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BITCOIN - Price can decline to $40100 inside falling channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price started to trades in flat, where it in a short time declined to support area, which coincided with $41400 level. In area, BTC fell to support line and then bounced back to flat, in which price repeated this movement two time. The second time, price bounced from support line and made strong impulse up to $49000 points, exiting from flat. But after this, Bitcoin turned around and in a short time declined to $41400 level, breaking resistance level and support line. Also price entered to falling channel, where it made fake breakout of support level and now it trades near. Possibly, Bitcoin can grow little more and then start to decline to $40100, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
XAUUSD 1HI think the price may go up and market continues to resistance-liquidity zone at 2048.8-2050. I LOOK for a test of the resistance and more downward moves because the trend on the daily timeframe is bearish . I expect a fake breakout of the rang zone to grab liquidity above, than continue trending downward. My goal is the support liquidity zone at 2004.4 Gold manages to grow on the background of the growing dollar index. Today there is no news that can somehow change the direction. Technical.
OANDA:XAUUSDShort
by Honey_Carter888
GOLD → Trading within the descending channel GOLD confirms the lower boundary of the channel, forms a false breakdown of 2010 and reverses to form a counter-trend correction. Gold manages to grow on the background of the growing dollar index. Today there is no news that can somehow change the direction. Technically, gold, within the descending range, is heading towards the resistance area of 2042-2048. On the background of the correction, the price is breaking through MA-50 and the strong level of 2025. Ahead is MA-200 and no less important resistance zone 2035 from which a correction may follow with the aim of retesting 2025. Thus, within the range we should focus our attention on the area: 2035, MA-200. Breakout of this zone and price consolidation above it will form a potential for further growth to the previously mentioned target: liquidity and resistance zone 2042-2048. But if the bears sell the price, forcing a breakout of 2025 and consolidation below the level, then in this case, against the background of a rising dollar, gold may head towards the support area of 2004. Support levels: 2025, 2029 Resistance levels: MA-200, 2035 As part of the intra-range trading strategy, the price may reach the trend resistance and test 2048. But, still we have a strong dollar and strong sellers in the market. If the price goes back to 2025, we should be ready for further selling COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
AUDUSD → Change of mood and retest of a strong level FX:AUDUSD broke the uptrend earlier and is testing the strong historical level of 0.65800. Against the backdrop of a rising TVC:DXY , the Aussie could lose ground and head towards downside targets. The dollar is strengthening and may show growth for the second week in a row thanks to the signs of stability of the American economy and cautious comments of central bankers' representatives on rate cuts, the index is seeing a clear recovery phase, which negatively affects the currency pair. Technically, AUDUSD breaks the level of 0.65800 and tests it as resistance. There are 2 scenarios that can develop in relation to the level: the first one includes the continuation of the correction if the price breaks 0.65800 and consolidates above it. The target will be the resistance at 0.6666. And the second scenario is the bears' task to hold this level against the background of changing market sentiment. From 0.65800 a decline to 0.6523 is possible with the subsequent breakout and fall to 0.6352. Moving averages show a downward signal. Resistance levels: 0.65800 Support levels: 0.6523 The trend is changing, bears are more serious, which may affect the pair's pricing. With greater probability I am waiting for the realization of the second scenario. Regards R. Linda!
Short
by RLinda
13
GOLD → Price returns to the descending range OANDA:XAUUSD is declining and testing local lows. The market has stopped paying attention to the conflict in the red sea, which is surprising, and focuses its attention on the comments of the Fed representatives, who are quite a lot of speakers and will speak this week. Of the news today, Core Retail Sales at 31:30 gmt is worth waiting for. Analysts expect unchanged data, but Bowman (FOMC) will speak at 14:00 and Williams (FOMC) will speak at 20:00, most likely to comment on the situation around inflation and further interest rate situation. Overall, the regulator is not ready to give up yet and may continue to keep the dollar strong. As for gold, the price is still in a neutral consolidation phase. A breakout of one of the boundaries may determine the outlook and it could be a support breakout. In general, gold is returning to the descending range and testing support levels for the possibility of further decline. Most likely, bears will try to hold their zone, in this case gold may test 2013 within the bearish trend in the nearest future. And in the medium term, target 1994, where there is a huge pool of liquidity. Resistance levels: 2024, 2030 Support levels: 2017, 2013, 2010 As the time horizons are determined both technically and fundamentally, gold may test local lows on the back of a rising dollar COMEX:GC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSD
by RLinda
21
EURUSD → Fundamentally, the dollar is strongerFX:EURUSD is declining and forming an attempt to break trend support. Fundamentally, the TVC:DXY is strengthening on the background of the Fed's position, which negatively affects the base currency - EUR. On the high timeframe we see that the dollar continues to strengthen after a long consolidation. The Fed is not going to give up and is trying to insure itself before a possible interest rate cut, which may come in spring-summer 2024. This scenario may strengthen the dollar to local highs, which will have a negative impact on the currency pair. EURUSD broke 1.088 testing the trend support, technically, the breakout has already occurred, the price may take a small correction and retest the support, after which it may head towards the lower boundary of the range - 1.0756. Consolidation of the price below the trend support will confirm the bearish position, which will be a favorable scenario for sellers. Support levels: 1.078, 1.0756 Resistance levels: 1.0888, 1.10 Fundamentally, the dollar is stronger than the euro, which will obviously have a negative impact on the currency pair. We expect confirmation of the scenario (consolidation below the support) for further opening of sales. Regards R. Linda!
