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KNCUSDT → A break of resistance forms an impulseBINANCE:KNCUSDT breaks the resistance of the figure and forms the primary impulse. The resistance 0.726 is retested. The price moves to the realization phase. What to expect next? KNCUSDT is forming a bullish setup. The prolonged downtrend may break and change to a bullish trend. The price is retesting 0.726 in the phase of realizing the accumulated potential. If 0.726 is broken through, the growth to the key resistance 0.933 can be formed, which will separate us from the active growth to 2.200, as the area of 0.933-2.200 is empty and there will be no obstacles for the price. Recently, altcoins are increasing volumes and are active, which may show good potential in the near future. Support levels: 0.575, 0.495 Resistance levels: 0.726, 0.933 I expect a bounce from 0.726 and a possible retest of the previously broken figure boundary, but in the medium term I stick to the fact that the price can show excellent growth by tens of percent. Regards R. Linda!
Long
by RLinda
17
🥇 GOLD - Retest of market support, readiness to decline Gold breaks through the 1963 resistance, but as it turns out this maneuver is false. The descending price channel is contributing to the price action, while at the same time price is retesting the support area and retracing back to that area to test the breakout attempt. TA on the high timeframe: 1) Price is approaching range support. NFP related news may negatively affect the price 2) The liquidity area against which an entry point can be formed is around 1942. A breakout or false breakdown is possible TA on the low timeframe: 1) On July 27, the price tests 1942 and forms a rally to 1973, after which the price does not go further, but comes back and tests 1942 again, but now already updating the local bottom 2) After a few hours and a retest of the liquidity area 1950-1955, the price returns to the support retest. Most likely the market is negative. 3) A pre-breakout consolidation is forming, which may break the market support under the pressure of fundamental factors. Key resistance📈: 1950 Key support📉: 1942.5
OANDA:XAUUSDShort
by Gold-Tech
10
💱USDJPY - Correction before further growth USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of 144.69, most likely in the medium term we will see growth to this mark. TA on the low timeframe: 1) A bearish correction is forming. This movement may test both 141.9 and 140.7. 2) There is no talk of a trend change, there is a strong bullish trend on the chart and a smooth transition into consolidation is forming. 3) Locally we have a bullish trend and in our case we should look for support levels to open long positions. Key support📉: 141.95, 140.73 Key resistance📈:143.00
Long
by Gold-Tech
5
EURUSD → A false break of support could provide bullish momentumFX:EURUSD is forming a false breakdown of the support line. The price is still trying to hold within the bullish trend The false break of the trend support led to an increase in liquidity, after which a reaction is formed in the market, which brings the price back into the channel and confirms the false breakdown. The false breakout may be followed by a retest of 1.09480 which will signal that the price is not ready to rise and will start to fall. BUT! If the currency pair consolidates above the support line of the uptrend, the market will form the potential for strengthening. Moving averages act as resistance. Support levels: trend line, 1.0948. Resistance levels: 1.1033, 1.1075. I expect price consolidation above the support line, relative to which a false breakdown was made. After that I will wait for growth to the resistance. Regards R. Linda!
