Hello everyone! On H1 before, we can see a changing trend, followed by a strong selling phase, reaching a level of $63,122 at the time of writing. Speaking of breakthrough: The support level at $63,200 couldn't make the BTCUSDT market turn around, and the short-selling strategy continues to prevail recently. The technical downtrend seems to be gradually...
Hi everybody. Let's discuss the SHIBUSDT strategy for the new day! As expected, SHIBUSDT broke the support level marked on the hourly chart and turned it into a new resistance level that continued to hold the price, in a wave of corrections and sell-offs. It is expected that the technical down trend will likely continue. It is expected that this sharp decline...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hello dear traders! Overall, the downtrend of SHIBUSDT continues to develop, the support level on the rising price channel cannot make this coin turn around, but the downtrend continues to develop. The bullish structure is under threat, the market is having a sharp sell-off. Expecting continued selling following the market trend, I expect the 5 Elliott waves to...
Dear friends! These are RalphBenjamin's insights about the market at this time, let's discuss! On the weekly timeframe, the uptrend remains positive allowing long-term speculators to continue holding their positions. However, the resistance level at 2,400 USD continued to hold last week mainly because the demand for safe haven due to concerns about escalating...
Hi everybody! Breakout from the price increase channel has caused the product to drop in price impressively. It is currently trading at $143.63 and appears to be outpacing the bears entering the market as it not only successfully defended the breakout resistance but also sent the price plummeting 1.06% year to date. in. Overall, the bullish structure is under...
BINANCE:ETHUSDT COINBASE:ETHUSD 📈ETHUSDT Daily Long Setup📈 ⚡️long position with mid-risk status.⚡️ TP 1-2-3-4 and SL are on the chart. The Alternate scenario: If the price stabilize below the Bollinger midline, the setup will be cancelled ⚠️Don't forget to de-risk your positions.⚠️
Hi everybody! Recently, gold continues to maintain positive growth momentum in maintaining the 2300 USD level. Gold's rally is driven by many fundamental factors, including after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could reduce borrowing costs. It is expected that in the coming time, the uptrend will...
Hello dear traders! Overall, BTCUSDT continues to stabilize below the $65,000 resistance level without too much movement compared to yesterday's trading session. At the same time, a cup-with-handle pattern is gradually forming on the 1-hour chart, indicates that a short-term correction is imminent, expanding the reach of short-selling investors into this...
Hello friends! XAUUSD is forming a sideways range during the recovery phase with a corrective bias, receiving support from the $2290 level. It is currently trading around $2,325, marking a 0.43% gain on the day. Regarding impact news: The US Dollar (USD) encountered new supply and fluctuated near its lowest level in more than a week. This, coupled with a slight...
Hello dear traders! Today, BTCUSD continued to recover from last week's chaotic fluctuations. The price has remained stable within its trading channel and has shown an impressive recovery after approaching the lower boundary of the channel. At the same time, a bullish flag is gradually forming. Theoretically the price will quickly break the upper limit of the...
BINANCE:JTOUSDT has broken it's ascending trendline and formed a new Higher High. Currently, It's retracing towards fib 50-75% discounted levels where we can look for buying opportunities
Ralph Benjamin greets everyone! Currently, the price of gold is struggling to attract any meaningful buyers in the context of purchasing new USD. Betting that the Fed will maintain higher interest rates for a longer period of time in the face of challenging inflation will help revive the demand for USD, thereby allowing short sellers to expect some selling waves...
On day chart HBAR is pulling back to Fair Value Gap Wait for rejection Join to long Time will tell
futures have reclaimed some ground at the end of the trading week. i feel good about leaning buy towards the start of next week, as long as were holding a decent level according to this market structure/value area and volume range. this ai strategy shows that the price is supportive of extending its gains if we hold this momentum to the upside.
Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your...
Consider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the...
Chambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential...