19/06/22 Gold 4h AnalysisGold has been in consolidation since 24th of May from it's last Peak Formation Low, indicating a market reset and the Market Makers are more Bearish than Bullish and that trend instead of continuing Bullish will be initiating another Bearish run, but this pair is pretty neutral so far, so we will be waiting next week to see what's popping but from my general analysis I suspect Gold to go Bearish this upcoming week, for Gold has made pins to the Mayo (200ema) and just after that on the 4h it made a Lower High of which is a Bearish movement.
If price breaks the 1850.000 zone and breaks the 200ema we can suspect it isn't a market reset and price will continue Bullish as Market Movement should, and if Market price breaks through the 1830.000 zone we will continue Bearish to the 1800.000 zone and create a new Peak Formation Low from there.
Consolidate
ADAUSD Fights to ConsolidateADA is having mixed emotions right now. It had a fall to the 200MA, which held it for a couple hours, then passed through. Now, with the help of the support around 2.5 and a bullish hammer, it is retesting the 200MA. If it can stay above 2.45 there is a large chance it can consolidate further. If it falls in the red range, the price is likely bound for the next support of 2.2. However, right now it looks happy sitting at around the 2.5 support level and testing the 200MA. The test of the 200MA, in general, is bullish. It tells us sentiment is changing and buyers are entering the market again. If it can consolidate in the consolidation zone for a few days, it will likely be ready to push upwards. However, the gap in volume must be filled prior or else any attempt to push will be rejected and a support level will be tested.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
ASX:SUV - Primed for jumpI am yet to own any stocks in this company. I stumbled across it by chance and thought I would share what I found.
What we are looking at here is a solid uptrend, which then turned into a consolidation period.
After which, it tested its (0.210) resistance line twice. Before dropping back down to test its (0.125) support line again.
I am thinking this could be a good opportunity to buy in around (0.125) and sell at next peak (0.210).
If price falls a fair amount below (0.125) I wont be interested in the trade.
As always DYOR.
I hope this helps someone :)
A consolidation pattern on the DowWith Trump set to give a speech today (Wednesday) I have marked this as a neutral trade, because I think that the contents of his speech will be the likely cause of a breakout in either direction.
A live video feed of the speech and a quick finger are probably the safest way to make a trade here, or you could take a position either way with a stop placed just outside of the wider pattern.