Ethereum is forming an upward correction after stalling at 943 without much of a visible price channel. Just a chaotic move that catches up with the strong resistance line formed in March 2022. On the chart we see price breaking through the local range and essentially forming a down and up shakeout and hitting the resistance line, after which there are several...
GBPUSD continues to consolidate towards the strengthening of the national currency. The price breaks upwards at 1.21615 and makes a false-break on the pullback, after which it forms a consolidation above the level in the long zone. On the chart, I have marked a local uptrend channel, which might be a hint of a change in the global trend. It can be seen that the...
GOLD is trading in an uptrend channel and the chart shows the price breaking the old trend, making a false break through resistance and pulling back 250 pips to test the boundary of the old trend. On the chart we see that the price makes a false breakout on the retest of the old channel resistance and trades in the long zone, which can be considered as...
EURUSD is forming a local upward correction after a false breakdown of the 1.0000 area. I have marked an uptrend channel on the chart, price is trading in it and is currently testing trend support. The price is renewing the local tops, but at the moment it is difficult to break through the 1.0265 zone, I think that after the price fixes above the support of the...
GOLD within the local uptrend channel after a false breakdown of the strong 1690 liquidity zone breaks the old downtrend upwards, which opens new analysis possibilities. On the chart, I have marked a strong istoric level of 1780.5, which the price has already tested and is now forming a retest. I suppose that there might be a small pullback from the level, it is...
AVAXUSDT is currently in a local range between the levels of 26.30 and 19.59, but in the middle of the range passes the upper boundary of the upward price channel. which the price is testing by breaking it down. On the chart I showed that the price on the retest tried to renew the local high, but the limit zone prevented this, and then the price started following...
SANUSDT is trading in a wide range between 1.5300 (strong limit zone) and support 0.7480. On the chart I noted an uptrending price channel, which the price is breaking down and on the retest will confirm the break. A consolidation in the short zone is forming. At the moment, the crypto market continues to decline and I assume that SANDUSDT may go down behind...
USDCAD is trading in a channel. Prerequisites for a short price: The price is trading in a downtrend and clearly sticking to the channel boundaries, the currency pair is in a resistance zone and forming a false breakout, In the first half of July a shake-out - up was formed, after which the price fell again. On the chart, we can see that from the support, the...
Bitcoin has broken through the resistance of the 23362 range upwards and is currently stuck in a very narrow consolidation between the 24200 and 23362 levels. On the chart I have outlined a few reasons why I am leaning more towards the short scenario, even though we have a visible upward channel, but we should not rule out a long scenario. Bitcoin has been...
GOLD is forming a strong upward momentum of 5.5%. The local chart shows that the local trend is broken and the market is dominated by the bulls, but the price cannot go up all the time, it simply will not find the energy to continue the move. The gold is moving towards the strong 1780, which is a local liquidity zone, and I think a pullback is expected from this...
ROSEUSDT is testing a strong resistance level of 0.08794 on the downside. this momentum can hardly be called a trend breaker, I think it is working off a "pump". A strong momentum of almost 70%, after which the price cannot break the resistance level and consolidates after a false break below the level - a short set-up. The cryptocurrency does not yet give...
ETHUSDT . The situation is interesting. The cryptocurrency has been in a global downtrend for quite some time. On the chart I have highlighted two channels, a global channel and a small channel, which clearly show the location and movement of the price. The price enters the resistance zone and is testing the strong level formed by the January 2021 correction. The...
GOLD is still trading in a downward channel, with the key zone being the resistance zone where the price is headed. We also see that the price is successfully exiting the boundary of the 1750 trading range. Earlier there was a false breakout of a strong support level from which either a new uptrend or a deep correction can be formed. I have marked two trends as...
ATOMUSDT is trading in an uptrend channel and price is sensitive to the boundaries. We can see on the chart how resistance and support of the price channel were worked out earlier. The price is now testing a false-break of the channel resistance and also a strong horizontal resistance at 10.833. I assume, as after a strong move up, there might not be energy...
AUDUSD is forming a local uptrend after a false breakdown of the lower range boundary. The price has been between the boundary at 0.72516 and 0.68292 for a long time, which indicates that there is an equal power between the players, I think that the price will not leave this range anytime soon. On the chart we can see the resistance retest at 0.6993 and break up,...
GOLD has entered the channel after a deep false break and testing 1690 support. The price has been holding above the support level for a long time. On the chart we can see that the price is trading in a range and there is potential to reach the liquidity zone of 1750. I think a fight between the participants is forming at this point and I believe the correction...
Gold. As I said in the medium term idea that the price could reach the liquidity zone in the third wave phase. The key level for it was 1690. Now after the false breakout a pullback is forming, but the price cannot move in one direction all the time, the local trends within the day can change up to 5 times. On the chart we can see a pullback and the price is...
Bitcoin is in a stalemate. There are a few things on the chart that could be misleading: things that are related to uptrend, such as local uptrend channel and strong reaction from support levels, and things that are related to downtrend: false range boundary breakdown, no update of local lows and adequate reaction to resistance levels. In the last 24 hours...