🔍Today, I'm analyzing AVAX, which is currently consolidating between the levels of $58.40 and $47.72 after an upward move. Presently, it's hovering around the support at $53.12, approximately the midpoint of the range. ⚡️Following a fakeout above $58.40, the trading volume has gradually decreased, indicating ongoing consolidation. 📉For short positions, the...
You can see how the price is based on the lower border of the channel, which may result in a reflection of the price, which is in the entry zone into a potential long, with a stop loss at $479. A potential confirmation may be a break above the purple downtrend line. The RSI shows a return to the local support line, and the STOCH indicator shows that we are...
FX:AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers. Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening...
Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are...
Hi everyone, PayPal's stock appears bullish. Earlier this year, in January leading into February, the daily indicators tested the weekly ones but were rejected, causing a price drop. Recently, however, the daily indicators have successfully breached the weekly ones, propelling the price towards a potential monthly test. The immediate target is set at $77. A...
Today I would like to introduce you to BYTE, it is a fairly new erc-20 token, among the top hodlers of this cryptocurrency we can find several addresses belonging to people well-known in the world, such as Justin Sun - the founder of the TRON network. I personally purchased this stock in December, a few days after the start of trading. Currently, the chart is...
Hi everyone, In my previous analyses, I anticipated a potential price drop that could form a double bottom pattern if GameStop earnings weren't great. Recently, GameStop's stock failed to surpass a crucial weekly indicator, leading to a sharp decline. Moving forward, if the stock rebounds, I'll be monitoring its response to the first resistance level; breaching...
At time W1, D1 is currently returning in the form of a three-wave movement after a corrective cycle. Therefore, in the range of the green box, after the failure of the swing, it can continue its growth with a pullback to the specified range, at least up to the range of 0.34, and then in the Fibonacci levels, which are areas with supply areas. 🟩Sup: 0.1587 -...
looks cheerful in 3d chart as it's in accumulation phase and obviously there is many attempt to breakout the 0.236 fib res. extermly bullish if get out from the accumulation. dont forget to support us with ur like comment and follow for more ideas,updates🎯
BINANCE:BTCUSD continues consolidation. The price of the flagship cryptocurrency confirms the formation of a range after a strong rally, at the same time the market seems quite strong :) The market does not allow the price to get close to the risk zones, indicating that there is strong buying interest and interested smart money. Zones of interest are local...
INTC in the past week trended up and reversed into a trend down which then went into a low volatility narrow range consolidation to finish out the week. I see INTC as being in the bottom of its recent trading range and ready to head higher inthe upcoming week. The RSI lines are in the area of 35-40 and the slope of the regression line is rapidly decreasing....
🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down. 📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted: The 38.2% level at about...
Hello everyone, let's look at the 4H ETH to USDT chart, as we can see, the price cannot break through the uptrend line, remaining in the downtrend. Let's start by setting goals for the near future that we can include: T1 = $3,705 T2 = $4098 and T3 = $4734 Now let's move on to the stop loss in case of further market declines: SL1 = $3,354 SL2 = $2,902 AND SL3 =...
📈 With the current price of Bitcoin at $68,700, the marked levels can be analyzed with respect to this price: 💸 $64,081.71: This level is now acting as a support level since the price is above it. It could be a recent swing low or an area that previously had significant trading activity. If the price were to retract, this level might be where buyers could step...
FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the...
Hello everyone, let's look at the 4H BNB to USDT chart, as we can see that the price is staying above the local downtrend line, but at the border of the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $589 Next, there is a strong resistance zone from $613 to $646. After going up, we may see a price increase towards...
Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality. The RSI indicator and the STOCH...
📈 Stock Update: GMR Infrastructure (GMR) 🚀 Exciting developments on the charts! 📊 GMR Infra seems to be exhibiting a classic rounding bottom pattern on the monthly chart. The recent breakthrough of resistance, accompanied by a gap up, adds a bullish twist to the narrative. 📈 Key Points: Pattern Recognition: Monthly chart showcases a promising rounding bottom...