Long
by RLinda
13
🥇GOLD - The current scenario is a bear channel Gold is forming a bearish channel, the area of density on the side of resistance, which the price failed to pass, begins to pressure the market and thus makes the price of the asset weaken. TA on the high timeframe: 1) Price is still in a range 2) The bearish trend is valid 3) The liquidity area where the price can go is below 1943. TA on the low timeframe: 1) Price breaks 1963 again and forms a false break of the level 2) We should expect price to consolidate below the level, or below 1953 to look for a selling entry point 3) The price is likely to acquire a target in the form of a downtrend support area around 1940. Key resistance📈: 1963 Key support📉: 1953
OANDA:XAUUSDShort
by Gold-Tech
7
Bitcoin - Bart pattern + Comment your altcoin!Make a comment with your altcoin below this idea, and I will give you my opinion/analysis of it in reply! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: The bart pattern is a new type of chart pattern that occurs specifically on Bitcoin but sometimes also on other coins. It's something like pump and dump, but at the top of the pattern we have a sideways price action that looks like a Bart's head. Usually August and September are the most bearish months on Bitcoin, so I would not be surprised! Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! When we look at the daily chart, we can see an ascending parallel channel with 3 touches at the bottom. This indicates to me that the bulls are losing steam because they are unable to make a parabolic uptrend! There is still a possibility of going up to 32k - 33K in the short term, but this is something I don't want to speculate on. And even if Bitcoin could pump to these higher levels, the crash would follow either way. My Elliott Wave count suggests that a deep retracement is on the way up back to 20k or 21k, which is definitely a good price to buy as much Bitcoin as possible and prepare for the new bull market in 2024 and 2025. Also, you can open a long-term leveraged position on futures in this zone. We still need to wait around 8 months for the halving event, and that's plenty of time for a crash. We have a lot of unfilled FVGAPs and a CME GAP below the current price. They are going to be filled sooner or later. If we take a LOG fibonacci retracement from 16.3k to 31.5k, we can see that the 0.618 golden ratio is at 20303. The whales really like to buy BTC at this specific Fibonacci level, as it has the highest successful rate of all Fibonacci levels. This bart pattern looks pretty funny, but if you are on the wrong side of the market, it's definitely not funny. The price moves extremely fast, and you can wake up into a massive red dildo. 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
356
💱 EURCHF - A reversal pattern. What to expect from it? EURCHF is forming a reversal set-up. Against the backdrop of the global downtrend, this doesn't tell us much, but if the price overcomes the resistance, a quick trend reversal could be in order TA on a high timeframe: 1) Strong bearish trend 2) Price continues to fall and test the bottom 3) Liquidity area that may be of interest to the market is above 0.96500 TA on the low timeframe: 1) A reversal setup is being formed relative to the 0.95987 level. 2) Consolidation between H&S base and 0.95897 support is possible, after which growth may follow 3) Bullish momentum may reach 0.96770 as this area is a global liquidity area. Key support📉: 0.95987 Key resistance📈: 0.96500
Long
by Gold-Tech
6
GOLD → Buyer weakness leads to a retest of support OANDA:XAUUSD is forming a false break of support after which a bullish impulse is developing, which is predictable, but within the framework of the local rally the price cannot update the local maximum, which may indicate buyer weakness A fall is formed after the establishment of LH 1972. The price breaks the 1959 level and forms a consolidation below the level. A consolidation in this area may form a potential for further decline, which may form another retest of 1948 support, and this movement will already form a potential for a possible breakout of this area with a further decline to 1933. After the breakout of the uptrend, a flat is formed and the price can stay within these limits for quite a long time, but there are no preconditions for breaking through the flat resistance or flat support. We are waiting for the price to approach the boundary and will follow the reaction. Support levels: 1953, 1948 Resistance levels: 1959, 1972. I expect the price to decline to the flat support. Further reaction to the level of 1948 will show the medium-term potential (rebound or breakout to 1933 is possible). Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
ETHUSD → Correction, after which growth to 2000 may be formedBITSTAMP:ETHUSD continues to form a bullish price channel, as evidenced by the MA-200, which accompanies the trend support. The price is forming a correction and breaking the support of 1846, thus marking the next target before further growth Ethereum is forming a global flat 2021 - 1700. Support 1728 plays an important role for us and there is a high probability that the price may test it in the near future. But we are primarily interested in the support of the ascending channel. The cryptocurrency market after active strengthening has moved to the correction format following bitcoin. There are no particularly key fundamental factors on this basis, as many nuances speak about the increasing interest in this market. The price is in a range and in our case we can apply a range trading strategy, which means that in an uptrend we need to look for strong support areas to open buy trades. Support levels: trend boundary, MA-200, 1775, 1728. Resistance levels: 1846, 2021 I expect the correction to continue to the support area of the uptrend, after the retest of which may be followed by a bullish impulse. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
13
Bitcoin - Falling wedge will send BTC to 32k! (act quickly) The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly. We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K! 32k is a strong resistance because of the ascending trendline, so make sure you take profit or open a short when the time comes! On the way up to 32k, we have some minor resistances, such as the previous unfilled FVGAP and 0.618 FIB retracement. Good for intraday pullbacks, but nothing huge. 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. From the Elliott Wave perspective, we clearly see an overlapping structure in the downtrend. I marked it as WXY (double three pattern). Also, the X wave looks like a triangle, which suggests that the downtrend is almost over. This is my update on BTC. I expect higher prices for the crypto market in the next few weeks! Alt season is ready, so make sure you buy some altcoins if you haven't already, as per my previous analysis. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! What do you think about Bitcoin? Let me know in the comment section; I look forward to your opinions! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
