Sober_Trading

Sober_Trading Updated 

TVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many...

Sober_Trading Updated 

Following the sharp fall in FX:USDJPY after PPI and CPI news, we expect further downside, potentially reaching the middle or bottom of the channel. 📉 Each push-up could be a short entry opportunity. Even a strong rise below 158 might be a dead cat bounce and a better short entry point. Stay cautious and strategic! 🔻

Sober_Trading Updated 

BINANCE:BTCUSDT is currently oscillating within a new trading range, establishing a trustable support zone while facing a weaker resistance trendline and resistance zone. Given this setup, a breakout isn’t the primary expectation just yet. 🔹 Key Observations: Support Zone Strength: The support zone is stronger than the resistance, making it less likely for BTC...

Sober_Trading

BINANCE:BTCUSDT is currently at the bottom of a descending channel on the 4H timeframe, aligning with a key support level. Given the broader bullish trend on higher timeframes, this zone could provide a strong foundation for a rebound. 📊 Key Observations: Descending Channel Support: Price is testing the lower boundary of the channel, historically acting as a...

Sober_Trading Updated 

BINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key...

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The FX:AUDUSD has shown strong bullish momentum after hunting liquidity below the 2022 low on the daily and weekly timeframes. ✅ Breakout & Retest: The pair successfully broke the descending channel's resistance and is now pulling back to the breakout zone, confirming its strength. ✅ Higher High Formation: A higher high structure supports the bullish bias,...

Sober_Trading

Despite various market news over the past few days, USDCAD remains within its trading range, as previously discussed. The pair has yet to make a valid breakout, meaning range trading remains a viable strategy. 📉 Price has rejected the top of the range after recent news, aligning with expectations. 📌 Opportunities arise at key support & resistance zones within...

Sober_Trading

BLACKBULL:WTI is oscillating between two key trend lines, and after hunting liquidity under the last bullish leg, another upward move is possible. This setup presents buy opportunities on lower time frames, and I’ll update this idea accordingly. Additionally, oil remains within a broader trading range, reacting precisely to the mid-zone, which has previously...

Sober_Trading

COINBASE:BTCUSD is consolidating within a narrow range, and a breakout could trigger a strong move. Given the sharp drop yesterday, this ascending channel may act as a bearish flag, signaling a potential continuation of the downtrend. If BTC loses support, expect another significant fall. Watching for a breakdown confirmation! 📉 Stay alert for price action signals!

Sober_Trading Updated 

OANDA:XAUUSD is oscillating in a trading range, forming an ascending channel. It is currently consolidating over a key support zone, presenting a good opportunity to buy with a logical stop-loss. The bullish momentum could drive XAUUSD towards the $2700 mark again.

Sober_Trading Updated 

While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY . In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a...

Sober_Trading Updated 

Following the USA election, the crypto market experienced a significant rally, seemingly pricing in expectations around the Inauguration of Donald Trump. As the market has likely anticipated much of the impact from potential upcoming policies, we could see oscillations between sharp rises and falls in the coming days. A downward correction appears more probable as...

Sober_Trading Updated 

BINANCE:BTCUSDT has been consolidating in a trading range for the past two days. As seen on the heat map, the price hunted liquidity below the range, making a strong case for a reversal. Now, BTC could target the liquidity above the trading range, which is spread across two key zones. This setup indicates a bullish opportunity as the market moves toward these...

Sober_Trading

The FX:USDCAD pair fell sharply after news of Canada responding to potential US tariff changes under Donald Trump. It has now reached the bottom of the trading range on the 4H timeframe. 💡 Key Strategy: Wait for breakout confirmations or enter on a pullback. Avoid rushing in; price action confirmations are essential for entries! Patience and strategy always...

Sober_Trading

🚀 BINANCE:LINKUSDT Price Analysis 🌟 Weekly Time Frame: LINK has shown consistent growth after breaking out and consolidating above key zones. Now, it’s consolidating over a crucial support zone, signaling potential for a strong upward move. Daily Time Frame: Liquidity under $20 has been hunted, setting the stage for a potential bullish flag breakout. 4-Hour...

Sober_Trading Updated 

As BINANCE:BTCUSDT approached the $100K resistance zone, bullish momentum faded, leading to a breakdown below the ascending channel support trendline. Currently, BTC is forming a bearish flag, with favorable liquidity under the minor support zone. This suggests a potential drop toward the GETTEX:97K zone, aligning with the next key support area.

Sober_Trading

CRYPTOCAP:BTC.D remains firmly within its long-standing ascending channel. The recent “fake breakout” below the channel has been invalidated as dominance swiftly returned to the channel, showing a strong reaction and confirming the channel’s validity. This suggests: ✅ Bullish Implication for BTC: Bitcoin is likely to continue gaining dominance in bullish moves,...

Sober_Trading Updated 

The current low market volume is typical during the Christmas and New Year holiday period, as institutional players and many retail traders reduce activity. This reduction in liquidity often leads to lower volatility and smaller price movements. In this scenario, BINANCE:BTCUSDT appears to be consolidating within a well-defined range, as highlighted by the...