The price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, OANDA:XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. Thatβs 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...
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave β5β turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
βοΈ Smart investment, Strong finance βοΈ GOLDEN INFORMATION: The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest...
Hello everyone, I hope you're doing well. Here are several reasons why this upward wave could be wave 5, as I'll explain for clarity: The most important reason is the completion of the 5th bullish Elliott wave and negative divergence on waves 5 and 3. -------- Considering the deep correction within a chart pattern, the structure of wave 4 indicates it was...
πββοΈ Bitcoin is moving in the π΄ Resistance zone($63,440-$62,690) π΄ πAccording to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). πIn terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . π‘Looking at the chart of Market...
PEPE has formed a nice bull pennant, and now is the time to keep an eye on PEPEt! If you're looking to trade PEPE at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.0000084$ and take profits at the levels shown in the chart. Targets: 1. 0.0000088$ 2. 0.0000093$ 3....
Following the news, FX:EURUSD has rebounded from a support level and is now making its way towards the next resistance zone. On the weekly timeframe, we're seeing a bullish bar that broke through the previous two weeks' high, indicating a potential upward trend. This break above the key zone of 1.08000-1.08200 suggests that the price may continue to rise. As you...
β GBP_USD broke the falling Resistance and the breakout Is confirmed so I am bullish Biased and I will be expecting A further move up LONGπ β Like and subscribe to never miss a new idea!β
GOLD - Wait For The Price Breakout The price is developing a corrective pattern and this time GOLD shows the possibility of both moves. We cannot trade at this moment until the price creates the breakout. So let's wait and see what happens πΊYou may watch the video for further detailsπΊ Thank you and Good Luck! β€οΈPS: Please support with a like or comment if you...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. π Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...
Ahead of CPI I am looking to short EURUSD, my targets are below 1.07000 stops above 1.086 area. Use proper risk management. The box shapes drawn on my chart are from GOLD BACH. If you want to learn about it let me know. Cheers
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
πAttention, Paradisers! The trading landscape for #ATOMUSDT is heating up and you don't want to miss out on what could be a golden opportunity to catch the bullish reversal. πRight now, Cosmos is moving towards a pivotal support level of $7.58, a make-or-break point that could lead to significant gains. If this level Stays steady then NASDAQ:ATOM can see a...
ππ Breaking News! ππ π Attention Bulls! π π GBPCHF Analysis Update π Today, the GBPCHF chart is flashing multiple bullish signals! π After breaking through a resistance line in a tight accumulation range, fueled by positive fundamental news, the bulls are flexing their muscles. π¬π§πͺ It seems like they're ready to take charge! π On the daily timeframe, we're...
What is a "danger zone" and how do we determine if Bitcoin is in a situation to either crash or move higher? The "danger zone" we've been hearing about is a time based fractal of past history. The 2023 bullish wave and 2024 new All-Time High shatters all time related predictions based on past history. Since we have completely different timing this time around...
ππ EURCHF Update! π π Here's a deeper dive into the current situation: EURCHF has been consolidating around a key horizontal level, indicating a potential reversal point. π The formation of a bullish pattern π suggests that buyers might be gaining control, especially after a successful test of this level. π The crucial signal to watch for is a daily candle close...