115
🥇GOLD - Consolidation below the support. Fibo retest GOLD after retesting the support area of the uptrend forms a false break of 0.5 fibo and declines, updating the local minimum at the beginning of the trading session. The market is forming consolidation below the previously broken support TA on the high timeframe: 1) Price in range, resistance was tested earlier 2) Price failed to make a new high on a retest of resistance 1984 3) Price is forming liquidity areas TA on the low timeframe: 1) A decline is formed after a retest of broken trend support 2) Price declines to 1950 and forms a retest of 0.382 fibo. 3) Most likely the market is looking for the area of local liquidity and forms consolidation of the potential for possible movement in one or the other direction 4) It is possible to decline from 0.382 fibo, or growth from 0.5 fibo. Key support📉: 1948 Key resistance📈: 0.382 fibo and 0.5 fibo
OANDA:XAUUSDShort
by Gold-Tech
17
💱USDCAD - ascending triangle realizationUSDCAD breaks the resistance of the bullish pattern and moves to realize the accumulated potential. The price can overcome the way to the nearest resistance quite quickly if the bulls hold their positions TA on the high timeframe: 1) Price still has upside potential towards 1.333 2) Breakout of the liquidity area forms a consolidation above 1.32300 TA on the low timeframe: 1) Price breaks out of the range and forms a consolidation 2) A retest to 1.32280 is formed, I expect a false breakdown from below and possible consolidation of the price above the level. 3) At the moment sellers are testing the support. Key support📉: 1.32279 Key resistance📈: 1.3303
Long
by Gold-Tech
8
GOLD → Prerequisites for a possible breakthrough of supportOANDA:XAUUSD forms a false breakdown of the specified resistance level of 1959.8. The fundamental factors of last week indicate the weakness of the instrument After a strong bearish impulse from the resistance of the 1983.7 range, a correction is formed aimed at retesting the 1959.8 area, the resistance is not broken and the price begins to decline. An attempt to retest the support of 1948 is being formed, which is a prerequisite for the market's readiness for further decline. The 1948 retest and the formation of pre-breakout consolidation near the level can form a potential at which the market can break support and decline by 1933. A reversal pattern is formed on D1, to confirm its implementation, the price needs to overcome the specified support. A bullish setup can appear only if the 1959 breakout and price consolidation above this line. Support Levels: 1948 Resistance levels: MA 50, 1959 I expect a 1948 retest with a possible breakthrough of support and further decline. Sincerely, R. Linda!
OANDA:XAUUSDShort
by RLinda
22
NZDUSD → Shake-up the support of the uptrend. Bullish potentialFX:NZDUSD forms a false breakout after retesting trend support, so we have the prerequisites for a new bullish movement. The price returns to the boundaries of the ascending channel after the support shake. Earlier, there was a shake-up of resistance, and the price fell to support. The price tests the Fibo 0.236 and forms a consolidation above this line, the support line also coincides. Consolidation of the price above this area will form a bullish potential, and in the medium term, the price may show strengthening. The global trend remains neutral, the local trend is still bullish. Moving averages may give a signal in the near term. Support levels: 0.236 Fibo, Trend support Resistance levels: 0.382 fibo, 0.6305 I expect the price to consolidate above this support area with further strengthening to 0.6305 or 0.6381. Sincerely, R. Linda!
Long
by RLinda
12
GOLD → Friday's buyback. NonFarm in the coming week OANDA:XAUUSD after breaking the global trend support and attempting to change the trend is not in a hurry to fall yet, most likely the price is looking for confirmation of which way to go. Consolidation is forming which may confuse many. In the coming week there are quite important key reports: - ISM Manufacturing PMI (analysts expect a slight strengthening of the indicator) - ADP Nonfarm Employment Change (may be followed by an improvement on the back of GDP growth) - Initial Jobless Claims (analysts expect deterioration of the indicator, last week the indicator was upgraded at the forecasted deterioration). - ISM Non-Manufacturing PMI (analysts expect a deterioration) - NonFarm Payrolls ! (Analysts expect it to worsen from 209K to 184K) - Unemployment Rate (unchanged) Against the backdrop of a rising GDP and a relative decline in inflation (unconfirmed), the indicators of the upcoming news may change relative to the expected data. If the expected data is confirmed, then the dollar may lose some ground and give a little room for gold to strengthen. From the technical analysis point of view: The price is in a sideways flat after the breakout of the global bullish channel. Everyone expected a sharp fall after breaking the support, but with the unstable fundamental background, gold is strengthening and forming a flat within 1983 - 1935. If we take a closer look, we can see a reversal set-up against the upper boundary of the range, which is a strong resistance, but on Friday gold buys back a 0.9% drop and once again questions the H&S set-up formed. At the moment the 1959.8 resistance plays a key role, the price forms a false break of the level but at the same time closes very close to this line, from the opening of the session a gap up could follow which would open the price above 1960. Since the price is flat and closed last session within the setup, the local strengthening may continue to 1980, and then we have to watch the price reaction to these levels. We should also pay attention to the fact that on the background of the news a strong bearish impulse was formed, which broke several supports and formed a correction to 1959.8. If this level is held by the sellers, the bears may send the price to 1948 for a retest (negative fundamental background is still present in the market). Regards R. Linda!
