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A-flat

GOLD → XAU makes onslaught on limit support OANDA:XAUUSD continues to decline. Since the end of the last session the price forms a limit support level and forms a pre-breakdown consolidation. The realization of a false breakout of global resistance begins The price is forging a local support level, but still has not updated the previous one, formed in late August. Consequently, the market has a target in the near term. This target is 1914.8, also the following areas can serve as a target: 1912,8 & 1903.8. Let me remind - earlier we observed the break of the uptrend support on the background of TVC:DXY (dollar index) strengthening. There is also a possibility that the market may form a small correction to 1926 before falling further. At the moment, within the medium-term scenario, I stick to a further fall in the price of gold. The moving averages are forming a reversal signal (the signal is medium-term in nature). Support levels: 1916.7 Resistance levels: 1920 I expect the fall to continue either when 1916 is broken or after the correction to 1920-1925. OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD CAPITALCOM:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
EURGBP → Weak market. Prolonged support retest FX:EURGBP is under resistance pressure.There is clearly either a weak buyer or a rather strong seller in the market. Regarding the limit support area, the price continues to push. I noted the important level of 0.8541 and 0.8521. And also an important pattern - descending triangle. The support area of the pattern coincides with the area of the limit support. The price has been testing this zone for several months and there is no particularly strong pullback. The price returns to this line every time. Most likely, the weak market continues to hint to us that the global low on the chart may be updated again in the medium term. In priority, I expect a retest of the figure resistance with a further fall to the support area and testing this zone for a breakout and decline to 0.8450. Support levels: 0.8541, 0.8521 Resistance levels: 0.8609 I expect a retest of resistance in the near future with a subsequent fall to the support area. The chance of breaking through this support is quite high at the moment Regards R. Linda!
Short
by RLinda
8
🥇GOLD - Bounce to resistance before further decline Gold does form a false breakout of a strong resistance area. Pay attention to the D1 chart on the left. There is a chance that gold could go down to 1885 or even 1840 TA on the high timeframe: 1) Bearish trend and global price channel keep the price above 1950 2) False resistance breakout forms a sell signal TA on the low timeframe: 1) Price forms an attempt to change the local ascending channel. 2) Price tests 1922 and forms a rebound. The correction may reach the 1930-1935 area. This is like a major step before a further fall 3) We see a trend change and in the long term we should look for strong resistance levels to find a sell entry point Key resistance📈: 1930-1935 Key support📉: 1922
OANDA:XAUUSDShort
by Gold-Tech
17
Bitcoin - The next crash is coming! But first, bullish action. The next crash is coming for the price of Bitcoin, but first we need to correct the recent downtrend! This correction can be pretty significant up to the 0.618 FIB retracement, which is at 27,609. You probably want to set your limit orders to short BTC at this level! After a bullish correction, I expect another huge crash, kindly to 20k. But of course we are not going to go down in a straight line; there will be a lot of bullish corrections, so you need to be clever on when to short Bitcoin. Resistance 2 (start of the GAP + 0.618 FIB) is at 27609, and Resistance 1 (end of the GAP + 0.382 FIB) is at 26406. I see only these 2 levels where the bears should step in again! Above the current price, we have an unfilled CME gap exactly between resistance 1 and resistance 2. These gaps tend to be filled, but of course, it's not mandatory. Bitcoin spiked significantly last week on the GBTC news; a lot of people were really optimistic and bought the pump, but a huge crash followed. It's similar to the XRP news: XRP pumped by 100% and then went down below the starting point of the pump. From the Elliott Wave perspective on the chart, we can see a strong impulse wave, which is a sign of weakness for the price. The expectation is that we need to make an ABC bullish correction before continuing to the downside in the downtrend. This is my current outlook on BTC; I am still bearish, but we need to open short at higher prices! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
95
GOLD → XAU breaks H1 support. False breakout on D1OANDA:XAUUSD is forming a false breakout of the resistance of the global nisode channel. On the local timeframe the price broke the trend support. Can this be considered as signals? Yesterday I talked about potentially important levels for us. Today, price is breaking the support area (local). The reaction to this is enough to break uptrending price channel support on H1. Pay attention to the D1 timeframe. Price is forming a false breakout of the DOWN price channel resistance against the background of the DOWN trend. If the pattern is confirmed (it will be a consolidation of the price below 1932), we will see the beginning of another strong fall in the near future. I talked about the potential of such a fall a few days ago. The target of such a movement could be the area of 1900, 1850 and 1800). Support levels: 1925, 1913 Resistance levels: 1932 The price is forming several sell signals. We need to wait for the confirmation of a bearish set-up to open trades. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
