Hello there, DOGEUSDT is currently in a neutral position, as the price is forming a bearish candle. However, there are signs of a potential bullish reversal in the form of an inverse head and shoulders pattern. If the price breaks above the neckline of the inverse head and shoulders pattern, it could signal a bullish trend reversal and potentially lead to a rise...
Hello there, Mapping out BTCUSDT at H4, the price is anticipated to form a higher low from the trending low level of 61828.42 to move up to the 7K area and then drop for wave 4. Attention should be paid to the drop of that wave, as it appears to project lower than the 666.56 area and then complete wave 5, which will be the potential sixth wave of Wolfe 5. Happy...
Hello there, Technical Outlook: Silver prices have been hovering above the 29.982 mark, and need a close watch over the RSI for signs of a potential bullish trend. If the silver price manages to pull above the RSI moving average and surpass the 50 level, it could signal a proper bullish rise soon. The current market conditions have also challenged the Elliott...
Hello There, Technical Outlook: Crude oil prices have been locked in a tug-of-war around a critical support area, testing the 76.253 level twice in recent trading sessions. Despite the downward pressure, the commodity appears poised to make a push higher, according to RSI levels. The 77.082 - 76.253 zone has emerged as a key support area, and a higher low above...
Hi there, A bearish candlestick close below 169.510 could signal a bearish trend for EURJPY, and the price may fall onto the daily solid trend line. There is also an open demand area that may attract prices near the 168-167.936 areas. At the moment, the price might pulse up for potential entry points, but we are not considering that. Happy Trading, and have a...
Hello there, Above the 180.08 level, the SOLUSDT has the potential to increase up to 186.36 against the 176.83 area zone. The main price target is 186.36, extended to 187.51 for a bias of 191.06; Fibonacci levels are taken from the low of 174.44. Happy Trading K.
Hello there, XRPUSDT analysis shows that the current candle is interacting with the 0.5387 area, with its high pinning the LH(L) pattern. I've marked the L and H points with a vertical line, which extends over the RSI (Relative Strength Index). This (L) indicates that the price is bearish below the 59.07-RSI level. We're looking for a demand zone, where the...
Hello there, The BTCUSD price is likely to drop towards the support levels of 69244-68648 and then potentially reverse its direction, aiming for the price target of 71234. It's a high-risk setup due to unclear support and resistance levels. The current market trend is uncertain, with prices moving within a range. For the price to rise, it needs to break above...
Hi there, The price has the potential to drop to the 0.618-0.5 price levels, which would result in a bias of 2342.451 over the gold price. As long as the price remains below the 55.05 RSI level, it is considered bearish. However, if the price reverses and breaks above 2474, the setup will be rendered invalid. Best regards, K.
Hello there, Fundamentals: Robinhood, a multi-asset trading platform, has announced new features for its crypto services, specifically for European customers. The new features include: 1. Crypto-staking product: European customers can now stake their Solana (SOLUSD) holdings and earn rewards with the flexibility to unstake at any time. 2. Localized app...
Hello there Fundamentals: The GBP/JPY currency pair rose to the 197.00 handle, as the Japanese Yen continued to weaken across the board. The UK's labor market figures showed a mixed picture, with unemployment benefits claims rising less than expected and wages growing at a healthy pace. The Bank of Japan's activities reports revealed that the BoJ had intervened...
Hello there, On Tuesday, the gold price traded in negative territory due to renewed demand for the US Dollar. The possibility of rate cuts by the Federal Reserve following downbeat US jobs data prompted speculation in the market. Investors are closely monitoring a speech by Fed's Kashkari later in the day. Despite the USD demand, the gold price lost momentum, but...
Hello there, A potential turning point is emerging as Bitcoin investments experience outflows while Ethereum, alongside altcoins like Avalanche, Cardano, and Polkadot, stands out, indicating a shift towards diversification among traders. The successful launch of spot-based Bitcoin and Ethereum ETFs in Hong Kong underscores the cryptocurrency market's global...
Hello there, XRPUSDT aims to reach the 0.5512-0.5600 area and potentially drop to 0.4800-0.4600 with a bias of 0.4494. The price seems to follow an extended (D) leg from the high of 0.5800. Monitoring will be required due to the two demand area zones that remain untested. Happy Trading, K.
Hello there, At any given chart and time frame, you will be looking at three different price movements that agree on peak lows and highs; therefore, the only certainty in a trend is a peak high and a low from past data. Anything in between is unclear. Right now, BTCUSD is at the 63625.51 price level, and 56456 extends on C for a lower low. The current level...
Hello there, Mapping out the XAUUSD, it seems we are in a B retracement in a bearish trend. The price has the potential to move up to the 2340–2374 extremes and drop to the 2260–2237 area. The price needs to confirm a higher low above 2325 for a bull run at the current level. Happy Trading, K.
Hello there, MATICUSDT at H4, The bearish momentum is not clear below the resistance line of 0.6992; it could potentially move down to near-lows marked as (n) or lower to 0.6500 or even drop further down to 0.6073 to complete the sixth wave that follows ABC. Since we cannot tell exactly where (C) might end up or if it would lead to an extension of ABC, 0.7134 is...
Hello there, The BTCUSD on the monthly chart shows that the previous bull candle opened higher than the high of its third candle and engulfed the high of the second candle in a strong bullish trend, indicating a potential bullish continuation beyond this candle in the near future. The current monthly candle has a low that is higher than the open of the Mon 01,...