Mcenzy

Mcenzy Updated 

The EUR/USD is trading in an ascending channel on the 15-min timeframe, with clear higher highs (HH) and higher lows (LL). The recent rejection near 1.0528 suggests a possible move toward channel support at 1.0397. Trading Plan Short (Sell): Entry: Near 1.0528 rejection. Target: 1.0397 (channel support). Stop Loss: Above 1.0535. Long (Buy): Entry: Around 1.0397...

Mcenzy

📈 Setup: The stock is forming a clear structure of higher highs, suggesting an ongoing uptrend. A key resistance level is in focus, and a breakout could lead to a continuation move. 🔹 Trade Plan (Not the Full Setup) 📌 Entry Idea: A confirmation above a key level would validate the breakout. 🎯 Target Zone: A specific price area that aligns with historical...

Mcenzy Updated 

Entry Point: Around 1.0400 (current level, continuation expected). Take Profit (TP): 1.0485 (key resistance level). Stop Loss (SL): Option 1: 1.0360 (just below recent support and breakout level for a conservative stop). Option 2: 1.0325 (below the base of the breakout for a wider margin). Explanation: Breakout Confirmation: The price has decisively broken out of...

Mcenzy Updated 

Descending Channel Breakout: ACH has smashed through a long-term descending trend line, signaling a strong reversal in play. 📉➡️📈 Higher Highs: Consecutive HH formations are fueling bullish momentum—classic trend reversal confirmation! 🔄 Target Resistance: Eyes on the key Fib zone at $0.03765 for the next leg up! 📊💹 Support Level: Solid base around...

Mcenzy Updated 

Key Observations: Descending Channel: GBP/USD is firmly within a downward sloping channel, with repeated lower highs and lower lows, indicating strong bearish pressure. Critical Support at 1.2290: The price is heading toward 1.2290, a significant support level where previous bounces have occurred. Momentum Indicators: The Ichimoku cloud shows bearish sentiment...

Mcenzy Updated 

Exxon Mobil (XOM) is holding steady around the $106-$107 support level, with strong trading activity in this range suggesting it could be building momentum for a move toward the $109-$110 resistance zone. The high volume at these levels shows solid interest, which could support an upward breakout if buyers step in. However, if it fails to break above $109-$110,...

Mcenzy

Entry Point: Around $1.05–$1.07 (expected retracement level before continuation upward) Take Profit (TP): $1.40 (Key resistance level) Stop Loss (SL): $1.00 (Below support and retracement zone) Explanation: Trend and Momentum: ADA/USD is in an upward trend, making higher highs and higher lows, suggesting bullish momentum. The price recently broke through a...

Mcenzy

🌟 Overview: Carnival Corporation is showing promising uptrend momentum, backed by strong technical indicators and improving fundamentals. The current price of $26.00 places it at a pivotal zone, suggesting potential upside targets. 🔍 Key Technical Insights: Higher Highs and Higher Lows: The stock is maintaining an uptrend structure with sequential higher highs...

Mcenzy

📈 Key Targets: First Target: $44.07 Based on historical price behavior and current market dynamics. Stretch Target: $45.58 A potential upside extension if momentum persists beyond the initial target. Market Observations: Strong Recovery: The price has shown consistent recovery from previous lows, building a solid case for a continued upward trajectory. Critical...

Mcenzy

Price Target Analysis: Key Levels: Primary Target: $176.83 (1.0 Fibonacci Extension) with a 75% probability. Extended Target: $196.46 (1.618 Fibonacci Extension) with a 60% probability. Support Zones: Immediate support at $145.06 (0.459 Fibonacci). Critical support at $138.38 (key invalidation level). Elliott Wave Projection: Wave 4 correction...

Mcenzy

Key Observations: Elliott Wave Count: Wave 4 correction has been completed, and the price has initiated Wave 5. Price is moving within the projected Fibonacci levels to a potential target zone. Key Targets: Primary Target: $67.81 (1.618 Fibonacci extension). Intermediate Targets: $63.79 (1.00 Fibonacci extension) and $61.30 (0.618 Fibonacci extension). Support...

Mcenzy

Key Observations: Elliott Wave Structure: The analysis identifies a potential completion of Wave 4, setting the stage for Wave 5. Price is projected to move towards the key resistance zone near the tip of the arrow. Target Zone: Price Target: $79.34 This level aligns with the Elliott Wave 1.00 Fibonacci Extension, indicating a potential bullish breakout. Support...

Mcenzy

📈 Why You Should Watch This: Breakout Alert: EOS/USD has broken its descending trendline, signaling a shift in momentum. Higher Highs: Recent bullish structure suggests strong buying pressure is building. 🔥 Targets: Primary Target: $1.06 (+10%) Extended Target: $1.20 (+20%) ⚠️ Risk Alert: Failure Probability: 30% chance of rejection back to $0.62 if momentum...

Mcenzy Updated 

EUR/USD is showing strong bearish momentum, with consistent lower highs and lows, pointing to a continuation of the current downtrend. The price is approaching a critical support level at 1.03109, which has been tested multiple times, weakening its strength. A break below this level aligns with the broader trend and suggests a move to the next significant zone of...

Mcenzy

Elliott Wave Structure: Wave Count: The chart illustrates a completed 5-wave corrective structure (labeled 1 through 5 in yellow). A possible ABC corrective wave is underway, suggesting the start of a bullish retracement phase. Breakout Potential: Price is testing a key resistance level at 0.000027, a critical zone to confirm bullish continuation. If the...

Mcenzy

Elliott Wave Structure: The price appears to be completing a 5-wave corrective structure, with wave (5) targeting the 1.618 extension of the previous wave (approximately 0.8769). This indicates a continuation of the bearish trend until wave (5) concludes. Fibonacci Levels: Key retracement zones between 0.9043 (61.8%), 0.9014 (50%), and 0.8985 (38.2%) have acted...

Mcenzy

Chart Observations: Descending Trend with Lower Highs: The Dogecoin/BTC pair consistently shows lower highs, reflecting weakening bullish momentum. The trend is confined within a descending channel, with no clear breakout attempt. Critical Support at 0.000003 BTC: The pair is approaching 0.000003 BTC, a key support level. While this could provide temporary...

Mcenzy

Ethereum Classic (ETC/USD) is at a pivotal moment, with the potential for significant movement in either direction based on current technical patterns. Here's a detailed outlook: Key Scenarios: Bullish Case: The price is forming higher highs and higher lows, indicating an emerging bullish structure. A breakout above $77.45 (Fibonacci resistance) could signal a...