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BITCOIN - Price can make correction to $49000 support levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price started to trades in flat, price some time traded near $41300 level, which coincided with support area and bounced up. After this, BTC rose to $49000 level, exiting from flat and entering to triangle, where price made downward impulse. Price declined from resistance line to support line of triangle, breaking $41300 level, but soon price rose higher this level. Next, Bitcoin made strong upward impulse to $49000 level, which coincided with support area, thereby exiting from triangle. Also soon, price broke this level and recently rose higher support area, and now I think Bitcoin can little grow firstly. Then price will turn around and start to decline to $49000 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
BNBUSDT - Price can make one more little move up and start fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 A few time ago price started to trades in flat, where it rebounded from support area to $293 support level. But at once BNB bounced and later rose almost to $328-323 area and then declined lower $293 level to bottom part of flat. Next, price turned around and in a short time rose back to $328-323 area and some time traded in this zone. BNB made little correction, after which turned around and made strong upward impulse to $366 points. Thereby price exited from flat and breaking $328 level, and recently made a little correction to $354 I think that Binance Coin can make one more little movement up, after which price turn around and start to decline to $338 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD - Formation of a bearish channel. Bounce before the fall FOREXCOM:XAUUSD is moving into a consolidation phase after a phase of strong sell-offs. The probable reason could be the news that the market is waiting for. What can happen in the market? The general fundamental background for gold is negative, therefore, it is worth considering further prospects downward. Technically, a descending channel is beginning to form on the chart, but the price is already forming a rebound from the trend support, confirming the presence of the channel boundary. As the news is ahead, before the fundamental data update, the gold market may test one of the key resistances to capture liquidity. Such target may be MA-50, 1998, or the boundary of the range 2000-2004. And the target on the background of the bearish trend may be the area of 1980 - 1976. Support levels: 1990 Resistance levels: MA-50, 1998, 2000, 2004 Traders are waiting for the news, analysts are generally expecting bearish numbers, but something tells us that the current US policy will not allow strong bearish data. Technically the trend is bearish and after the rally, the price may test the sellers' liquidity zones before falling further TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
RIPPLE - Price can bounce from support area and continue to riseHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it declined to $0.5400 level, which coincided with support area. Then price broke this level, exited from channel, and entered to flat, where Ripple declined until to $0.4970 level. Price rose to $0.5400 level, but soon it turned around and fell back to $0.4970 level, which coincided with one more support area. After this movement, XRP turned around and in a short time rose to $0.5400 level and broke it, thereby exiting from flat. Also recently, price rose higher than support area and now I think that Ripple can correct to support level. Next, XRP will bounce from support level and continue to move up to $0.5750 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GOLD → News takes price out of uptrend and consolidationFOREXCOM:XAUUSD is leaving the range. It happened. Tuesday's news defines the medium-term outlook for the market and, amid selling pressure, the price reaches targets below 2000. Today we have no news, the fundamental background remains the same - negative for gold. The chart above clearly shows that the price is coming out of the consolidation phase and the uptrend. The strong support area is broken, and the closing of the daily candle on Tuesday defines the local boundary at 1990, if it is broken, the decline will continue. Actual targets at the moment are 1980 - 1976. A strong enough liquidity zone that beckons this wave of momentum. After the inflation report, the dollar continues to rise, and the markets are now betting that the Fed will not cut rates before June, which is a negative leverage for the forex, including the XAU. Resistance levels: 1993, 1997, 2000, 2004 Support levels: 1990, 1980, 1976 1990 plays a key role. There may be a correction or multiple retests before the breakout. But a pre-breakout consolidation or consolidation below 1990 may start further sell-offs towards 1980 TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GBPUSD → Weak pound on negative fundamental backdrop FX:GBPUSD is finally coming out of a long consolidation. Tuesday's news determines the medium-term prospects for the market, and most likely the decline will continue. The target at the moment is 1.25000 - liquidity area and also an important psychological level. The bullish correction is coming to an end and the price is back in the bearish phase. After the inflation report, the markets are now betting that the Fed may start the interest rate cut phase in the summer. The forex market is plunging into the red corridor on the back of a rising TVC:DXY . The currency pair will technically reach 1.2500 in the near term and a correction may follow after a false breakdown. Resistance levels: 1.2615, 1.2650 Support levels: 1.2520, 1.2500 A break of consolidation support opens a bearish trend. Negative fundamental background will favor it. The nearest target is 1.25, further correction may follow before the subsequent fall to 1.2380. Regards R. Linda!
