The 15-minute chart for XAUUSD is showing a clear pattern of resistance. After two unsuccessful attempts to break through the key zone, the third attempt appears to be faltering as well. This could indicate that we're on the brink of a sharp decline as selling pressure intensifies.
The Bitcoin weekly chart exhibits a pattern of three significant upswings, each nearing a 90% increase, followed by roughly 20% corrections after the first and second legs. As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K. Given this historical pattern and the cyclic nature of Bitcoin's price...
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.
The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum. This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone. Traders should watch these levels closely for signs of continued bearish movement.
Bitcoin's price movement appears to have completed its second leg up, and the current pattern suggests a high likelihood of a correction phase. With this potential pullback, BTC prices could retrace to test the previous support zone. Traders should monitor these levels closely, as they could offer critical insights into Bitcoin's near-term directional bias.
Gold's price movement is nearing the completion of another bullish leg, in the range of $45-$50. With this achievement, we might be on the cusp of a pullback and correction phase. It's a good time to manage your buy positions strategically and potentially leverage this cycle to secure more profits. Stay alert to the shifts in the market!
We approach every analysis with an open mind, acknowledging that while the higher timeframe suggests a potential fall, the current 15m chart for Bitcoin presents a compelling setup for a rise. Stay vigilant and watch this pattern unfold; there's opportunity in the swings!
Following its robust bullish rally, ADA has been ascending within a channel. However, the recent loss of crucial support zone could signal a potential decline, taking it to at least the lower boundary of the channel. Traders may want to keep an eye on this level for possible support and a rebound or a further break indicating continued downside.
🚀 The price of gold is surging past the $2000 resistance with decisive strength, reflecting solid buyer conviction. #XAUUSD typically exhibits a two-legged movement pattern. With the major leg on the weekly chart and minor leg on the daily chart now well-established, we're setting our sights on an ambitious $2300 target. 🎯 This bullish momentum is not merely a...
Looking for a coin with momentum during this bullish season? RNDR has soared past all resistance zones and is well-positioned for reaching new highs. This trend indicates strong buyer confidence and could signal continued upward movement. Keep an eye on RNDR—it could be the coin to watch!
Gold has been consolidating just beneath the uptrend line within the ascending channel, presenting a potential scalping opportunity for those looking to sell. However, it's important to approach this with caution;it's a riskier play, so managing your risk and position size wisely is crucial.
Understanding market cycles is key in financial trading, as showcased by our recent sell call on #XAUUSD. After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum. This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's...
If you’re looking for my take on #XAI, I’ll keep it simple—consider getting in on it! The chart is showing robust bullish momentum, and it looks like we’re hovering near the lower bounds of the ascending channel. This setup could be a prime buying opportunity for those looking to capture gains from potential upward movements. Besides the technical outlook, #XAI...
These are three bullish legs with a 25% rise, and now the Bitcoin price had a good reaction to the last base/pivot. A strong rise with a weak fall can make us sure about a rise at least to the previous high.
Let's see what's going on in the USDJPY chart. Buyers couldn't push the price up in the last rise and the index hit the stops over the resistance zone. Now, it can fall to the previous important zones.
#BTC's price action reveals weakness in its recent uptrend, highlighted by smaller rising candles. Following what appears to be a fake breakout above the key resistance zone and reaching a new ATH, there's an increased likelihood of a significant pullback. This potential downturn calls for caution among traders. Keep a close watch on Bitcoin's next moves as the...
This recent spike to a new all-time high for #btc , followed by a rapid drop below SWB:69K , is quite the spectacle. Such volatility can often precede significant corrections. Stay alert!
Based on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the...