BINANCE:BTCUSD breaks through the 69K mark, grows by 8% and hits a strong resistance zone. There is a high probability of forming a false breakdown before further correction, as there are reasons to weaken the price a bit before further growth. The flagship of the cryptocurrency market updates the high at 73794. Technically, 69K is starting to sell off...
Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market...
FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150 Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side...
ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy...
FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout. Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the...
Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after...
Hello everyone, let's look at the 1H BTC to USDT chart, because we can see how the price has left the local downtrend channel, and it is important that it maintains the current level to continue to grow. Let's start by setting goals for the near future that we can take into account, first the important resistance zone from $68,550 to $69,629, and then the target...
FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background. The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session...
Attention Traders! 🚨 We're keeping a close watch on USDJPY for a potential selling opportunity within the 150.30-150.60 zone. 🎯 USDJPY in a correction phase, approaching the retrace area near 150.30-150.60 #TradingAlert #usdjpy #technicalanalysis
Hello everyone, let's take a look at the 30M BTC to USDT chart as we can see that the price has attempted to break out of the downtrend line with the upper hand. Let's start by setting goals for the near future that we can include: TP1 = $68246 TP2 = $69,303 AND TP3 = $70968 Now let's move on to the stop-loss in case of further market declines: SL1 = $66,644 SL2...
Attention Traders! 🚨 We're keeping a close watch on XAUUSD for a potential selling opportunity within the 2145-2146 ZONE. 🎯 GOLD is currently in a downtrend, having recently broken out. 1ST SUPPORT: 2128 2nd support : 2098 #TradingAlert #GOLD #technicalanalysis
🔎 Fundamental analysis (📈 Bullish) The Ethereum team completed the Cancun-Deneb ("Dencun") upgrade after switching to proof-of-stake (PoS) 18 months ago. Shortly, this upgrade changed how data is stored on Ethereum, making it significantly more accessible and also cheaper to record layer 2 transactions. 👨🏻💻 Technical analysis (📈 Bullish) On a daily timeframe,...
1. Trend: Bullish to sideays 2. Set up: Reversal 3. RR: 1:5 to all the way to 10R 4. Stop loss: 2 SL can be followed, aggressive with 4.3% or easy room to avoid volatility.
In the time frame D1, it is moving in a medium-term ascending channel. Due to reaching the supply zone that is breaking, it can continue to climb after the pullback to the next supply zone. In the lower time frame with 2.64 support and in the daily time frame with 2.34 support, it will be able to reach the specified targets. In the future, if the behavior and...
The stock has taken good support at fibonacci retracement levels. A close above 85 would be a safe entry to buy with swing high being the first target. ADX also supports the view Entry - Above 85 Stop Loss - 77 Target - 118
Attention Traders! 📈 Keep an eye on USDCHF next week for a potential buying opportunity around the 0.8820-0.8790 zone. 🚀 USDCHF is in an uptrend and has recently broken out. We are undergoing a correction phase, approaching the retrace area near the 0.8820-0.8790 support and resistance zone. #TradingAlert #USDCHF #TechnicalAnalysis
Hello everyone, let's look at the 1Hinterval, ETH to USDT chart as we can see that the price has started to move in the local downtrend channel. Let's start by determining the support for the near future that we can take into account and here you can see how the price remains at the support zone from $3,647 to $3,539, then the level of $3,392 is visible, and...
You can see the start of a bullish trend using the daily fibo retracement ! Need to be monitored and confirmed by a daily closing out of the red area. You can try a symetrical projection until 1.5 usd which which is clearly reasonnable until the first expected correction until the second barrel ! Be carreful and limit your exposure to leverage. It's not a...