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BTCUSD → The potential for a rise to 50K is accumulatingBINANCE:BTCUSD is forming a good potential and prerequisites for further growth. The key resistance is the level of 44350, and the price continues to actively test this area. On the high timeframe we see the formation of a global range. The potential target from the point of view of technical analysis at the moment is the upper boundary of the range 65K - 70K, where a huge pool of liquidity is hidden. Fundamentally, bitcoin is doing quite well, as the SEC has recently been actively cooperating with companies that have applied for a spot ETF. Analysts expect the first BTC-ETF to be approved in early January 2024: some sources have indicated that recent indications from SEC officials are that the green light is likely to be given by January 10. In terms of technical analysis, an ascending triangle is forming on the chart. The key resistance of the pattern is the area of 44350 - 44500. This pattern can be interpreted as an active accumulation of buyers' potential for further overcoming the limit resistance formed by sellers. The price keeps testing the resistance and getting closer to the resistance. At the moment there are two possible scenarios: Retest of 43440 support, formation of a false breakdown with further retest of global pattern resistance and its breakout with further growth. Deeper correction: retest of the resistance of the previously broken ascending channel with further rebound and retest of the global resistance with the aim of its breakout. Support levels: 43440, 41664, 41200 Resistance levels: 44350, 48234 I expect that consolidation will end soon and the market will move to the phase of realization and growth to the specified target. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
47
EURUSD → Favorable fundamentals for growth FX:EURUSD is strengthening and continues to give signs that the price will continue its rise on the back of a weaker dollar due to weaker GDP than analysts expected. On D1, the price is testing the 1.1000 resistance area (important zone). A reversal V-shaped pattern is being formed, followed by numerous retests of the line. The pre-breakdown consolidation and positive fundamental background for the euro are doing their job. Ahead of us today is CTGO, PCE at 13:30 GMT. It will not play a special role after GDP. Analysts expect the publication of roughly the same data as in the last period (with a slight correction). Indicators higher than expected will positively influence the dollar, while weaker data will strengthen the fall of $ The price is making a breakout attempt. A consolidation of the price above 1.1000 will form a bullish potential, which will be a strong support for the pair. On H4 the price is still in the range of 1.1017 - 1.0830. Another resistance retest is formed after a small correction. A breakout of the level is expected with subsequent growth to the trend resistance. Moving averages support the market. Support levels: 1.099, 1.0965, 1.093 Resistance levels: 1.1000, 1.1017 We expect a breakthrough of the above-mentioned area and continuation of the currency pair growth in the framework of the uptrend. Regards R. Linda!
Long
by RLinda
4
GBPUSD → Favorable environment for further growth FX:GBPUSD is forging a correction within the local range after a retest of trend resistance. Most likely, a "flag" pattern is forming, which implies further trend continuation. On D1 we see that the price is overcoming the downside resistance and consolidating above the key support at 1.26525. The next year may start with the strengthening of the pound sterling on the back of favorable fundamental environment regarding the TVC:DXY , which intends to decline. From a TA perspective, the currency pair may form two scenarios: Breakout of the flag resistance, price consolidation above 1.2715 and growth towards the target. Continuation of correction to support, further rebound and growth to the target Support levels: 1.2615, 1.2506 Resistance levels: 1.2715, 1.2784 The global trend will continue but after a small technical correction. Regards R. Linda!
Long
by RLinda
19
GOLD → Trading inside the range 2050 - 2075FOREXCOM:XAUUSD has been strengthening since the opening of the session. Friday's sell-offs formed local support at 2050 (retest) after which a new range is likely to be formed. For gold we have a favorable fundamental background, which may have a positive impact on the price. While the TVC:DXY is declining, the gold is testing new highs. As there are a few days left before the New Year holidays, liquidity in the market is decreasing. Against this background, the price may end the trading session within the existing range of 2050 - 2075. I would advise to focus on the range trading strategy. On the chart we can see the key support lines: (rising line, 2055, 2051, 2050). There is a chance that the price may test these lines. The level of 2062, 2069, 2075 plays the role of key resistance. Pay attention to the schedule of your broker, so as not to open trades before the closing of the trading session. The volumes on the market are decreasing and in all likelihood the price may get stuck in the mentioned range. On Thursday, strong news is published, but until that day, gold may trade inside 2075 - 2050. Regards R. Linda!