OANDA:XAUUSD
by RLinda
23
Bitcoin - Huge alt-season is starting! (buy altcoins) Bitcoin dominance is going down, and in confluence with this sideways price action, I expect a huge alt-season! It's a great time to buy some altcoins. We can clearly see that the price of Bitcoin is stuck in this rising wedge pattern. Because of it, generally, there is a higher probability of the price going down, but we still have plenty of time, and the price can stay inside for another 30 or 50 days. We need to wait for the rising wedge pattern to show us the direction. The trendline of the rising wedge is slightly ascending, which is unpleasant to the bulls for a breakout. It tends to make swing failure patterns above the previous high, but you can take advantage of it and short it. 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. Trading Bitcoin on higher timeframes is currently not worth it because of its low volatility. You can still trade it on an intraday basis. But I prefer altcoins at this moment because the Bitcoin dominance chart (BTC.D) is showing some signs of weakness. Bitcoin broke out of the market structure in recent days but quickly went back up. So we need to be patient. To increase the probability of success, switch to altcoins! Litecoin's halving event is in 6 days, which should send the price to the moon. We will see... I am prepared for it. This is a quick update on BTC; I am not short or long on it. I trade altcoins! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
138
BTCUSD → Price is forming a consolidation. Retest of 0.382 fiboBITSTAMP:BTCUSD is in the correction phase. The market is forming a decline in volatility to the lows of the last few months. Globally we still have an ascending price channel and a bullish trend. The price is declining to the limits of 0.382 fibo. Consolidation is formed above this line, in this case if the price continues to consolidate near 0.382 in the absence of a bounce, a breakout may follow and the price may decline to 28474 for a retest. A positive sign for us will be a rebound from 0.382 and a breakout of 0.236 with the subsequent consolidation of the price above the level, in this case the bulls will again begin to show potential and form a retest of resistance. The medium-term view of the situation tells us that this technical correction may continue, but not for long. The price is testing the important support area MA50 - 28474. In the long term it is worth paying attention to strong support levels, and secondly to the resistance, because in the uptrend it is worth looking for reversal points and entry points and breakout entry at these areas. Support levels: 0.382 fibo, 28474, 0.618 fibo Resistance levels: 0.236 fibo, 30575 I expect the correction to continue with a possible retest of 28474, but in the long term I expect continued growth to retest 30575 with a subsequent breakout and price movement to trend resistance. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
29
GOLD → Re-test of support after a heavy fallOANDA:XAUUSD is falling. After the news press release on Wednesday and Thursday, the price fell by 2.27 and this is one of the biggest drops in the last few weeks. The opening of the session begins with consolidation and repeated retest of support The price is testing the support of 1948.16 and forms a small pullback and this is a fairly predictable reaction. The position in the market quickly turns over and sellers begin to dominate again. The market cannot form a deep pullback and forms a quick retest of support in 1948. This is a strong enough signal that the market is preparing for a continuation of the fall. I think that there may be an attempt to buy back part of the fall, in which case the price may strengthen until 1959, but I am not sure that this level will be broken. We monitor the reaction of the price to the specified levels. Moving averages do not provide clean data, because a struggle between participants is taking shape in the market. Support levels: 1948, 1933.9 (important level of 1939) Resistance levels: 1955, 1960 I expect a possible rebound and another support retest, which will only increase the potential for an approaching support breakthrough. Medium-term goal 1939-1927 Sincerely, R. Linda!
