Hi guys! 👋🏻 🔔 Breakout from the ending diagonal (wedge) is confirmed, AUD/USD remains above the resisance of 0.76670, which is a bullish continuation sign for the pair. Although might slightly correct to retest the upper edge of the pattern as support, so keep that in mind. 🔔 The US Annual inflation rate in March exposed 2.6% which is far beyond the FED’s...
Hi guys! 👋🏻 🔔 Inverted head and shoulders spotted on GBP/USD. The first resistance would be a neckline at $1.38600. 🔔 The second resistance is based on the confirmation of the Double bottom at $1.39880, and the final is the target of the double bottom pattern and February 25th high at $1.41740 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻...
Hi guys! 👋🏻 🔔 Bullish flag is being formed on BTC/USD 🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around $59K. 🔔 The retest of $59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of...
Hi guys! 👋🏻 🔔 Euro is following an ending diagonal pattern on an hourly chart 🔔 Both MACD and RSI indicators are signalling the short-term bullish continuation of the pair. Whilst the chart pattern analysis suggests that Euro is about to hike towards $1.1990 and $1.21300, closing above the $1.1800 is extremely important, otherwise it would be a retest of the...
Hi guys! 👋🏻 🔔 Quick one, based solely on levels, indicators and patterns. 🔔 I believe, Cardano after the retest of this dynamic support, will continue upwards to $1.337 and $1.459 🔔 See the daily chart below to trace dynamic supports and resistances. 🔔 Alternative scenario if Cardano today drops (unlikely) below the dynamic resistance it will confirm the...
Hi guys! 👋🏻 🔔 Bitcoin’s hashrate, and it just hit a record high with more than 166.4M TH per second. 🔔 The hashrate and the price are strongly correlated, as miners expect a higher reward for the higher computational capacity provided by them. 🔔 The previous ATH of Bitcoin’s hasrate was on February 9, 2021 when BTC/USD hit $48 142 setting a new high, and...
Hi guys! 👋🏻 🔔 NEO USD made a breakout from the triangle and is following a parallel channel for now. 🔔 Neo will eventually close above the upper threshold of the ascending channel and continue upwards, the impulse is great, MACD looks bullish, great support by EMA50 and the N3 of NEO sounds promising. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit...
Hi guys! 👋🏻 🔔 Silver once again outperformed Gold today by gains, Silver is up just over 1%, while Gold gained only 0.24%. 🔔 According to the CFTC data as of March 9, there is a 20,000 spread between the overall net positions on Silver Futures, with an edge going to short positions. The update of the CFTC data on Silver will be released later tomorrow, worth...
Hi guys! 👋🏻 🔔 US Dollar gains ahead of FOMC meeting, despite negative housing stats and building permits data, +0.50% against the Swiss Franc. 🔔 The year has started unfortunate for the Swiss Franc as the CHF lost 6.33% to GBP, 2.15 to Euro and 5% to Australian Dollar. 🔔 The negative rates kept by the SNB, causing the inflation to remain negative, for the...
Hi guys! 👋🏻 🔔 Weak CPI data weakened the DXY and supported the further growth of Bitcoin against the US Dollar 🔔 he total amount of Bitcoin locked in DeFi according to the data from the analytics website hit new ATH today with 178,603 BTC, and the total value of BTC in DeFi for the first time ever exceeded $10 Billion. 🔔The impulse wave of February 28 continues...
Hi guys! 👋🏻 🔔 The tension around the stimulus bill rises as President Biden decided to imply stricter income limits on the next round of stimulus checks payouts. Under the new amendments, individuals who earn more than $80,000 per year, single parents earning more than $120,000 per year, and couples earning $150,000 will be disqualified from receiving the...
Hi guys! 👋🏻 🔔 Bitcoin set a new All-time-high yesterday hitting $48188, the coin still has plenty of room for growth as the long-awaited $50000 is closer than ever. 🔔 The pair has also formed a symmetrical triangle and a breakout from the triangle will signal the bullish continuation. The coming resistances if the breakout is confirmed are at $48920 and $51050,...