Here is our detailed technical review for BITCOIN. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70632. Taking into consideration the structure & trend analysis, I believe that the market will reach 65514 level soon. P.S The term oversold refers to a...
Hello,Traders! EUR-CHF went down and Retested a weekly horizontal Support level around 0.9679 And already made a rebound So as the pair is trading in an Uptrend I believe that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD is going down And the pair broke a strong Wide demand level around The 1.0700 area which became A supply zone now and the Breakout is confirmed so despite An expected rebound and a retest Of the supply levels above We are bearish biased and We will be expecting a Swing move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-GBP made a rebound From the demand levels Below around 0.8531 Just as I predicted but Is now retesting the broken Support line of the inclined H&S pattern that broke to The downside and this broken Support line is now a rising Resistance so I will be Expecting the pair to make A local bearish pullback Sell! Like, comment and subscribe...
As a quantitative analyst and algorithmic trader, I am currently crafting a spot portfolio aimed at achieving over 100% profit in the crypto market. My algorithmic trading approach operates within a cloud-based system featuring two distinct edges tailored to capture different market trends: the medium-term edge, situated closer to the current market price, and...
Bitcoin may be neutral on its 1D technical outlook (RSI = 46.271, MACD = 810.300, ADX = 25.259) but it just broke under the 1D MA50 for the first time in more than 2 months (February 6th last contact). In the meantime, it crossed under the HL trendline of the Ascending Triangle, so we have a full-scale technical bearish breakout. The RSI pattern looks very much...
My dear followers, I analysed this chart on EURGBP and concluded the following: The market is trading on 0.8549 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8561 Safe Stop Loss - 0.8541 About Used Indicators: A super-trend indicator is plotted on either above or...
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements. Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
This morning NASDAQ:ADBE triggered a Spike Alert on the opening 30 minute bar. I double checked this signal against Volume Profile. On the weekly there is a major Volume Profile node at 480 considering the bullish trend from September 2022 to January 2024. The spike this morning touches this level and have moved off with a significant Spike: The Spike...
My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0639 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0724 About Used Indicators: The pivot point itself is...
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0836 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0797 About Used Indicators: For more efficient signals,...
My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2336.5 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2345.8 About Used Indicators: For more efficient signals,...
My dear friends, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 91.623 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 91.120 Recommended Stop Loss - 91.883 About Used...
Okay, This one was requested by @Saikumarvsk The Chart should tell you everything you need to know. But here are some specific pointers: - The price looks to be in a consolidation mood - We have a support trendline at play - The Support and resistance zones are clearly marked - The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They...
Pair : Germany 40 Index Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Breakout of Lower Trend Line Break of Structure RSI - Divergence Lower Lows - Lower Highs Bullish Channel in Short Time Frame
Hello,Friends! CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! Previous week’s red candle means that for us the NZD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 91.697. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! BITCOIN uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 69225 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the BITCOIN pair. ✅LIKE AND COMMENT MY IDEAS✅