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Consolidation

GBPJPY → The Japanese currency continues to weakenFX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention to the level of 192.78, the price is gradually creeping up to this level and continues to test it, forming a pre-breakout consolidation, technically and fundamentally the market may soon update the maximum and head towards the above target. Support levels: 192.0, 191.33 Resistance levels: 192.78, 193.54, 195.85 The key emphasis is on the nearest resistance at 192.78. I am waiting for a breakout of the level with further consolidation above the zone and growth to the targets Regards R. Linda!
Long
by RLinda
3
HelenP. I Ethereum can break trend line and continue to fallHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price some time ago started to trades in consolidation, where the price in a short time declined to the resistance level, which coincided with the bottom part of the range with the resistance zone. After this movement, ETH some time traded near this level and then started to grow to the top part of the consolidation, and when the price reached it, Ethereum turned around and started to decline. In a short time, the price fell to the 3245 resistance level and soon broke it, thereby exiting from consolidation, but later price tried to rise higher and soon failed. Then ETH declined to the trend line, after which it started to move up and in a short time it rose to the resistance level again, but recently the price turned around and declined back. Just now, ETH continues to trades very close to the trend line and I expect that Ethereum will rebound from the trend line and then start to decline even lower this line, breaking it. That's why I set my target at the 2865 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
GOLD → A retest of bullish trend support. What to expect? FX:XAUUSD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday. There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the 2325-2330 zone and an ascending channel line. From Saturday to Sunday there was the development of another geopolitical problem in the Middle East and it is related to the armed crisis between Iran and Israel, which in general can only affect the appreciation of the metal. Resistance levels: 2365, 2375 Support levels: 2335, 2330, 2325 In general, we should consider a retest of the trend support or 2330 and look at the price reaction to these levels. Most likely, the trend may continue. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
Bitcoin ETF: Sideways Action to Pattern Out Excessive GainsProbably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down. This is the weekly chart where we can see that GBTC is now above its previous all-time highs. It is still affordable and poses less risk than the actual Bitcoin, which is very expensive.
AMEX:GBTC
by MarthaStokesCMT-TechniTrader
BTC | MT Short H4|Consolidation Period Pair: BTCUSDT Timeframe: H4 Direction: Short Technical Confluences for Trade: - Stochastic momentum is close to Overbought Conditions - Price action close to few Horizontal and Resistance Trendlines - Aiming for the 1st 23.6% Fibo Retracement Fundamental Confluences for Trade: - There is a large diversion between the positioning of Long-Term & Short-Term Participants in the futures space. A squeeze may happen. Suggested Trade: Entry @ Area of Interest 70,700 - 71,200 SL @ 72,685 TP 1 @ 68,600 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 65,700 Risk-to-Reward @ Approx. 3.19(Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDShort
by weekendanalyst
HelenP. I Euro can break trend line and rise to resistance levelHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the resistance zone, which coincided with resistance 2, but soon price turned around and in a short time declined to resistance 1, thereby exiting from the 1.0850 - 1.0870 resistance area and starting to trades inside from consolidation. In range, the price at once rebounded from resistance 1 and rose back to the 1.0850 - 1.0870 resistance area, but soon Euro turned around and declined below, making a fake breakout of resistance 2. Price some time traded near this level and later it entered to 1.0850 - 1.0870 resistance area one more time and then it reached the trend line. After this, the Euro rebounded and made a strong impulse down to resistance 1, breaking resistance 2 again and soon price broke resistance 1 too, thereby exiting from consolidation as well. Also then, EUR some time traded in one more resistance area, after which it declined more. For my mind, the Euro will start to move up to the resistance level, thereby breaking the trend line. That's why I set my target at the 1.0725 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
6
GOLD → Fierce bulls continue to hold the price on the newsFX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the market and against this background the dollar is strengthening strongly. Gold shook a bit, but the bulls continue to hold the price above 2328. It is not known how long they will last, as the next batch of important news is ahead. Gold may test the support as part of the correction, but on the background of high interest in gold as a hedge asset amid geopolitical and economic problems, theoretically, gold may continue its growth. Resistance levels: 2345, 2365, 2375 Support levels: 2328, 2303 At the moment the price is in a range. A breakdown of support may weaken the price a bit to 2300, but a breakdown of resistance may push the price up. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
GOLD → The target is the same. Waiting for a breakoutFX:XAUUSD continues to grow. Yesterday there was an emphasis on the liquidity area located near the previously broken channel boundary and the level of 2328. A false breakdown resumed the rise and today the price reached 2354. Since the opening of the session, the price is heading again and testing the new global high formed on Monday. Based on the fundamental reasons and technical component at the moment the growth will continue. It is worth emphasizing on 2354. The break of this level will form the continuation of growth to 2375 and further to 2400. Resistance levels: 2354. Support levels: 2328.4, 2342 Technically, a small correction or a pre-breakout flat may follow from 2354 before the subsequent growth towards 2400. Gold is rising purely as a Haj asset that finds its use in times of crisis. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
AUDUSD → Test resistance for an upward breakout FX:AUDUSD forms a retest of the descending channel resistance, but there is no fall. Against the background of the dollar correction, the currency pair may move into the realization phase after the channel breakout. Moving averages, trend resistance and pre-breakout consolidation, with strong support zones, to which a large buyer does not let the price go. An interesting setup in the current conditions may form an attempt to change the trend. The key area is 0.6585. Consolidation of the price above this boundary may allow to overcome the obstacle and finally let the price strengthen to 0.66676, or to 0.67287. Resistance levels: 0.6585, 0.6620 Support levels: 0.6551, 0.6504 Technically, there is a strong accumulation and prerequisites for a breakout. The resistance breakout will confirm the activation of the realization phase, which will give us a good bullish momentum. Regards R. Linda!
