BTC is actively testing the current level. The price has formed a bullish takeover, marking the boundaries of the current zone. The chart has fixed above the 50EMA (1H TF) RSI near neutral values (1H and 30m TFs) I expect the price to rise after fixing above the current zone.
Macro Trend Lines from All Time High and before are converging before the end of the year and and into Q1'24. With this convergence and the MacD looking the lowest it's been since May of '22 where NATH then went on to gain nearly 200% value over the next 16 months. This one is a long term buy, and will continue to perform well into '24.
Indicators remain stable with no prevailing sides. The asset reached the support level for the third time. I believe that the price will rebound again after fixing above the support.
Hey Traders, in today’s trading session we are monitoring DXY for a buying opportunity around 104.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.800 support and resistance area. Trade safe, Joe.
SHIB is moving in a local ascending structure. The price has reached the support. I expect a bounce from the current level.
XLM fixed above 50EMA (1H TF) Trading volumes remain stable. RSI is around neutral values. I expect the price to rise after fixing above the resistance level.
Last week EURGBP posted a green Heiken Ashi candle on the weekly chart. This suggests to me that we may see another green weekly Heiken Ashi candle. It is also the case the a green Heiken Ashi candle was posted on the daily time frame after a series of red candles. This suggests to me that we may see a multi-day bull run.
Hello,Friends! USD/CAD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.363 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1929.145. Taking into consideration the structure & trend analysis, I believe that the market will reach 1937.904 level soon. P.S Overbought describes a period of time...
Hello,Traders! GOLD broke the local Horizontal level of 1930$ Which is now a support And Gold is now retesting This level again so I think That we are likely to see A local bullish rebound And a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_CAD is about to retest a key structure level of 1.6551 Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-NZD fell down sharply And the pair is locally Oversold so as it is retesting A horizontal support of 2.0859 A local bullish correction Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BNB fixed above 50EMA (1H TF) Trading volumes remain stable. I think that the asset will continue to grow after fixing above the resistance level.
Take a look at our analysis for SPX500USD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 4465.6. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 4478.5 level. P.S We determine...
Please, check our technical outlook for BITCOIN. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 27133. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 28390 level. P.S Overbought...
Take a look at our analysis for GBPJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 183.094. Taking into consideration the structure & trend analysis, I believe that the market will reach 184.077 level soon. P.S The term oversold refers to a condition...
FIL fixed above 200EMA (4H TF) TD Sequential formed a reversal signal up on 1H TF. RSI is at neutral values. I expect a bounce from the support.
Hey Traders, in today’s trading session we are monitoring USDCAD for a buying opportunity around 1.33700 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.33700 support and resistance area. Trade safe, Joe.