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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
GOLD → False breakout leads to counter-trend correctionFOREXCOM:XAUUSD within the descending price channel forms a false break of support after which we see the strengthening, which began yesterday. On the background of the downtrend the price forms a false breakdown of the level of 2031.8, after that during several hours the price fixes above this level, which forms a bullish position in the market. Within the current counter-trend correction, the price may reach the resistance of 2048 range or trend resistance. There are no important news that can affect the price today, most likely the price will continue its direction to the zone of interest, because above 2049 there is a large enough pool of liquidity. It is too early to talk about the trend change. Support levels: 2030-2031 Resistance levels: 2039.3, 2049.3 The counter-trend correction may reach the mentioned trend zone. Further we should watch the price reaction to the mentioned resistance area as well as to the fundamental reasons, which can both break the trend and continue it TVC:DXY COMEX_MINI:MGC1! COMEX:GC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
17
GOLD → The downtrend continues to form FOREXCOM:XAUUSD has been declining on the basis of fundamentals since last week, which is what I was preparing you for. The price makes a false break of resistance and decreases by 1.8%. Yesterday we analyzed the situation from both fundamental and technical points of view. Gold, as we expected, is declining towards the support. The price is heading towards the lower boundary of the trend, from which a small correction to the resistance may follow. If the fundamental background ( TVC:DXY ) does not change in the next few weeks, the price may test the levels even lower in the future. Technically, now we expect a correction from the 2023-2020 area to one of the nearest resistances. BUT, if the channel support is broken and the price forms a consolidation below 2023-2020, the decline will start without a pullback, the target in this case will be the area of 2015, 2010, 2000. Support levels: 2030, 2015 Resistance levels: 2039, 2049 The price may continue to be inside the descending channel, having formed a bounce from support to resistance. Technically and fundamentally, the price is preparing for a decline. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
12
EURJPY → False resistance breakdown and a weak euro FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen. Globally, the currency pair stands in the range of 158.5 (157.9) - 154.0. In such a case, from resistance, within the range, the price may head towards flat support. Technically, we have a local ascending channel and a false breakdown of the resistance area. The price consolidation below 158.38 and the break of the support at 157.5 will form the market decline to 155.0 Resistance levels: 158.38, 159.0 Support levels: 157.5, 156.3, 155 I expect the price decline within the channel to the support of 155.0. Fundamentally, the euro, as well as the yen are unstable, so the market can behave unpredictably and stand still for a long time Regards R. Linda!
Short
by RLinda
1
USDCAD → NFP may strengthen the currency pairFX:USDCAD is forming a local resistance level at 1.3364 and pre-breakdown consolidation before the news. There is a chance that price could consolidate. On D1 we see the formation of a global sideways range. Hence, we are using a range trading strategy in the global perspective. A false break of support forms a signal that price is now heading upwards. Yesterday, the TVC:DXY received fundamentally positive data that could strengthen the price, and also this data (Initial Jobless Claims, ADP NonFarm EC) is a prerequisite that today's Nonfarm Payrolls will also be bullish for the dollar. In this case, the currency pair may break the nearest resistance at 1.3364 and continue its growth. Support levels: 1.3315 Resistance levels: 1.3364, 1.3487 There is an empty space up to the target, therefore, if the nearest resistance is broken, the price will easily and quickly reach 1.3487 Regards R. Linda!