Long
by RLinda
3
HelenP. I After strong impulse up, Ethereum can fall to $3410Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price declined to the resistance level, which coincided with the resistance zone, and soon broke this level. After this, ETH made a retest and in a short time declined to the support level, which coincided with the support zone and even lower, thereby breaking the 3235 level and reaching the trend line. Then price rebounded from this line and made impulse up, breaking the support level one more time, and started to trades in consolidation, where ETH at once made a correction. After correction, the price rose to the 3665 level, but at once rebounded and in a short time declined to the support level, breaking the trend line. Price some time traded near this level and then made a strong impulse up to the resistance zone, breaking the trend line, and resistance level and exiting from consolidation too. But a not long time ago Ethereum turned around and declined below the resistance level with the trend line, where at the moment it continued to trade near. For my mind, ETH will continue to decline, therefore I set my target at the 3410 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
GOLD → Fundamental reasons for growth. Target 2400?FX:XAUUSD has been reaching 2354 since the opening of the session amid strong excitement. The price is leaving the trend boundaries and continues to form new bullish ranges. Strong bullish trend is realized on the background of important geopolitical news, related to the crisis in the Middle East, Eastern Europe, as well as a huge interest in hedge gold. World Central Banks continue to buy gold in record volumes. Technically, gold is forming a small correction after updating the high on the back of bullish momentum from the opening of the session. There is a high probability that the growth will resume from the nearest support area or formal channel boundary. Resistance levels: 2354, 2375 Support levels: 2328.4, 2303.7, channel boundary Technically, the situation is complicated, as it is difficult to identify strong reversal zones, as the price is trading in a rally. In such a situation it is worth paying attention to support levels with the purpose of growth continuation, as well as local resistance areas with the purpose of upward breakout TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! MCX:GOLD1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
HelenP. I Gold can grow a little and then make impulse downHi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and at once rebounded and started to rise, but soon fell back and even lower support zone, reaching the trend line. After this, the price turned around and in a short time broke support 2 and then continued to move up between the trend line. Soon, XAU reached support 1, which coincided with one more support zone, and later broke this level too. After this movement, the price some time traded in consolidation, after which Gold fell to support 1 and then made a strong impulse up to 2265 points, thereby exiting from this pattern and breaking the trend line one more time. Then price continued to rise near the trend line and recently rebounded up from this line. So, at the moment, I expect that Gold will rise a little and then make an impulse down, below the trend line, thereby breaking it again. That's why I set my target at 2250 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
GOLD → Could NFP cause a counter-trend correction?FX:XAUUSD within a strong rally stops and forms a flat before the publication of NFP. Relative to 2288 a false breakout is formed, bringing sellers into the market. The dollar is in a correction phase, as is gold. The price is testing the local low of 2267.67 but still does not reach the strong liquidity zones of 2265, 2228, 2222. There is still a strong buyer in the market, but after the correction and the false breakdown of 2288 a seller appears. NFP is ahead, a rather important news, which can both turn the market and strengthen the current movement. It is worth paying attention to the resistance at 2288 and 2305. There is a chance to see the continuation of counter-trend correction, but before that there is a chance that a big player will drive the price to ATH before further decline to the specified liquidity areas: 2265, 2228 or to the support of the formal channel. Resistance levels: 2288, 2305 Support levels: 2265, 2228, 2222 Technical factors are not enough now to specify the key areas for opening sales or purchases, so it is worth to base on the fundamental reasons and strong resistance and support areas. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
13
HelenP. I Bitcoin can make little move up and then rebound downHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some days ago in a short time rose to the 61600 level, which coincided with the support zone and soon broke this level. After this, the price some time traded near this level and then rebounded up to the resistance level and even entered to resistance zone, after which BTC reached the trend line and turned around. Then, the price declined below the resistance level and started to trades in consolidation, where BTC first fell to the support level. After this movement, the price turned around again and made an impulse up back to the resistance level, breaking the trend line and trying to break the 71400 level, but failed. Price some time traded near the resistance level and later rebounded down to the trend line, after which a not long time ago BTC bounced from this line and started to rise. Just now, I think Bitcoin will rise a little more and then rebound down to the trend line. For this case, I set my target at 62800 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Just A View - JSWSTEEL 📊 Script: JSWSTEEL 📊 Sector: Steel 📊 Industry: Steel - Large Key highlights: 💡⚡ 📈 Script is trading near middle band of BB. 📈 MACD is giving crossover . 📈 Double Moving Averages will give crossover soon. 📈 Right now RSI is around 54. 📈 Stock is trading into narrow range which means consolidation which is highlighted into chart. 📈 Stock is trading between 794 to 845 rang. 📈 One can go for Swing Trade only above 845 level. ⏱️ C.M.P 📑💰- 845 BUY ONLY ABOVE 845 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
