BINANCE:BNBUSDT has been making higher highs on the daily timeframe. However, on the 4H timeframe, the market is moving sideways. It is forming the triangle formation, which is a trend continuation pattern. The price bounced off the bottom of the pattern. It is heading toward the top of the triangle. If you look at the weekly timeframe, it took liquidity below...
The price of BINANCE:AVAXUSDT has been making lower lows in the downward channel. The market made a consolidation zone, then broke through it. On the weekly timeframe, it's approaching the demand zone. I think the market might move below the round level at 40.00; take liquidity below it, then move upward. On the daily timeframe, we have a slightly different...
The market overall is moving sideways. BINANCE:BTCUSDT pulled back from the 72K resistance zone. Below we have an upward trendline that was holding price for the beginning of March. I think the market will compress before the extension. If the market retests the support level and trendline, we have a high chance of moving upside. On the weekly timeframe, it...
BINANCE:ADAUSDT has been building bearish pressure. If you zoom out, you can see that the price was hitting the support zone 0.5600-0.5700 for over a month. Basically, it is building a descending triangle where we have equal lows and lower highs. Most likely, the market will break through the support level and retest the lower prices. Probably the flat number at...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD went straight down without giving us a pullback. It broke and closed below the key level at 1.07000, which is the previous day low. This opens the road to lower prices. I think the market might move down to November open prices. If the market makes a retracement toward resistance...
The price made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new high. Price action broke through the key level at 100.00. I think the FX:AUDJPY might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the higher timeframe, the market formed equal...
OANDA:XAUUSD surged, moving towards the next key resistance zone at 2400. It was another all-time high. On the daily timeframe, the market broke above the previous resistance zone, which became a support level. I think the perfect scenario would be pullbacks to a broken level, followed by a continuation of moving upside. Overall, I expect some pullback because it...
The price perfectly played out from my last post. The market literally tanked and hit the target. It has reached the support level where a bullish move occurred. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market. after a news report came out. FX:EURUSD made a breakout of the key level at 1.08000. The price...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ETHUSDT is moving sideways on the daily timeframe. This means that it is in the accumulation phase. The price broke through the resistance that was twice then pullback forming a fake breakout. If you zoom out you can see that the market has been making higher lows respecting the...
The market indeed moved lower after the news release. However, OANDA:XAUUSD did not reach the target level. This tells us that we have bullish dominance in the market. We have upcoming news that can potentially move the price lower once again. If the market rolls back to the support level to retest the support level, which was low on Monday, then we can look for...
The price has tested the resistance zone at 1.36000 multiple times, which is at the at the top of the range zone. FX:USDCAD broke through the resistance zone that became a support. I think the market will continue moving upward because we have a strong bullish daily candle. It gained momentum. I expect the pullback to support level and potentially form another...
The market is testing the swap zone on a 4H timeframe. FX:NZDUSD lost momentum near the resistance zone. The resistance zone was tested multiple times before, when the market was pushed lower several times. I expect a pullback from this zone because the market is near strong resistance. Furthermore, we have a divergence, which suggests that the market might pull...
The price almost reached the target zone in the previous post. However, FX:EURUSD rejected the upward channel border. It formed a long-tailed candle on the daily timeframe, which means resistance rejection. It took liquidity above the previous resistance, then pushed back. The market failed to make new highs at the resistance zone 1.08600-1.08700 after testing...
OANDA:XAUUSD is testing the resistance zone. However, it hit the resistance at 2370 like a wall. Basically, it formed a double top at resistance. The price action created a divergence near the channel border. On the daily timeframe, we have lost some of the bullish momentum, meaning we have a doji candle followed by a small candle. It seems like bulls are out of...
The price perfectly fulfilled my last idea. It hit the target level. In my educational post , I explained what a fakey pattern is. It is basically a fake breakout of the triangle formation. As you can see, trending markets are prolific with continuation patterns. After forming the triangle formation, the market spikes down to collect orders, then moves higher,...
The price of BINANCE:XRPUSDT is basically consolidating on the daily timeframe as well as on the 4H timeframe. The market has reached the top of the consolidation zone. As you can see, it is testing the top of the downward channel and resistance at 0.65000. I think the market might continue consolidating back and forth until the real breakout occurs. I expect...
Given the current global situation, there is a significant bullish trend in the OANDA:XAUUSD market. Therefore, I believe that gold will remain a highly demanded asset. Another week closed with a powerful candle. The market has been moving up without major pullbacks for several weeks now. The next target for gold could be the round level of 2400 and then...
The market is testing the resistance zone that was high the previous day. Obviously, all XZY/JPY pairs are extremely bullish. I think the FX:GBPJPY will continue moving upward, retesting the resistance zone on the monthly timeframe. The price is moving the resistance zone between 194.000 and 195.000, which was formed in 2015. If the market makes a pullback and...