BINANCE:BTCUSD is forming a good potential and prerequisites for further growth. The key resistance is the level of 44350, and the price continues to actively test this area. On the high timeframe we see the formation of a global range. The potential target from the point of view of technical analysis at the moment is the upper boundary of the range 65K -...
FX:GBPUSD is forging a correction within the local range after a retest of trend resistance. Most likely, a "flag" pattern is forming, which implies further trend continuation. On D1 we see that the price is overcoming the downside resistance and consolidating above the key support at 1.26525. The next year may start with the strengthening of the pound...
➡️Bitcoin is currently situated within an ascending channel, forming an ascending triangle pattern. Notably, it has demonstrated a historical uptrend with approximately 20% gains in similar past patterns. Presently, BTC is supported by 50 EMA in 12H, complemented by dynamic support at 42,150 and static support at 41,760. Short-term price targets are anticipated...
Hello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my chart analysis: Since August of 2019 Microsoft stock has been creating a bullish triangle continuation pattern. Recently we saw a breakout above the strong $350 resistance level after which I do expect a retest of the previous structure level and then more bullish continuation...
Price is consolidation in what it appears to be an ascending triangle. I think it needs some more work to do but I opened a long position bc you never know with penny stocks. They can just blow up in hours so I don't want miss it.
BINANCE:THETAUSDT is forming another resistance retest and in fact it can be considered an attempt to change the bearish trend. The chance of success is quite high as several key patterns are forming. On the high timeframe, the coin finds a clear bottom and the triple touch pattern confirms the area. But the price still has a long way to go for a trend...
LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _...
FOREXCOM:XAUUSD strengthened quite actively last week. The price is retesting the resistance at 2069.8 formed in August 2020. There are reasons for further growth, but also reasons for further pullback. Let's see On D1 we can see that in the frame of distributive movement the price tests the resistance 2069.8 and forms a false breakdown, which activates a...
BINANCE:XRPUSDT is underperforming across the board, although fundamentals, are relatively positive. The coin is forming a consolidation. What should we expect from this situation? XRP is forming a weak, but still bullish trend. On the chart, we see the formation of a sideways movement within a symmetrical triangle. Consolidation inside the ascending price...
FOREXCOM:XAUUSD is breaking through resistances. Yesterday the US GDP was released, which showed weaker data than the market expected and this is favorable for the gold price. In part we were prepared for it. The TVC:DXY is breaking the pattern and retesting key support. High odds are high that the decline and weakening of the index will continue. Hence,...
In the one-hour period, in a short-term upward trend, it is probably building an upward angle pattern, which can continue the growth with the failure of the swing up to the middle range, and a pullback and a higher floor up to the ceiling of the channel and the supply area can continue the growth.
XLMUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Hello Traders ! On Friday 15 Dec, The EURUSD Price Reached a Support Level (1.08888 - 1.08727) The Price Formed an Ascending Triangle Pattern. Currently, The Resistance Level is Broken. So, I Predict a Bullish Move📈. ----------- TARGET: 1.09800🎯
Ethereum COINBASE:ETHUSD is forming a conglomeration of bullish patterns amid a strong uptrend that continues to show chic preconditions for further growth. On W1, the price forms a retest of the resistance of the uptrend range. The price successfully fixes above the strongest support zone 2041 and in fact the bulls define for themselves the lower boundary...
It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant.... ideally we want to see the old resistance turn into new support, I do not expect that to happen. A re-test of the upward sloping support of the pattern is like to occur.
Hello Traders, welcome to today's analysis of Gold. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle. DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the triangle or cup and handle...
FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The...