Short
by RLinda
1
NZDUSD → Consolidation after support breakoutOANDA:NZDUSD continues to consolidate in a narrow range as uncertain sentiment is also seen in the dollar index amid a challenging fundamental environment. The TVC:DXY has been consolidating below resistance for two and a half weeks, which in standard practice is a strong downside signal as resistance cannot be broken. NZDUSD pair broke uptrend support earlier and consolidation is forming in the selling zone between 0.6250 and 0.6208. But, it is important for us to wait for the confirmation of the sell signal, which will be the breakout of 0.6208 and the subsequent consolidation of the price below the level, which will open for us the target in the form of support at 0.6086. Moving averages also indicate consolidation, which may be followed by a distribution phase. Resistance levels: 0.6250, 0.6366 Support levels: 0.6208, 0.6180, 0.6086 There is a high probability that the currency pair on the background of the subsequent weakening of the dollar index can still break the support and head towards the target indicated by us. Regards R. Linda!
Short
by RLinda
7
GOLD → Correction to previously broken trend resistance FOREXCOM:XAUUSD is declining. Bulls failed to hold the 2050 area, but most likely there is a reason for that: the liquidity zone is near the previously broken resistance, and the geopolitical situation is complicated by additional Fed comments. The dollar index consolidated below 102.6 for a long time and it was logical to realize that the market was unable to go up, until the Fed commented again: "rates should be kept at a high level for some time, it is premature to talk about the beginning of the Fed's rate cut in March". This is logical against the backdrop of the red sea crisis, which is also very much affecting inflation in the world. BUT. It should be understood that this conflict directly affects the pricing of gold. High probability of appreciation of the asset. Technically, gold is declining towards the previously broken trend resistance. The market may be interested in support at 2038.9 - 2032. A false breakdown could form a liquidity grab and a bullish momentum. Resistance levels: 2050, 2064 Support levels: 0.382 fibo, 0.5 fibo (2038.9), 0.618 fibo The growth of gold, as a security asset amid the crisis, may continue after the market retests the previously broken trend resistance COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
8
GOLD → The price will continue to rise provided...FOREXCOM:XAUUSD formed a rally at the end of last week and broke the resistance of the downtrend. The reason is another armed crisis, but in Southwest Asia. On Monday, the market opened the session with price strengthening and retesting 2058. The mood of the market is such that the price growth may continue in the medium term. There is no sense to pay attention to the dollar now, temporarily the correlation in the pair is decreasing and fundamentally gold looks quite a strong asset. Today the volatility may be lower than the daily average due to the fact that it is a holiday weekend in the USA. Technically, as the market is testing the level of 2050, the price consolidation above this area will form a bullish potential, which in the medium term can push the price to 2070, 2100, 2150. It is also worth paying attention to the moving averages. Support levels: 2050, MA50+MA200, 2039 Resistance levels: 2058, 2064, 2070 The market is testing the support, against which gold can strengthen on the background of favorable fundamental background for the asset TVC:DXY COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
28
GOLD → Why could the metal's price rise continue? FOREXCOM:XAUUSD closes the trading week above the opening, which is quite a positive sign, as the market has obvious reasons for the rally, which can continue up to 2150. We are living in a time of a 30 year record number of armed conflicts with over 180 clashes. This is all affecting the market, including gold. A recent reason for gold's rally was the military operation against the Houthis in Yemen by the U.S. and the Great Britain for the freedom of the sea route. As part of the rally, the price is overcoming bearish resistance and forming further preconditions for a possible rise. There is not much fundamentally significant news in the coming week, the world is focused on the war in the Middle East, which is still ongoing and the new armed conflict in Southwest Asia. This is pre-determining the medium-term outlook for gold. The dollar has been receiving bullish news for the last two weeks, but continues to consolidate without any bullish reaction under the resistance level of 102.6. The market is probably waiting for downside signals. Gold on the other hand breaks trend resistance, which temporarily detaches the correlation between the assets, hence the format of technical and fundamental analysis changes a bit. The coming week may see a retest of local support before a further retest. Now all eyes are focused on the resistance of the global range 2050-2070 and it is likely that in the medium term gold may break this level and start to form a new global range. TVC:DXY COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12