OANDA:XAUUSD
by RLinda
14
HelenP. I After impulse up, Binance Coin can start to declineHi folks today I'm prepared for you Biance Coin analytics. Some days ago price rebounded from the support zone, which coincided with support 2, and soon made an upward impulse. After this, BNB started to trades in a big consolidation, where a few moments later, the price reached support 1, which coincided with the top part of flat. But then, BNB rebounded and declined until to trend line, which is located in the support zone. Later price tired to rise, but failed and declined back to zone, breaking the trend line. A few time ago BNB rose from support zone support 1, and in a short time price broke this level, exiting from consolidation. After this, BNB made a correction to support 1 and soon rebounded and made a strong impulse, breaking the trend line. At the moment, I expect that Binance Coin, after a strong impulse up, will start to decline to the trend line, . That's why I set my target at the 291 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
BITCOIN - Price can continue decline to support area in flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price started to trades in rising channel, it first broke $37000 support level, which coincided with support area and continued to grow. Then BTC reached resistance line of channel and in a short time price rose higher, thereby exiting from channel. After this, price broke $41000 level, which coincided with one more support are,a and started to trades inside flat. In flat, BTC tried two times to rise higher than the top part, but failed, and a not long time ago it bounced down again. Now, I think Bitcoin can make a little movement up and then continue to decline to $40350, which coincides with the support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
GOLD → False breakdown of 2070. Rollback to the end of the year FOREXCOM:XAUUSD strengthened quite actively last week. The price is retesting the resistance at 2069.8 formed in August 2020. There are reasons for further growth, but also reasons for further pullback. Let's see On D1 we can see that in the frame of distributive movement the price tests the resistance 2069.8 and forms a false breakdown, which activates a rather strong sell-off. A few hours before the end of the session the price loses 0.85%. In the coming week there is no news except Initial Jobless Claims , analysts are expecting an increase in claims from 205K to 210K. The GDP data weakens the dollar, the Fed's stance also suggests a possible rate cut next year, and in addition the inflation data . The overall fundamental background is unfavorable for the TVC:DXY and we see a decline in the index, which in the medium term is favorable for the gold market. Technically, there are a few days to go until the end of 2023, volatility and liquidity may decrease, but since Friday ended with a false break of resistance zones (2069.8, 2055), the current correction may last. The price may reach the support area before further growth. It is worth paying attention to the following levels: Resistance: 2055, 2050, 2065, 2069, 2075 Support: 2047, 2040, 2030, 2015 I advise you to study the work schedule of your brokers for Christmas and New Year holidays. Each broker determines its own regulations and therefore on these days some companies may work and others may not. Merry Christmas! Have a great holiday! Regards R. Linda!
OANDA:XAUUSD
by RLinda
6
GOLD → The price enters a new range of 2050 - 2070FOREXCOM:XAUUSD is breaking through resistances. Yesterday the US GDP was released, which showed weaker data than the market expected and this is favorable for the gold price. In part we were prepared for it. The TVC:DXY is breaking the pattern and retesting key support. High odds are high that the decline and weakening of the index will continue. Hence, it is bullish for gold to overcome the pattern and range resistance. Gold in a bullish move breaks through the limit barrier and consolidates above the mentioned line. Ahead of us today is the news at 13:30 GMT. I don't think they will change anything after the US GDP. Analysts expect the publication of about the same data as last period (with a slight correction). Volatility may increase in the market, be careful during trading. Gold enters a new range of 2050 - 2070, the intermediate target is 2062. Support levels: 2050, 2048 Resistance levels: 2062, 2075 I expect the continuation of growth even after the news, as yesterday's news defined the medium-term potential for the market. Targets are indicated on the chart. A pullback from 2062 to support before further growth is possible. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
GBPCAD → Trend change and break of range support FOREXCOM:GBPCAD is forming a trend change. The price is breaking the key support area and most likely the fall may continue within the channel. The Canadian is strengthening a bit stronger than the pound sterling, which is losing ground on the background of fundamental politics. On the chart we see the formation of a fresh descending channel, but the range of 1.793 - 1.697 is more key for us. The price breaks the support of the range and forms a false breakdown in the correction phase. Consolidation of the price below the level will form a bearish potential can send the price to the mentioned target. The market may be interested in the lower boundary of the channel as a target. In the long term we consider price strengthening from the trend support and classical trading of the price inside the bearish trend. It is also worth paying attention to the moving averages. Resistance levels: 1.6977, 1.700 Support levels: 1.694, 1.6855 I expect a decline, a retest of the trend support (here is our target), which may be followed by a rebound before a further decline. FX:GBPUSD FX:USDCAD TVC:DXY Regards R. Linda!
