Good day there, Algorand has the potential to go up to form a lower high near the 0.2920 areas and drop to the low regions of 0.2223 and make a bullish pullback. The potential uptrend can reach 0.3838 to 0.4231 highs. The current daily bear candle, however, isn't clear. I used the Elliot Wave schematic for potential future resistance levels. Happy Trading, K.
Hello There, The price for EURUSD is neutral within an approximate range of 1.09866–1.09332. A high-low open and close above 1.10040 could signal a bullish continuation to challenge the 1.11 high. Conversely, if the price falls below 1.09199, that could signal a decrease in price to 1.08817 and even a drop further toward 1.08500–1.07500 zones. Happy Trading, goodbye K.
Good day, The XRPUSDT price has the potential to drop to 0.5953–0.5872 and turn bullish up to 0.6339 with a bias of 0.6530. If the price breaks the resistance at the 0.63 level that sustains the bearish momentum in the 30-minute time frame, then that will invalidate the setup. The current potential dip is a minor retracement to 4-hourly bullish momentum. Happy...
Good day, The price is trending bearish for SOLUSDT in the 30-minute time frame and from the 3-hour time frame to the daily. The price is hovering bullish above the 181.57 mark but is being pushed bearish by the 3-hourly candle, so there needs to be clarity there. Overall, the trend is bearish towards 164.65 with a bias towards 157.34. Happy Trading, K.
Hello There The second current red candle opened higher to the low of the previous candle in the secondary demand zone, fairly above the 0.618 bull retracement. This is when the price reached a high of 0.20637 to a turncoat of 0.15346 against the low of 0.12022. So there needs to be a bullish close above the secondary candle for a potential price increase. Be...
Hello There, EURUSD is bullish from the support low of 1.09359 and is testing a resistance level of 1.09492 following an ABC sequence. 1,09394 and 1.09492 are levels of interest for a bearish continuation, and the bias is 1.09197. *The two current bearish candles aren't clear yet. Happy Trading K.
Hello There, Gold has the potential to reverse above 2163 for a potential pullback near 2167 and all for a bias of 2157. High-risk setup due to bullish pressure in the H3 time frame. The price is neutral at the Daily time frame. Happy Trading K.
Hey there! Let's dive into the price action of CJ. It spiked to a high of 111.367 in the weekly timeframe, currently holding above the 109.827 low in the daily timeframe. This low might drive the price up to 110.596 in the 3-hourly timeframe, hinting at a potential bearish reversal ahead as we approach the supply zone. *Given the bearish trend in higher...
Hello there, AUDUSD is bearish at the H2 time frame, and the current candle at (C) is weak but not definite at this time due to the strength of the 4-hourly candle-close right now. So the current candle is bullish, but not the ideal bullish momentum we want. Therefore, we want to see a bearish break in the (C). Overall, the idea is that if the price goes above...
The price is bearish to the 4-hourly candle, and 18.9 is a potential bullish zone. The price also has the potential to reach the 18.80 area if bearish pressure in the 19.2 range is strong enough to drop down following what appears to be an ABC pattern. Overall, the price retraces, but we do not have a strong bearish confirmation until we see a strong lower high...
Hi there, Fundamentals : The South African rand was stable in early trading as investors awaited the release of producer price inflation data and the central bank's rate decision. The rand had strengthened the previous day after consumer inflation fell for a second consecutive month. However, analysts believe that this is unlikely to affect interest rates for...
Hi there, DXY entered a demand zone with a range of 100 to 102, and we might see a pullback in the demand zone before moving higher." The price movement did not form any clear pattern valid for our ABC analysis. The 123 formation is an adaptation of the Wolfe Wave pattern, where point 2 leads to a potential trajectory towards point 3 if there is a higher low....
Hi there, EURGBP is touching a supply area in the 0.856 area range sustained by the 0.85641 high. Therefore, the current bullish candle isn't clear, and the price might drop due to pending news. Expecting a drop nearing the 0.85200–0.85121 for a pullback targeting the 0.86200 for a bias of 0.86708. If the price breaks below 0.84940, then the setup will be...
Hello There! The daily candle is bullish to the previous close of the candle, and it's a higher low than its third, which is the March 1st '24 candle, indicating a bullish sign. And the 1-hour candle is bullish to the close of the 4-hour candle, with a potential dip. The bull momentum is anticipated for a full day's range, approximately 14 hours to this time,...
Hello there, The current candle is bullish for approximately 1h.15 minutes from its open to the 4-hourly candle kept by the 2035.164 high. So we want the price to remain below that high. The price movement is bearish from the resistance level, and we hope to see a bearish pullback soon. Meaning 2024.14 is significant, it's a preferable area of bearish interest...
Hello there! The price has reached exhaustion for the HL of (B) to the break of (A) high for the lower low at the 1038 region, marking the point of interest to the lower low (poi-ll), a resitance level to the current candle, which is level 3018.61. So, the price could pulse up into the supply zone or simply drop from this current candle due to the resistance...
Hi there, This was a very unclear price movement. A lot of pressure is in the (B) high, which is 107.08, but as long as the current price doesn't breach the 116.62 area, we should expect to see an overall bearish sentiment. We have waves within waves leading to Zone 1 and Zone 2, with two potential directional biases. But for now, the direction favors bears as...
Hi there, GN looks bearish but is over a low support zone denoted as (A). At this level, the price is currently neutral. The price could go up to form a (B) high, but there is no way for me to know where that B-high might be, but on schematics, it will potentially be near the 2.06. The significant area is 2.04073; there needs to be a lower high that breaks (A),...