BTCUSD → A "sell the news" scenario? What happened?BINANCE:BTCUSD tested a new high of 49K amid increased volatility due to positive news for the asset. But, as we can see, what many did not expect was a strong sell-off. I have been talking about sell-offs from the 48250 level for a while now, since mid-November 2023, the moment BTC entered a new range. The 48250 area is a strong resistance with a huge pool of liquidity and it is quite logical to see a false breakdown followed by sell-offs. In addition, strong bullish news related to SEC approval of applications for spot BTC-ETF forms the opposite direction to the expected price movement: At the moment, the "Sell The News" scenario is developing - this maneuver includes a possible price correction of 10-20-30%. It is logical that the price cannot grow all the time and the asset pricing includes corrections to maintain adequate liquidity in the market. At the moment the price is testing the nearest strong support 41639 and forms the third retest ( false breakdown ) of the support. In the TA format, the price can form a rebound, which we see. At the moment we should pay attention to the level of 42850 from which growth or a small rebound may follow and then fall to 40659 - this is a strong level, which is a risk zone and liquidity pool. A false breakdown may be formed before further growth. Support levels: 42850, 41639, 40659 Resistance levels: 44490, 45500, 47280, 48250 Regarding technical nuances ( resistance, false breakout ) a correction is forming. The price may test one of the mentioned support and liquidity zones to free the market from unwanted participants. Fundamentally, BTC is strong enough to continue its growth both in the medium and long term. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
31
ETHEREUM - Price can leave pennant and then fall to support areaHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to flat, where it rose to top part, which coincided with $2430 level, and then bounced down. Price declined to support area, which coincided with $2170 support level, and some time traded near this zone. After this, ETH made upward impulse to $2430 level and broke it, thereby exiting from flat. Also, price started to trades in pennant, where it reached resistance line and then in a short time fell to one more support zone. Then ETH rose to resistance line, but recently it declined to support line, where at the moment price continues to trades near. Ethereum can break resistance line, thereby exiting from pennant, and then start to fall to $2430 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
HelenP. I Gold can make one more movement up and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a few time ago rebounded from the support level, which coincided with the support zone and declined to 1930 points. After this, XAU in a short time backed up and even rose higher than the 1975 support level, thereby breaking this level and later starting to trades in consolidation. In this range, Gold first made a retest of the support level and then made a strong impulse up to the resistance zone, but when it reached this zone, it even rose higher than the top part of the consolidation, after which price in a short time declined back, making a fake breakout. Next, Gold fell to the support level back, after which at once rebounded and made an impulse up to the resistance zone, which coincided with the resistance level again. But a not long time ago, XAU started to decline and fell below, making fake breakout one more time. Also, recently, it turned around and started to rise, so possibly Gold will try to grow to a resistance level, after which the price can start to decline. Therefore I set my target at the 2010 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
GOLD → It's a stalemate. The market can grow FOREXCOM:XAUUSD reaches our target, but after a false breakdown of support 2016, the market quickly buys back all the fall. Now the price is heading towards a strong resistance The most interesting thing is that three times in a row the US market received fundamentally bullish news. The TVC:DXY has been in the same place for 10 days now and cannot pass through resistance, which speaks volumes about the state of the index and the mood of the market. The market is overheated and in all likelihood the index is preparing for a decline. Gold is not so eager to react to bearish news and at any opportunity the market tries to buy back the fall. At the moment the price of gold is heading to the resistance of the ascending channel, from here two scenarios can develop: 1) False breakout may lead to a pullback, within which the price may break through 2031.8. Consolidation below this level will continue the correction phase and within the descending channel the price may head towards 2016 2) False breakout will form a small correction to 2030-2031. But, the fundamental background will play its role and the price will start forging resistance retests for a breakout. Breakout of downside resistance and 2038.9 level is a signal and price consolidation above these areas will be confirmation Support levels: 2031.8, 2025 Resistance levels: MA-200, 2038.9 I think that the chance is higher towards the resistance breakout than towards further decline. We follow the price reaction beyond the mentioned zone and wait for confirmation of one or another scenario to open trades Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
GBPUSD → A technically weak dollar will strengthen the pair FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800. The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue. If we pay attention to the TVC:DXY , we can see that the index does not react to bullish news at all and apparently due to the overheated condition the index is ready to decline. In this case, this maneuver will be favorable for the pound sterling, which can strengthen the pair. On the chart we see an ascending channel and a pre-failure consolidation in the format of an ascending triangle. The resistance 1.2780 - 1.2800 plays a key role. Breakout of this zone and price consolidation above the level will form a bullish potential, which will confirm the breakout of the level. Support levels: 1.2715, 1.2615 Resistance levels: 1.2780, 1.2888 I expect a breakout of resistance under the pressure of buyers on the limit resistance zone. Regards R. Linda!