Long
by RLinda
2
GOLD → Uncertain market. What should we expect?FOREXCOM:XAUUSD is forming a global range of 2070 - 1810. In a neutral market, the price may head down from the resistance, but we have an unstable fundamental environment. The market closes the second half of the new week in 2023 in a phase of uncertainty. The price is standing still. After receiving the news, the market quickly buys back the decline or sells off the rise, thus bringing the price back to the current range of 2050 - 2040. Wednesday through Friday the market receives bullish news for the US market, which technically should drop the price of gold. But the market is already overheated by the Fed's manipulation and is apparently getting ready for further rate cuts, which the US regulators may start in early spring . In this case, the TVC:DXY will begin to give up its positions, which will technically strengthen the forex market and including gold, silver and the cryptocurrency market. On the high timeframe ( 1 week ) we see the strength of buying power in the gold market. There is a reason for everything: fundamentals, geopolitics, problems in the US and European market, high interest in the metal from the central banks of many countries, which very actively continue to buy the metal. Technically, the price may test 0.382, 0.5, 0.618 fibo by spring before rising further. The positive sentiment is indicated by frequent resistance retests . Every next retest makes this zone lose strength, which technically brings us closer to the formation of a new bullish range after breaking the 2050-2075 zone. There is not much news in the coming week, important data may be released in the second half. The market may start the new trading week by continuing to forge a sideways range between 2050 - 2040 . But, a breakout of one of the mentioned boundaries followed by price consolidation above or below this level will form momentum towards the mentioned zones. Support levels: 2040, 2030, 2015 Resistance levels: 2050, 2058, 2069, 2075 The market may be temporarily affected by the bullish news for the US market from last Friday. Gold may start to decline to 2040 and retest 2030 as we saw sell-offs on Friday after stabilization. BUT! At the moment the market is unstable amidst uncertain potential. Proceed from these levels and your trading strategies. Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
GOLD → Will NFP weaken gold? What should we expect?FOREXCOM:XAUUSD is consolidating under a strong resistance level. Yesterday the gold market received negative fundamental data, in all likelihood, which will also affect NFP ( TVC:DXY ) On the high timeframe we see the formation of a resistance zone formed by several highs and levels. At the moment the focus is on the 2050 level. After a false breakdown and on the news on Thursday, a bearish consolidation is forming under the level to continue the decline. Based on the previous data, we have a high chance of seeing a negative NFP for gold. In that case, the price may head downwards. But, the problem with news is that it is unpredictable, The opposite of the expected NFP can strengthen the gold. Wait for the actual data. On H1, there is a possible resistance retest before further decline. Moving averages previously formed a trend change signal and now indicate a downtrend. Support levels: 2038.9, 2031, 2015 Resistance levels: 2049.3, 2058.3 Technically and fundamentally, the price is expected to decline towards the mentioned targets. But if the actual news data will be opposite to the expected ones, the market may behave unpredictably. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
GBPUSD → News ahead. The pound could fall, but...The pound sterling FX:GBPUSD declines in the first half to 1.2615, and on Wednesday the currency pair strengthens in anticipation of news in the US market. What should we prepare for? Today we are in anticipation of strong news: ADP NonFarm EC, Initial Jobless Claims, SP PMI . Fundamentally, analysts expect the TVC:DXY to strengthen based on the expected data. This will have a corresponding effect on the forex market. The actual data can either meet or break these expectations. But, the Fed has recently said that they are fully prepared to raise interest rates, trying to keep the market in a tight grip. Technically, the GBPUSD may head towards the support of the upside range of 1.2550 - 1.2506. A correction phase is forming after a false breakdown of the resistance. The area of interest is below 1.2615. Until the news publication, until 13:15 - 14:45 the market may be in a neutral state. Resistance levels: 1.2715, 1.2784 Support levels: 1.2615, 1.2506 Technically, the currency pair may fall after the price fixation below 1.2715. But, if the news comes out worse than expected, it may strengthen the pair and the currency pair may start to grow from this level. Regards R. Linda!
Short
by RLinda
3
GOLD → Correction phase, expect a fall, but news... FOREXCOM:XAUUSD is declining by 1.3% on Wednesday, the reason may be the fundamental nuances of the Fed, which is still trying to keep the market under control, hinting at both lowering the interest rates and raising them, to which the market reacts by strengthening the dollar. Today at 13:15 - 14:45 important news is published, which reflects both the situation with inflation and the position of the FED and FOMC. Fundamentally, analysts expect bullish data, which could technically strengthen the TVC:DXY , which in turn will weaken gold. Still, it is worth waiting for actual data that can provide insight into the medium-term outlook. On the chart we see the formation of a technical correction on the background of a bullish trend. The price is testing the resistance of 2050, it is possible that before the news the price may go higher and test 2058, 2065 before falling further. But, if the actual fundamental data is worse than expected, it could strengthen gold towards the current channel resistance. Support levels: 2042, 2037, 2033, 2030 Resistance levels: 2049.3, 2050, 2058, 2065 The news will give us insight into the medium-term outlook. Bullish news for the dollar will weaken gold and the price will continue the local downtrend. Bearish news for the dollar will strengthen gold and may reestablish the bullish trend Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
EURGBP - Price can make little correction and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Recently price entered to falt, where it tried to rise to top part, but failed and declined to resistance area. Then, British Pound bounced from this area, rose to top part of flat, and then made downward impulse to $0.8570 support level. Thereby price exited from flat, breaking $0.8685 level, and later started to grow in rising channel. In channel, GBP rose to resistance line, but soon bounced and fell to support line, making fake breakout of $0.8685 level. At the moment, price trades near support line and I think that British Pound can make correction again. After this, GBP bounced up from support line of rising channel to $0.8720, thereby breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GOLD → Correction Phase. How long will it last?FOREXCOM:XAUUSD is weakening on the background of growing TVC:DXY . At the moment, fundamental and technical indicators are diverging and the market is trying to collect maximum liquidity before further growth. On D1 we see the formation of a false breakdown of resistance 2075. The market is in global consolidation, but locally we have a downtrend forming. Technically, the price may test the local trend support, while the dollar seeks to test the resistance. Within the downtrend range, gold may bounce from support to resistance. This range formation is likely to continue until the end of the week. Support levels: 2048, 2030, 2010 Resistance levels: 2058, 2069, 2075 Fundamentally, the dollar has a weak support and should fall. But on the background of low market volumes, the market maker is collecting liquidity. It is likely that the gold may test the far support levels before rising further. Hence, the local bearish correction formation may continue until 2009 in the medium term. Regards R. Linda!
