Join the discussion on SOLUSDT's strategy with me! Today, SOLUSDT continues its noticeable downtrend, maintaining its descent within a declining price channel, currently hovering around $181.21 with a loss of 2.77% for the day. Looking ahead, a short-term recovery could be on the horizon as it receives support at the current price level. Trading with the trend...
Let's dive into the intricacies of EURUSD today, shall we? Today, EURUSD remains unable to find its way back to a bullish path, with the price hovering around 1.0823, trapped in a downward trajectory without breaching the price channel. The dollar's incremental rise has kept the bullish momentum alive, elevating the USD Index (DXY) close to the 104.50 mark. As...
From a technical point of view, the upward trend of XAU/USD continues after surpassing the new peak of 2223 last week. This week, the price has exceeded the previous peak and established a new high at 2236. Based on analysis on the H4 and Daily timeframes, the EMA 39 is crossing above and gradually distancing itself from the EMA 89, indicating strong signs of an...
"Hello, astute traders! Let's delve into the dynamics of BTCUSDT today. After experiencing a slight dip, the price hovers around $69,700. A glance at the short-term technical analysis reveals a prevailing downward trend, making it a prime moment for those looking to capitalize on this movement. Short-term strategy: Consider selling on dips, targeting profits at...
Hello everyone, let's dive into the exciting world of BTCUSDT! As of now, BTCUSDT seems poised for further growth, bolstered by a 1.62% rise today, pushing its value to $70,583 after successfully breaking through a short-term descending price channel. The next target is the $71,500 level, with higher aspirations if this resistance is overcome. The buying strategy...
Hello everyone! Today, XAUUSD (gold) is on the rise again, buoyed by ongoing expectations of a Fed rate cut. After successfully overcoming two significant resistance levels, gold continues to hold firm on its upward trajectory, establishing a new support zone following a period of consolidation in recent days. The outlook remains bullish as long as the bulls can...
"Today's gold market witnessed a refreshing surge, propelling prices back to the $2,200 mark in the early hours of the Asian trading session this Wednesday. This revival comes amidst the ongoing resilience of the U.S. dollar and a rebound in U.S. Treasury yields, drawing investor focus towards the latest hawkish remarks from the Federal Reserve. The short-term...
Greetings, fellow traders! Have you been selling or buying gold today? From my market analysis: The confluence of diverging forces has failed to impart any significant momentum to gold prices, leading to constrained price action. Hawkish comments from the Fed Governor on Wednesday tempered expectations for rate cuts, solidifying the U.S. Dollar's (USD) stance...
We are close to my previous price target for GOLD: In recent weeks, Gold has captured the spotlight by surging to all-time highs, signaling a potential shift in the precious metal's market dynamics! The breakout has garnered attention from investors, raising expectations for a new bullish cycle, with some setting a price target of $2500. Historically, gold has...
If you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 13.50usd strike price Calls with an expiration date of 2024-3-28, for a premium of approximately $1.41. If these options prove to be profitable prior to the earnings...
Analyzing the options chain and the chart patterns of HUT Hut 8 Corp prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven't sold TRX when the retracement started: Now, I think we are going to see TRX Tron trading in the consolidation area, between $0.10 and $0.12 for the next week or so.
If you haven`t bought ADA before the altcoin season rally: Now, I believe we are going to see a retracement from this Double Top formation, one of the most bearish chart patterns, to $0.53!
Achieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels! At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value! Adding a slight premium, my adjusted price target for MSTR...
✅EUR_USD broke the key Horizontal level of 1.0810 Which is now a resistance And the breakout is confirmed So I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBP/USD is facing downward pressure and has slightly dropped below the 1.2600 level during the European trading session. However, market volatility could increase towards the end of the European session, potentially necessitating a retest of the support zone at 1.2584 during the U.S. session.
Hello traders, In the Asian session this morning, the GBP/USD price has shown a downward trend but has yet to break the 1.2586 support level. It is predicted that the price will rise in the short term to the resistance zone at 1.2675 and then retrace back to the support zone at 1.2586.
In the first US session on Wednesday, the price of gold (XAU/USD) surged to a new peak of $2,197, rebounding from a downturn in the previous session and following a dip on Monday to as low as $2,163. This fluctuation indicates an upcoming bullish trend for gold, with forecasts suggesting a continuation towards $2,223. Technical indicators also affirm this uptrend,...