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A-flat

GOLD → Mid-term perspective OANDA:XAUUSD breaks the uptrend. A break of the support of the bullish price channel ends the impulse to 1893 and forms a smooth transition to the state of consolidation in the flat boundaries On Friday, the price makes a retest of the previously broken support level of 1935. Tandem of technical and candlestick analysis does not give the preconditions for a possible breakout of the resistance in the near future. In the first half of the week the price might again test the 1935-1939 area and make a false-break. The situation looks bearish at the moment, so my main priority is the downside of the price to 1907 with a new attempt to break-through this support. The moving averages are also pointing at the formation of a global flat. 1954-1870. The strong pressure from the sellers is likely to be still present in the market. The medium-term outlook points to a possible further decline. To make a bet on further growth from the technical analysis point of view, the price should break through the resistance area of 1935-1935, and then the momentum to 1960-1981 will be formed. There are some interesting news in the week ahead. The inflation in the west is still high and in that case the gold has negative fundamentals as the Fed continues to aggressively look at the rates. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
19
BTCUSD → FB before the breakout, waiting for the retest BITSTAMP:BTCUSD is testing strong resistance at 30575, but a false-break of the level tells us that the price is not ready to grow (at the moment). It might form a pullback or flat pattern below the level before rebounding further Globally, we have a bullish trend, the price is getting stronger. The rally is followed by a consolidation and a pullback, after which the cycle repeats again. The price is gradually renewing its highs. Fundamentals are getting stronger amid a surge of activity and some positive investor interest news. The moving averages on the D1 show us a bullish trend, the same is true for the weekly chart. The price forms a range after breaking through 25000. The range boundary is 30285 - 25000. I would not expect in the medium term a decline to 25000, most likely the price may form a consolidation between 30000-28500, after which the price will continue to form resistance retests for a breakout. Support levels: 29800, 28500 Resistance levels: 30575 I expect a consolidation or a technical pullback after a rally. Bitcoin is not highly susceptible to technical analysis, but it is excellent on fundamentals. Fundamental background is more inclined to a positive trend. In the medium term, I expect growth after the breakout of 30575. Sincerely R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
6
🥇GOLD - The flat continues. Price strengthens to resistance Gold is testing sideways range support and forming a rebound. The nearest level breaks and the price forms a momentum. TA on the high timeframe: 1) the bearish price channel is still relevant. Consolidation is forming after a false breakdown of resistance 2) The price is in a sideways range. On Friday, gold is likely to continue trading inside the TA on the low timeframe: 1) A touch of range support forms a rebound. The price is not ready to leave the flat yet 2) Market sentiment is bearish and there is no bullish news at the moment 3) The price may grow up to 1922 within the range Key support📉: 1910. Key resistance📈: 1922
OANDA:XAUUSD
by Gold-Tech
13
💱EURCHF - A triangle is formed. We wait for a bounceEURCHF continues to decline and forms a pattern. a break in the support of which will form the continuation of the trend. TA on a high timeframe: 1) A flat is forming. But, the price does not reach the resistance and continues to fall to the support. 2) The retest at 0.97505 might form a breakthrough, which will send the price to 0.97200. TA on the low timeframe: 1) Within the triangle, the price drops to 0.97375. A retest of the figure support and subsequent pullback is possible. At the moment the price continues to form a pattern 2) Within the figure we may buy from support and sell from resistance. 3) I expect strengthening of the price from the support area till the retest, then from the upper border we will consider short set-ups Key support📉: 0.97357 Key resistance📈: 0.97660
Long
by Gold-Tech
6
GOLD → The market is buyback the fall, but for how long? OANDA:XAUUSD makes a retest of local support at 1902, but amid a weaker dollar, the market buys out the drop. The price returns to the range. Global and local trend coincide and have a common downward direction. The price rebounds from 1902 on the background of the dollar weakening from the news on Thursday. It is too early to speak about the global change, because the Fed is still preparing to keep the rates at the same level or even to raise the rates, in which case the dollar will continue its strengthening because of the high inflation. The price comes back to the range and most likely it might strengthen to 1920. But in the medium term I see a continuation of the fall towards 1902 or 1893. Resistance levels: 1920, 1933 Support levels: 1912, 1902, 1893 The market is bearish and most likely, from one of the key resistance levels, the continuation of falling is expected on the background of negative fundamentals for gold. Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
23
EURUSD → Fundamental and TA diverge. What's next? FX:EURUSD has been declining all week. The correction continues to the lower boundary of the uptrend, and after a false breakdown of support the market responds with a bullish reaction. The daily timeframe is turning a triple top, but everything is ambiguous. Price is in a global fleet. Within a local uptrend, a false break of channel support increases liquidity and the market builds bullish volumes, against the news this reaction may be temporary. If the wedge resistance is broken, a consolidation above the line can be formed, followed by an impulse towards the key resistance. The Fed is not going to give up and is increasingly saying that rates will either be kept or increased in the medium term, in which case the currency pair may show us a bearish mood. Support levels: 1.08485 Resistance levels: the upper boundary of the wedge, 1.0945, 1.1000 I expect an attempt to break through the resistance of the wedge. If it succeeds, the price may head towards 1.0945 within the channel. But if the consolidation in the wedge continues, there will be a chance to break through the trend support. Regards R. Linda!