Long
by RLinda
7
GOLD → How might today's news affect gold?FOREXCOM:XAUUSD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment. The market is reacting weakly to bullish news for the dollar because fundamentally it is already overheated. Speculators react very strongly to negative news than positive news and in the current environment this is worth considering. Important news is being published today. In general, analysts are expecting bullish CPI data and bearish Initial Jobless Claims data. Bad data for the $ will push gold up, to the point where the price could change its local trend. But good news for the $ may continue to form an actual range for gold 2015 - 2050. It is worth paying attention to the strong resistance on the dollar 102.6, technically, the index is ready to go down and very strongly (This should have a positive impact on the price of gold), but I wonder what will show today the funamental market. Support levels: 2030, 2020, 2015 Resistance levels: 2039, 2049 On the news, the price may test strong zones. At the moment, there is no clear understanding of the strength of the news we will receive, but according to a number of assumptions we have a chance to strengthen the price of gold TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
20
APTUSDT → Potential for further growthBINANCE:APTUSDT forms support 8.08 and pre-breakdown consolidation, within which it breaks the trend resistance. After breaking the resistance, the market forms a local high of 11.1 after which it tests the previously broken trend resistance and the support of 8.08. The market is trying to change the trend and it is logical on the growth of the total market capitalization. Technically, the coin has a good enough potential to catch up with other coins in growth. It is worth paying attention to the zone of 9.220 - 8.08. The bulls are trying to hold this area, increasing their volume. It is worth waiting for the price to consolidate above this area to confirm the bullish potential. The moving averages are supporting the market, and the false break of MA-50 gives a good signal. Resistance levels: 10.9, 12.67 Support levels: 9.22, 8.08 It is worth considering the potential for buying at the moment. A price consolidation above 9.22 will give a good place to open a trade. Regards R. Linda!
Long
by RLinda
2
GOLD → Bounce to 2050, or consolidation 2030-2040FOREXCOM:XAUUSD is trading within a descending channel, from support the price is heading towards resistance, while the dollar continues to consolidate in anticipation of tomorrow's news. Gold price after another false breakdown of support and retest of the liquidity zone forimizes the rally and tests 2040. Most likely the target for the market is embedded higher, around 2048-2050 Pay attention to the dollar. The price is in consolidation for 6 days near the level of 102.6. Important news is published tomorrow, the market is probably waiting for bad news for the dollar, as the bears are forming a strong resistance zone. Gold may enter the risk zone (resistance area) before the news, but if the price does not pass the 2040 area, the price will form a consolidation until tomorrow waiting for the fundamentals. Support levels: 2030, 2023 Resistance levels: 2039, 2049 The price is strengthening towards the resistance, the target for the market is the area of 2050. But if the price does not pass through 2040, the market will start to form consolidation 2040-2030 TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
ETH → The market is preparing to overcome 2300 and riseBINANCE:ETHUSD is trading within the boundaries of the 2383 and 2136 range, but at the same time the price continues to test 2300, which plays an important role in the medium-term perspective On the high timeframe we see consolidation after breaking the resistance of the ascending channel. Consolidation is formed at the intersection of the strong 2300 level and the resistance of the ascending channel, which can be interpreted as a period of struggle between market participants. The bears are trying to hold the 2300 resistance area, while the buyers (bulls) continue to actively test this zone for a breakout, as the ethereum fundamentals look much more promising for buyers. Moving averages indicate strong accumulation, price consolidation near a strong resistance level indicates a fairly strong bullish potential. Resistance levels: 2300, 2383, 2447 Support levels: 2200, 2136 The price is likely to continue testing 2300 as the market is in a bullish trend. Consolidation at some point will lead to distribution, this trigger could be price consolidation above this level. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
14