Market Analysis: The S&P 500 (SPX) is currently exhibiting a Cup & Handle pattern, a classic technical analysis pattern often associated with potential bullish reversals. However, there are indications of a slowdown in the pattern formation, suggesting that the completion of the pattern may take some time. Key Observations: Bull Trap Warning: There is a...
In continuation of our recent analysis , we meticulously conducted a comprehensive examination of BITSTAMP:BTCUSD price action. Employing a multifaceted approach, we synthesized various data inputs and discerned nuanced market conditions. Our analysis delved into the historical 4-hour timeframe, specifically referencing November 4th, 2015. It is essential...
The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction. Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal. Caution is...
Current Market Phase: As we navigate through BITSTAMP:BTCUSD pairs first phase reminiscent of October 2015, our focus is on achieving the crucial milestone of Target #1, positioned around the $128,000 mark. It is imperative to recognize that this level serves as a pivotal juncture in the trajectory of the current market cycle. Successfully reaching Target #1...
Monthly Liquidity Level (MLL) : BTCUSD is currently approaching a critical Monthly Liquidity level at 39965, historically significant for its role as support or resistance. Anticipated Increase : An expected 5.6% surge within one candle is predicted. This surge is considered a precursor to the initiation of a long-awaited Bull Cycle. Long-Term Target: The...
The current analysis of BTCUSD suggests a discernible momentum shift, indicating potential trading opportunities. Our proprietary indicator, Cristallu ( w.aritas.io ), reinforces this observation, recommending entry points at 37,700-37,800. This strategic entry is accompanied by a Take Profit (TP) target at 40,500 and a Stop Loss (SL) set at 0.23% of 37,800. It's...
The current outlook for AUDUSD reveals a compelling narrative of bullish consolidation in the short term. As outlined in the provided chart, the pair exhibits patterns indicative of a bullish stance, suggesting a period of strategic accumulation. Technical Indicators: Candlestick Patterns: Noteworthy bullish candlestick patterns, as illustrated, underline...
Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical...
FX:EURUSD has been navigating sideways since January amid economic challenges, rising interest rates, and Western economic uncertainties. Approaching yearly resistance at 1.10806, a rebound towards 1.05335 support is expected. By the end of the first financial quarter, a breakthrough of yearly resistance is anticipated, solidifying new support. This...
Massive Bullish Momentum Building: $Bitcoin (BTC) is currently exhibiting a substantial bullish momentum on larger time frames, reflecting a growing investor sentiment favoring upward price movement. Bullish Pennant Formation: A conspicuous bullish pennant structure has emerged, indicating a potential continuation of the upward trend. This pattern often precedes...
Our probability indicator has observed Long Term BOS (Break-of-Structure) on Daily TF. Essentially what that means is that we closing in on bearish cycle for XETR:CON and new bullish leg is forming for longterm continuation of new bullish cycle. We expect further bearish correction to 68.30 - 64.80 zone ( Current Inverse H&S pattern support zone ) where...
Our indicator observing upcoming strong bullish momentum for FX_IDC:TRYUSD pair upcoming week should produce stable bottom support and new fractal sequence.
We expect PPI Data release by FED today to impact Crypto market and produce short term retraction to 28.900 zone where the main Bullish market bottom support would be formed. PHASE 1 : We shall see formation of double bottom pattern around 28.900 zone observable in larger timeframes (6HR and above). PHASE 2 : We expect market to reach strong...
We expect #Bitcoin to take bullish turn after upcoming Inflation Rate announcement. Our Probability Indicator observing completion of Bearish Reversal pattern on 1D Timeframe and indicates another leg into bullish pattern continuation.
Current Financial Conditions and Federal Reserve Interested Rates provides new path for COINBASE:BTCUSD to excel to new higher highs. We Expect Sharp Bullish Momentum to current Resistance around 28,700 after completion of H&S pattern unfolding in 2HR TF Once Resistance is broken we expect new high to be attained between July 2 - July 4
We see a lot of turbulence in commodities market lately as we approach Q3 of Financial Battle. However after Powell's US Federal Reserve testimony we expect sharp retraction to [ commodities market for short period of time, which in turn would provide relevant change in OANDA:XAUUSD Trend Momentum and set pace for OANDA:XAUUSD Bullish Market in early Q3
We see the narrowing of probability bands and crossing towards green zone in upcoming 2 weeks we expect the begining of new LONG cycle which is expected to last for 3 months
We are still in very bearish momentum for short term until we solidify last support @26,333 and begin to look for breakout @ 28k mark where next major resistance is @ 37,600k where we expect slight correction and continuation of the Long-Term pattern to 48k