by RLinda
10
GOLD → FOMC meeting forms a bearish candleOANDA:XAUUSD is testing 1933 and after the third retest it forms a false-break. A Triple Top pattern (local value) appears on the chart. The price decreases to the support and forms a local consolidation. The retest of the 1912 area indicates to us that the market is preparing for a decline. A pullback to 1920 might be the key maneuver. If the price rebounds to 1912 and continues consolidating near the support, it is a good hint that the market is about to break the support and test the new low. But again, as long as the price is in the 1912-1938 range, it might continue rising above the 1920 level. Consolidation could last for quite a long time. Since at yesterday's FOMC meeting the majority supported holding the previous level or a rate hike, it is a priority to consider selling. A bearish candlestick is forming on the daily chart after the retest of the resistance area. If the sellers are ready with volumes, the price can quickly test the global low in the medium term. Resistance levels: 1920, 1930, 1933 Support levels: 1914, 1912, 1909. The price is squeezed in the 1920-1912 consolidation, the next retest of support may result in a breakout. Regards to R.Linda!
OANDA:XAUUSDShort
by RLinda
22
NZDUSD → Retest of the key resistance area. DowntrendFX:NZDUSD bounces from the local support area and forms a retest of the strong resistance area. What to expect from the price in the nearest future? The US is having a day off today, but at the same time the PMI is coming out and it looks like the data might be bearish for the currencies, so if this is confirmed, the currency pair might show some bullish volumes. The price is about to retest the resistance area and a break-down of the resistance will form a strong momentum towards 0.63054. BUT! We have a bullish trend, rally to the resistance, which can be stopped by the upper border of the range. As a priority, I expect price decline within the price channel, but if resistance is broken, it will be necessary to rebuild the strategy. Support levels: 0.6116, 0.60692 Resistance levels: 0.61911, channel resistance, 0.62359 . As a priority I expect a false breakdown of the channel resistance, followed by downward price movement towards support. But if the fundamental background changes, the price is likely to break resistance. Regards R.Linda!