Short
by RLinda
4
BITCOIN → Retest 48K. Should we wait for resistance breakout?BINANCE:BTCUSD confidently consolidates above 42K, thus forming an intermediate bottom, after which the price tests the currently important resistance 48234, but does not reach it and forms a rebound. Idea: BTCUSD → Consolidation after the rally. What's next? Earlier we discussed the importance of the 42K level, which was tested by the flagman for a long time and at some point, when the market calmed down after a huge burst of selling, buyers successfully consolidate above the level, thus marking it as the strongest support at the moment, forming a bottom, strengthening to 44500 with the subsequent break of resistance and growth to the global resistance. This once again proves that the coin has huge interest, excellent fundamentals and technical analysis. Pic: Formation of intermediate resistance at 47281. The price is closing close to the level At the moment we are interested in the resistance 47281. And we are interested in it because this level was formed earlier on D1 and was also tested. Today the price reaches this level and forms a false breakout, but the most important thing is that the daily candlestick closes very close to the level. Based on this we can assume that the consolidation distribution is not over. Buyers are strong, but after the false breakout, from a technical point of view, a pullback is needed. The pullback could be directed towards 0.236 fibo, 45500, or 0.382 fibo. The signal that will indicate the market's readiness to break through resistance and growth will be a pre-breakout consolidation at 47281 and whether the retest, which will be slow (slow price approach to the level). Pic: Bullish trend in BTCUSD. The price is coming out of consolidation Prospects are excellent at the moment. There is no strong decline amid the rally since last fall. Price is moving from distribution to consolidation and further into distribution, which is a strong pattern indicating huge interest. Resistance levels: 47281, 48234, trend resistance Support levels: 0.236 fibo, 45500, 0.382 fibo The trend is bullish. Friday session closing indicates that the market is ready to continue the growth, but, the formed false breakdown may give a small correction before further growth CME:BTC1! AMEX:GBTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
63
ETHUSD → What's the significance of 2300? When's the growth?BINANCE:ETHUSD in the correction phase is testing the ascending support line, which divides the bullish trend into two planes. At the moment it is worth to pay attention to the level of high importance - 2300. This level was formed in the beginning of 2022 and has several confirmations, including the current consolidation, or rather the sawing of this area. The price looks quite strong, because on the unclear market sentiment, ETH is still above the support and buyers are not yet letting the price near the risk zone - 2230 - 2145. The fundamentals are fairly confident for eth. The coin from further growth at the moment is restrained by a stop in BTC, which after a rally of a number of fundamental reasons went into a consolidation phase. Support levels: 2300, rising line, 2145 Resistance levels: 2383. In the future, if the situation persists and the coin does not break the support, we should consider consolidation above 2300 with the subsequent breakout of 2383 and growth to the above target, as the bullish prerequisites are still in place CRYPTOCAP:TOTAL BINANCE:BTCUSD Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
14
GOLD → False breakdown before the news. What to expect?FOREXCOM:XAUUSD , amid the decline we were waiting for, reaches the target of 2015 and forms a false breakout. But the only thing that is constant is the range. What should we expect from the price at this point? Pic: False break of trend line support The dollar stops again and goes into consolidation before another series of news. Today the market is waiting for the CPI. Gold enjoys a very high interest from the Central Bank and traders are actively trying to buy and contain a possible fall. Thus, the false breakdown provokes the growth and strengthens the prices to the resistance 2064 and the trend line. A false breakdown may be highly likely to be followed by a small correction before further growth. Trading inside the range continues, so it is worth to follow the appropriate strategy. Since we have no actual trend, it is acceptable to sell or buy, but only if there is a strong reversal zone and a signal. Resistance levels: 2064, trend line, 2037 Support levels: 2018, 2015 Inside the range, the price is moving between the levels. Based on the situation, I expect a false breakdown of the nearest level, correction to support before further growth to the upper boundary of the range. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
20
EURJPY → Trend movement continues FX:EURJPY is recovering mainly on the background of the growing euro, which is reacting to the falling dollar. The currency pair has local resistance ahead. On D1 we see a weak uptrend, but, the bullish reaction in the market followed after the retest of the false breakdown of the 50-day moving average and this is quite a positive sign as the market is trying to consolidate above the strong support at 158.0. There is an ascending price channel forming on H4, which also coincides with the global trend in its direction. Hence, it is convenient for us to consider buying on this market. To buy, we should consider a rebound from support or a breakout of resistance. The target in our case is the border of the range 161.4. Support levels: 158.6, 159,25 Resistance levels: 160.0, descending resistance. The currency pair may continue the recovery stage. The breakout of the nearest resistance will only accelerate the distribution after the correction. Regards R. Linda!
Long
by RLinda
9
GBPUSD → Consolidation breakthrough. Attempt to change the trendFX:GBPUSD is coming out of the longitudinal consolidation by breaking the lower boundary. The accumulation has been forming for two months. Price breaks support, updates the low and forms a correction to the previously broken level. The dollar index is in a bullish phase, after updating the local high, a correction is forming and the forex market is reacting to it. Most likely the dollar index will continue its growth. Today, at 19:00 the FOMC Bowman will speak, and the current situation on inflation and interest rate will be commented. Technically, from the currency pair we can expect a false breakdown of 1.2615 with the subsequent decline to the levels: 1.2506, 1.2380 Resistance levels: 1.2615, 1.276 Support levels: 1.2506, 1.2380 The currency pair is forming an attempt to change the trend. If the shift is confirmed, the phase of accumulation realization (distribution) may last long enough, the strengthening of the dollar may support the GBP bearish trend. Regards R. Linda!
Short
by RLinda
11
GBPJPY → Level retest, market tries to break the boundary OANDA:GBPJPY is breaking through the 188.3 boundary, formed last year, on the back of another resistance retest. Consolidation of the price above this level will form the potential for further growth. The currency pair was in the phase of sideways movement (flat) for a long time. But, the movement of the last two weeks gives us a premise that this flat may be broken in the near future. Yesterday, the currency pair formed a bullish candlestick that overcame the mentioned flat boundary. The session closes above 188.3 and also at its highs, thus forming a local level - the high of the day - 188.5. A retest of this level is possible in the near future. Our task is to wait for price consolidation above 188.3 - 188.5. This will be a confirmation of the market's readiness to continue the bullish trend. The target in this case will be 190.0 - 191.0. Resistance levels: 188.3, 188.5 Support levels: 187.38, ascending support line I expect the trend to continue, the whales are forming a quick retest of 188.3, which signals the possible end of the flat and the market's transition to the distribution phase and bullish trend. Regards R. Linda!
Long
by RLinda
1
EURUSD → Correction before the fall. The trend is still downwardFX:EURUSD is forming a counter-trend correction towards the liquidity zone and resistance. The currency pair is forming a bearish trend and may continue falling from the resistance. Pic: Key resistance and support zones on the current downtrend The currency pair reaches the support at 1.07254 and forms a correction towards the liquidity zone, presumably it is 1.0820 - 1.08215. On the background of a strong bearish trend, which is defined by the strengthening TVC:DXY , the euro may continue to lose its positions after the retest of 1.08200. At the moment there are no reasons for the end of the downtrend, as the general fundamental background is the same - the dollar is strong with the confident support of the US regulators. The trend may change on the background of news related to the interest rate, but there is no such news yet. Resistance levels: 1.08215 Support levels: 50-MA, 1.0780, 1.0724 There is an assumption that the correction may end in the trend resistance zone, then, based on TA and fundamental background, the currency pair may continue to decline. Regards R. Linda!
Short
by RLinda
2
GBPUSD - Price can leave triangle and rise to $1.2710 levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area. Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back. Price rose to resistance area again, made little correction, and then rose back to this area, after which made downward impulse. British Pound exited from flat, breaking $1.2610 level, but also it entered to triangle, where rose higher this level. At the moment, price trades near resistance line of triangle, and in my mind, GBP can correct to support line. After this movement, British Pound will bounce up to $1.2710 level, thereby exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → Sellers are testing trend support. What could happen?FOREXCOM:XAUUSD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart. Idea: GOLD → When will the price come out of consolidation? On D1 the market is still neutral, there is no strong news that would affect the price, but as we can see, gold is testing the global trend support. At the same time, the dollar index continues to form a bullish trend, which is bad for gold. On H1, we can see the local trend change to a downtrend, but the continuation of the trend is hindered by the support of the symmetrical triangle. We have a chance to catch a breakout of this area. Consolidation of the price below the 2021 area will confirm the market sentiment, ready to decline to 2015-2010. Pic: Sellers are testing strong trend support Resistance levels: 2026.400, trend resistance Support levels: 2021, 2015, 2010, 2004 The gold market is under selling pressure, buyers are trying to hold this pressure, but against the backdrop of a strengthening dollar, the bulls' strength is starting to wear off. Breakout 2021, then 2015 may trigger strong sell-offs on the background of possible liquidation. TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → When will the price come out of consolidation?OANDA:XAUUSD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range between the strong boundaries of 2067 and 2010. Pic: Uptrend in the market. Price is testing trend support The dollar continues to strengthen, testing support as part of the correction and apparently preparing for further growth, which may temporarily have a negative impact on gold. But, if you look closely, technically, gold, on the background of increased interest feels quite confident and the market is trying not to succumb to strong manipulations on the part of the growing dollar. On Friday XAU is testing the ascending support again, the session closes below the line, but it is a weak signal within the flat. The 2015 level may influence the sales, but only if this area is broken. At the moment, there are no signs that the market will break 2015.6 in the near future. We need to wait for the retest of this support and see how the price reacts. But based on the fact that 2015.6 is a strong liquidity area, gold will not be able to break this area the first time. Pic: Gold range on H1-H4 The chart above shows the current range. The price has not yet managed to update the local lows, as well as the highs, as evidenced by the neutrality of forces between buyers and sellers. Against the background of the local situation: dollar growth, negative fundamental background for gold, we can determine that in the coming week gold may test flat support before further rebound (or false breakdown), after which the price may continue trading within this range. The reason for continued consolidation: there is no strong news in the market, the dollar continues to rise as the Fed is not looking to cut rates anytime soon, but buyers are actively trying to contain the declines in gold. The interest in gold is also affected by the interest of the world central banks, as well as the geopolitical crisis, as well as rumors of a banking crisis in the United States. Regards R. Linda!
OANDA:XAUUSD
by RLinda
4
EURO - Price can start to move up and exit from triangleHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price little declined from $1.0890 resistance level, but soon EUR backed up and even rose higher. But soon, price broke this level and entered to flat, where it some time traded and later rose to $1.0890 level. After this, price started to trades in triangle, where it declined from resistance line to support line, exiting from flat. Later, Euro started to rise near support line and soon reached $1.0785 level, which coincided with support area. In a short time price broke it and at the moment, EUR trades very close to this level, and in my mind, price can little correct. Then Euro can start rise to $1.0840 points, thereby exiting from triangle and breaking $1.0785 level again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
ETHEREUM - Price can break resistance level and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up. Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant. In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level. Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line. Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it. After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
GOLD → Support retests continue. Weak fundamental backgroundOANDA:XAUUSD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing. The fundamental background for gold still remains and is relatively negative at the moment. On the chart above we can observe a difficult situation in XAU. Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday. Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is weak, as evidenced by this week's news. Support levels: 2029.7, 2020, 2015 2004 Resistance levels: 2039 - 2942 It is logical to expect a decline based on the current data, from the opening of the US session, the market may test resistance before falling TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
GOLD → The calm (consolidation) before the storm ⚡︎OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may strengthen if the market supports the index. Gold makes a false break of the resistance area 2039-2042 and forms a consolidation in a narrow range in the phase of waiting for news. Technically, the market continues to stand still. On D1 there is a global flat, but the borders of a symmetrical triangle are present, volatility is decreasing and the range is narrowing. It is interesting that trading volumes are decreasing, but the profile shows a different situation. The market is consolidating liquidity, because at the moment investors do not know what to expect and in the medium term they are aiming to hear some news about the interest rate reduction. Such consolidation may continue until March-April. But the distribution in one side or the other will be very strong, but when it will happen, nobody knows yet :) Resistance levels: 2039, 2042, 2048 Support levels: 2029, 2016, 2004 There is a chance to see bullish news for the dollar today, which could negatively, within a range, affect gold. But, before a possible fall, the price of the metal may test the resistance TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
EURUSD → How long will the bearish trend continue?FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are interested in the support at 1.0780. Since this is a local risk area for sellers, a strong downward impulse may be formed if this area is broken and the price consolidates below it. But, no less important level is 1.0724 from which a rebound may follow, as it is the lower boundary of the range. But another retest of this zone may lead to a breakout and further decline. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 In the long term, with a negative fundamental background and bearish trend, the price may continue its decline to the above targets. Regards R. Linda!
Short
by RLinda
9
BTCUSD → Consolidation after the rally. What's next?BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation of the bottom in the market. At the moment we see the formation of a sideways range 44500 - 40225, which at the moment plays the role of consolidation. Short and long squeezes, shakes relative to the range boundaries indicate a phase of strong accumulation of potential before further movement in one or another direction. Based on the technical and fundamental component, the market seems to be preparing to continue its growth. The area of 42000 is technically important for the market in the medium and long term, as evidenced by the 2-month sawing ( consolidation ) of this area, which divides the market plane into two areas ( bearish and bullish ), but as we see the price is trying to strengthen above this area to form a strong support area before further growth. Pic: Level 42,000. Price consolidation at the level. Fundamentally, BTC is quite a strong asset. GBTC outflows continue but in much smaller volume, net inflows into ETFs are higher than outflows. A new problem in the US, which can play into the hands of BTC, is the situation in the US banking sector, the topic again concerns bankruptcies. In March 2023, the Fed started printing in response to problems in the banking sector, and BTC was perceived as a safe haven. Accordingly, the restart of the Fed's printer will increase interest in BTC, which may favorably affect the crypto asset's capitalization. Support levels: 42000, 40222, 38500 Resistance levels: 43250, 44500 The trend is bullish, technically the asset is quite strong - this conclusion can be made based on the strong consolidation after the rally. The market is starting to prepare for halving, against this background, the price may test the support zone before further growth. But, based on the overall data, in the medium and long term, the growth of the crypto asset may continue. CRYPTO:BTCUSD CRYPTOCAP:TOTAL CME:BTC1! Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
26
EGLDUSDT → Growth may resume after the correction stopsBINANCE:EGLDUSDT is trying to finish the technical phase of correction and continue the global uptrend amid the realization of 2-year accumulation. Since the middle of last year, the coin was in hibernation, or rather in the consolidation phase. Formed a bottom, a narrow corridor allowed the formation of a strong support area. On the background of cryptocurrency market recovery, the growth of the flagship - bitcoin, EGLD revives, but at the same time forms trend resistance. On D2 the resistance is broken and for a few weeks the price forms a consolidation above the line, on H6 it is a descending range (correction). On the main chart we see an attempt by price to break the correction resistance. Consolidation of price above 53.45 will form a bullish potential that could resume the uptrend. Support levels: 53.45, 51.4, 47.11 Resistance levels: 60.1, 68.48 I expect the continuation of the global trend, but for this the bulls need to finish the correction phase, which is within the current descending channel. A breakout of the resistance and consolidation above this level will be a good signal BINANCE:BTCUSD CRYPTOCAP:TOTAL Regards R. Linda!
Long
by RLinda
2