NOT FINANCIAL ADVICE TL;DR #XRP Symmetrical Triangle, bull target $0.65, bear target $0.42 BINANCE:XRPUSDT has been trading in a symmetrical triangle for over 1 month. Well respected support trendline, with 4 clear touches. Ascending triangle on the RSI, watch it because a break of the support or resistance trendlines there might be a leading signal of a...
BINANCE:BTCUSDT 4H Analysis NOT FINANCIAL ADVICE TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k. We have a lot of confluence: On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up We are seeing some...
The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows,...
🔍Yesterday, Bitcoin formed a strong bullish candle on the daily time frame, highlighting the importance of considering all scenarios to avoid being caught off guard by market movements. One of our scenarios suggested that a false breakdown of support could lead to an upward move. This indeed happened, with Bitcoin not only rising but also breaking through the...
Nifty opens with positive note but bears took the market to low of the day which is 22054 with almost -160 points, into last one hour’s bulls were trying to stretch their arms and took nifty to high of the day which is 22432 level with almost up by 203 points (+0.92%). Nifty has formed bullish candle with long lower shadow which indicates participants were buying...
The bullish activity is evident when you take a look at the descending RSI on this daily timeframe, while the price is moving up. This is a huge divergence and I expect the breakout to be massive The curved pattern in green is where I expect the breakout to occur, which it is very close to.
🔍Today is a crucial day for altcoins, as they have reached significant support levels. The market exhibits clear signs of buyer weakness, with selling volumes substantially outpacing buying volumes. Given these conditions, short positions are more favorable. The focus of today's analysis is Ethereum (ETH), the leading asset in the DeFi space that continues to...
Sterling ended the week a touch lower versus the US dollar, down -0.2% and snapping a two-week bullish phase. As we enter the second full week of May, the GBP/USD currency pair will be monitored closely ahead of Tuesday’s employment and wage data out of the UK, with technical studies indicating a bearish move could be on the table. Long-Term Picture Price...
🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today. 📚While I haven't conducted an in-depth study on the IOTA project yet, it...
Here I have EUR/USD on the Daily Chart! This Spring of 2024 we can see Price of EUR/USD has kind of been "trapped" where you can see the Highs in March begin to follow a subtle Falling Resistance from the Local Resistance Zone, then CONFIRMED by the test of said trendline early April and NOW early May where we see Price has come to rest just below our Falling...
🔍Since the previous analysis, the market has exhibited a sideways movement, indicating a period of consolidation. Amidst this, the spotlight falls on Ray Token (RAY), a project garnering attention for its innovative approach within the decentralized exchange (DEX) space, operating on the Solana blockchain. 🔄In the 4-hour timeframe, we find ourselves within a...
Control changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431. Technicals Favouring Buyers Last week’s move was (technically) aided by support on the daily timeframe coming in from $2,280, a level which the Research Team were watching...
🔍As Bitcoin experienced a notable downturn today, catching many traders unaware, it's imperative to reassess market conditions and identify potential trading opportunities. In this analysis, we'll delve into the intricacies of Binance Coin (BNB) and explore various factors shaping its price action. 💎Binance, being one of the most reputable digital currency...
🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market...
📊 Script: OIL 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services Key highlights: 💡⚡ 📈 Script is trading near at its resistance level which is 645. 📈 Script should give closing above 645 level so that we can see good rally. 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving crossover. 📈 Right now...
🔍As we approach the ceiling of the trading range, it's time to pause and assess the decisions of the major players in the market. Understanding the dynamics between buyers and sellers, we aim to determine whether to take a long or short position. Today, we delve into the analysis of DOT, a coin that, like many others, is currently grappling with the resistance...
🔍Let's delve into today's analysis. Weekly candlesticks closed yesterday, revealing compelling entry points for some altcoins. Even Bitcoin displayed a robust candle, indicative of buyer strength. Given the current market dynamics, it seems logical to consider adding Bitcoin to our portfolios. However, after thorough research, I've identified an altcoin that...
Here I have EUR/GBP on the 4 Hr Chart! Ever since its visit at the Support Zone @ ( .8534 - .8528 ), Price has been steadily making Higher Highs and Higher Lows with the most significant High in the Price Action being Friday's High reaching the Resistance Zone @ ( .8586 - .8581 ) on the release of LOWER than expected NFP numbers for USD ( 175K Actual - 238K...