Short
by RLinda
1
ETHEREUM - Price can bounce from resistance level to $2200Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price declined to the resistance area, which coincided with $2320 resistance level, and soon broke this level and declined lower. Next, ETH fell to $2150 support level, which coincided with the support area too, and then bounced and started to trades inside flat. In flat price rose to resistance level and made downward impulse to support area, but in a short time rose back, making fake breakout. Then Ethereum hrew back to resistance level, and a not long time ago it bounced from this level and now trades near. Possibly, ETH can rise to resistance level again and then start to decline to $2200 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
GOLD → The market is waiting for news. Falling or rising?FOREXCOM:XAUUSD has been standing still for a few days, as well as the TVC:DXY . The market is waiting for today's news related to GDP and unemployment. What is the difficulty in determining the future direction of the price? Let's start with the fact that since last week the Fed destroyed the adequate price behavior for the medium term. The dollar, based on data, not rumors, should rise, gold should fall, but that is not the case. There is a possibility that this manipulation by the market maker to take more favorable positions before further movement in one direction or another. Today the US GDP and unemployment are published. Analysts expect GDP to remain flat at 5.2% and Initial Jobless Claims to rise from 202K to 214K (a generally bearish scenario for the dollar). If: GDP comes out lower than expected and Initial Jobless Claims higher than expected, the dollar could fall. Accordingly, if GDP rises and unemployment falls, the dollar will probably go up. The movement of the indices will affect the gold accordingly Resistance levels: 2038, 2050 Support levels: 2030, 2020 From the TA + fundamentals point of view, the market is confused, hence a sideways flat, which can be interpreted as neutral forces (obviously). There is a high probability that the dollar could still get stronger. In this case gold may test the resistance before further falling. But news is always unpredictable! Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
🇪🇺 EURJPY 🇯🇵 - Flag against a bearish trend The EURJPY currency pair may continue to fall as accumulation is forming amid the bearish trend. There is a weak flag on the downtrend, which is a set-up for further price decline. Besides, the false breakdown of resistance also indicates the market sentiment Reasons for further decline ↓ 1) range formation on the background of the dovntrend 2) resistance retest and false breakdown at 157.69 3) bearish trend 4) weak fundamental background for the yen
Short
by Gold-Tech
1
GOLD → Consolidation against an unstable background FOREXCOM:XAUUSD continues to consolidate. The market is forming a range after the shakeout, manipulation by the frs, unstable fundamental environment. Let's get to the bottom of what's going on. The price is testing strong resistance on D1, but on the local timeframe both gold and TVC:DXY are in consolidation. Technically, the dollar is showing hints of possible growth, but the important news will be only tomorrow (December 21) and they are expected to be quite unstable. It is difficult to determine the outcome in advance, we will wait for the actual data. Gold is testing the resistance 2048 - 2050, the third retest on D1, but the price does not reach a few tens of points to the maximum. There can be many reasons for this, and one of the serious ones is building a limit barrier due to strong sellers. But again, the price has not yet tested 2050 (no touch). It may happen before a possible rebound. Now there is also a possibility that the market may try to break 2050 and enter the range of 2050 - 2075. We continue to watch this area. Resistance levels: 2048 - 2050 Support levels: 2038, 2030, 2020 From the point of view of range trading strategy, we should expect a fall after retesting the range resistance, as there is no actual trend and on the background of neutrality we can both buy and sell, but inside the range. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
18
EURCAD → A set of bearish patterns foreshadowing the decline FOREXCOM:EURCAD is forming a standard bearish setup on the background of the forming downtrend, as the Canadian is getting stronger than the Euro and thus changing the market direction. On D1 we can see that in general the currency pair is in a global range and it is impossible to identify any key trend, so it is acceptable to trade both buying and selling within the range. But since we have a set of sell signals forming, we should expect further price decline. The level of 1.46400 (D1) plays an important role. Consolidation is formed, then the level is broken, after which a pin-bar is formed on the background of the retest, which confirms the interests of the market. On H1, the price breaks the consolidation support, makes a false break of 1.464 as part of the correction and even on H1 a bearish candlestick pattern is formed with subsequent consolidation of the price below the level, which is an additional confirmation. Support levels: 1.458, 1.456, 1.4478, 1.4350 Resistance levels: 1.464, 1.4747 I expect a continuation of the decline, a retest of 1.464 is possible, but in general the setup hints at the continuation of the downtrend. Regards R. Linda!
