Lawanson

Lawanson

The BTC/USD pair is starting the new trading week on the positive note, because after the weekend drop to the level of $17,600 the market bounced back above $20,000 to test this level again. The bulls are bouncing from the extremely oversold market conditions, so the next target for bulls is seen at the level of $23,287. Any failure to hit or/and break above this...

Lawanson

Technical outlook: EURUSD has again slipped below the 1.1300 handle reaching potential support zone around 1.1260-70 at the time of writing. The single currency might be preparing to break above 1.1383 mark soon. Bottom line remains 1.1186 low, which should hold well for bulls to stay in control. Intraday support is seen around 1.1260-65 mark as prices...

Lawanson

XRPUSD is in a bearish trend since the beginning of November when it peaked around $1.34. Price is making lower lows and lower highs since then, trading inside a downward sloping channel. Currently there is no sign of a reversal, price remains vulnerable to more downside. White lines – bearish channel The last 4 trading sessions price has been moving sideways...

Lawanson

Bitmain, a Chinese cryptocurrency mining hardware maker, was forced to cease operations in China from October 11 under a ban imposed by local authorities. In addition to banning crypto operations in China altogether, the company has decided to stop shipping cryptocurrency mining platforms in response to the government’s carbon neutrality policy. While the...

Lawanson

Technical Market Outlook: The GBP/USD pair has hit the 50% Fibonacci retracement located at the level of 1.3660, but so far the rally ended with a Pin Bar candlestick formation. The next target for bulls is 61% Fibonacci retracement located at 1.3720. The nearest technical support is seen at 1.3608, but if this level is violated, then the down trend can resume...

Lawanson

The EUR/USD pair has returned to the down trend after a shallow bounce towards the level of 1.1648 (the local high was made at 1.1640). The next target for bears is seen at 1.1514 and this is dangerously close to the key long-term technical support and high of March 2020 located at 1.1497. Any violation of this level would likely deepen the down move towards the...

Lawanson

EURUSD rallied through 1.1660 on Monday before finding resistance. The currency pair is retracing for now and has slipped below 1.1600 mark at the time of writing. EURO needs to stay above 1.1562 mark to keep the above bullish structure intact. Bulls would be inclined to remain in control and push towards 1.1750 in the near term. EURUSD is working upon a recent...

Lawanson

After breaking the symmetric triangle pattern, Ripple rose rapidly until the EMA of 200. Meanwhile, a strong bullish movement is observed. A consolidation above 1.02 can be a sign of a new bullish wave and in the short term the price could reach 1.1719. This last quarter of the year all cryptocurrencies opened positively. Bitcoin in a few hours rose almost 4,000...

Lawanson

The GBPUSD pair has been contained above the demand level of (1.3660) a few times while Bearish breakout below 1.3600 was needed to enhance further bearish decline. On the other hand, the nearest SUPPLY level is located around 1.4025 where bearish rejection and a valid SELL Entry should be anticipated. That’s why, the pair remained trapped between within the...

Lawanson

EURUSD still maintaining the bearish channel . Last analysis we see the importance of resistance at the 1.1750 area. Now price got rejected twice thus far at 1.1750 and yesterday was the third rejection. At this current level we find the upper channel boundary. This price action confirms the importance of the resistance level at 1.1750. In case we see a push above...

Lawanson Updated 

BTC bounce as expected from the $40,000 support area towards $45,000 where we find the 61.1% Fibonacci retracement of the latest decline from $49,000. Price got rejected at the Fibonacci resistance and is now challenging recent lows. Price has fallen sharply from $45,000 to $41,000 and if price breaks below the recent lows at $39,497 we will have a new bearish...

Lawanson

The sell price support again on the support level now let the bull run start forming to the resistance level. As analyze earlier guys please use your suitable lot size and make sure you protect your account by applying proper risk management. Let's expect a retest before the price run effectively. Trade with caution....

Lawanson

Bitcoin sell down to $46 confirm and create a strong support level there. Now lets expect the price pushing up again creating higher high and higher low. Target is $50 to $53 There is going to be a strong buying pressure up after the price finally break above and retest. Lets keep watching the move of the market and make sure you protect yourself from huge loss by...

Lawanson

We can see the selling pressure forming down to the strong support level which it has not break it nor fake out is still maintaining the support level. If the sell price fail to break below the support level then we would start seeing the chart forming up trend again to the resistance level. Trade with caution and apply risk management very well Remember this cant...

Lawanson

According to my analysis we saw a bearish trend forming down till is reaches where the support level is unfortunately price fail to break below the support level that show that the buyers would be taking charge of the market pushing price up to a bullish trend. Next week is clear that USDCAD would be bullish if the buyers fully take charge of the market with a...

Lawanson

Lets expect a bullish trend started forming if the price fall to break below the support level. Apply risk management properly also your lot size don't enter the trade with the lot size bigger than your account.

Lawanson

This is a clear confirmation of a bullish trend after price fall to break the support level. Note that this trading via support and resistance level.

Lawanson

We expect Bitcoin close above $40 tonight after retested on the support level. Let say the bull trend continue till we see it broke and create another strong support level before we might see a short bearish trend start forming down. Lets keep watching every single move of the market....