Welcome to a new day in the cryptocurrency market, where BTCUSDT once again has the trading community buzzing with its latest stunt. Today, Bitcoin continued its downward journey, breaking through the ascending trendline, marking a notable development. The appearance of the 'cup and handle' pattern in a short period of time is not only an attractive performance...
As I mentioned in the previous analysis, BTCUSDT is currently in a recovery phase with a corrective trend, receiving support at 65,500. However, overcoming the $70,000 resistance seems challenging and remains the target. I still strongly believe in the downtrend. Once the current support level is broken, there will be nothing to stop BTCUSDT from falling further....
The British Pound achieved a solid gain against the US Dollar on Wednesday, bouncing back from a seven-week low of 1.2539 on Tuesday. Remarks from Federal Reserve officials, coupled with weaker-than-expected US services sector data, posed a challenge for the US Dollar. This resulted in the Dollar's decline for the second consecutive day, thereby contributing to...
Hello dear friends! Currently, EUR has bounced back after it regained its previously broken resistance at the 1.0800 mark with the price now hovering around 1.084 marking a 0.05% gain on the day . Furthermore, the USD index sell-off triggered by weaker-than-expected US ISM Services PMI data in March, coupled with comments from Fed Chairman Powell, strengthened...
Hello dear friends, let's explore GBP after yesterday's big fluctuations! Regarding the developments and results of the news on November 1: GBP/USD is trading above the 1.2650 level early on Thursday, finding support from the broadly depressed US Dollar. Mixed US data, dovish Fed commentary and upbeat market mood continue to act as a drag on the US Dollar ahead...
Today's trading strategy for BTCUSDT leans towards a short-term sell as the pair continues its decline, currently trading at $65,200 and losing 1.12% on the day. The chart suggests a favorable outlook for sellers, marked by a breakout from the declining price pattern on the left side of the chart and BTCUSDT's trading position below both the EMA 34 and EMA 89,...
Gold, a timeless safe asset, once again affirms its appeal in the current market context, especially when the XAUUSD price has reached a notable milestone at the 2302 USD threshold. In a volatile environment, this is not just a sign of a small correction but also evidence that optimism in the gold market is high. On the opposite side of the picture, we see the US...
Welcome back to today's XAUUSD discussion! Currently, XAUUSD continues its bullish streak at high levels with resistance at $2302, marking a 0.35% decline on the day. Accordingly, on the analytical chart, the upward momentum is still strongly supported with the rising channel not being violated, and is stronger when the USD is weaker, which is a catalyst to push...
Hello dear friends, another trading week has ended. Recap the past week's trades with me and discuss our new strategy! As I mentioned in last week's analysis, ETHUSDT is currently in a corrective recovery phase, receiving support at $3200. However, overcoming the 3500 resistance seems challenging and remains the target. Currently, ETHUSDT has paused at 3224$...
Hello dear friends, are you wondering about the trend of BTCUSD? Today BTCUSD is trading around $66,520 and has continued to decline on the 1W chart since it set a potential peak at $73,831. BTCUSD is currently facing the Bitcoin Halving risk event (with the prospect of a halving to be announced). For this reason, it would not be surprising if the market is...
Welcome to the dynamic world of the currency market! Today, let's explore together the secret behind the fluctuations of the USD/JPY currency pair, a hot topic that everyone wants to know. Over the past few weeks, USD/JPY has performed a calm dance around the 151.500 region. This is not only a step to rest after a period of continuous climbing from the bottom in...
Welcome to a new day in the financial markets, where the story of GBPUSD has added another fascinating chapter. The British pound is rising strongly, despite headwinds as the USD received gentle selling pressure during the US trading session on Wednesday. Interestingly, there has been no major change in USD fundamentals, making this drop appear to be more of a...
Hello dear friends! Today, Gold Price touched $2300-2302 early Thursday and performed well in an ascending price channel on the 4-hour chart. Looking at the chart, it can be seen that the long-term uptrend of XAUUSD still shows no signs of weakening, especially when it still maintains its steady upward trajectory. XAUUSD is currently still consolidating at high...
Hello everyone, let's discuss and strategize with me! Just as my earlier prediction for all of us, the coin fell as expected, ETHUSDT maintained its previous downtrend and shows no signs of cooling down. Today, it continues to decline, currently hovering around $3,364, marking a significant 4% drop on the day. Volume is still decreasing, the H4 setup shows...
Hello traders Let's come up with today's strategy for BTCUSD! Today, BTCUSD continues to trade in a bearish correction within a bearish trend. Looking closely from the chart we can see that it has turned down in a recovery trend (indicated by the breakout circle on the 1h chart). In particular, the price quickly recovered, but was still limited within the...
SOLUSDT trading strategy Overall, the current trend favors the bears, SOLUSDT is currently trading at 182.08 and has lost 1.61% on the day. At the same time, a pattern is forming. Theoretically, the price will break this recovery trend and correct further. H1 setup shows in corrective recovery trend. At the same time, the price continues to stay below the EMA...
Hi everybody! Today, we are seeing BTCUSD maintain a stable level around 65,645 USD, not recording any prominent fluctuations. In this context, I still support the view of selling BTCUSDT, especially after it has left the sideways trend. Signals from EMA 34 further increase optimism that the market may lean towards sellers. So what do you think? Is this the time...
RalphBenjamin, hello everyone! As RalphBenjamin mentioned in last week's analysis, XAUUSD's outlook remains positive after the correction and recovery period, especially as it quickly bought back the dip and retested its all-time high ATH at 2270 USD mark yesterday. It is currently trading at a new high of $2282, after surpassing $2270, marking a strong $12 gain...