Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards $70k. The 50MA is also acting as...
Hello wonderful friends of Ralph Benjamin! Regarding developments and results of EURUSD impact news: A resurgence of bearish sentiment on the US Dollar (USD) fueled a strong reaction in EUR/USD, pushing it to multi-day highs north of 1.0800 at the start of the week . Conclusion and new outlook for EURUSD: EUR/USD recovered the recent gains recorded in the...
Hello smart and wealthy traders! Selling activities to take profits and investors waiting for US inflation data caused the market to decline in the first session of the week. Closing the trading session on May 13, world spot gold price decreased by 24 USD to 2,335 USD. During the session, the price at times dropped close to 2,330 USD. Analysts believe that...
Dear traders! Exiting the discount channel has caused product prices to increase impressively. At the time of writing, the crypto market is trading below the next hurdle at $63,485. The uptrend is strong as it consolidates at high levels with steady trading activity on the 1-hour timeframe. By remaining at these high levels, it is likely that $62,000 will be...
Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
BTCUSDT UPDATE: BTCUSDT continues its downward slide from last week, currently hovering around the $60,000 mark within a well-established descending channel. There are no clear signs of a breakout yet, indicating a stable yet bearish trend. It is advisable to prioritize selling for today. Keep an eye on the price as it approaches either the upper or lower limits...
Donald Nguyen welcomes everyone! Let's summarize and strategize our new day! Gold price today touched 2356 USD and decreased 0.18% during the day. On impact news: Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. . It is expected that this week...
Hello dear traders! Currently, gold price (Xau/USD) is trading at 2,348 USD, equivalent to 12 USD compared to the beginning of the session. The main reason is comments from the Federal Reserve (Fed) and increasing speculation that the Fed may delay its easing plan, which has pushed up the greenback and pulled down gold prices. With lower USD. However, signs of...
Hello dear traders! Overall, ETHUSDT is gradually forming a promising potential uptrend triangle, it is currently stable in a narrow range around the 3200 USD - 29000 USD zone. Theoretically the price will break resistance and take further distribution supported by many technical factors. Clearly the market maker is gathering liquidity at the expense of the...
GREEN TrapZone is back and UMVD Picked the end of retrace perfectly. We have a bit of steep angle 4 but it just means UNTIL we break it - we have very strong momentum up. Angle 1 from the recent downtrend is close by, so it will be short term target, as loong as we have Green BARS and GREEN UMVD !
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
Hello all dear traders! Currently, GBPUSD advances to a 4-day high near 1.2560. But! At the same time, the rising wedge pattern is gradually forming. For this price model, it is likely that the price will fall deeper with the goal of finding the nearest support level. In such a case, it is likely that GBPUSD will fall to 1.2500 before growing further
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hello wonderful friends! On the previous H1, we saw the trend change, then the market entered a consolidation phase and reached 146.44. It is currently trading below resistance holding the price around the 148.00 area, but amid price compression and a gradual approach on growing volume sellers are less likely to hold the resistance zone. Personally, I still...
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming,...
POLYCAB Multiyear Breakout. Go Long. Retesting possible. Pls adhere to strict stop loss. 1st Target : 7000 2nd Target : 8000 Sl : 5755
BTCUSDT Trading Strategy: On H1, the price completely broke the trend channel and was completely below the resistance mark of 61,000 USD, showing that selling pressure from bears is strengthening. Accordingly, the price continues to be below the 2 exponential moving average technical signal from the EMA 34.89, which raises hopes of a sell-off. So, it wouldn't be...