by RLinda
16
🥇GOLD - Inside the range price breaks support Gold is testing the resistance area of the global trend and breaking the local support. A rebound from 0.382 could reach the retest area and then the downside phase could activate. TA on high timeframe: 1) Price is testing the liquidity area of the global downtrend channel 2) The liquidity zone 1939-1935 is not reached, most likely a market maker trap may follow TA on the low timeframe: 1) A breakout of uptrend channel support forms 2) The price tests 0.382 Fibo and starts to form a pullback. There is a chance of the retest of the channel support or the level of 1932. 3) The price may also strengthen to 0.618 Fibo before declining further 4) The global TA says about the priority of further falling. 5) I think the local correction will end soon 6) The price may stay in the 1932-1910 range all week Key resistance📈: 1932, 1939. Key support📉: 1921, 1910
OANDA:XAUUSDShort
by Gold-Tech
14
GOLD → Is further decline possible? What is going on?OANDA:XAUUSD is in a correction phase. The global trend on the chart is bearish. There are several preconditions for a possible further fall. What is going on and what to expect from the price? We see a breakout of the global price channel and the formation of an upward correction. I drew a local support line to make the situation clear. Price breaks support after a strong resistance area appears on the chart. The bears increase volumes and start to pressure the market. On the daily timeframe we see an attempt to break the uptrend. The price forms a correction to the resistance area. The correction may confirm the market's intentions, after which the price will start to fall, but for that we need confirmations. That might be a breakout of supports 1920 and 1912, in which case the price will head towards 1893, which will be a retest of support - a signal for a further breakout. Support levels: 1920, 1912 Resistance levels: 1926, previously broken support, 1933 I expect a retest of 1920 with a possible breakout as the bears increase their activity. A retest of 1912 will form a breakout attempt, which could also be successful. I wait for the decrease. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
EURGBP → The market is getting ready to continue falling FX:EURGBP is forming a counter-trend correction to increase liquidity and accumulate potential for a possible further decline. The trend is bearish and now there are signals that could continue the trend Note the local uptrend channel. This is most likely a correction on the background of a bearish trend. Price can't go down all the time, so the market needs to make these maneuvers. The price broke through the support of the correction, we expect the price consolidation. At the moment, the support of the ascending channel and the level of 0.85412 plays a key role. Consolidation below these areas will form entry points for possible sales. The moving averages have moved towards resistance. Impulse is forming. Support levels: 0.85412 Resistance levels: the earlier broken through channel boundary, MA50, 0.86000, MA200 I expect continuation of falling after the price consolidation under the specified levels. Most likely, the trend will continue. Regards, R.Linda!
Short
by RLinda
15
GOLD → The limit level of 1920 pushes the price up OANDA:XAUUSD strengthens to 1931 and reaches its local target. The resulting pullback forms a strong limit area formed by buyers 1920. What could this lead to? Locally, I expect the price to rise to the local targets and liquidity zones, as the price cannot fall all the time. Such zones are: 1933, 1935, 1939 The daily technical analysis points us to a break of the uptrend and the formation of a correction. The trend correction can confirm the break and after the retest of one of the key resistance levels, which is 1935-1939, the market can activate the volume bears and the price will continue the implementation of the trend breakout. At the moment we are interested in the resistance area of the range. The price may reach it in the near future and then we will follow the price reaction to this area. Here is a likely scenario: Support levels: 1920, 1912 Resistance levels: 1933, 1935, 1939 I am expecting growth this week, but in the long term I will consider a fall, as TA on D1 is pointing this way Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
31
C98USDT → Realization of accumulated potential BINANCE:C98USDT enters the phase of realization of the accumulated potential. A prolonged trend may change its direction, but in order to do that the bulls will have to take the priority in their hands. Global and local wedge are marked on the chart. The resistance boundaries of the figures coincide and the price breaks the area, consolidation is formed in the green zone and C98 starts to form a bullish momentum. For the buyers, the resistance at 0.1751 is important at the moment. If the price breaks through and fixes above this area, the cryptocurrency pair can form a bullish momentum. Resistance at 0.3258 will be the priority target in this case. Lately bitcoin is strengthening and forming consolidation of 30000-31000. A breakout of resistance will also give momentum to altcoins. Support levels: MA-50, 0.1540, 1.1209 Resistance levels: 0.1751 I expect the retest to 0.1751, which might end up with a breakout of resistance and in this case the price will continue growing. I am interested in the target of 0.3258 and 0.5750. Regards R.Linda!
