After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro,...
Gold's general commentary: As discussed, if Gold does not invalidate #2,452.80 - #2,500.80 psychological benchmarks in extension (Buying every Low's / less likely), I am expecting Gold to finish the Monthly fractal below #2,300.80 benchmark. Needless to mention, that would be Bearish for Gold’s Medium to Long-term (aligns with my Bearish expectations). On an...
TSLA Fanboys were cheering the recent earnings pump with positive news... I even received a message from a friend. He drives a Tesla btw 😅. But TSLA is playing the slippery slope game here. And what type of slope will it be 🤔. It could of course just shallow out here and hold. But for as long as it keeps slipping, the probability increases that the earnings...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08350 zone, EURUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.08350 support and resistance area. Fundamentally the CPI of today was quiet priced, nothing...
FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on...
After the release of the CPI data on Wednesday buying momentum is picking up in the S&P 500. The expectation is follow through to the upside but not a large move on Thursday.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Fibonacci Level - 23.60%
#NEARUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about NEARUSDT Running towards our target target 12% profit done ✅ Expecting More in coming days 🚀
boost and follow for more 🔥 GME had a trend resistance zone break, retest, short trap below local support zone as the retest happened as well. I Like what I'm seeing, my moon senses are tingling ;) looking for a explosive rally to 30-40-58 once we can close above 19.74 long trigger 🎯
Dear colleagues, I believe that the five-wave momentum is not yet complete. I expect a correction in wave “4” to the area of 1.08270, then the continuation of the upward movement to the area of 1.09501. Thus, the price will complete the wave “1” of the higher order. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Here is our detailed technical review for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.659. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.648 level. P.S Please,...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact...
The price perfectly fulfilled my last idea. The market took off and hit the target. FX:EURUSD has broken through the previous day's high, moving higher as it tests the strong resistance level of 1.09000. This is the same zone where the market tanked, setting up an April high. The price has now reached the upper border of the channel, making a 1-2-3 extension,...
Hello, traders here is a setup of AUDUSD as you can see the market has broken the resistance zone that the market has tested multiple times in the past and now I will wait for a pullback and then look for bullish opportunities afterward.
Hello, Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups. 1: Structure drawing Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
The price perfectly fulfilled my last idea. OANDA:XAUUSD played out nicely and hit the target. The release of new data triggered a surge in market, which ultimately broke above the previous high. This move also cleared the previous week's high, providing a clear indication of the market's upward momentum. Given that the market has reached the key resistance zone...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 192.000 to 191.700, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 192.000 and 191.700, suggesting another area with moderate risk for potential buying...