Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and...
Hello all dear traders! BINANCE:BTCUSDT Overall, on H1 we have seen that the trend has shaken and the pressure is leaning towards the buying side. It is currently trading at a new high of $63,250, after hitting $63,435 and up 0.28% on the day Accordingly, when observing from the chart that the resistance level of 62,000 USD has been broken by the bulls, it is...
Trading strategy for BTCUSDT: Currently, BTCUSDT is trading around $62,800 USD and showing signs of recovery with support from the $61,000 USD level. The next target is the resistance level at $64,700 USD, followed by $68,700 USD. I highly favor the buying strategy in the current situation. What about you? What do you think about the next trend?
Hello dear traders! Let's discuss and strategize today. Overall, yesterday the price of BTCUSDT experienced significant volatility with a bearish impulse surpassing the $62,000 level, along with that on H1 Descending price channel started to appear (this generally reinforces the strong bear market go up). BTCUSDT is currently reaching $60,863 and up 0.1% on the...
Dear traders! SOLUSDT today continued its steady rise above 154.12 and is up 0.93% on the day. Personally, I still maintain faith in a huge upside as long as the indicated uptrend channel holds. It is expected that after a correction to the 0.618 Fibonacci level (coinciding with EMA 34.89) SOLUSDT will rebound with an expected increase to 165.68 if this level is...
Hey there, what do you think about trading BTCUSD? Currently, on the technical analysis chart, BTCUSD has broken out and ended its downward trend with a breakthrough above the descending trendline at $61,600 USD. From observing the technical chart, I advocate for a buying trend in the short to medium term with a profit-taking target around $64,000 USD, and even...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
Hello traders! Overall, ETHUSDT continues to trade within a parallel bearish channel on the D1 chart, which typically determines our medium-term outlook. It is currently trading steady at $3029 and down 0.21% on the day. From a technical perspective: The H4 setup shows strong resistance of the down trend. Therefore, it is likely that the price will continue its...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
Hello everyone ! SOLUSDT has been on a recovery trend for several days. The price is currently trading around $154.30 USD, and according to the trendline analysis chart, there is strong potential for price increases expected to occur after the retreat to the 0.5 - 0.618 Fibonacci retracement zone.
In the crypto market, the largest assets are currently experiencing similar situations. On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers...
Hello all dear traders! So after a long period of price decline, BTCUSD rebounded with a spectacular breakout from the price wedge, which was not only a move from the bulls but also pushed the price up sharply from this point on. It is currently consolidating above highs of $63,083 marking a 0.1% gain on the day. However, looking from a technical perspective on...
Dear traders! BTCUSD experienced significant volatility yesterday with a breakout from the $62,000 level it is now approaching the $61,000 level which should generally provide momentum to lower levels. However, the slowdown around the $60,700 area increases the possibility of a return to growth within the corrective trend. Talking about the current trend, it is...
At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market,...
Bitcoin (BTCUSD) broke again below the 1D MA100 (green trend-line) after the 3rd rejection on the 1D MA50 (blue trend-line) in almost 1 month (since the April 13 bearish break-out). If it stays unbroken, it is a far from ideal development as the 1-year price action has shown us that such a pattern risks making a Lower Low. The technical structure since April 08...
ETHUSDT continues to trade within a long-standing downtrend channel, with the RSI index remaining stable around 44.30, indicating a sustained trend. Looking ahead, the bearish camp still holds sway, with expectations of a decline towards the 2219 zone after another price rally hits the upper limit once again!
Yesterday I said that if the Bitcoin price breaks through 61800, the downward trend may be reversed in the short term. Yesterday the price broke through 61800 and then fell back to 61800 and continued to rise. The highest point was close to 63900. The price is currently correcting. Judging from the 60-minute chart, the price has stood above the 20-day and 50-day...
Hey Everyone, Once again another smashing finish to the week with our Bullish targets hit confirmed with ema5 lock to give us plenty of time to get in for the action. Yesterday after getting our lock confirmation above 2313 we confirmed the 2340 gap, which was left open and just fell short and we were looking for it to complete. - This was hit perfectly...