This technical analysis is based on the daily chart of BINANCE:BNBUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated. Price Channel Analysis: The price is currently within a price channel ranging from 556.3 to 676.1 USDT. The suggested entry point is around 588.5 USDT. Entry and Exit...
USD INR Upside Expected TGT 86 USD INR Downside Expected TGT 80.4
This technical analysis is based on the daily chart of BINANCE:HOTUSDT on the Binance exchange. In this analysis, a price channel is drawn, and support and resistance levels are evaluated. Price Channel Analysis: The price is currently within a price channel ranging from 0.002072 to 0.003237 USDT. The suggested entry point is around 0.002295...
FX:XAUUSD has been breaking through ATH and testing 2450 since the opening of the session. Possible reasons could be fundamentally weak dollar, as well as geopolitical reasons related to Iran Earlier we defined exactly the end of the correction, the intermediate bottom at that moment was the area of 2300 and since that moment the price has overcome the way of...
Hello, Here's my plan for ETH in the next coming days. I think this will play out perfectly. Just broke down the mini downtrend and I expect to hit the resistance on the bigger downtrend. We will see if it gets rejected from there or tries a breakout. I'm entering a long trade for at least 3-4%
Entry: ~0.07xxx TP: based on each Fibo level. SL: on bull trend + SPOT, no SL required.
- On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around...
Where are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts,...
GJ still rising in her daily time frame and seems to be forming m the second peak of what looks like could be an “M” forming. I definitely do believe on this journey up there will be pockets of selling that you could capitalize on but for the most part I’m going with bullish. GJ opened today bullish so I see her to continue to have an over all bullish response to...
World gold prices skyrocketed as the level of inflation, and its series of impacts on US monetary policy, boosted demand for holding the precious metal. On the other hand, gold prices are also supported by increased reserves at the Central Bank of China. However, analysts at Kitco Metals believe that today's increase in gold prices mainly stems from risk...
Observed massive rally after the effects of the CPI report that surge BTC price past 6% and followed by other major coins. Now, I will tackle the possible BINANCE:DOGEUSDT breakout after the rally on the almost 2-month diagonal resistance trendline along with an inverse head and shoulders, a bullish pattern since the coin is on the downtrend that can be a sign...
World gold prices tend to increase with spot gold increasing by 2.3 USD compared to last week's closing level to 2,416.7 USD/ounce. Last week, world gold prices fluctuated strongly as the market continuously received important economic data along with statements from US Federal Reserve (Fed) officials. This precious metal started the trading week at 2,361.17...
Heads up: Head and Shoulders seem to be forming on the daily chart. I am still waiting on the right shoulder to form as confirmation. Furthermore, we bounced off the upper highs trend line, so I see a strong indication of going up. I am building this chart on my previous idea:
This is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.
AMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price and volume have pumps and so also the PV Trend indicator. There is no fundamental footprint on this move. it is a pure meme much like a similar move of GME. I will go long here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n...
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
Possible wave 4 of C is in progress and should soon complete. Wave 5 of C is the last leg down and will probably reach the 1.618 Fibonacci level before the market shift up. Good LUck