BTC has formed a rising wedge pattern following an increase and a rejection at its resistance. BTC is expected to decline temporarily before breaking through the resistance. The breakout has already been confirmed. TP: 96300 (+2) SL: 99112
The Effect of Sun in Capricorn on Gold (21st December - 30 Days Forward) Historically, when the Sun transitions into Capricorn, gold exhibits a 90% probability of bullish movement within the following 30 days. Key Observations: 1. Seasonal Bullish Pattern The Sun in Capricorn often marks a period of increased demand or positive sentiment for gold, driving...
On smaller timeframes, BTC is forming a pennant pattern. Judging from the strong selling pressure like this, it seems BTC will likely continue to decline, aiming for its strongest support at 91,000.
After a significant decline, BTC has the potential to rebound. Once the Head and Shoulders (HnS) target is reached — with the full length of the Head already achieved — there is potential for a Reversal by Support (RbS) in this area, as previous price corrections occurred multiple times at this level.
NZDCAD appears to be heading downward to form wave 5 after a price rebound on its upper trendline and is expected to target its support level. SL: 0.83200 (70 Pips) TP: 0.80750 (+2.5)
1. Pattern Formation: - XRP is forming a descending triangle or a bearish pennant. This pattern often signals a potential continuation of the downtrend, especially if there is a breakout to the downside. - The pattern emerged after a significant price rally, which is typically a consolidation phase before the prevailing trend resumes. 2. Support and...
Gold has formed a pennant pattern and appears to have broken out of the pattern with a relatively large candlestick volume. The pennant pattern emerged following a sharp decline after several days of upward movement—like climbing with stairs and descending with an Lift. On the larger timeframe, there is potential for a Head and Shoulders pattern to...
Solana Break The Falling Wedge Buy Range 230-225 SL: 212 TP: 265
1. Ascending Triangle Formation: - BTC has formed an Ascending Triangle, signaling bullish momentum as it approaches the critical resistance zone labeled as the "100k Gate." - A breakout above this level could pave the way for significant upside movement. 2. AB=CD Pattern Validation : - The AB=CD pattern projects a short-term target at $107,500,...
XRP create Pennant Pattern Buy on breakout Stop loss at previous low, Tp at target pole SL: 2.5777 TP: 3.1777
BNB create Pennant Pattern with perfect 5 wave Stop loss at previous low, Tp at target pole SL: 645 TP: 691
USDCHF is seen showing resistance to the support Become Resistance, and also coincides with Fibonacci 0.618 and 1,618. The potential price to fall is very strong. In addition to the main trend of bearish, and the existence of FVG below, accompanied by Stochastic Divergence Tp: 0.88536 (+3) SL: 0.89336 (20 pips)
Overall, the price in the bearish trend. We predict that prices will continue to decline. Support on small timeframes that have been break coupled with retest at this time, increasing the possibility of further bearish movement. TP: 155.430 (+2) S: 158.430 (100 pips)
The major trend remains bearish; we predict that the price will continue its downward movement. TP: 0.88316 (+2) SL: 0.89066 (25 pips)
Overall, the price is in a bearish trend. We anticipate that there is still potential for the price to decline further. TP: 169.905 (+2) SL: 172.155 (75 pips)
The current price is at the upper trendline of a down channel. Overall, the price is in a bearish trend, and we anticipate that it will continue to decline. TP: 175.650 (+2) SL: 178.050 (80 pips)
The current price is at the 0.618 retracement level and also at the upper trendline. We predict that the price will continue to decline until it reaches its major support level. TP: 113.279 (+2) SL: 115.529 (75 pips)
The recent rejection at the previous support level suggests a potential price reversal. TP: 0.65380 (+2) SL: 0.64480 (30 pips)