Gold broke and closed above the ATH level yesterday. Retesting the broken structure today, the price started to consolidate within a horizontal range on a 4H. Bullish breakout of the resistance of the range is one more strong bullish confirmation. We can expect a further growth now at least to 2185 ❤️Please, support my work with like, thank you!❤️
FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are...
BINANCE:KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954. On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to...
FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The...
BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance. A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the...
BINANCE:AGLDUSDT is forming quite an interesting set-up that can realize a growth potential of 30-60% in the short-medium term. On the high timeframe we see the formation of resistance at 1.404 and a sufficient number of retests of this area. In general, altcoins are strengthening quite strongly following the flagship, but AGLD is lagging behind, and the...
Crude Oil is trading in a bullish trend. The price retraced to a solid vertical trend line on a daily. After its test, I spotted a confirmed bullish breakout of a resistance line of a falling channel on an hourly time frame. I think that bullish rally may resume soon. Goals: 78.0 / 80.6 ❤️Please, support my work with like, thank you!❤️
CANSLIM trading principle sells when price goes out of channel, to high above 8EMA natural tendency to return to "earth". 😄😆
SOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.
Hello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: Starting in 2018 Nvidia stock has been trading in an obvious rising channel formation. We had the last retest in August of 2018 which was then followed by a +650% rally towards the upside. Considering that Nvidia is now approaching the upper resistance of the...
I drew this parallel channel in an attempt to get some kind of clue as to when the mighty Nvidia might finally see a serious correction or trend reversal. It uses the mid line to show points of trend bounces. There is also the current channel which could intersect with the upper boundary of the main channel soon. Note that this is just a sketch. There are not...
Hey traders, Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market. Channel Cracked: USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level. RSI Bouncing Back...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it declined to support level, which coincided with support area. After this, XAU tried to rise, but when it reached resistance line, it bounced and declined lower than $2015 level, breaking it. Also, Gold...
The EURCAD pair had been consistently increasing within a rising parallel channel for the past three weeks. However, it recently hit a crucial daily resistance level and began to face strong selling pressure. As a result, the price broke below the support of the channel, indicating a potential bearish trend continuation. The next support levels to watch for are...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to fall from the seller zone, which coincided with the 1.0890 current support level, and in a short time, EUR fell lower this level, breaking it. After this, the price turned around and later entered to triangle, where the EUR...
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then...
Analysis Overview: In recent weeks, XAUUSD has been caught in a sideways consolidation, leaving traders pondering its next major move. However, a recent uptick in price action hints at a significant development. The question now is whether this surge represents the final leg of our Wave B or if the momentum will carry the price further up, potentially breaking...
Been hearing lots of good things about NEAR so finally pulled t up on a chart and I can see in the short term it is currently breaking upwards from a descending channel which looks much more like a bull flag on higher timeframes, as well as an inverse head and shoulder pattern. I have illustrated both measured move targets here on the chart; The purple dotted line...