THETA's trajectory has taken a decisive turn, piercing through a critical level and retracing back to it. This area now serves as the last bearish resistance, hinting at a potential decline from here on. Keep a close watch for pivotal movements.
The USD/CHF pair is approaching a key order block zone, showing signs of waning buying pressure. It appears primed for a pullback to retest the last significant bullish pivot. Keep an eye on this area for potential trading opportunities.
Bitcoin is exhibiting a divergence between the RSI and its price and it means another fall. From my point of view, it appears likely that Bitcoin will first target liquidity above the resistance zone before potentially experiencing a decline.
Bitcoin struggled to make a strong ascent and is now approaching the resistance zone with difficulty. Consequently, I anticipate a further decline, at least to retest the support zone.
XAUUSD is currently positioned within the support zone and has potential to ascend towards yesterday's closing price at $2318 or above. Additionally, this presents a valuable position to consider taking.
Gold is adhering to the ascending channel pattern, creating a higher low at the channel's lower boundary, signaling strength in the uptrend. This suggests a high potential for the price to test the upper limits of the channel.
WTI Oil has indeed finished its second leg and retracted back to a significant order block zone. This is often a signal for potential accumulation before another ascent. Based on current patterns, it's poised to climb back up towards the previous decline pivot, setting up an interesting play for those watching the oil markets.
Bitcoin's recent price action has shown a pronounced bullish spike, breaking through the upper bearish trendline of its prevailing trend. This breakthrough was followed by the formation of an ascending channel, showcasing a steady uptrend. After this climb, we've observed Bitcoin settling into a sideways trading range, which was key for setting the take-profit...
Bitcoin has successfully rebounded from the support area and broken through the principal descending trendline. Following this pullback, there's a solid chance for a significant upward movement if the minor trendline is breached. Keep an eye on the trend for the best trading opportunities.
DYDX's price action has breached the daily supportive trendline and concluded its pullback, signaling a strong likelihood of further descent, potentially reaching the $2 level as it enters a downward trajectory. Keep an eye on this space for updates.
Bitcoin's challenge with the resistance zone is evident; it's yet to muster the strength to break through. Presently, I'm anticipating a potential decline. Keep an eye on this space for updates.
FIL, after a substantial drop from its all-time high, showed some recovery. However, it seems to have met a strong resistance zone it couldn't breach. From this vantage point, it looks poised for a potential fall, possibly retracing back below the $5 mark again. This could represent a significant move for those keeping an eye on FIL, suggesting a bearish outlook...
Bitcoin is hinting at a consolidation phase above the key resistance area. Should it decisively break the prevailing downtrend line, we're looking at a potential upward journey towards the next significant order block zone. Keep a close eye on the breakout to confirm the bullish momentum.
The 15-minute chart for XAUUSD is showing a clear pattern of resistance. After two unsuccessful attempts to break through the key zone, the third attempt appears to be faltering as well. This could indicate that we're on the brink of a sharp decline as selling pressure intensifies.
The Bitcoin weekly chart exhibits a pattern of three significant upswings, each nearing a 90% increase, followed by roughly 20% corrections after the first and second legs. As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K. Given this historical pattern and the cyclic nature of Bitcoin's price...
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.
The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum. This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone. Traders should watch these levels closely for signs of continued bearish movement.
Bitcoin's price movement appears to have completed its second leg up, and the current pattern suggests a high likelihood of a correction phase. With this potential pullback, BTC prices could retrace to test the previous support zone. Traders should monitor these levels closely, as they could offer critical insights into Bitcoin's near-term directional bias.