The market has tested the resistance level. The price, after updating highs, is pulling back to support levels, which is the swap zone. The market's main support was tested and bounced off after level rejection. I think the FX:USDCAD might be moving upward because the main trend is bullish. I expect the price to retest this week's low and bounce off. There is a...
BINANCE:SHIBUSDT broke through the range zone, making an impulse move. It formed another range zone in the shape of the triangle pattern. The market is squeezed. I think the market is in the accumulation phase above the round number at 0.00002000. We saw a massive, long-tailed bar rejecting the support level, which is the big buy zone. I expect the market to make...
Yesterday, the market responded weakly to the entry zone. We did not see a strong bullish move, which means that bulls are not ready to buy at current prices. I think the OANDA:XAUUSD is going to pullback toward the bottom of the range zone. Since we have upcoming news today, there is a chance that the price may roll back. As you can see, the key resistance at...
The price perfectly fulfilled my last idea, and it went up towards the resistance and hit TP. The price is overall in the range phase on the 4H timeframe, and currently it is pulling back to resistance after a massive sell-off or impulse leg. I think that the price might fall from the key resistance zone around the 170.000 and upward trendline as well as the upper...
The price perfectly fulfilled my previous idea. The market literally went up and hit the target level. It is heading toward the strong resistance zone, which is the potential swap zone. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market from the optimal entry zone. If the price rejects the resistance at...
The price reached the support level and struggled to make a new extension downward. Even though FX:EURUSD made a weak lower low, which suggested that bears are not ready to sell at current prices, the market formed double-long-tailed bars at the support level. We can see that it keeps rebounding above key level at 1.06000. The price is also forming a potential...
After the Black Swan, BINANCE:BTCUSDT went down, wiping out tons of positions. As we can see, the market is continuing to move downward, even though there are a there are a couple of days left until the halving. It could be two scenarios. First, take liquidity below the key level of 60K, then move upwards. The second scenario is sweeping the local highs and lows...
The price perfectly fulfills my last idea. It hit the target level. BINANCE:BNBUSDT has been making lower lows. It made a pullback, then continued updating LL. As you can see, the market has calmed down after falling. The main idea is that the market will probably move sideways, building liquidity above and below the range zone, which is basically the...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ADAUSDT went straight down, breaking through the support level. It broke and closed below the key level at 0.50. This opens the door to lower levels. I think the market might move down to retest the recent support level. If the market makes a retracement toward resistance around the...
The price perfectly fulfilled my last idea. It hit the target zone. The price bounced off the support level. OANDA:XAUUSD is ranging by forming a traingle pattern. On the daily timeframe, it is an inside bar formation. The price might continue to range because we had a massive sell-off before. I think the market may keep moving sideways; squeezed in the shape of...
The market is approaching the main resistance at 1.72760. The price has broken through the downward channel. FX:GBPCAD is moving sideways below the resistance zone. I think the price is going to take liquidity above the potential range zone and then move down because, if you look at the daily timeframe, the market has been pushed down multiple times from this...
The OANDA:XAUUSD market rallied again in the trading week, showing a lot of momentum movements. On the weekly timeframe, gold showed three consecutive bullish candles in a row without any pullbacks. A pullback should represent a good buying opportunity. However, the last weekly candle closed, forming a long-tailed bar, which means there was bearish pressure. I...
The price perfectly fulfills my last idea. It hit the target level. FX:EURAUD rejected the resistance by forming a long-tailed bar. The market is moving sideways near the resistance zone. It does not show signs of bullish strength. It is worth noting that the price broke the previous week high. I think the market will take liquidity above the PWH and then roll...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD is making lower lows, showing bearish dominance. On the weekly timeframe, the market formed a huge bearish candle. The price has broken through the key level that was holding price since the beginning of December. Most likely, the price is going to continue moving downward towards...
BINANCE:DOTUSDT has been making lower lows as the whole market plunged a few days ago. There is a high likelihood that the market will continue falling, testing the lows. I think the market might just move sideways before there is a clear trend. I expect the market to move downward to an even number at 5.00. Notice the market forms a range zone, followed by a...
The price perfectly fulfills my last idea and it went down from resistance and hit the target level. FX:AUDJPY is in an downtrend and made new low after breaking range zone. The market formed double top then broke the upward channel by making impulse leg. I think the it will go down and test the support level because it broke range zone and channel, additionally...
In a week, another bitcoin halving is expected to take place, which is expected by many cryptocurrency traders. Cryptocurrencies are still a dark horse for traders: sharp price fluctuations in both directions, high volatility attract traders with the supposed simplicity of making money. And although many consider the industry a bubble, there are still enthusiasts...
The price perfectly fulfilled my previous idea. It hit the target level. BINANCE:SOLUSDT plunged as other crypto assets. It hit the support level and went sideways. Overall, the markets are in the correction phase. I think the market might continue moving sideways, which means accumulation, followed by distrubution upside. Although the market may react to BTC...