NSE:JSWSTEELLong
by radha_23
FILUSDT → Pre-breakdown consolidation. Prepare for growth by 50%BINANCE:FILUSDT is still in the bearish trend phase and is squeezed under the global trend resistance against which a pattern is forming that could turn the market. Lately, the coin has been building volume and increasing liquidity, but it is still trading under the pressure of resistance. A symmetrical triangle is forming relative to this line on H4, a break of which resistance is capable of breaking the global trend. Why can the resistance of this figure be broken? Because a pre-breakout consolidation is formed relative to this boundary and the market starts to go beyond it. Resistance levels: 9.543 Support levels: 8.994 Resistance at 9.543 currently restrains the market from realizing the accumulated potential. But the overall setup hints at the readiness to break this area, which will start forming an upward momentum. Targets in this case could be 11.780 and 14.43 BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
17
GOLD → Buyer imbalance within the range. Liquidation?FX:XAUUSD is testing resistance once again very slowly and gradually, protecting local support zones, below which a huge pool of liquidity is formed. What to expect from the market maker? On the background of growth and retest of the range resistance we see low volumes. The range is narrowing and technically this could indicate a willingness to break resistance. But I stick to the format that the market maker is gathering all buyers to further liquidate. The chart shows localized areas of liquidity and none of them have been tested in the last 2 weeks. The market will never let the crowd make money. A retest of the far resistance is possible before further liquidation of all buyers inside the range. Resistance levels: 2195, 2212, 2222 Support levels: 2186, 2180, 2166, 2150, 2144 Technically, there is a huge imbalance of buyers inside the range, clearly, the market maker has a "liquidate buyers" item set on the checklist. Price is still in the range, and I am still waiting for a retest of the lower liquidity areas, which for many on the current chart may seem unacceptable. Let's see TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
34
BITCOIN - Price can enter to resistance area and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price moved up inside rising channel, where it reached resistance line and then made a correction movement. After this, BTC bounced from support line and made strong upward impulse to $60750 level, exiting from rising channel. Then, price broke $60750 level and started to trades in flat, in which BTC in a short time rose to $71800 level. Also, price entered to resistance area, but soon turned around and declined back to support level, making fake breakout. A not long time ago, BTC bounced from this level and rose to $71800 level again, and now trades close. In my mind, Bitcoin can enter to resistance area one more time and then start to decline to $64500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
🇬🇧 GBPUSD 🇺🇸 - Sellers' liquidation before further decline GBPUSD is preparing to test the support. The price has been forming consolidation since the opening of the session. Most likely, local resistance may be tested with the aim of liquidating sellers with further decline to the potential target of 1.28. Reasons for further decline: 1) Dollar rises on news, this is negative for GBP 2) False breakdown of 1.28 forms a potential for a decline 3) The target is the accumulation of orders below 1.25. 4) Neutral trend, range. Resistance is tested, target is support
Short
by AndeWave
1
BITCOIN → Test of the risk zone. When will the price go to 75K?BINANCE:BTCUSD continues consolidation. The price of the flagship cryptocurrency confirms the formation of a range after a strong rally, at the same time the market seems quite strong :) The market does not allow the price to get close to the risk zones, indicating that there is strong buying interest and interested smart money. Zones of interest are local reversal areas: 60314, 59313. There is a probability that before further growth the market may form a false breakdown of liquidity areas located below. But it should be understood that the market is currently protecting these areas, if the market manages to break the support of the 60K range, it will be the start of a strong correction to 50K A local bearish trend is forming on H1, but it is still within the 70K - 60K range. Within the current movement the price may test the support of the local trend, as well as the support of the global range - 60K. There is a high probability of a false breakdown, which will cause a change in the local trend and in this case the price will change its target from support to resistance. Targets could be 69K and 74K. Support levels: 62598, 61447, 60313, 59313 Resistance levels: 65466, 68132, 69000 At the moment, it is worth looking at the strategy of trading inside the range on the background of the uptrend. We should expect a retest of the strong support area followed by the formation of a change of local movement. There are no reasons for the price to leave the range yet CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
76