OANDA:XAUUSDShort
by RLinda
24
EURUSD → The market is preparing for further decline FX:EURUSD is forming strong declines after the news on Wednesday and Thursday. The price is weakening by 2.95% amid the strengthening of the dollar On the chart I have indicated the current range with a width of 3.97%. The range boundaries are resistance at 1.1075 and support at 1.0635. At the moment the asset is within the ascending channel, but this is not important for us, we are interested in the ascending support line, which plays a key role for the price. We are interested in the price reaction to this line to determine further decline. We should wait for either a breakout or a false breakout, the signal for a set-up will be consolidation below or above the line. Accordingly, if the price consolidates below the level, the market will form an area for entering short positions Moving averages act as resistance Support levels: Trend line, 1.0948, 1.0835 Resistance levels: 1.1075 Most likely in the long term we should expect a decline, but a rebound is possible against this line before a further fall. The lower boundary of the range could be a medium-term target. Regards R. Linda!
Short
by RLinda
12
🥇GOLD - Retest of a previously broken trend line Gold breaks local trend support and updates the low to 1942.5. A reversal pattern is forming on the global timeframe, but the fundamentals are giving the opposite signal. TA on the high timeframe: 1) On the secondary movement on Wednesday and Thursday, the price failed to update the local high and is declining to the shoulder base area 2) A false breakdown of the liquidity area is being formed. If the price fixes below, the potential for a fall will be formed TA on the low timeframe: 1) A break of support forms a correction to the previously broken line 2) The resistance area can be tested by a false breakout. For the short scenario to be confirmed we need to wait for consolidation below 1957 3) Price is forming a correction and testing 0.382 fibo, most likely there is a chance for consolidation to 0.5 fibo, but only the price reaction to this area will give us confirmation whether there will be a rise or fall Key resistance📈: 0.382, 0.5 fibo, trend line Key support📉: 1948
OANDA:XAUUSDShort
by Gold-Tech
13
💱 NZDCHF - Pre-breakout setup. The market is getting to fall NZDCHF continues to observe a multi-month bearish trend. This time price finds limit support at 0.53362 and continues to make an onslaught on this zone. TA on the high timeframe: 1) The strong bearish trend continues. Price is unable to update the local highs 2) Flat (consolidation) is being formed. Within the consolidation, the price is approaching the support for another breakout TA on the low timeframe: 1) A bearish channel is formed. The price bounces off the resistance and tests the support 2) The currency pair is squeezed between 0.54000 and 0.53360 3) Another (4) support retest is formed. Under market pressure after the next test, the price may break the support and head lower towards 0.52500 Key support📉: 0.53360 Key resistance📈: 0.54000
Short
by Gold-Tech
14
🥇 GOLD - Retest on the back of the news could break resistanceGold is forming a quiet growth. Surprisingly, there is no violent reaction to the news, but at the same time the situation is still unstable. Today will be known data on employment and gdp. Keep an eye on the news! TA on the high timeframe: 1) Price forms a flat resistance retest. 2) This quick retest implies that the market is ready to continue rising. 3) Price is approaching the liquidity zone. A bullish impulse may be formed when this zone is broken through. TA on the low timeframe: 1) Price is moving in fast volatile moves, but note that a large position is being gained due to the fact that a drop and rise is being formed on increased volatility, but at the same time price continues to strengthen. 2) A retest of 1983.6 may form a pullback, but not a big one. 3) Price is still far away from the resistance breakout and in this case it will have to form a pre-breakout consolidation or a quick retest of the resistance area 4) Growth is the priority. But it is possible that the growth will occur after a pullback Key support📉: 1973, 1963 Key resistance📈: 1983.6
OANDA:XAUUSDLong
by Gold-Tech
14
💱CADJPY - We expect resistance retest CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance TA on the high timeframe: 1) 109-104 range is forming. False break of 104 sends price to 109 2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area TA on the low timeframe: 1) Downside resistance and upside support is forming a narrowing consolidation that is beginning to form a symmetrical triangle. 2) Globally, the forces are tipped towards the buyers, hence the market under trend pressure may break the market resistance. 3) A rebound from support is formed and the market is directed towards 107-107.6 4) We are waiting for growth to the resistance as a priority Key support: 105.85 Key resistance: 107, 107.6
Long
by Gold-Tech
6