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Bitcoin - Huge pump is ready! + Bullish pennant Bitcoin is forming this bullish pennant on the daily chart. The price has been inside this pattern for a month, and it's time for a massive breakout! The next stop is around 34k because of the 0.618 FIB extension from Wave (1) to Wave (2) and we can hit this target next week. After it, a pullback is likely, but continuation of the uptrend to 39k is in place as per my previous analysis. Then I expect a crash to 21k! 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. Bitcoin has been consolidating for 1 month with a complex Elliott Wave correction wave (WXY) - Triple three. Before this correction, there is a strong impulse wave (12345). Now we should see a 3rd impulse wave followed by a triangle (ABCDE) or a ZigZag (ABC) and a final diagonal wedge pattern. Usually, when one of the corrective waves of a major impulse wave is complex, the second one should be a triangle or a zigzag pattern. XRP is pumping, and I hope you bought some cheap coins as I recommended! 1.3 is a strong resistance for XRP, so check out my previous idea in the related section down below. Also watch SPX and NDQ, if it his a new all time high, a major crash could happen also on BTC! Bitcoin is unfortunately pretty weak compared to other assets this year. I feel an alt season in the air, at least for a couple of weeks. I already have full bags of altcoins, so I don't know about you, but I am prepared! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
152
🥇GOLD - Break of local support, the trend is still bullish Gold tests the resistance of the global range and makes a false breakdown of 0.5 fibo, which forces the market to form a correction, which in turn breaks 0.236 fibo and forms a consolidation below the level, preparing the market for further decline TA on the high timeframe: 1) False break of resistance sends the price to 1960 2) The area of interest and liquidity is around 1945, most likely the price may reach this area soon TA on the low timeframe: 1) Breakout of local support. In the near future the price may form a correction if a false breakdown of 0.236 fibo is made. 2) The trend continues to exist within the ascending channel 3) Within the trend, the price is forming a correction, the change of trend is out of the question. Key resistance📈: 0.236 Fibo, 1972 Key support📉: 1961
OANDA:XAUUSDShort
by Gold-Tech
18
💱NZDUSD - Bounce from 0.618 before further decline NZDUSD is making a perfect move within the previously formed idea. The currency pair breaks the ascending support and falls to 0.618. The target has been reached, But! TA on the high timeframe: 1) Price has passed only the first half of the way. The global target could be 0.6084 or 0.5985 2) Overcame the liquidity area, which is resistance at the moment and the price is heading towards support. TA on the low timeframe: 1) A rebound from 0.618 fibo to the nearest resistance is likely to follow at the moment 2) The resistance at 0.62328 may take the price again, but not let it go up. In this case a rebound or a false breakout with a subsequent fall will be formed. 3) The local trend is downtrending and it can bring the price to 0.61339 rather quickly. Key resistance📈: 0.5 fibo Key support📉: 0.618 fibo, 0.61339
Short
by Gold-Tech
9
GOLD → Dollar allows gold to break trend support OANDA:XAUUSD is weakening while the dollar is starting to strengthen. The only fundamental factor affecting this is inflation, which the FOMC is still trying to combat XAUUSD is breaking uptrend support and forming a retest of flat support at 1959. There is a key liquidity zone below this boundary that could become interesting for the market, and price is likely to enter this zone on the backdrop of what is happening. If the price fails to reach this mark on a retest of 1959, a rebound will begin to form, which could reach one of the key areas of resistance before a further (possible) fall as part of a counter-trend correction. On D1, price is forming a false resistance breakout and on H1, an H&S is forming which hints at a possible decline. Within the flat market, 1935 level may be interesting (but it is not accurate). MA-50 is resistance and MA-200 is support, which may be tested in the near future Resistance levels: 1965, 0.236, 0.382 Fibo Support levels: 1959,8 I expect a correction to resistance for a possible retest, followed by a fall to flat support and the possibility of further declines. Regards, R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GBPUSD → A FB and a retest of 0.618 could send the price to 1.26FX:GBPUSD forms a false breakdown of a strong resistance area. A downward correction is formed against the background of local strengthening of the dollar index On the chart, the currency pair retests the key support line at 1.2848. A pre-breakdown consolidation is formed against the background of correction. The price overcomes the area of 0.5 Fibo and is directed to test 0.618. If the currency pair breaks 1.28000, the correction format will turn into a change of trend and the price may fall to 1.26000 within the upward price range. Regarding 1.2848 there are two possible scenarios, a false breakout with subsequent growth to 1.3000. Or breakout and price entry to 1.2848-1.26800. In this case our target will be the support. MA-50 acts as resistance, while MA-200 is preparing to take a retest from the price Resistance levels: 0.5 fibo, 1.2965 Support levels: 1.2848, 0.618 fibo. I expect the formation of pre-breakdown consolidation and possible breakout with further price decline to 1.26800. Regards R. Linda!
