BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance. A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the...
BINANCE:MATICUSDT is forming an attempt to change the trend. The price is testing the resistance area of the descending triangle. A consolidation above the key level may start a strong distribution. MATIC price is still in a bearish trend amid a strong cryptocurrency rally. For the last few days, the coin has been forming a resistance retest and is currently...
Hi Traders ! After a Huge Bullish Move, The AUDCAD Reached The Resistance Level. Currently, The Price Formed a Descending Triangle. The Resistance Line is Broken. So, I Expect Another Bullish Move📈 ------------ TARGET: 0.88880🎯
FX:XAUUSD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth? The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation,...
We had descending-triangule formation, then breakout... Now, it is retesting. I consider that is a good idea to buy by spot right now. Target: 50, 100 or up to december 2025. 2% of your account is a good risk. Please, share your analysis below. See you, JB.-
OANDA:NZDUSD is trading inside the descending price channel. A new downward movement is formed on the background of the growing dollar index, the pair is testing the support, the breakthrough of which can give a strong impulse. A descending triangle is forming on W1, which indicates the weakness of the New Zealand dollar. The price cannot break through the...
CRYPTOCAP:TOTAL Descending Triangle Breakout expected Wyckoff cycle end, accumulation incoming in next mid-term period of 6-10 months, next "BUS" station +100% in market cap. Too many projects waiting under the carpet during this period, development cannot be stopped !!!! Financials trying to catch up with technology and not lose control, it has always been...
FX:USDCHF has been in consolidation phase for a long time on the background of a bullish trend, which is formed in the wake of strengthening of the dollar index. There are preconditions that the growth may continue. Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to...
Hi Traders ! On 4H Time Frame, The CADCHF Price Formed a Descending Triangle Pattern. The Support Level is Broken. So, I Expect a Bearish Move📉 -------- TARGET: 0.64400🎯
FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price? The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line....
FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a...
GBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental...
In NSE:BANKNIFTY there is failure of descending triangle pattern. When a descending triangle fails, it often leads to a sudden reversal or consolidation rather than a continuation of the prior downtrend. This reversal could result in a period of sideways movement or even a bullish breakout if buying pressure persists. A sustained rally above the upper trendline...
A descending triangle is a bearish continuation pattern characterized by a series of lower highs (forming the upper trendline) and relatively equal lows (forming the horizontal support line). Traders often look for a breakdown below the support level as an indication of further downward movement. Traders SHOULD wait for a clear breakdown below the horizontal...
BINANCE:GTCUSDT is testing the trend and consolidation resistance and apparently has a chance to break through this boundary. The coin is forming a bottom at 0.300, after which the consolidation phase continues, but at the same time, relative to the trend resistance the coin is forming a pre-breakout consolidation. Growing capitalization of altcoins, green...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
ETC is pumping, as we can see. I want to inform you that this uptrend should continue, and another 128% is likely in the next few days / weeks. Take profit at the 0.618 FIB, which is always a strong resistance. If you think ETC is going to go much higher, you can take profit at the previous major swing high. But to me, ETC is bullish, and the downtrend has ended....
The GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details: Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line....