GOLD - Price can make small move up and bounce down to $2540Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price moved up inside the rising channel, where it at once fell below $2500 support level, breaking it.
Later price grew to resistance line of channel, but then declined back to support line and soon repeated movement up.
Gold broke $2500 level and later rose to next support level, and when it reached this level it broke it and exited from flat.
Next, price started to trades inside flat, where it rose to top part and after some time traded near it made correction.
Recently XAU bounced back and now tried to grow higher and I think it can rise a little more and then bounce down to $2540
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Decline
Bitcoin can continue to decline inside range to 54800 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after which it turned around and started to grow. In a short time price rose to a resistance level, which coincided with the seller zone, breaking the 53300 level one more time. BTC some time traded near the resistance level and then fell to the support line of the triangle and then quickly rose to the resistance line of this pattern, breaking the resistance level. But then the price made impulse down, thereby exiting from the triangle pattern and breaking the 61200 level too. Also, BTC started to trades inside the range, where it declined to support level, which coincided with the buyer zone and at once rebounded up. A not long time ago price reached a resistance level and soon rolled down, and now it declining. So, for this case, I think that the price can rise to the resistance level and then continue to fall to almost the support level. That's why I set my TP at 54800 points. Please share this idea with your friends and click Boost 🚀
Euro can reach resistance level and then rebound down to 1.1080Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to downward wedge, where it at once rebounded from the resistance line, which is located in the seller zone, and started to decline. In a short time price fell to the support line of the wedge, and then tried to grow, but failed and continued to decline to the buyer zone. In the buyer zone, EUR reached the support line of the wedge and at once rebounded up, thereby exiting from the wedge and breaking also 1.1035 level. Then price continued to grow until it reached the 1.1135 resistance level, which it even tried to break but failed and made correction to the support level, and even lower. Later EUR entered to another wedge, where it fell firstly to the support line and then started to grow. In an upward wedge, the Euro rose almost to a resistance level, thereby breaking the 1.1035 level. At the moment, I think that the price reach a resistance level and then rebound down, thereby exiting from the wedge. Also then, the Euro will continue to decline, therefore I set my TP at 1.1080 points. Please share this idea with your friends and click Boost 🚀
Gold will make downward movement to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price trades in the range, where it long time trading near the current support level, which coincided with the support area and top part of the range. After this, the price turned around and made a small movement up, after which rose back to the support area and soon started to decline to the bottom part of the range. When Gold fell to this part, it broke the 2485 level and declined a little below, thereby exiting from the range. Then the price started to an upward channel, where it broke the 2485 level one more time and in a short time rose to the resistance line of the channel and then made a correction to the support line. Next price continued to move up inside the channel and soon reached the 2525 level, after which made small correction to the support line of the channel. After this, Gold made a strong upward impulse, thereby breaking the 2525 level, and later exited from the channel. At the moment, the price continues to move up, so, in my opinion, Gold can make a downward movement to the support level. For this case, I set two TP, first at the 2550 points, and second at the 2525 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Bitcoin can reach resistance zone and then bounce downHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to resistance 2, which coincided with the resistance zone, and at once rebounded and made little correction movement, after which it continued to grow. BTC quickly reached resistance 2 again, but this time it broke it and then reached the trend line, after which started to decline inside the wedge. Inside the wedge, the price broke resistance 2 one more time and fell until to resistance 1, which coincided with one more resistance zone, after which at once rebounded up to the trend line, which is the resistance line of the wedge as well. Next, BTCUSDT made an impulse down, breaking resistance 1, and fell to the support line of the wedge. Then it rebounded and entered to resistance zone, where it some time traded and later fell back to the support line of the wedge. A not long time ago price rebounded and started to grow, therefore I expect that BTC will reach the resistance zone again and then continue to decline inside the wedge to support line. That's why I set my goal at 63400 points. If you like my analytics you may support me with your like/comment ❤️
DXYDXY is trading under the declining trendline . The price is reacting well the support and resistance of falling trendline.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 104.3 followed by 104.6
What you guys think of this idea?
BNBUSDT - Price can bounce from resistance area to $288Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to triangle, where it bounced from support line and made upward impulse to resistance line.
But then it fell back to support line, after which BNB turned around and rose to resistance line again, breaking $303 level.
Later price exited from the triangle and started to trades in flat, where soon it reached $321 level, which coincided with resistance area.
Then BNb some time traded near this area and even rose higher, but then price made a downward impulse.
Price exited from flat, and broke $303 level too and I think Binance Coin can bounce from resistance area to $288 level.
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AUDCADAUDCAD was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.8900
What you guys think of this idea?
MKRUSDTMKRUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 1400 region.
Will the bulls take charge again continue for leg higher?
XEMUSDTXEMUSDT is trading under declining trendline and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel.
Currently the price is forming a local support around 0.0245 region , seems like the buyers are getting ready for some serious move to upside.
Will the bulls take charge again continue for leg higher
US30US30 is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 33100 followed by 32800 region.
What you guys think of this idea
IDUSDTIDUSDT is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone which is 50% fib retracement level as well. the red candles at resistance zone Will indicate the sell pressure.
If the sell momentum continues the next target could be 0.2000 region.
What you guys think of this idea
DROPBOX BREARISH OUTLOOKDropbox's revenue growth has been slowing down due to intense competition from larger cloud storage platforms like Google Drive, Microsoft OneDrive, and Apple iCloud. The company remains profitable but faces challenges in the market. It is exploring AI integration for its services. Analysts project continued deceleration in revenue growth, with expected sales growth of 7% in 2023 and 5% in 2024. Dropbox's stock is valued at $26.63 with a market cap of $9 billion, but investors may find more stable tech stocks with comparable valuations.
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Short GBP/USD there is an opportunity here , i think this pair will decline in the next days after rally in the last weeks , the fed pivot will happen in the 14th DEC and a lot of investors and economists think that usd will collapse against currencies i think it’s not and market will go against the majority of investors , waiting for gold and stocks will decline sharply
BTC and complete the declineWolfe waves and the transverse demand zone:
Shapes drawn on the chart:
The orange region: Strongest Quantumes Area at the present time, which is current transverse area limits
The red zone and the green zone: weak trading areas that are not accompanied by quantities
The blue circle: the confluence of the fourth wave with the current strongest demand point and touching the sub-uptrend (the leg of the ascending triangle)
The blue line is the price breakout point at the 2020 high towards the 2021 high (69K), and the same time is the strongest demand area in this current drop from the Bitcoin high.
Intermittent red trend: the target of the triangle is based on the waves of Wolfe
The fifth wave is expected to be short as it faces the point 20361 which is considered a strong resistance as the price is likely to retest it after breaking it, as well as the middle point of the side of the fourth wave considering the unified (angle of the five waves of this triangle 47°), then after that it is expected that the price will fall to The target of the triangle according to the Wolfe waves (dashed red line), which also coincides with the previous idea attached, where it targets the first retracement area shown there.
If this path is achieved, it will be updated with a new idea
AUDCHF I Retest the Support Area 60+ PipsWelcome back! Let me know your thoughts in the comments!
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MATIC short$MATIC is bouncing off the local resistance level. Decline to support level at 1.4 $ is likely to happen.