BINANCE:BTCUSDT remains resilient, finding support at 67,000. As you will notice, a potential bull flag pattern is forming, reminiscent of the previous one. I believe this setup will eventually lead to a breakout and subsequent move higher as the overall trend remains bullish. A consolidation zone is forming just below the channel boundary, hinting at a potential...
Gold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report. On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly...
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather a necessary step in the market's attempt to rebalance itself. The price had been forming a divergence for some...
The price perfectly fulfilled my last idea. It played out nicely; it hit the targeted level. FX:EURUSD has rebounded off the crucial psychological support level at 1.08000, and it appears to be forming a bullish flag pattern. A breakout of this pattern could lead to a further upward momentum. On the daily timeframe, we see a strong bullish candle, which shows...
Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:LINKUSDT has continued its upward momentum, surging above the 17.00 level and maintaining its position above it. On the daily timeframe, we can observe a big bullish candle, which suggests a substantial accumulation of bullish pressure. This development signals that the market may...
The price perfectly fulfills my last idea. It took off and hit the TP. The daily timeframe is showing a bullish trend, with the market consistently updating higher highs and higher lows. FX:AUDCAD has been consolidating within a narrow range of 0.91000 to 0.90500. It recently broke and closed above the significant level of 0.9000. Given this momentum, I...
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!
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
As explained in my latest video and written analysis, gold may have changed its trend. However, considering the 1000-pip drop from last week, a correction could occur. Indeed, the price started to rise after hitting a low of 2325 and reached a high around the 2360 zone. This rise is clearly corrective in nature, and gold could soon drop again in a new downward...
The bulls' inability to break through the resistance zone resulted in a long-tailed bar on the daily chart, indicating a significant failure to push through the barrier. Despite making two attempts to breach the resistance level and move higher, FX:EURUSD instead rebounded from the zone, taking liquidity above the previous week's high. This reversal suggests...
EURUSD is moving in an UPWARD channel. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this...
As explained in yesterday's video, after a short-term consolidation above 2400, which formed a descending triangle, OANDA:XAUUSD dropped significantly in the middle of last week, reaching the 2330 support zone and forming a large bearish engulfing pattern on our weekly chart. There is a likelihood of a mid-term trend reversal, with the price potentially falling...
Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The price perfectly fulfilled my previous idea. In my opinion, the alt season has already begun, but we haven't seen it yet on the price charts. Many altcoins, including meme coins, are currently in an accumulation phase. BINANCE:SHIBUSDT chart, in particular, is clearly in a consolidation zone following its recent bullish move. I believe that the price action...
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more...
The price perfectly fulfilled my last idea. It hit the target. FX:AUDCHF is currently trading within a downward channel, having recently formed a new lower low. The price is now approaching the resistance zone and the upper channel border, following a bounce off the support level. I anticipate a pullback and retest of the support level, followed by further...
Detailed Analysis of #SAGAUSDT Time Frame: 10 Hours (10H) Overview SAGA/USDT has recently broken out of a falling wedge pattern, which is a bullish reversal pattern. This breakout indicates the potential for a substantial price increase, with an expected bullish move of up to 60% in the coming days. Key Technical Elements Falling Wedge Pattern: The falling wedge...