OANDA:XAUUSD continues to correct, but at the moment there is nothing terrible, the price is directed to the support to retest the liquidity area. The continuation of the 1997 - 1964 consolidation on the gold market or the beginning of the correction may trigger the dollar, which most likely lost the influence of the NFP and is forming a pullback after the...
Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829! Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern. Along with the Bollinger Bands showing CLEAR signs of...
Hi folks today I'm prepared for you Bitcoin analytics. A few days ago, the price experienced a decline, reaching a crucial support zone that coincided with support 2. However, it quickly rebounded and entered a significant consolidation phase. Subsequently, the price surged to reach support 1, which also overlapped with another support zone and the upper boundary...
Bitcoin holds onto gains as a golden cross appears: Bitcoin (BTC) consolidated around $35k USD this week after its price action exhibited a “golden cross” on the daily BTC chart. Market observers have suggested that such price action could portend a continued upward trajectory for the leading crypto. Sam Bankman-Fried found guilty on all counts: Sam...
Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to support 2, which coincided with the support area, and soon broke this level and fell below this zone. Later BTC reached the trend line and started to rise near this line. Firstly price rose higher than support 2, thereby breaking it and then making a correction to the...
On October 2022 the pair broke out a massive double bottom. After that it consolidated for months to break out again. And now it came back to a important support zone. I think that double bottom still active and there is more gas in the tank. Great opportunity to pick it up here. It may consolidate a few more days to shoot up again, I don't know but I'm already...
OANDA:XAUUSD is breaking the price channel support. But actual, the price is still inside consolidation. The market calms down a bit after the strong excitement and goes into a state of waiting for news from the USA Metal price temporarily detached from DXY on the background of strong interest, capital inflow related to the crisis. Now the market is stopping...
There is currently a head and shoulders pattern on the Bitcoin hourly chart. This could possibly indicate a move to the downside soon, breaking the wedge that Bitcoin is currently in. Support would be around $31,500. Support on the Daily
It will followup for a day with selling Target 4300 Sl above 4450
GOLD updated its high on Friday to 2009 and is now forming a correction. Most likely the market may be interested in liquidity to the area of 1990-1980. The growth may continue. Prerequisites: 1) Strong trend stops, consolidation forms after the stop. There is no deep correction or fall and renewal of lows 2) Support retest is formed after updating highs 3) The...
Primary Chart: Weekly Candle Chart of ETH/USD with Competing Flag Scenarios Longer-Term Analysis BITSTAMP:ETHUSD has been largely in a trading range since making its low in June 2022. Yes, some of the moves within that range have been quite substantial. The move off the June 2022 low to the early August 2022 high was about +130.59% higher. The next leg...
Shiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits. Significant buy back at this level will most...
Not my favorite opportunity of the week but one that could be sneaky good because of the associated risk to reward ratio. The AUDUSD has been bouncing back and fourth in a period of consolidation for a while now with the most recent move being a retracement into a high volume level. We end last week with a very positive candlestick combination for the bears...
OANDA:XAUUSD continues to form a consolidation amid a global bullish trend that is linked to the geopolitical crisis in the Middle East. Pay attention to an interesting situation: the market is forming a large number of traps within the consolidation. This is the essence of this set-up. The market manager is trying in every possible way to gain the necessary...
Ethereum’s price has been violently breaking past resistance levels during the recent surge. However, for the long-term trend to be considered bullish, one obstacle still needs to be overcome. On the daily timeframe, the price has been steadily ascending since rebounding from the $1,550 support level and the lower boundary of the substantial descending channel....
GOLD is forming a false breakdown of resistance. Market sentiment is changing, but for the medium term, this hints us at a possible trap before further growth TA on the high timeframe: 1) A logical reaction to resistance is forming 2) Bullish trend 3) Favorable news to strengthen gold TA on the low timeframe: 1) A retest of 1984 resistance leads to the...
2 weeks chart. The resistance at 4.5 was broken with tons of volume, no is testing the support. Risk and reward is good in this trade and it can break up very quick. I already have a long position, I may add next week depends on price action in the daily timeframe. Take in consideration that this is a 2 weeks chart so plan accordingly.
OANDA:XAUUSD amid resistance retest confirms the significance of the strong level. The correction or consolidation continues. The price is heading towards 1964 The global trend is upward, the fundamentals are quite strong on the market amid conflicts in the middle east. The price, since the conflict started, is consolidating by 9% and 167 dollars, but the...