SOL is about to hit the target of $249, which we mentioned at the beginning of November. Moreover, it could enter discovery mode with the price potentially breaking above the 2021 high. The very short-term trend remains bullish, above $236 per coin, and traders not already long might buy dips starting from $243.50, targeting $250 and $260 per coin.
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Silver prices have bounced 3.75% from their low on November 14th. For now, the area around $30 has held. This suggests silver prices have bottomed and could head higher, but the short-term trend remains steeply bearish. Therefore, waiting a few days for confirmation is likely better. As it stands, the trend remains bearish below 31.15, with traders targeting 30.23...
EURUSD remains bearish below 1.0620, with traders likely targeting further downside.
Last week's U.S. inflation rose to 2.6% annually, which is too high, with core inflation steady at 3.3%. Jobless claims dropped to the lowest since May, with initial claims falling by 4,000 to 217,000, indicating a resilient labour market. Both data points reduced the chances...
Ethereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this...
Bitcoin prices are undoubtedly becoming short-term overbought, but FOMO is driving traders to keep buying. A significant correction will eventually come, wiping out the most leveraged positions. However, the short-term trend remains bullish, above $87,131 per coin. Between this level and $90,000, traders aiming for upside moves will likely be interested in buying,...
The Nasdaq 100 has traded sideways this week, hovering around levels from last Friday. This is expected following Trump's victory, which saw the index generate a strong bullish surge of 5.84%. Traders now require consolidation or correction, which is precisely what we're observing. The default is for markets to pull back. Still, they can also move sideways,...
Gold prices have dropped 8.41% following Trump's victory, and the rationale is simple: Trump's policies are, as we've described in many places, inflationary, which will likely keep interest rates high. Realistically, with the unemployment rate already at 4.1%, attempting to boost GDP at this point will only drive inflation. These expectations are driving gold...
GBPJPY remains in an uptrend above 196.63, with the next resistance levels and potential targets for bullish traders at 197.96 (Thursday's high) and 198.43 (Monday's high). However, if the price falls below the trend-defining level at 196.63, a swift drop to the psychological level of 196 is likely.
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In the very short term, the price is oversold, making the risk-to-reward ratio for fresh shorts poor. However, the situation improves as the price reaches the 0.5884 to 0.5907 zone. The next support levels and targets for bearish trades are 0.5866, followed by 0.5830.
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The USDJPY pair is under pressure as the dollar has given up part of its gains since the election of President Trump. However, the trend for USDJPY remains upward, and we’re currently seeing a correction.
In addition, why should we anticipate USDJPY to keep pushing higher for now? President Trump’s plans to cut taxes are likely to boost inflation, especially...
Solana prices have finally broken out of a descending triangle, pushing and closing above the trend line at $178.60 per coin. In the short term, if there’s a correction toward $181.44 and it does not dip below $168.48, traders are likely to buy this dip, aiming for the $249 target level.
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Bitcoin prices are on track toward the 86k target we mentioned a couple of days ago, following the triggering of a double-top pattern. Of course, we should not rule out volatility in the short term, and the critical level to watch now is 66,575. Above that level, traders are likely to buy on dips. What's your take on Bitcoin?
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Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest...
Looking forward, a large wedge pattern has emerged in EURUSD, targeting 1.0305 following a break below last week's low. While this pattern alone isn’t highly reliable, the recent election results have increased the odds of it unfolding. The pattern remains active as long as the price holds below 1.0830.
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Brent crude oil prices remain bearish below the October 29 high of $72.15 per barrel, with traders likely targeting the recent low around $70.49. A break below this level could drive prices further down to the next support at $69.40. Conversely, a push above $72.15 could lift prices higher, potentially closing the gap from Sunday. This gap emerged after news that...
GBPJPY recently reached a target we discussed a couple of weeks ago, and the bullish trend remains intact above the 197.76 level. The price bounced from this level on Sunday, Monday, and Tuesday. If the price dips to around 198.42 but holds above 197.76, I anticipate bullish traders will likely support the price, aiming to lift it toward the resistance at 199.43....
Altcoins like Shiba Inu are gaining momentum as Bitcoin edges closer to a new all-time high.
For Shiba, the last 135 days of price action on the 3-day chart reveal two significant patterns. First, an inverse head and shoulders pattern suggests that a breakout above the October 18 high could drive Shiba Inu up by 37.71%, reaching the upper level indicated on the...
Israel's targeted strike, which avoided Iran's energy facilities, is driving crude oil prices sharply lower. After closing Friday at $75 per barrel, prices opened today at $72.61 and quickly dropped to a low of $71. This has created a notable gap between today’s high and Friday’s close, which could be filled if prices rebound temporarily before resuming a...