GOLD → Market is at the 0 point on which the direction dependsOANDA:XAUUSD is testing the 1947 resistance again but after updating the low. The market is in place and is forming flat consolidation. Let me remind - globally the price is testing the resistance of the key descending channel Locally we have a bullish price channel. Globally, a bearish trend is forming on D1, the price is testing the resistance after a month of correction. Consolidation is formed above the resistance of the channel. Distributive growth to the mentioned zone reduces the chances of resistance breakout, and if the price goes below the 1935 area, the market may form a rather strong bearish impulse. We are currently interested in the levels of 1947 and 1939. A breakout of 1947 will confirm an attempt to change the trend and in this case the price will head towards 1980-2000. A decline below 1939 will send the price to 1935, a break of which will be a bearish signal for the medium term. Support levels: 1939, 1935, 1932 Resistance levels: 1947, 1950 I expect a retest of 1939 in the nearest future. Further it will be necessary to follow the price reaction to the level, as well as the area of 1947. Regards R. Linda!
OANDA:XAUUSD
by RLinda
23
GBPJPY → Bull market continues to push price after shakeout FX:GBPJPY continues to form a bullish trend. A flat is forming within the ascending price channel and another retest of support leads to a bullish impulse Earlier on the chart we see a strong spike down. A false break of support forms a shakeout in the market, a huge amount of volume is involved and in tandem with unstable fundamentals for the Japanese Yen, it predictably affects the pricing of currency pairs. For us the key role within the flat plays resistance 184.55 and support 183.7. Break of one of the zones with the subsequent consolidation of the price above the line will form the potential for movement in one direction or another. I am expecting growth from 184.55 as a priority. The medium-term target for us will be the resistance area of 186.765. The price is also testing MA-50 and an impulse will be formed in case of breakout. Support levels: 183.700 Resistance levels: 184.55 I expect the continuation of growth in priority. The price can also test the support with a false breakout, but the medium-term potential remains the same. Regards R. Linda!
Long
by RLinda
15
🥇GOLD - Resistance retest and counter-correlation with DXYGold is testing key resistance with a false breakout and this could be a signal for further declines, while the dollar is closing near a strong resistance level and is likely ready to continue to strengthen further TA on the high timeframe: 1) DXY closes near 104.3. Regarding the candlestick analysis, we can assume that the price close indicates further continuation of the move. A small pullback may follow from 104.3 before further growth. 2) Gold on D1 is testing a strong resistance line, which is the upper boundary of the descending channel. A false breakout is formed 3) Two correlation situations are formed, the dollar is preparing to grow, and gold to fall. But if one of them starts to develop the opposite scenario, the other, such as gold, will break the resistance and start strengthening towards 1984 TA on the low timeframe: 1) Price is testing 1942.6. A false breakout is formed 2) A retest of blue support and consolidation below 1942 will form a pre-breakout potential against support. The line may be broken and in this case the price will head towards 1914 and towards 1900 3) BUT! If 1942.6 is overcome and the price forms consolidation above the line, the situation will reverse and the price may consolidate to 1984. Key resistance📈: 1942.6 Key support📉: 1935
OANDA:XAUUSD
by Gold-Tech
18
Bitcoin - Bull trap of the year! (fake pump) Bitcoin pumped significantly, but it's definitely a bull trap, so do not fall for it! We can see that the chart is printing a huge head and shoulders pattern, which is a very bearish sign. This pattern is not confirmed yet as the neckline is holding, but the price is below the major blue trendline, which increases the probability of a breakdown! The trend is not bullish anymore, and this pump is a great opportunity to short Bitcoin. Where to take profit or buy bitcoin? I strongly recommend the 0.618 FIB retracement in confluence with the CME unfilled GAP. This is an extremely strong support, and we should see the start of a new bull market or at least a significant bounce from it! I don't know about you, but I am bearish! Let me know in the comment section: are you bullish or bearish? I want to know your opinion! Altcoins don't look good at all. I can see a huge crash on DOGE (70%). This indicates to me that Bitcoin is still not ready for a bull market. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
192
ETHUSD → Retest of support for decline before further growth BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global growth the market is separated by the global descending line (red dotted line) In the medium term, I expect a rebound from the support of the wedge with further retest of the indicated resistance line. If this area is broken through, the market will get a new potential. Locally the price is in flat, a break of 1631 will lead the price to fall to the range support and the key liquidity area of 1500. A strong bullish reaction is likely to follow from this area, which could lead the market to a recovery. The moving averages are signaling a breakout of support. Resistance levels: 1696, 1750 Support levels: 1631, 1501 I expect a breakout of 1631 and reaching 1501 before a further rise to 2021. Regards R. Linda!