Short
by RLinda
9
🥇 GOLD - A pre-breakdown consolidation is forming Gold after a false breakdown on July 18 forms a pullback and tests the local support of 1972. After the false breakdown, against the basic stereotypes, the price retraces to retest the resistance. TA on the high timeframe: 1) Closing of the last two daily candles forms near range resistance. There is no downside after the false breakout 2) Price forms a liquids area below support and forms an impulse TA on the low timeframe: 1) A pre-breakout consolidation is forming near channel resistance and 1984. 2) The trend is bullish and most likely the growth may continue in the near term 3) A break of the resistance will send the price to 1999. Key support📉: 1978, 1972,2 Key resistance📈: 1984, trend resistance
OANDA:XAUUSDLong
by Gold-Tech
10
💱GBPAUD - False breakdown and reversal setups GBPAUD is forming a false breakout and a global reversal pattern that could send the price 400 pips down. TA on the high timeframe: 1) False breakout of the resistance zone: 1.9183 - 1.9035 2) Price breaks the base of the reversal pattern and forms an impulse. TA on the low timeframe: 1) The H&S reversal pattern starts the realization phase 2) As the price is in a global flat, we have the potential for a decline to 1.86000 3) Price breaks 1.889, most likely a retest or bounce to 1.8988 before further decline. Key support📉: 1.8894, 1.8782 Key resistance📈: 1.8988
Short
by Gold-Tech
5
GOLD → Correction after the LH update. Growth may continue OANDA:XAUUSD continues to execute active movements in the direction of price strengthening. This time the price is testing the resistance 1987.5, which indicates a high bullish potential and a strong trend The price is forming a correction after the impulse. In the zone of interest we have the level of 1981. The price is testing the support and if the market can hold this area, the price will head towards 1993 in the nearest future. A false breakdown scenario is possible and in this case the price will go to the support of 1970 before further growth. On the background of weakening dollar and news about weak inflation, the price of dollar is falling, which positively affects the price of gold. In the future, after fixing the price above 1981.7, such targets as 1993 and 2000. Support levels: 1978, 1970 Resistance levels: 1981.7 At the moment the key role is played by the level of 1981.7. The price may continue to test the area for a breakout in the near future, or make a rebound, but on the subsequent retest of 1981.7 the level may be broken and the price will show an impulse to 1993 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
🥇GOLD - Resistance Retest. Correction to 1972-1963Gold is testing a strong resistance area that could push the price back quite a bit. If the price shows strength against the bears and signals further upside, we will take advantage of it TA on the high timeframe: 1) Price is testing the global flat resistance. A rebound from the resistance is possible 2) The bullish trend is resuming 3) At the same time candlestick analysis suggests the continuation of growth TA on the low timeframe: 1) Price forms a retest of the uptrend resistance. 2) After a false breakdown, consolidation under the level is formed. 3) The closest support that price can aim for is 1972. This could then be trend support 4) Price returning to trend resistance or to 1984 for a retest will signal a breakout and a continuation up to 1999. Key support📉: 1972, 1963 Key resistance📈: 1980, 1984
OANDA:XAUUSDShort
by Gold-Tech
13
💱EURJPY - Breaking through resistance offers new potential EURJPY is forming a flat. The wide range allows to accumulate enough liquidity before a further surge in the impulse format. TA on the high timeframe: 1) False break of support 154 forms a strong momentum that breaks several local resistances 2) Price passes the key liquidity area of 155-156 and aims for 158 TA on the low timeframe: 1) A break of 156.789 gives new potential for the price 2) Locally we have a bullish trend. Consolidation above 156.789 will give a good entry point for buying. 3) In terms of outlook, I expect growth from 156.789 to the nearest liquidity zone Key support📉: 156.789 Key resistance📈: 157.93
Long
by Gold-Tech
5
GOLD → A temporary respite after a high jump OANDA:XAUUSD continues to form a bullish trend, indicating strong interest in the market. The strong rally is moving into a narrow consolidation, which may hint at certain implications Yesterday we saw a breakout of the local consolidation and a gorgeous 200 pips momentum. The price is testing the resistance at 1981.7 and forming a 110 pips wide fljt. Gold may test the support and start strengthening again or form a consolidation near 1981.8. At the moment, since there is a strong trend, we should consider either a rebound from 1970 or a breakout of 1981. The growth may continue and the price may test 1993 soon. The moving averages indicate a strong bullish trend. The daily timeframe is forming a candlestick that gives a prerequisite for a breakout of 1981 in the near future. Support levels: 1975, 1970 Resistance levels: 1981.8 I expect consolidation with the subsequent breakout of 1981.7. In the long term I expect growth to 1993 and 2000. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