Long
by RLinda
20
Bitcoin - Huge crash soon! Retest is required (wedge) The price of Bitcoin recently pumped from the falling wedge pattern with a very strong impulse wave. But the problem is that because of that, we have an unfilled FV GAP on a previous breakout point, and the price tends to go back and retest it. Usually, when patterns break, the price tends to go back and retest them! In this case, we can completely retest the wedge at the trendline (which will be a deep retracement) or retest the breakout point of the wedge and fill the FB GAP. In the confluence, we have the 0.618 Fibonacci retracement of the impulse wave, giving us a pretty good long trade with a solid risk-to-reward ratio. We are going to go down sooner or later; the probability of it is actually very high. But there is also a chance of going higher to 32399 first to take the liquidity above the previous swing high from 2022 before retesting the wedge! It was a huge pump, and buying or speculating on price increases is very risky. I would not do that at all, so rather prepare your shorts at higher prices or at confirmation of the downtrend! From the Elliott Wave perspective, I can already see a completed impulse wave that screams for a retracement. The trendline of the impulse wave is broken, and we could definitely go down next week! 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
212
💱USDCAD - A reversal pattern and a trend changeUSDCAD breaks the downtrend and forms a reversal pattern. Good potential for strengthening of the currency pair begins to appear TA on high timeframe: 1) On d1 the situation is complicated. Consolidation is formed inside the channel 0.91200 - 0.88595. 2) It is acceptable to buy if the consolidation is above the level of 1.32600 or above the base of the pattern H&S. TA on the low timeframe: 1) A local bottom of 1.31200 is formed, to which price reacts in a "rally" format 2) Resistance is broken and after the channel resistance is retested, the price retests 1.32600. 3) Breakout and consolidation of 1.32600 will form a counter-trend entry point into a long position. In this case there is a chance to strengthen to 1.3383 Key support📉: 1.3206, 1.3177 Key resistance📈: 1.32600
Long
by Gold-Tech
11
GOLD → Breaking the trend on Friday, BUT...OANDA:XAUUSD market is still bearish. Breaking through the resistance of the descending channel may not play a key role. The price is in a global wedge and we see a bounce forming from support. On Friday, we saw a strong rally that many did not expect. The price was bullish on the inflation related news. Looking at the technical picture some things might become clear. Pay attention to the D1 chart below. A global wedge is forming. At the moment the market is still in a consolidation phase in a downtrend format. The retest of the wedge resistance is forming. At the moment, there are no prerequisites for the price to break the resistance of the wedge in the area of 1935-1939. Breaking through this area will form a strong momentum that will start to strengthen the price. At the moment there is a high probability of price fall from resistance. Consolidation may continue. The Fed is not going to cut rates, therefore, the strengthening of the dollar after a small correction may continue, and gold may fall in the medium term. Support levels: 1912 Resistance levels: 1920, 1938 I expect a correction to the support and possible strengthening of the price to the resistance. If the price breaks through 1912, it will head towards the area of 1902. Regards to R.Linda!
OANDA:XAUUSD
by RLinda
32
CVNA - EXPANDED OR RUNNING FLATPreviously, I had put a rather bold prediction calling a shot term top when CVNA first hit the $28.50 price range. Obviously, you cannot make a full prediction on how a correctional will play out, the most common of which are A-B-C setups. This is setup to be an expanded or running type of flat correctional. Based on the key trend-line we have yet to test, my money would be on some form of long-drawn out running flat on the come-down followed by a decent surge once bears fail to take it down below the lower $21 price range.
NYSE:CVNA
by ThePennyMan
XLMUSDT - Breaking through bearish trend resistanceBINANCE:XLMUSDT forms the bottom, relative to which the price develops positive dynamics. After testing 0.0758, a rally is formed and the price makes a retest of the trend resistance. As we can see, a three-day accumulation is formed in relation to the resistance. The market is obviously ready to continue rising, but in order to do that the price needs to overcome the resistance. The resistance at 0.1035 is worth mentioning. The bulls may fight hard for this level and if they manage to hold this area, the coin will show a good result in the middle term, because the level of 0.1035 is the range support, whereas the resistance and the target for the price may be the upper boundary at 0.1305. Support levels: 0.0959 and 0.0987. Resistance levels: upper trendline, 0.1035, 0.1130 I expect a confident bullish position above the level of 0.1035. An indicator for this will be consolidation above the level. Medium-term perspective - growth up to 0.1305. Regards R. Linda!