BITSTAMP:ETHUSD
by RLinda
17
EURUSD → Breakout of resistance and rebound from strong support FX:EURUSD is testing the support of the global price channel from W1. On the local timeframe there are also preconditions for a possible bullish reaction to the support area. Globally, the currency pair is still in a bullish trend, now the price is testing the support of the ascending price channel. On the local timeframe we see a breakout of the resistance of the upward channel and a retest of the flat support. If the bulls hold the area of 1.0835, we should expect the currency pair to strengthen towards 1.1000 in the medium term. Moving averages indicate a neutral situation on the market. Price is testing MA-50 Support levels: 1.0835, MA-50 Resistance levels: 1.0918, 1.1000 I expect a bullish reaction in the market after the resistance breakout. Price is flat and we have upside potential to 1.1000. Regards R. Linda!
Long
by RLinda
9
🥇GOLD - Retest of global resistance. Trading in the channelGold on the global chart is testing the resistance of the key descending channel. There is little chance of a breakout of this area as gold's growth has been distributive. A pullback after a false breakdown may follow TA on the high timeframe: 1) A retest of the descending channel resistance is formed 2) The retest is formed after a month, that's a lot of time for price to break resistance the first time around 3) The chance is higher that the decline will start. 4) DXY is testing an important level, if a bullish bounce happens, gold will start falling TA on the low timeframe: 1) A breakout of the ascending channel is forming, but at the same time the price is bumping into a strong descending resistance line 2) The price can no longer update the local high, the retest forms a local high below the previous one. 3) If the price returns to the channel, under the 1942 area, it will start falling towards 1930. Key support📉: 1942 Key resistance📈: 1948
OANDA:XAUUSDShort
by Gold-Tech
17
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have their own plan and continue to retest the resistance area. TA on the low timeframe: 1) The ascending triangle and frequent resistance level retests speak for themselves 2) The 108 level separates the market from a strong and sustained upward move. 3) Price may make a false breakdown of support and start testing the resistance area again. Key support📉: rising line, 107.087 Key resistance📈: 108.123
Long
by Gold-Tech
11
GOLD → Pre-breakdown consolidation near resistance OANDA:XAUUSD makes another jump and updates the high of almost 4 weeks ago. All this is happening after breaking the resistance of the ascending channel. Locally, a symmetrical triangle is formed, which can form an impulse both up and down, the main idea here is that consolidation is formed, which indicates that the market is preparing for further action. Within the bullish impulse the price tests the previously mentioned resistance level 1947 and forms a pre-breakdown consolidation. This level is not a target level and most likely the growth may continue. There is also a possibility that a small correction may be formed before further growth. Moving averages indicate a strong bullish trend. Support levels: 1943, 1942 Resistance levels: 1947 I expect another retest of resistance with a chance of a breakout and further growth towards 1950-1955. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
35
GOLD → False breakdown or breakdown? What's next? OANDA:XAUUSD forms a false break of 1919 support and forms a rally. Yesterday I talked about consolidation on D1, relative to resistance, where we should expect a breakout. It happened, but the momentum was bigger than expected As part of the bullish momentum and breakout of the consolidation, the price also breaks the resistance of the ascending channel, which can be interpreted differently, depending on the view. 1) It can be a breakout followed by consolidation of the price in the green zone, which gives us a buy entry point and a long position scenario. In such a case, price could consolidate to 1947 quite quickly 2) It could be a false breakout. If the consolidation is prolonged and there is no bullish reaction, a false break of trend support is likely to happen, for us the important level will be 1932, consolidation below this line will allow us to enter the trade comfortably. We follow the price reaction on the chart and look for confirmation of signals. Support levels: channel boundary, 1932. Resistance levels: 1937.6, 1947 A flat is forming on d1, within this pattern there is a chance that the price will reach resistance, but globally, the situation with further price growth still looks suspicious. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