OANDA:XAUUSD
by RLinda
4
KAVAUSDT → A break of resistance will give a 60% increaseBINANCE:KAVAUSDT is overcoming trend resistance, which could give a potential rise of several tens of percent in the mid-term Against the backdrop of rising COINBASE:BTCUSD , which is overcoming the key 4-week resistance KAVA and the altcoin market shows good potential. The only nuance is that KAVA is lagging the market and continues to consolidate. An important nuance that will stimulate strong growth is a break of 1.140 resistance. This level is the upper boundary of the 12-measures consolidation. After breaking this resistance, the market will have a potential target of 1.550 and 1.800. But before that we have another resistance - the upper boundary of the wedge. Consolidation of the price above 0.950 will form the potential to buy and hold the trade up to 1.140. Support levels: 0.950, 0.870, 0.770 Resistance levels: 1.025, 1.140 I expect consolidation of the price above 0.954 and growth to 1.140. Further I will wait for the breakthrough of 1.140 and growth to the specified targets. Regards R. Linda!
Long
by RLinda
3
GOLD → The bullish potential is back. December trap FOREXCOM:XAUUSD is starting to catch up with the bullish potential, which was forged at the end of 2023, when we received negative news for $. On D1 we see gold rising on the back of a weakening TVC:DXY . The price breaks through the important and historical resistance 2069 - 2070. A retest and consolidation of price above the level is forming. A price consolidation this week above this level will confirm the intention of the bull market. In this case, we may see a potential target in the form of: 2085, 2100 and even 2150. On H1, the price is updating the local support (false breakout) on the background of bullish news for gold. And this is a logical scenario before further growth. I warned you that before the growth, even on good news, the price can go down. Now it is important for us to see the price consolidation above the mentioned liquidity area. Support levels: 2075, 2070, 2069 Resistance levels: 2079, 2082, 2088, 2100 I expect growth after the price fixation above the mentioned support area. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
10
EURUSD → Bulls can show good growth FOREXCOM:EURUSD is testing support in the upside plane. The support at 1.1017 plays a key role On D1 we see the formation of a retest of 1.1000 level after its break. The market may test this area not only by touching it, but also by false breakout before further growth. The TVC:DXY is likely to continue its weakening on the back of weak fundamental background, which will affect the forex market accordingly. On H4 and H1 it is worth paying attention to the support area: 1.100 level and upward support in order to make further decisions. Resistance levels: 1.108, 1.1142 Support levels: 1.107, 1.100, 1.0930 The price may test not only the nearest support, but also the one below. Everything depends on the price reaction to the mentioned levels. But at the moment we expect growth from 1.1017. Regards R. Linda!
Long
by RLinda
12
BITCOIN - Price can try exit from pennant and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse from support line to resistance area, breaking $41000 and $43800 levels. Also, BTC entered to flat, where it fell lower than $43800 level, and soon tried to back up, but failed. Next, price some time more traded in flat, and last time made upward impulse from support level to resistance zone. After this, BTC a few time tarded in resistance area, but recently it bounced from this area and declined to support line of pennant. After fake breakout of support line, I think that Bitcoin can reach resistance line and try to exit from pennant. When price will exit from pennant, it can make retest and then bounce up to $45000, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2