GOLD analysis 1H - Nov 04 2024Gold is consolidating in a descending triangle pattern at the moment.We shall see a breakout within the next several hours.
Strong 1H close above the blue trendline shall lead Gold to higher levels whereas strong 1H close below the 2,731.70 level shall take it towards 2,700 zone.
Trader shall wait until the breakout occurs before opening any position.
Algobot
TOTAL2 Update - Oct 27 2024Following previous analysis, TOTAL2 dumped and moved towards the lower trendline.
Although the trendline got broken, 12H candles closed on the trendline so the mentioned trendline is still valid but 4H analysis suggests that TOTAL2 is probably gonna cross below it.
TOTAL2 is facing the combined resistance of blue descending trendline and 0.618 Fib ret. of the previous drop, so it's possible to see another dump in the market over the next couple of days.
USDT.D 1H update - Oct 17 2024So far so good! #USDT dominance has managed to hold above 5.21% level and has crossed above its descending trendline according to yesterday's analysis.
it seems USDT.D is heading for 5.46% as the first target so it's safe to assume that BTC and other coins will probably dump some more.
US OIL update - Oct 08 2024US oil has followed previous analysis very well and due to current geopolitical tensions in the middle-east, the second target (78.3) was hit quickly.
After precisely hitting TP2, US oil price has had a sharp drop towards the support zone of 72.0. If the chart forms a base in this area, it's expected to see the continuation of the rise towards 82.0 level which is considered the main scenario. #USOIL
USDT.D Update - Oct 07 2024#USDT dominance got close to 5.99% level and had a slight drop to its current zone of 5.47% - 5.63% and initial signs for another rise are visible. If USDT.D manages to cross above the blue trendline and 5.63% level, it will continue to higher levels. The strength of the next move is crucial to the overall market's condition.
US Oil Update - Oct 02 2024Looking at US oil chart, it seems the chart is creating a bullish structure at the moment.
Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3.
The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense!
A strong push through the 78.3 level can potentially lead to the higher target of 82.
#USOIL
USDT.D Update - Oct 02 2024USDT dominance has followed previous analysis beautifully. The reaction to 5.3% zone was strong indeed and as a result the whole market dumped heavily.
The next important area ahead of USDT.D is 5.99% - 6.04% zone where a reaction can be expected but judging by the strength of the recent move, it's high possibility that USDT.D will push through the mentioned zone and will reach higher levels. So Sell strategy is advised for now.
BTC update - Sep 27 2024As analyzed and predicted, #BTC precisely followed previous analysis and pushed through the resistance area of 64,600 - 65,700 zone. As a result Altcoins followed BTC's move and continued their pumps.
BTC's movements need to be watched over carefully now as 69,000 - 71,100 zone is indeed the danger zone as several different resistances are present in that area and BTC needs just +5% more rise to reach there.
it's high possibility that BTC shows a "strong" negative reaction by touching the mentioned zone.
GOLD (XAU) analysis - Sep 26 2024Gold has been in an uptrend since early 2024 due to fundamental and Geopolitical factors.
Analysis on Gold suggests that just in 2700$ area, it might form a major mid-term top and start a correction towards lower levels as divergence in both higher timeframes and the lower ones can be seen.
Once the top is formed and confirmed, Gold shall spend some weeks in correction phase. if we see strong push through 2700$, the next important area might be 2835$ zone. #GOLD #XAU
BTC update - Sep 25 2024As stated before the 64,600 - 65,700 zone has been the important resistance zone and #BTC has been forming trading range below this zone for nearly a week now.
looking at the chart, it's clear that BTC has been rising in an ascending channel and now it's getting close to the lower boundary of the channel and a positive reaction can be expected specially given the fact that the current trading range is seemingly a running correction. The positive reaction can push BTC through the resistance zone.
62,300 level is very crucial in this analysis because if BTC drops below this level, we'll see sell pressure in the market.
DYDX analysis 1D - Sep 24 2024#DYDX has just broken the mid-term trendline that started in March 2024 and is most probably heading for the higher targets of 1.2 - 1.46 - 1.77 - 2.15.
The setup is ideal for a Spot position and as long as there's no daily close below 0.89 level, this analysis is valid.
TON 4H possible Short setup - Sep 24 2024#TON has seemingly formed a symmetrical triangle and it seems it's going to make a breakout from below.
The trigger for the Short entry would be a 4H close below the 5.44 level and the targets would be: 5.28 - 5.11 - 4.94 - 4.77
Stoploss would be 5.56. Max lev allowed 3X
TOTAL3 8H update - Sep 23 2024Following previous analysis, #TOTAL3 rose towards the resistance zone and after touching the 580B level, it started to drop but FED's decision to cut the rates by 0.5% prevented further drop and market pumped as analyzed before FED's meeting.
TOTAL3 is now in the vicinity of the mid-term trendline and we can expect some drop during this week. What comes next with TOTAL3 is most probably a rise towards 650B level and then 700B zone.
This means many coins are going to touch higher levels soon.
As long as the drawn blue trendline isn't broken, this analysis is valid.
USDT Dominance Update - Sep 21 2024#USDT dominance is most probably heading for the lower level of 5.3% which means BTC and the rest of the market can possibly rise to higher levels. But 5.3% area is a very critical zone and if it's going to be broken, it won't get broken without an initial reaction. So we can expect to see some rise from the mentioned level which means Long positions must be closed once USDT reaches the zone.
BTC update - Sep 20 2024Following FED's announcement and the 0.5% rate cut, market's reaction was positive and many coins experienced pumps as was expected. #BTC was no exception as well and the announcement helped BTC push through the 60,000 - 61,000 resistance zone.
Most important level ahead is probably 65,700 as daily close above the mentioned level can take BTC to 71,000 area.
BTC Update - Sep 15 2024#BTC is currently in an important resistance area of 60,000 - 61,000 .
Some bearish signs are visible on the chart, as soon as the blue trendline gets broken, market will most probably face intense sell pressure and BTC will probably head for 55,000 zone and then 52,000. Sell strategy is advised!
NDQ (US 100 Index) 1W analysis - Sep 12 2024Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high!
In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term)
While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the huge drop and will lead to a huge sell pressure in the market.
The reason for this possible crash is probably weak data related to the labor market. Having a Buy position in US stock market is indeed risky these days as the index can even touch Oct 22 low and probably even lower levels if the drop is confirmed!! #NDQ #US100
BTC Dominance Analysis (1M) - Sep 10 2024BTC dominance chart in Monthly timeframe suggests that it's possibly moving towards higher zones most importantly 65% - 67% zone!
if the Sep and Oct monthly candles close above the trendline and 59% level, it's highly possible that 65% - 67% zone is the next target area which will probably be touched in Q2 or Q3 2025.
This possible rise in BTC dominance means that if BTC is going to dump to lower levels, Altcoins will be strongly affected and will drop much more. For an Altseason, BTC.D must begin a big downward movement and a condition for this drop is a prominent divergence in 2W or 1M timeframes: it's unfortunately can't be found on the chart at the moment!