Short
by RLinda
3
LPTUSDT → Breakout of multi-month trend resistance. BINANCE:LPTUSDT is moving into the phase of realizing the accumulated potential. Against the background of stalled BTC, LPT / TetherUS looks confident enough to continue its growth after breaking through resistance. The cryptocurrency market is quite active lately. Overall capitalization, flagship, altcoins are warming up after a prolonged winter. Prices are updating multi-month highs and that is encouraging. LTP is still under bear market pressure and only today the pair is starting to show prerequisites for a possible trend change and realization at 12.00. The price is forming a pre-breakdown consolidation against the trend resistance. After retest and false breakdown the price does not fall, a strong support area is formed and on the background of another retest the resistance is broken. The tandem set-up plays the role of a reversal set-up and clearly indicates the formation of bullish potential. Moving averages are starting to show a possible market reversal. Support levels: 6.9, 5.96, 5.35 Resistance levels: 7,56, 9.31, 12.00 Market consolidation above the previously broken trend resistance and the 7.0 area will form a bullish potential that may activate a market rally towards these targets COINBASE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
7
GOLDEN STAR| hard Resistance zone -With increasing buying pressure, the price of gold was able to pass the resistance area (2038) upwards. -Currently, the price has hit the next resistance level, which has also reacted to this area. -My idea for the continuation of the trend is that this resistance zone will prevent the further growth of the gold price and this accumulation of liquidity will cause the price of gold to fall. Share your opinion in the comments, and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by Golden_Star1994
GOLD → Consolidation on weak fundamental background FOREXCOM:XAUUSD remains within consolidation for several days. The market stands still due to the uncertain fundamental environment. The CAPITALCOM:DXY stands in a narrow consolidation, but at the same time forms an ascending triangle, which can be interpreted as bullish consolidation, pushing the price to resistance with the aim of breaking the limit resistance level. If the dollar starts to strengthen, which is expected on the background of the pattern, gold will then start to realize the scenario we expect. Fundamentally, on Friday and Monday, Fed officials made it clear to the market that Powell said nonsense about the rate easing discussion and started to put things in order: a rate cut is possible in March, but it is too early to discuss it now, as inflation is still high and a rate hike is possible. Hence, this is a negative fundamental backdrop for gold. Gold is now in consolidation and heading towards resistance for a retest before a possible fall. Support levels: 2023, 2020, 2010 Resistance levels: 2030, 2033.6 There is a high chance that after the resistance is retested, gold will start a downward phase, as below the above mentioned zones and below the lows there is an area of interest to the market maker - areas of imbalance formed on the background of the strongest rally a few weeks ago. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
ICPUSDT → The development of bullish potential could yield 75%BINANCE:ICPUSDT has finally overcome the resistance of the bearish trend. The coin has a potential for growth. The target could be a 75% rise. On w1 we can see that the coin is still weaker than the cryptocurrency market and is currently showing the prerequisites in which the price can start a rally to catch up with the missed potential. A breakdown of MA-50 W1 and consolidation above forms a bullish leverage that allows for a successful upper channel boundary. On the daily timeframe, price breaks the 6.00 level. In the future, I will wait for price consolidation above this level to open positions with the aim of further price growth and achieving the targets indicated on the chart. Support levels: 6.050, 4.988 Resistance levels: 6.788, 7.100, 7.809 I expect the ICPUSDT coin to continue growing after the price fixes above the previously broken level. Regards, R. Linda!
