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TOTAL2 Update - Oct 27 2024Following previous analysis, TOTAL2 dumped and moved towards the lower trendline. Although the trendline got broken, 12H candles closed on the trendline so the mentioned trendline is still valid but 4H analysis suggests that TOTAL2 is probably gonna cross below it. TOTAL2 is facing the combined resistance of blue descending trendline and 0.618 Fib ret. of the previous drop, so it's possible to see another dump in the market over the next couple of days.
CRYPTOCAP:TOTAL2Short
by AlgoBotTrading
US Oil Update - Oct 02 2024Looking at US oil chart, it seems the chart is creating a bullish structure at the moment. Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3. The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense! A strong push through the 78.3 level can potentially lead to the higher target of 82. #USOIL
TVC:USOIL
by AlgoBotTrading
BTC update - Sep 27 2024As analyzed and predicted, #BTC precisely followed previous analysis and pushed through the resistance area of 64,600 - 65,700 zone. As a result Altcoins followed BTC's move and continued their pumps. BTC's movements need to be watched over carefully now as 69,000 - 71,100 zone is indeed the danger zone as several different resistances are present in that area and BTC needs just +5% more rise to reach there. it's high possibility that BTC shows a "strong" negative reaction by touching the mentioned zone.
by AlgoBotTrading
GOLD (XAU) analysis - Sep 26 2024Gold has been in an uptrend since early 2024 due to fundamental and Geopolitical factors. Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen. Once the top is formed and confirmed, Gold shall spend some weeks in correction phase. if we see strong push through 2700$, the next important area might be 2835$ zone. #GOLD #XAU
OANDA:XAUUSD
by AlgoBotTrading
BTC update - Sep 25 2024As stated before the 64,600 - 65,700 zone has been the important resistance zone and #BTC has been forming trading range below this zone for nearly a week now. looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the fact that the current trading range is seemingly a running correction. The positive reaction can push BTC through the resistance zone. 62,300 level is very crucial in this analysis because if BTC drops below this level, we'll see sell pressure in the market.
Long
by AlgoBotTrading
TOTAL3 8H update - Sep 23 2024Following previous analysis, #TOTAL3 rose towards the resistance zone and after touching the 580B level, it started to drop but FED's decision to cut the rates by 0.5% prevented further drop and market pumped as analyzed before FED's meeting. TOTAL3 is now in the vicinity of the mid-term trendline and we can expect some drop during this week. What comes next with TOTAL3 is most probably a rise towards 650B level and then 700B zone. This means many coins are going to touch higher levels soon. As long as the drawn blue trendline isn't broken, this analysis is valid.
CRYPTOCAP:TOTAL3Long
by AlgoBotTrading
NDQ (US 100 Index) 1W analysis - Sep 12 2024Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high! In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term) While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the huge drop and will lead to a huge sell pressure in the market. The reason for this possible crash is probably weak data related to the labor market. Having a Buy position in US stock market is indeed risky these days as the index can even touch Oct 22 low and probably even lower levels if the drop is confirmed!! #NDQ #US100
TVC:NDQShort
by AlgoBotTrading
BTC Dominance Analysis (1M) - Sep 10 2024BTC dominance chart in Monthly timeframe suggests that it's possibly moving towards higher zones most importantly 65% - 67% zone! if the Sep and Oct monthly candles close above the trendline and 59% level, it's highly possible that 65% - 67% zone is the next target area which will probably be touched in Q2 or Q3 2025. This possible rise in BTC dominance means that if BTC is going to dump to lower levels, Altcoins will be strongly affected and will drop much more. For an Altseason, BTC.D must begin a big downward movement and a condition for this drop is a prominent divergence in 2W or 1M timeframes: it's unfortunately can't be found on the chart at the moment!
CRYPTOCAP:BTC.DLong
by AlgoBotTrading
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