Am I seeing things? Looks like Bitcoin might pump to around 80K+ if this is the starting pump of an inverse H/S. MACD indicates a reversal. RSI is trending up as is the volume. The support is holding nicely at 56K
Descending Channel: The price action was moving within a well-defined descending channel, indicating a short-term bearish trend. The upper and lower boundaries of the channel have been respected multiple times, reinforcing the pattern's validity. 4H LQZ (Liquidity Zone) at 2,501.592: The price reached the 4-hour Liquidity Zone around 2,501.592 and failed to...
UMA is approaching an ideal buy-back zone whilst forming an important chart pattern - the Three Dives Down Pattern. This pattern goes by many names including Three Drivers, Three Drives Down and Three Dives Down (which is the one I prefer to use). This pattern is bearish for the SHORT term, but bullish for the NEAR and LONGER term. It's important to note that...
Hello there, From the support line at 142.82, Solana on the H1 chart has the potential to rise to 149.50. A bell notification is set at 143.18, and it will need confirmation for the bullish trajectory, which is estimated to last for a day. Happy Trading, K.
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including: 1) You know why.. 2) RSI resistance breakout. 3) Multiple oscillators print positive divergence with price action. More or less all of them. 4) No stock splits. 5) Some other things,...
Gold Technical Analysis: Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date. Current Outlook: After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the...
Brothers, after gold broke through the 2500 mark, the rise and fall of gold have converged, and the continuity of long and short positions is not strong. But relatively speaking, there is still strong buying support below gold, so even if gold fell below 2480 yesterday, it can still recover and is currently running near 2500. Gold generally maintained a narrow...
End of day update from us here at KOG: Interesting week on Gold but a very clean on in terms of the analysis and path given. We've shown on the chart what we've achieved staying the right side of it and making the most of the moves. We've completed numerous targets and today we suggested holding those longs for the Excalibur target that was active. Now we have...
Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
The HTF shows a strong bullish trend, but remember, there’s always a trend within the trend. As the price approaches the HTF Supply Zone, there might be an opportunity for a short position during the correction before the uptrend continues. Although this setup could be considered high-risk, as it goes against the trend, careful money management can help minimize...
EUR/USD 6H Chart Analysis Next Outlook: The EUR/USD is currently consolidating after rebounding from a key support area. The next movement will depend on the price’s interaction with the highlighted resistance zone. Bullish Scenario: now will try to reach 1.10828 and If the price breaks above the resistance zone between 1.10828 and 1.11413, it will likely...
Gold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance. tp2510. sl2480 Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars. Many people are often blind in their operations. But members who continue to pay attention...
On the 5 day chart price action has corrected 90% since closing the previous idea (below) on June 21st 2023 after a 200% rally. A number of reasons now exist to consider a new long position now that the short is closed. 1) RSI resistance breakout and backtest confirmation. 2) Strong regular bullish divergence. Look left. 3) Monthly support. See below. 4) No...
BINANCE:BNXUSDT looks quite strong relative to the entire cryptocurrency market, maintaining an already strong bullish trend. The price is forming a range and it is worth paying attention to its boundaries... The situation is complicated by panic, bitcoin is unstable and thus creates unnecessary volatility in the whole market. The ideal outcome would be to...
Futures Edge Higher as S&P 500 and Nasdaq Extend Six-Day Winning Streak Nasdaq Technical Analysis The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs. Bullish Scenario: For a bullish continuation, the price must break above 19,625 and close a 4-hour candle...
Canadian Dollar Technical Outlook The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628. For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828. Key Levels: - Pivot Price: 1.3743 - Resistance Levels: 1.3773, 1.3825, 1.3862 - Support...
Equities Rise as Fed Minutes Indicate September Rate Cut Likely Current Technical Outlook: The trend suggests a potential upward movement as long as the price stays above 40,860. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs. Bullish Scenario: Stability above 40,850, could drive an increase toward 41,030, with...
Current Situation: Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be. Trade Position: Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the...