is shown on a 4H chart here. It have added supply and demand zones showing resistance and support. Price rose before and during earnings topped and fell in a shallow retracment and then reversed again topping and has now trended down into a full retracement turning into a "M" pattern. I added the retracement tool. On a lower time frame, price formed a bear...
I invite you to a quick review of BTC. As you can see, the price is climbing along the local upward trend line. After deploying the trend based fib extension tool, there is significant resistance at $52,646, followed by strong resistance at $55,289. Looking the other way, you can see the support zone from $51,539 to $51,191, and then support at $49,425. On the...
Technical analysis COTI is starting something huge. The downtrend is over, as you can see on the chart. COTI ended the downtrend with a descending parallel channel. A retest of the channel has already happened, so there is no reason to go down anymore. It is always important to take a look at the volume indicator, and as we can see, the bullish volume is very...
Overview Microsoft ( NASDAQ:MSFT ) appears to be within an ascending channel and has reached the resistance line that coincides with the peak of an impulse wave (Wave 3). Utilizing the impulse waves within the channel, a price target of $395 seems probable and may provide a decent Puts trade. If the ascending channel provides textbook formation then a low of...
FOREXCOM:XAUUSD is leaving the range. It happened. Tuesday's news defines the medium-term outlook for the market and, amid selling pressure, the price reaches targets below 2000. Today we have no news, the fundamental background remains the same - negative for gold. The chart above clearly shows that the price is coming out of the consolidation phase and the...
BINANCE:BTCUSD confidently consolidates above 42K, thus forming an intermediate bottom, after which the price tests the currently important resistance 48234, but does not reach it and forms a rebound. Idea: BTCUSD → Consolidation after the rally. What's next? Earlier we discussed the importance of the 42K level, which was tested by the flagman for a long...
BINANCE:ETHUSD in the correction phase is testing the ascending support line, which divides the bullish trend into two planes. At the moment it is worth to pay attention to the level of high importance - 2300. This level was formed in the beginning of 2022 and has several confirmations, including the current consolidation, or rather the sawing of this area....
I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use the yellow line to determine the main upward trend line. However, using blue lines locally, it is worth marking the local upward trend channel in which the price is currently located. Moving on, we can move on to marking the resistance points. And here, after...
Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to determine the local upward trend line above which the price is firmly holding. Now we can move on to marking the resistance areas, for this purpose we will deploy the Trend Based Fib Extension tool,...
Hello everyone, I invite you to a quick review of ETH to USDT on a one-hour interval. As you can see, the price is moving above the local upward trend line. As we can see, when the recovery begins, we first see a support zone from $2,685 to $2,664, and then support at $2,604. Looking the other way, you can see how the price is struggling to enter the resistance...
ROKU trended up paradoxically from less than a fairly weak earnings report about November 1 '23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a retracement. Price is now forming a head and shoulders pattern having found that support. It is above the POC line on the evolving POC and high volume area. Based on the...
MAV is starting a parabolic phase, as you can see on the chart. The price hit an all-time high on Binance, and the resistance turned into a support. The previous ATH must hold for the continuation of the uptrend (0.5824). Where to take profit? 1.97 is the first strong resistance because it's the highest traded price on Binance. But we should go much higher than...
STORJ looks incredible. We can see that the price broke out of the falling wedge - bullish reversal pattern on the weekly chart. Always look at the volume indicator to confirm the validity of the breakout. If we take a look at the volume indicator, we can see that the bullish volume is overwhelming, which is very positive! What's more important is the Elliott wave...
XEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be...
PEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the...
Neo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we...
Gas pumped a lot, which you can see on the chart. Now we need to think about re-buying this coin for another profit. Where to buy GAS? We have an unfilled FVGAP that I have drawn on the chart; this is strong support. Also, we have the 0.786 FIB retracement. These levels are close to each other, so place your limit orders to buy gas here. Thank me later. We also...
FOREXCOM:XAUUSD , amid the decline we were waiting for, reaches the target of 2015 and forms a false breakout. But the only thing that is constant is the range. What should we expect from the price at this point? Pic: False break of trend line support The dollar stops again and goes into consolidation before another series of news. Today the market is...