Hello Traders ! Previously, The CADCHF Formed a Symmetrical Triangle. Currently, The Price Broke The Resistance Level (0.66700 - 0.66890). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move 📈 ----------- TARGET: 0.67380🎯
GBPUSD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
📊 Analysis: BTC Testing Resistance: BTC is testing the $71,800 - $73,800 resistance area over the past three days. Potential Rejection: If rejected, it could lead to a market-wide retracement. Support Levels: Key support levels at $65,000, $60,700, $57,000, and $53,000. 🚨 Risk Management: Tight Risk Management: It's crucial to manage risk tightly over the next...
Hello everyone, let's look at the 1H ETH to USDT chart, as we can see the price is approaching an attempt to break out of the triangle marked in yellow. Let's start by setting goals for the near future that we can include: T1 = $3,452 T2 = $3,576 T3 = $3,665 AND T4 = $3777 Now let's move on to the stop loss in case of further market declines: SL1 = $3,307 SL2 =...
As depicted in the chart, the EURGBP pair is within a long-term bearish channel and is nearing its upper boundary, where it may face downward pressure. Additionally, the price is currently trading at a significant resistance level that it failed to breach in its last attempt, suggesting a potential failure to break through again this time. If you've found...
Supply Zone: A supply zone occurs when the supply of a cryptocurrency exceeds the demand. In this area, there is excess supply, leading to a falling price. On a price chart, a supply zone is associated with a downtrend. Traders often place sell orders in supply zones, expecting prices to decline further. Imp : forming doji candles in weekly chart Interpreting Doji...
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🔍COMP is currently in a consolidation phase on the 4-hour timeframe, forming a sideways trading range. Considering the upward trend behind it, if the long trigger is activated, it would be favorable to open long positions with increased confidence. 📉For short positions, our risk trigger is at 85.37. Given the bullish nature of the market, I do not recommend...
🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential...
SQ is testing this downward resistance it's been stuck under since about May 2022. This is the fifth attempt at a breakout, so you have to wonder if it's finally time. Creating a bit of a cup and handle on the daily chart, and now comfortably above the 200 EMA. A high volume break or a red to green open should send this above resistance. Initial targets $90 and $100
Today's focus: XRP Pattern – Resistance Test Support – .5778 Resistance – .7265, .8200 Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRP daily. So far today, we are seeing weaker prices after XRP surged back above 70 cents. Buyers once again look to be stalling at key resistance, which has been in place since July 2023. Will...
📊 Analysis: Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run. Resistance Zone: Currently in the $2.50T - $2.67T area of resistance, and it's extremely overbought. BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go. Risk Management: Traders need to be...
ALGOUSDT is approaching a critical juncture, nearing a key resistance level of $0.2727 on the weekly chart. This analysis explores the potential for a breakout and the support levels to watch in case of a pullback. Technical Analysis: Resistance: $0.2727 (Weekly) Support: $0.2199 (Daily), $0.1594 (Monthly) Volume: Decent Buying Pressure Moving...
MINAUSDT is encountering a critical resistance level of $1.5484 on the weekly chart. This is the third attempt to break through this level in the daily timeframe. Technical Analysis: Resistance: $1.5484 (Weekly) Support: $1.0113 (Weekly) Relative Strength Index (RSI): Supported at 50, Bearish Divergence Key Observations: MINAUSDT is facing a...
GMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure. Technical Analysis: Resistance: $59.3517 (Weekly) Support: $40.1870 Volume: Increased buying pressure on recent touches...
Magic is on the cusp of a critical resistance level at $1.4973. While the price recently established a new high, a potential bearish signal is emerging from the Relative Strength Index (RSI). Technical Analysis: Resistance: $1.4973 Support: $1.2646 (Daily: $1.2613, Monthly: $1.0208) Relative Strength Index (RSI): Bearish Divergence (New price high,...
🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65...
NTRNUSDT is trading in descending channel and printing consistent LLs LHs. and it has also completed ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the buy momentum continues the next target could be 0.6270 What you guys think...