28
EURAUD → A shake-up could provide bullish momentumFX:EURAUD in the format of local uptrend forms an interesting set-up of two false breakouts and pre-breakout consolidation after market clearing. Growth may continue. The shakeout in May and mid-June cleared the market of a lot of crowds with their bids and increases the market maker's liquidity. A third approach to resistance and a third premise for price to break out of the range could be true. Price is forming a sideways range of 1.654 - 1.626. Within the flat range, price is forming a pre-breakout consolidation near resistance. The euro is recovering and most likely will try to break the mentioned level. The moving averages act as a strong support, especially MA-200, which outlines the support of the ascending channel. Resistance levels: 1.654, upper boundary of the channel Support levels: 1.646 I expect a resistance retest followed by a breakout. Strengthening of the currency pair may continue. Medium-term outlook 1.6786 Regards R. Linda!
Long
by RLinda
13
Bitcoin - Pump to 39k! But then, crash to 21k (juicy) We have had a lot of bullish news in recent days, and that's why Bitcoin is going to reach up to 39k this summer, but do not be too excited because I am expecting a huge crash to 21k later this year! 39K is an extremely strong resistance for the bulls, mainly because of the 0.618 FIB retracement and point of control of the previous market structure. Also during the downtrend in 2022, the price created an unfilled fair value gap, which acts as resistance as well. We can fill this gap and start a major downtrend. 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. At this moment, Bitcoin is inside an ascending parallel channel on the daily chart and has touched the trendline three times. 3 touches is a lot; it basically failed to make a parabolic move, so I expect this trendline to breakdown this year and start a downtrend! What could be the price target for the upcoming downtrend? We still have an unfilled CME GAP at 21110, which is a magnet. All CME gaps on Bitcoin were always filled, and there is a 100% historical probability of going down and filling them! Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! From the Elliott Wave perspective, this uptrend from 15k to the current price of 30k looks impulsive. It has a good angle, and there are totally no overlaps on the line chart, even though there is a small overlap on the candlestick chart. I market it as an impulse wave 12345, and we still have room to go up to finish the 5th wave. Look at my previous idea about "XRP" in the related section down below; it's very important! That's all for today. It's possible for Bitcoin to go down in the short term, but I am pretty bullish, and 39 is expected this summer. 95% of my trades are done on altcoins, and Bitcoin has been going sideways for almost a month. The volatility is low, and where there is no volatility, there is no opportunity. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
146
GOLD → Support shake-up followed by resistance retest OANDA:XAUUSD is forming a shake-out of consolidation support. Thus, after the retest of the previously broken boundary (as I talked about yesterday) there is a consolidation and resistance retest that could lead to a breakout and rise to 2000. Gold is testing the support area, forming a liquidity grab and thereby increasing the potential for the upside to continue. Earlier, the price confirmed the break of the bearish trend. Yesterday's retest of the previously broken boundary is another confirmation of the fact that at the moment the bullish trend prevails in the market and in our case we should look for either strong support to buy or resistance to trade with the "breakout" strategy. Against the backdrop of correction and falling dollar, gold is feeling good confidence. A breakout of the 1962 consolidation resistance will give a new breath to the market. The moving averages are acting as support. Resistance levels: 1962 Support levels: 1959, 1954 I expect a break of resistance either now or after another retest with subsequent growth. Medium-term outlook 1970, 1981, 2000. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
NZDCHF → Activity of dynamic sellers forms a triangle FX:NZDCHF is forming a multi-month descending triangle. Globally, the currency pair is under downtrend pressure. What's going on? Buyers are forming the limit zone at 0.5444, sellers continue to press this area since the end of April, thus a descending triangle is formed on the chart, which speaks for itself. False breakdown of the support does not give the result and we see an attempt of another retest of the support level. Formation of the subsequent test or pre-breakdown consolidation will form the momentum that can break the mentioned support and form a bearish impulse towards 0.5350. But, if the buyers hold the zone, the price will head upwards. A breakout and consolidation of the price above 0.5496 will be a buy signal. Support levels: 0.5444 Resistance levels: 0.5496 I expect the support breakout based on the technical feature of the currency pair at the moment. Medium-term target is the support at 0.5350. Regards R. Linda!
