The Dollar Index hit yesterday the 1day MA50 after it first started its long term downtrend and today the price reached the top of the Channel Down pattern. So far the price is reacting in the expected technical way, a rejection at the top. As long as it holds, it is a perfect sell entry. Expected target a -4.25% fall at 99.600. Follow us, like the idea and...
The US10Y is breaking above the first Falling Resistance after making a Double Bottom on the 1day MA200. Wait for the right level to sell this rally near the second Falling Resistance. Target the bottom of the Falling Wedge. Follow us, like the idea and leave a comment below!!
It is natural since the two are negatively correlated to see Bitcoin moving in the opposite direction of the DXY especially on the large timeframes. It is not a coincidence that when the DXY broke its Rising Support, Bitcoin followed with a break of its Falling Resistance. The DXY is leading the markets as it is absorbing the inflation news first. What we do see...
Bitgert broke today over the 1day MA200 for the first time since October 3rd, getting out of the Consolidation Zone. This is an important step to the 0.00000076 - 0.00000068 Resistance Zone. Beyond that, we can have higher hopes for BRISEUSD only if the Declining Resistance breaks, which will trigger a buy wave to 0.00000129 Resistance. Follow us, like the idea...
The Dogecoin is sustaining the uptrend of the past 30 days and is approaching the 0.1120. Being past the white demand Zone, which is the rising channel that captured all major buying opportunities since June, it can hit 0.1120 after one last 1day MA50 pull back. The slightest breach of 0.1120 sets in motion an immediate gap fill on the 0.1590 Resistance. Follow...
XAUUSD had an important bearish breach yesterday after it closed under the 4hour MA50 for the first time since December and it fell as low as to break even the bottom of the long term Channel Up. In typical denial fashion, the price rebounded immediately to test the 4hour MA50 as its Resistance for the market to see how many short term buyers are left. Under...
Yesterday EURUSD closed below the 4hour MA50 for the first time in almost 4 weeks and confirmed a short term bearish signal. Today it is making a classic counter trend rebound to re-test that level as its new Resistance and confirm the bearish pattern's strength. As long as it is under it, we are sellers with 1.07800 the short term target. On the medium-term we...
MATIC broke over the scalping range that dates back to July 18th. The only time it broke over it since then was on November 4th and it made a top at 1.310. As long as the price is over the range, 1.310 is our bullish target. Follow us, like the idea and leave a comment below!!
The index failed yet again to break and close above the bold white declining Resistance, which is effectively the Resistance that has marked all lower highs of the Bear Market. This is far from an ideal scenario for S&P500 buyers. The Support Zone right below already supported once last week and has been serving as either a Support or Resistance since May...
INJUSD the symbol of the Injective coin is rising parabolically and this is not the first time we see it on such a strong rise inside the accumulation pattern since May. Basically the Resistance levels are harmonic and we can see the pair getting rejected because of the 2.5050 harmonic Resistance. This RSI though is different that the parabola of August so this...
The pair's obvious pattern on the long run is a Channel Up. Inside this we've spotted an Inverted Head and Shoulders, whose Head to Right Shoulder is +3.70%. The price target on those patterns tend to be a proportional rise from the Right Shoulder. A new +3.70% extension places a target tag at 1.1300. If this is performed within the Channel Up then it could be...
Fierce battle on the XAUUSD market with Gold trading on a Rising Wedge short-term inside a Channel Up long-term. The price is firmly supported by the 4hour MA50 for exactly 30 days and this indicates a strong uptrend. You can scalp the Rising Wedge's range and add to your intra day profit. If broken upwards, the minimum rally this Channel Up has achieved on a...
Aptos is on another strong bullish 1D candle today after a 2 day pull-back. This is a parabolic rise that shows no sign of stopping yet as the 4hour MA50 is supporting this move since the start of the year. The three rises since the parabola started have been approximately +90%, +74% and +111%. As long as the 4hour MA50 holds, we expect a minimum of +74% rise,...
BTCUSD is in the process of forming a Cup and Handle pattern as for the 4th straight day is struggling to stay above the November 5th high. If we see a rejection, it may create the handle of the pattern. With the strong support zone in the 18.3k - 19k range, traders who missed this rally may have one last chance to enter. Next stop 25250. Follow us, like the...
The price of WTI Crude Oil is at a resistance Zone and top of the rising channel. Above 81.50 = long (TP 82.70). Below = short (TP 1hour MA50). Below 1hour MA100 = short (TP 77.15). Follow us, like the idea and leave a comment below!!
SPX is within a rising wedge structure that has been getting weaker on each high. The 1hour RSI has a pivot line though above which the trend remains bullish but below turns bearish. So far it is above and it is evident as the price is holding the wedge's bottom and is rebounding. 4040 the upper target if it holds. 3942, which is the first support, if it breaks...
The key level for Gold on the short term is the 1hour MA50. Above it buyers accumulate and will aim for the 1919.50 resistance to break the previous lower high. This keeps the trend bullish as it has been inside this month's bullish channel. Upper targets 1929 and 1940. Below the 1hour MA50 Gold will seek to break the bullish channel and after a long time test...
EURUSD is inside an Ascending Triangle and that keeps it neutral on the short term 4 hour chart. Above the resistance zone buying is limited to the long term rising channel. But below the Triangle there is a strong demand on the support zone around 1.0700. This is where the 4hour MA200 is headed. Follow us, like the idea and leave a comment below!!