Since August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support. NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times...
FX:GBPUSD has been declining since the opening of the session, the reason for this is the positive GDP data for the US market. As the flat continues, there is a high probability that the price will decline to the support at 1.2117 before we see growth On the senior timeframe we see an inverse correlation with the TVC:DXY . A false breakdown of the range...
GOLD is under bear market pressure. The sell-offs bring the price down to 1932 and form a consolidation. The market is building up for a further fall, and the correction may be quite protracted. Prerequisites for further fall: 1) there are no deep pullbacks after support retest 2) Consolidation is forming in the zone of local minimum. 3) Strong dollar negatively...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
OANDA:XAUUSD is forming a support retest and consolidation on Monday. In all likelihood the market is ready to continue its decline as the TVC:DXY is on the defensive and standing still for now. Yesterday we discussed with you the reasons why the market may still fall before rising further. Targets for the market have not yet been reached as the liquidity...
OANDA:XAUUSD is in correction phase and is testing the area of 1950, there is a possibility that the price could go even lower, but I am questioning the behavior of TVC:DXY , which is manipulating the market very actively. Gold is reacting to the behavior of the $ which is testing a previously broken level. Yesterday everyone was waiting for Powell's...
After a nice rally COINBASE:BTCUSD is currently consolidation around the 34k area. On the daily chart we can see a double top forming which could lead to a correction in the near future. In my opinion, a double-top + correction will be a good thing. If BTC can find support above the 32k support zone (previously an important resistance zone) the recent breakout...
OANDA:XAUUSD is forming a false break of the support of the range, in which the price has been trading for three weeks. NFP is no longer influencing the market and all traders are waiting for the Fed chief's speech. What to expect from the market? The TVC:DXY finally lost influence from the NFP, the strong news was short-lived as the growth was influenced...
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...