Short
by RLinda
16
GALAUSDT - The price is coming out of the old rangeBINANCE:GALAUSDT goes beyond the resistance of the global descending channel that has been forming for a year. Now the price is forming a wedge. What to expect next? A break of the channel resistance forms a new channel, but at the same time the price is squeezed by the current range boundaries in the wedge format. In the near future, we should expect a retest of resistance followed by a breakout. The altcoin market is starting to revive and a GALA breakout of this area may give us a good potential. There may not be a strong reaction at the moment, as bitcoin is in the correction phase, but the prerequisites are clear on the chart. Support levels: previously broken boundary, 0.02310, 0.1783. Resistance levels: 0.02694 I expect consolidation followed by a breakout of 0.02694 and then a retest of the wedge resistance. The extreme movement may give a signal. Regards R. Linda!
Long
by RLinda
16
GOLD → The calm before the next surge. OANDA:XAUUSD since the opening of the session is forming a correction that may lead the price to the previously broken channel boundary, but on the high timeframe the instrument shows the prerequisites for bullish dynamics While the dollar index is strongly losing its positions the market feels it. Gold after consolidation at resistance is forming a correction to increase liquidity. A false break of the channel support may form an impulse to the resistance of 1960 - 1963 Gold is smoothly changing the trend and a break of the bullish channel resistance confirms the market's intentions. For us an important area for opening a long position will be the break of resistance 1960-1963. In this case the market will get the potential for another bullish rally. Earlier a breakout of MA-50 was formed and now the price is retesting it, a rebound to 1953 is possible before further growth. Support levels: 1953, 1950, 1946 Resistance levels: 1959.8, 1963 I expect that consolidation or correction will continue for some time, but as soon as the price starts to retest or enters the phase of pre-breakout consolidation, we should wait for a breakout of the resistance area with further growth to 1970. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
38
XRP - Another 83% - 350% pump is very likely! (must see) Another 83% pump to 1.3244 from the current price in the next few days or weeks is more than likely! Why 1.3244? It is the next strong resistance because we have there the 0.618 Fibonacci retracement from the previous major wave. Also, there is a trendline from 2018 -> 2021, which is dynamic resistance, but it's near the specified FIB level! XRP looks very strong because bulls were able to break a falling wedge pattern and an ascending triangle pattern on the weekly chart! Together with the recent bullish news, the XRP coin surged after a judge delivered a huge win to Ripple in the SEC case. If the bulls are able to break the 1.3244 level, then the next resistance I see is the previous all-time high from 2018, which is at 3.2834. But make sure to sell your XRP here, because it's probably not going to break on the first touch. And a 50% or 70% crash from this level is very possible! The market cap of XRP is $38,028,893,068 compared to ETH $232,527,075,117 and BTC $589,643,779,223. The market cap of XRP is pretty big already, so there is not too much room for some crazy 100x profit. Make sure you understand it if you are a hodler and expecting moon gains. 350% to reach the previous all-time high is definitely possible in the medium term. What do you think about XRP? Let me know in the comment section right now! 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. XRP pumped from 0.49 to 0.92 and made a 100% profit in a single day. It was rejected by the 0.618 LOG FIB and the middle of the previous triangle from 2021. Now the price is around 0.72, which is a pretty good pullback to buy XRP. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
62
🥇GOLD - Stopping can lead to corrections and declinesGold stops after an active rally. The price is testing 1963 and forming a double top. Consolidation after resistance breakout may lead to correction. TA on the high timeframe: 1) Gold is still unable to pass through the resistance of 1963, a bearish candle and a stop is formed on D1. The candle closes below the opening of the previous candle. 2) Price stops after the rally. The next phase begins and the price may form a correction TA on the low timeframe: 1) gold is up between 1963 and 1953. The range formed is holding back the price. 2) The potential accumulated earlier can push the price up even further, but it should be realized that gold will not grow continuously. A pullback and trapping a certain part of traders is needed 3) The priority is to expect a pullback before further strengthening Key support📉: 1953, 1949, 1938 Key resistance📈: 1963