Long
by RLinda
15
GBPUSD → The start of a rally? A retest of support FOREXCOM:GBPUSD on the back of Powell's loyal speech regarding further rate cuts, but which he has now left unchanged, and also on the back of inflation, which is falling much slower than he would like, is strengthening and updating the high to 1.279 . On D1 we see how the price reacted to the news that came out on Wednesday. Price tests the MA-200 on Tuesday and Powell accelerates the rally on Wednesday. Pretty aggressive market reaction to virtually unchanged data. Oh well. At this point, the price broke the downward resistance, which puts the market in a bullish phase. After consolidation we see the transition to the distribution mode, which may continue after the local retest of the support areas indicated on the chart. Strong bulls have come to the market again, which take advantage of the weakening TVC:DXY The key support area is 1.2715 - 1.2650. A retest of the support may form a false breakdown, and the subsequent consolidation above the level will form a bullish potential. Medium-term targets for further growth are resistance at 1.2784, 1.2888 Support levels: 1.2715, 1.265, 1.2615 Resistance levels: 1.2784, 1.2888 Within the framework of the emerging correction, the price may test the support before further growth. Today there is no strong news that can affect the market, in all likelihood, the bullish influence on the pair will continue. Regards R. Linda!
Long
by RLinda
11
GOLD → Nearby resistance could influence further declines FOREXCOM:XAUUSD on Friday, after the words of Williams (Fed) falls under the sell-off and tests the low of 2015.6. At the moment, the market is calm and forming a correction after a false breakdown of support. For the TVC:DXY , a relatively bullish fundamental backdrop was restored on Friday. In all likelihood, the correction may be followed by a recovery phase, which could affect gold in terms of further declines. Let me remind you that at the moment the price is in the range of 0.382 fibo - 0.236 fibo. On the H1 chart, the price is forming a false break of the support of the 2020 range and is heading towards resistance to retest this area. The market still wants to take the price lower as there is an area of imbalance and interest for the market below the 2000 - 1975 area, but amid strong market manipulation by the Fed, the asset is trading slightly higher than it should be. Support levels: 2020, 2015 Resistance levels: 2030. 2038. 2050 Still, we expect a decline after the resistance retest. The market is recovering fundamental background, within which gold may test lower support levels. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
🇬🇧 GBPUSD 🇺🇸 - Correction within the ascending channel The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel. The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling. Suggested decline ↓: 1) false break of channel resistance 2) false break of 1.273 resistance 3) support retest 4) Consolidation before breakout 5) Correction phase
Short
by Gold-Tech
2
GOLD → Bears are around. The fall may continue, but....FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The paradox of the Fed this week was that Fed Chairman Jeremy Powell gave a strong pattern on Tuesday that they are discussing rate cuts and are ready to do so in the future. As a consequence, an aggressive reaction is forming in the market in the form of a bullish momentum of 3%. And on Friday, one of the Fed's representatives, Williams, said that they are not even going to consider this issue anytime soon. He also added that the Fed is seriously ready to raise rates if necessary. the market reacts with strong sell-offs of $300 or 1.5%. The price is testing one of the strong support areas and from the technical analysis point of view, there is a chance to see a rebound and a retest of the local resistance before a further decline. In the coming week it is worth paying attention to the following news, the data on which can also determine the medium-term outlook for the market: GDP QoQ, Initial Jobless Claims, Philadelphia FED MI Core DGO, CORE PCE Based on the fundamental data from last week, there are strong indications that we should expect the TVC:DXY to strengthen from the market opening and in the medium term. Consequently, after a small correction, gold may continue its decline towards the imbalance zones, which are obviously still of interest to the market maker. The medium-term target may be the support area below 1975. The market may test the support of the global price channel before further growth. At the moment, the priority of forces is for the bulls, as there are a number of nuances and patterns that point to this. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24