Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 MPC has been overall bearish trading within the falling channel in red. 📈 However, it is currently approaching a strong round number $0.3. 🏹 For the bulls to take over and shift the momentum from bearish to bullish, a break above the last major high in red at $0.45 is...
Gold turned down as the market waited for the CB consumer confidence report. Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report. In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and...
Trading Strategy for XRPUSDT: XRPUSDT continues its upward trajectory for the second day this week, showing strong support with positive signals from the EMA 34 and 89 lines. Furthermore, the ascending trendline shows no signs of being compromised. The strategy is to maintain buying positions until reaching the targeted peak at 0.7100, once it successfully...
Greetings, everyone! SOLUSDT has surged as we predicted, maintaining its upward trajectory today. It's currently facing resistance at $193.14, having gained 1.73% for the day. The $172.19 support level remains a strong foundation for this upward momentum. Should SOLUSDT successfully breach its current resistance, we could swiftly head towards the $210.46 peak, a...
Hello everyone, yesterday we initiated a buy order, and fortunately, the price moved exactly as we anticipated. However, the uptrend is not yet fully assured as the price is still adjusting and retracing to the 0.5 - 0.618 Fibonacci zone, part of its correction phase. Although the overall trend has yet to be clearly defined and the persistent sideways movement is...
Greetings, today the USDJPY pair is navigating through a quiet trading session, directly facing the resistance at the record high above the 151.00 threshold. The momentum for an upward movement seems to be waning amid fears that the Japanese government might intervene in the forex market to support the Yen, presenting a significant obstacle for buyers aiming to...
Understanding market cycles is key in financial trading, as showcased by our recent sell call on #XAUUSD. After a bullish spike and a period of steady growth within an ascending channel, Gold entered a trading range, indicating a pause in buying momentum. This signaled an opportune moment to execute a sell, anticipating a potential retracement from the range's...
Greetings, traders! Today, XRPUSDT's journey remains subdued, hovering around $0.6337. It's steadfastly holding its ground in a sideway pattern, with the price wedge yet to be breached, thus confining its short-term movements. Any breakout from this formation could dramatically sway XRPUSDT towards significant climbs or dips. Personally, I'm eyeing a buying...
USD/JPY is witnessing a decline, hovering near the 151.00 mark, as the Japanese Yen faces significant buying pressure amid concerns of potential foreign exchange intervention by Japan, especially after the pair hit a new high since the beginning of the year at 151.86 last Friday. The hawkish minutes from January's Bank of Japan meeting further contributed to the...
Hello, esteemed SOLUSDT traders! After enduring a downturn last week, SOLUSDT seems to be regaining its upward momentum in the early hours of Monday, breaking past the descending trendline. The long-term uptrend remains intact as the bulls successfully defend the crucial support zone around $167.80. With the EMA 34 and 89 indicating stability, the technical...
Hello, cherished trading enthusiasts! What's your trading strategy for GBPUSD today? I'm eyeing a BUY position for this pair as it begins to show bullish signals. The price is accumulating, and the downward momentum is cooling off. It's time for a trend adjustment after last Friday's sharp decline. My buy target is at 1.267 USD, as indicated on the chart. How...
Hello, dear friends! GBPUSD is showing signs of a rebound this Monday, recuperating from its significant drop during the latter part of last week. The recovery is sparked as it touches the Trendline, although the primary trend remains bearish due to the momentum the US Dollar (USD) gained from Wall Street activities, despite decreasing yields bolstering the pair's...
Strategic Outlook on ETHUSDT Trading: Today, ETHUSDT continues to face a downtrend, with its price hovering around $3438. It's on a quest towards the EMA 89 and eyes the support level at $2919. My anticipation leans towards caution with ETHUSDT as it struggles to breach resistance levels. What's your take? Should we consider selling? Share your strategies and...
Hello everyone! Today, EURUSD has shown early signs of a recovery, attempting to adjust its course at the start of the new trading week. After hitting a low of 1.808 last Friday, it's currently trading around 1.082. However, the short-term uptrend of this pair remains uncertain. Technical analysis reveals that it's still trading below the EMA lines, with the EMA...
Gold rebounded at the beginning of the new week, waiting for the upcoming PCE report! Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend. Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal...
Hey everyone, let's dive into what's happening with EURUSD today! Last Friday, EURUSD wrapped up the week on a downtrend. But today, it's found some footing at the 1.080 support level, sparking a bit of a comeback with the current price hovering around 1.082 as it eyes a rebound towards the 0.5 - 0.618 Fibonacci targets. If it can maintain the 1.080 support...
COMP has successfully broke the resistance uptrend trendline, after which an ABC correction followed. Based on these facts, we can assume, with high probability that the trend remains bullish, in fact, aggressively bullish. Therefore we expect a 100% price increase, where COMPUSDT should hit $160 mark, where double Fibonacci resistance is located.
#INJ/USDT #Analysis Description --------------------------------------------------------------- + Price is at the current support level and i could see price retracing back to it's bullish trend + I'm expecting price to hit the its resistance level + I see a good long trade opportunity, i'm entering with 1%...