OANDA:XAUUSDShort
by Gold-Tech
9
GOLD → Active strengthening, retest of a previously broken lineOANDA:XAUUSD has been strengthening during the last two weeks. The signal for this was a false break of support 1907, formed back in March 2022. The price is approaching strong resistance and its growth is starting to slow down. What's next? Gold is strengthening towards the 1963-1965 area, with a key resistance line close by, which is the previously broken trend support. On Friday, gold draws a false break of one of the local resistances and forms a bearish candle. The session in the first half of the week could be bearish, but for now there are signs that the upside will continue. Although the Fed is still aggressive, but their policy is not considered as tough as before among traders, speculators and investors. The dollar has weakened quite a bit and continues to fall. The index has broken through a key support area and has entered a range within which it could fall to 95 and even 90, which would be a strong enough momentum for gold to strengthen further to 2000, 2050 and even 2100. There are several important news releases this week and it is worth paying attention to expectations and the general fundamental background before they are released, as harsh statements can have a strong impact on the price. From a technical analysis point of view, a strong resistance may be followed by a technical pullback before a further rise. Globally, the situation is neutral and looks even more bearish than bullish, but against the backdrop of the dollar may draw some conclusions. Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
BTCUSD → Pre-break consolidation and flat at resistance BITSTAMP:BTCUSD continues to forge an uptrend and also gives us preconditions that the growth will continue. The price is forming consolidation before the breakout and is confidently forming another bullish wave On the chart we see an ascending triangle, the key resistance area that holds the price is the area of 31500. The price continues to ford retests against resistance and forms a pre-breakout consolidation. Within the flat 31500 - 29700, a retest of 0.382 fibo and a false breakdown may be formed, which will increase liquidity for the continuation of growth. Another rally has moved into the consolidation phase and we have to wait for the preconditions that the price will be ready to come out of this consolidation again. Locally there are no key patterns, we should pay attention to narrow consolidations near resistance or a breakout followed by price consolidation above or below the level. Moving averages in the role of support indicate a strong trend Resistance levels: 31500 Support levels: 30000, 29700 I expect the consolidation to continue with the subsequent price squeezing to the resistance. A sharp retest will lead to the fact that the resistance may be broken. Medium-term outlook 32196-34000. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
32
DOGEUSDT → Consolidation moves into the distribution phase BINANCE:DOGEUSDT is forming a consolidation in the format of a wedge. Within the consolidation, the price makes a false breakdown of support and thus feels the bottom of the market. The price is forming a rather long descending wedge. The pattern is a bullish possibility to turn the market. After a false breakdown of the support, consolidation is formed above 0.0705, which successfully breaks the resistance of the wedge. The phase of consolidation on the market is smoothly passing into the phase of distribution (realization of accumulated potential) The main task of the bulls is to hold the support area at 0.0705 by all means. If the position is successful, the price will go up. The medium-term potential in our case is the resistance at 0.09460. Support levels: 0.0705, 0.0639 Resistance levels: MA200, 0.0817, 0.0946 I expect consolidation above this support with the subsequent formation of a medium-term impulse towards our targets. Regards R. Linda!
Long
by RLinda
31
🥇GOLD - The double top may start a correction Gold breaks the global bearish trend and forms momentum, but price fails to reach key zones and starts to form a reversal set-up. TA on the high timeframe: 1) The key liquidity area that is of interest to many is in the 1970-1980 area 2) A correction is being formed and most likely the growth to liquidity will continue after it TA on the low timeframe: 1) A double top is forming, a break of 1955 support will form an impulse to 0.236 or 0.382 fibo 2) The trend is upward, this pattern does not give hope for a trend change. 3) The decline will allow us to find more convenient support levels to buy at a favorable price. Key support📉: 1955 Key resistance📈: 1963
OANDA:XAUUSDShort
by Gold-Tech
18