The price hit the target level, but at first it went up before falling downward. BINANCE:BTCUSDT is still in the consolidation zone on the daily timeframe. The market is heading towards the support level, which is the fourth approach to the support level. I think that in order to see a real bullish move, the price has to go below the 60000 key level. It is...
On the 1H tiemframe, BINANCE:MATICUSDT broke and closed below the support level that became the resistance zone. The price is rolling back from the border of the channel. On a broader view, the market is a consolidation zone, and the market did not test the bottom of it. I think the market might continue moving downward since the overall trend is bearish on the...
OANDA:XAUUSD market made a notable decline over the week, but it has now rebounded from the key support level at 2300. It's probable that we might see further consolidation because any market cannot move straight up for a long time; it moves in ebbs and flows. This consolidation will likely involve the typical sideways movement and market noise of the gold...
BINANCE:ETHUSDT made a false breakout of the resistance at 3300. It failed to set new higher highs. Overall, the market is bearish on the 4H timeframe. I think the market will break through the upward channel, then move downward to the key level at 3000. The price action created an equal low, and it potentially might retest the lows or even go lower. I expect the...
The price perfectly fulfilled my last idea. It hit the target. The market made a pullback into the range zone after resistance level rejection. OANDA:XAUUSD failed to move higher and pushed back. I think the market may retest the resistance and channel border, then go down to recent support levels, breaking through the key level at 2300. The market formed two...
The market is pulling back to the resistance zone. FX:GBPAUD bounced off the resistance by forming impulse movement before. The market overall is in the range zone. Even though it broke and closed above the downward channel. I think it might go down to test support if the resistance rejects the price again. It might create a long-tailed bar at the resistance and...
The price perfectly fulfilled my previous idea. The market literally went down and hit the target level. FX:EURUSD is heading toward the strong resistance zone between 1.07300 and 1.07600. If the price rejects the resistance, then we can expect the price to move to a to a lower level. However, if the market breaks through the resistance zone, we expect the price...
The price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT market has been making lower lows and lower closes. Recently, it broke through the support level at 63000. I think the market might push down the support level at 61000 because, on the daily timeframe, we have a long-tailed bar indicating a liquidity grab. I think the market may...
The price perfectly fulfills my last idea. It hit the target. FX:EURCAD broke through the range zone, and it pulled back to it after testing the support. Price action made impulse moves down from resistance, where a swap zone was formed. The market trend is bearish; therefore, I expect the price to continue to move lower toward support from resistance, which is...
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BINANCE:AVAXUSDT made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new, strong bullish move. Price action broke through the key level at 35.00. I think it might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the daily timeframe, we have bearish...
The price of BINANCE:XRPUSDT is making lower lows and lower closes. The market made a pullback from the support and retested the resistance level at 0.5300. The price basically made a fake breakout of the level, which indicates that bulls are not willing to buy at those prices. I think the market might move towards lower support levels because, on the 4H...
FX:EURUSD moved higher after breaking a previous daily high. It is heading towards the next key resistance, where we had an impulse movement two weeks ago. The price will most likely bounce off the resistance if we get a rejection candle, which will indicate a liquidity grab above the PDH. Generally, the market is at the 50% retracement level of the massive...
BINANCE:BTCUSDT market overall is moving sideways. On the dialy timeframe, the market formed an engulding candle. I think the market might push down to these support levels. The support zone at 60000 and 61000 has held price for a long time. I think the market may move lower because, if you look at the price action, you can see that the market is pulling back,...
The market plunged to a key level at 2300. OANDA:XAUUSD is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it...
OANDA:XAUUSD took liquidity below the weakly low. On the daily timeframe, the price formed an inside price action pattern. As we can see, the market rejected the support level by creating a long-tailed bar. Since we have upcoming news today, there is a chance that the price may pull back. I think the market might keep moving upward, approaching the resistance...
The market is clearly in a bearish trend. FX:EURAUD fell from the resistance zone and broke through the range zone as well. The price has been updating lower lows. Note that it broke the key level at 1.64000. And I think the market might form a small pullback and continue moving downward. As I always say, the consolidation/range zones act as support and...
The price perfectly fulfilled my previous idea. The market went up and hit the target level. BINANCE:SHIBUSDT formed a range zone, then broke through it downside. Overall, the price updated higher highs and higher lows on the 1H timeframe. The price is pulling back to support levels, which is the swap zone. I think the market might move upward if it pulls back...