AndeWave

AndeWave

A false breakout was formed in the area of 1.0400, where sellers' stop losses were collected. After that, the price rose sharply to the key resistance at 1.053. This level limits the market from further growth Support: 1.0400, 1.0475 (key retest zone) Resistance: 1.0530, 1.0629, 1.0682 Market Structure: On the lower timeframes (4H), the price has broken the...

AndeWave Updated 

- Gold is trading in a phase of deep correction after reaching local highs. - The price formed a false breakdown of the key support level, which may indicate the liquidation of weak positions before a possible corrective growth. - The dollar index (DXY) shows growth, which puts additional pressure on gold. Liquidation and reaction - There was a longs...

AndeWave

Resistance at 2955 plays a key role. The clear line shows the bears' defense, which is gradually giving weakness and can be broken. A break of 2955 will open the way to 3000. Bulls are buying the potential within the rising support line. Any false breakout or touch of the line is aggressively bought out and the price rises. This could continue for a long time for...

AndeWave Updated 

Technical analysis of BTC/USD 1. Global trend (Daily chart, left) BTC/USD is trading in a range, but the overall trend looks downward after the previous strong rise. The price is sandwiched between $98.345 (resistance) and $91.203 (support) levels. The lack of strong upward impulses indicates the weakness of buyers. 2- Local trend (4H chart, right) On the 4H...

AndeWave Updated 

USDJPY is falling after a false breakdown. But, most likely, the fall of the dollar index, which happened after the change of the political position of the US leadership, also had a huge impact here. The index is likely to continue its fall and this will help the currency pair to fall even further Scenario: support 151.0 is ahead, from which a rebound to...

AndeWave

SOL - the fundamental situation is improving due to the news that the SEC is starting to work on SOL-ETF, or rather actively accepting applications. Approval of SOL-ETF is a matter of time. The price is coming out of the downtrend, the fundamental background (economic news) is gradually turning in a favorable direction. Scenario: Price consolidation above 200 -...

AndeWave Updated 

Gold is surprisingly bullish and there are reasons for that. The main and important one is the tariff war unleashed by Trump. A classic manipulative game between countries, which is very much reflected in the forex markets and not only. Tomorrow it is worth paying attention to the NFP, which can both support the market and destroy the local structure. Gold...

AndeWave

EURUSD continues to form a downtrend. The price is trading below the key resistance level of 1.0333. Earlier, from Monday's opening, the market formed a gap, which has already managed to close and after a false breakout of resistance, the currency pair is trying to consolidate in the selling zone. Scenario: If the price fails to break the resistance at 1.033 and...

AndeWave Updated 

FILUSDT has a strong downtrend. Against the backdrop of a strong bitcoin rally and an active altcoin season, FIL failed to realize itself. At the moment, the price has tucked into the strong resistance of 4.900 and failed to overcome it. At the same time, bitcoin is forming a locking bearish formation and any small impulse can trigger a bearish impulse in...

AndeWave Updated 

Binance (BNB) is facing fundamental difficulties regarding cryptocurrencies in France. The following became clear today: French investigators have opened a judicial investigation into money laundering, tax fraud, illegal drug trafficking and other charges against the binance exchange - RTRS Overall this is a negative fundamental backdrop, but there is a but....

AndeWave

GBPUSD is testing the downtrend and bears' nerves. The price is trying to break the resistance of the downtrend and based on the overall situation compared to the dollar, the pound sterling has great chances. The fundamental background is gradually changing in favor of GBP Scenario: The price has already broken the trend resistance. Consolidation and...

AndeWave

GOLD is approaching the reversal point, but before that the market may draw the all-time favorite trap - a breakout, but false :) that will allow to collect as much liquidity as possible before further reversal. Scenario: Gold closes Friday on a small correction after reaching 2786. Most likely the price may test the nearest support, supposedly showing traders...

AndeWave

Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle. Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is...

AndeWave Updated 

GBPJPY after a false breakdown confirms the strong level of 190.67 and tries to strengthen within the upward price channel from D1. The price is at a rather important resistance that could open the way to 200.00, but the situation is strained by the expectation of Friday's rate news from the central bank of Japan. A rate cut could strengthen the JPY, but...

AndeWave Updated 

GOLD is testing the liquidity zone and sellers are trying to put pressure at the moment. But, it is worth to realize that Trump's policy is a risk for the market. Gold is still a safe-haven asset, which is remembered when risks rise. Scenario: We are waiting for a correction to 2710 - 2690. This is an integral part of the scenario development after the false...

AndeWave Updated 

GBPJPY is testing a strong support line in the correction phase, which was formed inside the uptrend forming on the weekly timeframe. False breakout and price consolidation above the line indicates that buyers are trying to defend their limits. Ahead of the CPI report, if it is weak like yesterday's PPI, the currency pair may rise. Scenario: The price...

AndeWave Updated 

GOLD on the background of high economic risks is rising breaking through the barriers and realizing consolidation in the rally. The price is heading towards a strong liquidity zone, which is quite capable of stopping such a strong growth, which is now forming. Scenario: All eyes are on 2721. A false breakout or consolidation below the level (reasons for a...

AndeWave Updated 

AAVEUSDT is regaining its bullish outlook. The false breakdown of support was an invitation ticket for buyers, who returned to aggressive buying. There is important news ahead that could be a good driver for the coin. Scenario: After liquidation and liquidity capture from support, the market switches to resistance. Taking into account the fact that globally we...