BTC/USDT 4HOUR CHART UPDATE !!The recent 4-hour BTC/USDT chart update shows that Bitcoin attempts to break the downward trendline resistance of around $64,000. However, the projection indicates a downward move, potentially pushing the price toward the support zone near $50,500, which aligns with the lower green trendline. This suggests that Bitcoin may face selling pressure after failing to break this resistance, which could lead to a broader correction. How does the price react to the $63,000-$64,000 range? A successful breakout could invalidate the downward projection, while failure to sustain above $64,000 could accelerate the decline toward the projected lower support levels.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Chartupdate
BluetonaFX - SILVER Ascending Channel 24.000 Target HIT!Hi Traders!
Our Silver ascending channel opportunity (LINK TO ORIGINAL IDEA BELOW) from a few days ago worked to perfection, and the market agreed with our bullish view. The 23.228 was finally broken with momentum, and we had a massive bull rally to our profit target of 24.000 to fulfil our opportunity.
We are now trading just above the 24.000 level. There is another resistance level at 24.521, so if the bullish momentum continues, that will be the next target.
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BluetonaFX - EURUSD 12/06/2023 Key Levels UpdateHi Traders!
PLEASE SEE LINK TO ORIGINAL IDEA BELOW.
Our vector level of 1.08047 is still holding; we reached this level yesterday but failed to break and close above the level.
Traders are still attempting to break and close above this level today, so we will see if it happens this time.
The volume in the markets this morning is very thin, so please take caution as we have the Federal Reserve's interest rate announcement later today.
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BluetonaFX
BluetonaFX - USOIL 08/06/2023 Price Action Analysis Update Hi Traders!
PLEASE SEE LINK TO ORIGINAL IDEA BELOW.
Our USOIL range zone from last week worked to perfection and fulfilled our range idea.
The range zone support level of 66.88 was hit, and the market has bounced off the level exactly.
We now need to wait and see if the range zone will continue. That being said, we strongly recommend traders to take caution with their positions, as we have the Federal Reserve's interest rate announcement and decision tomorrow.
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BluetonaFX
CHZUSDT updatein the $ 0.2042 has a bit stop and little pull-back, and falling again to price 0.19450 and after that to price 0.19850
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