16
UNFIUSDT → Wedge breakout and flat breakout BINANCE:UNFIUSDT is forming bullish signals to open a new potential while bitcoin is in a strong bearish correction. On the chart we see the formation of a downtrend. The global consolidation and the bottom retest speak for themselves about the market situation. A few days ago, the price forms a retest of the resistance of the specified figure and breaks it, forming an impulse, but with no result at the retest of 4.55. Consolidation and subsequent retest of the specified boundary is formed. What happened? The price broke the resistance of the specified range. Our task is to wait for the price to consolidate above 4.55 to form a bullish position. If the buyers hold the specified area, the price may reach the level of 6.850 and even 8.375 in the medium term. Support levels: 3.322, 4.55 Resistance levels: 5.45, 6.85 I expect consolidation above 4.55 with further growth to the above targets. Regards R. Linda!
ULong
by RLinda
8
GOLD → Gold is consolidating, there could be a lot of traps.OANDA:XAUUSD updates the local high, forms a retest, but cannot pass the area. The price is forming a correction that may reach the trend support area Within the medium-term perspective on D1, the price is forming a setup for medium-term sales, but there is no confirmation yet. On the local chart the price is in an uptrend and is preparing to continue rising. On the d1 chart on the left we see consolidation formation for 4-5 days, most likely gold may try to break the resistance to reach the liquidity area of 1925 and 1935, but from the mentioned resistance area in the medium term price may react in a bearish way. At the moment gold is slowly rising and at the same time forming strong bearish impulses, the market is saving energy to move in one direction or the other, partly the situation depends on the DXY dollar index. Support levels: 1916, 1910 Resistance levels: 1920, 1925, 1930 I expect consolidation in the specified range, a false breakout of one of the trend boundaries or flat is possible, while the market is consolidating it is difficult for us to determine the exact future direction. Regards R. Linda!
OANDA:XAUUSD
by RLinda
13
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
Bitcoin - Be aware of the final dump! (triangle) This is a quick update on Bitcoin's short-term price action! Bitcoin is moving in 3 wave structures, which indicates a triangular formation that usually breaks in the direction of the main trend! I am bearish on BTC until we hit my price target of 24800, which is a significant swing high from June. The triangle suggests it as well. I expect a final impulsive wave to the downside before a pump back to 27,000. I think this break of the triangle will be only a fakeout to take liquidity, so make sure you take profits and do not stay in the short position for a long time! Now the question is, will we see another bounce from the ascending trendline of the symmetrical triangle? It's really possible because, from the Elliott Wave perspective, triangles have 5-waves in them, as ABCDE. Now Bitcoin is in the D wave. But sometimes triangles are shorter, and we could go down sooner rather than later. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Overall, you probably know that I expect 21k to be hit later this year and potentially 15k next year, so do not buy any Bitcoins at the current price! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
85
💱GBPJPY - Support retest on the background of bullish trend GBPJPY is forming an ascending price channel, but at the same time we see a reversal pattern forming and a retest of trend support. TA on the high timeframe: 1) Price breaks the resistance at 184.76 and forms a local high of 186.764 2) The liquidity area forms a density from which the price bounces and tests the key resistance TA on the low timeframe: 1) An ascending price channel is formed 2) The price bounces from the trend support and forms a retracement of 184.800. 3) If the level is broken, bullish momentum is possible 4) If the price does not break the resistance, returns to the support retest, then we should wait for the support breakout for further sales Key resistance📈: 184.800 Key support📉: 184.47
Long
by Gold-Tech
7