Long
by RLinda
12
GOLD → The bears are quite strong in the market. Falling furtherOANDA:XAUUSD forms another bearish range of 1912-1985. The price is descending in steps in the channel, which indicates a strong dominance of sellers in the market. What do you want to see next? After the false breakdown of the support 1895, the market tries to buyback the fall and it succeeds. The price makes a retest of the resistance 1912. Another false breakdown is formed, but this time it is resistance. On the schedule is clearly seen a bearish trend, which coincides on H1, D1 and W1. The fundamental background is negative. The Fed is discussing a further rate hike, which may strengthen the dollar and weaken gold. The price is again testing the local support at 1902. If the level is broken through, the price will head towards 1895 and then maybe towards 1890. Resistance levels: 1910, 1912 and 1924. Support levels: 1902, 1895 I expect the price will continue falling down against the bearish trend after breaking through 1902 or 1895. Resistance levels are strong enough and will not let the price through. Regards to R.Linda!
OANDA:XAUUSDShort
by RLinda
27
USDCAD → Realization of a symmetric triangle on W1FX:USDCAD on W1 demonstrates exiting a symmetrical triangle downwards. A correction or rebound from downtrend support is forming. What to expect from the price in the near term? The price forms a bearish price channel and after another retest of the trend support the currency pair forms a rebound to the resistance area 1.32697-1.33171. There is a high probability that the price will not break this area and after consolidation and a break of the limit support level 1.32400 will continue its fall to 1.31214. The market is controlled by the bears, the medium-term potential is 1.28000 The 200-hour moving average acts as resistance and supports the upper boundary of the channel; the 50-hour is support, but probably not for long. Resistance levels: 1.32697, 1.33171, MA-200 Support levels: 1.32400, MA-50 I expect the fall from the resistance area will continue. Realization of the global pattern, which is able to send the price to 1.28000, is forming. Regards R.Linda!
Short
by RLinda
17
GOLD - Negative fundamentals are bad for the price OANDA:XAUUSD forms a new local low and then makes a retest. The bearish scenario continues, which tells us that gold will continue to red, unless, of course, the fundamental backdrop takes the opposite direction. The phase of realization of the accumulated potential is forming. When the support of the 1939 range is broken, there is a new downtrend in a channel format. On the chart we see the downtrend range, the price clearly observes the limits and on Wednesday it forms a new local low of 1902. On Thursday we see the return of the price to the retest of the support. Hence, there is a possibility of a breakout of 1902 and further declines. Either the bears are strong or the fundamental background is influencing the bulls. The moving averages are showing a strong downtrend. Support levels: 1902, 1895 Resistance levels: 1912, channel resistance, 1928, SMA200 Since the chart gives us plenty of bearish suggestion, I will continue to hold the view that price will continue to fall. Pay attention to D1, price is only in the middle of the range, the target could be support 1800 Regards, R. Linda!
OANDA:XAUUSDShort
by RLinda
28
GOLD → Price is testing 1912 support for a breakout OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area. Price starts to consolidate below the local bearish resistance and near the level of 1912.5. Based on the technical analysis we see a very high probability to break through the support (a deep false breakout is possible). But we consider support at 1895 as a medium-term target. But again, if today's news affect the gold prices and if the resistance is broken through, we might see an increase to the upper boundary of the range. The moving averages are pointing to a global stop and an attempt to change the bullish trend. Support levels: 1912.5, 1895.5 Resistance levels: 1917, 1920. The retest gives a strong signal. For this reason, on the background of the falling market, I expect a breakout of the key support with a further decline to 1895. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
26
ETHUSD → implementation of distribution. Target 2300BITSTAMP:ETHUSD has been showing a swell in the last few days. The price is out of the key range. The bullish set-up is working 100% and price is breaking resistance. What to expect from ethereum next? For a long time, the coin formed a wedge pattern, which ended with the price forming a rally after a false break of global trend support and the SMA-200 and breaking not only the wedge resistance, but the trend line and the 1846.5 level. A consolidation above this support area will consolidate the bulls' position and continue to shape the move. Within the price channel, we have an implied target - the resistance area of 2300. Most likely, in the medium term, we should expect growth towards this mark. Support levels: rising support line, previously broken wedge boundary, 1846.5 level Resistance levels: 1920, 2021 Consolidation lasted about 45 days, the distributive phase after consolidation may last for 15 days. I expect that in the mid-term we might see a breakthrough of the local resistances and strengthening of the price to 2300 Regards to R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
16