting a bullish trend, but recently experienced a bearish impulse. As a result, we anticipate a potential retracement towards the trend line that has formed. Additionally, on the hourly timeframe, there is a bearish flag pattern formation, which further strengthens the possibility of a bearish breakout and subsequent...
GBPJPY has recently displayed a robust bullish trend, characterized by a rising wedge pattern and a strong impulse wave. Within this pattern, we observe an ABC pattern formation, where the price is expected to undergo a bearish breakout followed by a correction or retracement to the downside. Traders and investors should be cautious and monitor the price action...
Crude oil has revisited the significant daily support level at $67. The price has previously shown a strong rebound by respecting this support. There is a possibility of a bullish reversal taking place, potentially forming a triple bottom pattern. However, it is important to consider the alternative scenario where the price maintains a bearish sentiment. In this...
Bitcoin has experienced a bearish sentiment following a short-term rally. By analyzing the weekly timeframe, we can observe that the price has already confirmed a significant breakout on the recent support. Furthermore, there is a potential for further downside momentum, possibly leading to a revisit of the trend line and key level formed on the weekly timeframe,...
Ethereum has returned to a significant support level, where a strong buyback was observed in the recent past, leading to a price increase. However, the recent gains have been completely erased due to the ongoing selloff, which can be attributed to the SEC lawsuit against Binance and Coinbase. With the price currently at the highlighted support level, there is a...
Bitcoin has experienced a significant decline, revisiting the same low that was previously tested during the SEC lawsuit concerns on platforms like Binance and Coinbase. The recent formation of a low on the hourly timeframe suggests the presence of an important support level. This support has previously resulted in a strong buyback, indicating the potential for...
Bharat Forge has formed a bullish double bottom pattern, indicating a potential trend reversal. The recent breakout above the key level confirms the bullish sentiment. This breakout suggests that the price may experience a significant upward movement, potentially resulting in a gain of around 10-11%. It is important to monitor the price action and look for further...
GameStop has entered an accumulation zone on the daily timeframe, indicating a period of consolidation and potential price reversal. To anticipate a bullish rally, confirmation of a breakout above this zone is necessary. Furthermore, there is a significant daily support level near the current market price, which has been preventing a downward break. Monitoring the...
XRP has formed a textbook cup and handle pattern on the daily timeframe, which is considered a strong bullish setup. However, in order to validate this pattern, we need to confirm a bullish breakout above the handle. Once this breakout occurs, we can anticipate a potential rally towards the next key level around $0.75.
AUDCHF has recently formed a double bottom pattern, and we have now witnessed a bullish breakout confirmation on the key level or neckline. This breakout indicates a potential upward movement in price. As a result, we expect the bullish momentum to continue, driving the price towards the recent high formed around 0.619.
BNB has indeed revisited the predicted support level, confirming the bearish breakout. This support level holds significant importance, as it has previously acted as a strong buyback zone for BNB. Additionally, there is an identifiable trend line connecting the higher lows, which is currently serving as a support level for the price. These factors suggest that the...
Starbucks is exhibiting a robust support level on the daily timeframe. The price has shown a bullish sentiment by respecting this support level. As a result, we anticipate a bullish reversal and the formation of an upward trend. This bullish momentum could potentially drive the price to revisit the $107 level.
Bitcoin experienced a significant sell-off recently, but the market has since fully recovered. Currently, there is a breakout and subsequent pullback on the support level after the price exhibited a bearish breakout during the sell-off. The daily timeframe reveals a clear falling wedge pattern, indicating a strong support. We are now waiting for a confirmation of...
USDCAD has recently confirmed a bearish breakout from the bearish flag pattern. As a result, the expectation is for the price to retrace towards the support level established at the bottom. The strong momentum observed in the recent bearish trend supports this idea.
USDJPY has formed an inverse cup and handle pattern, with the completion of the handle pattern dependent on revisiting the key level. Once the revisit occurs, a confirmation of a bearish breakout is necessary to capture the ensuing bearish trend.
Adani Ports has displayed a robust bullish trend, characterized by higher highs and higher lows, leading to a recovery from the earlier sell-off. Currently, an expected pullback towards the support level is anticipated to accumulate more buying pressure before initiating another rally.
Tata Consultancy Services (TCS) has recently experienced a breakout from its previous trend and is expected to retest a lower level at the highlighted support. The bearish momentum observed in the past few days has confirmed the anticipated bearish breakout. It is important to observe the price reaction at the highlighted zone following the retest from the support...