EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative.
On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation.
The dollar is starting the recovery phase again, which may put pressure on the euro.
Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement.
Resistance levels: 1.0606
Support levels: 1.0521, 1.044
It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout.
But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
Descending Channel
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically...
The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook.
Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance...
Resistance levels: 2626, 2643
Support levels: 2604, 2590
Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background.
A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GBPNZD bearish expectations
GBPNZD price is make two strong bullish pushes from 4.Oct. currently DESCENDING CHANNEL visible, price is make bearish bounce on strong zone 2.16600.
Expecting this point now is exhaustion and expectations are to see higher bearish continuation from here
SUP zone: 2.17000
RES zone: 2.14700, 2.14100
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall...
Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further.
The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation.
Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range.
Resistance levels: 0.5864, 0.588, 0.5912
Support levels: 0.584
Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;)
Regards R. Linda!
Alikze »» EDU | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the 8H time frame.
- At the bottom of the channel, a strong buying pressure candle has been encountered.
- Currently, we have to wait for the failure of the supply zone to exit the downward channel.
- If the supply zone breaks, it can have the targets of 0.9769 and 1.1719.
💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
GBPUSD → The fall after the breakdown will intensifyFX:GBPUSD continues to fall downwards. The price is testing the strong support at 1.267 and forms a false breakdown. The dollar is losing ground a bit in the meantime....
Theoretically, the currency pair after the false breakdown can form a correction (a trap or a crowd trick) before a further fall. Zones of interest in our case could be 1.272, 1.277, 1.28.
Fundamentally, the situation is not the best, the pressure on the pound, on the background of the dollar rally, is present more than enough, accordingly, in the medium term we should expect a continuation of the fall. The trigger for this could be a false breakdown of resistance or a breakdown of 1.267 and consolidation below this zone.
Support levels: 1.267, 1.261, 1,25
Resistance levels: 1.272, 1.277
We need to watch the price reaction to these key levels. If bears hold 1.267 and consolidate their positions below this zone, the fall will happen sooner.
Regards R. Linda!
TON → One step away from a rally. Trying to change the trendBINANCE:TONUSDT is coming out of a prolonged consolidation, but only one action separates us from the distribution phase. The bitcoin rally is favorable for many altcoins....
In my opinion, TON is a rather undervalued project that has a fundamentally significant base (many altcoins cannot boast of this).
Technically, the consolidation lasted for almost 9 months and, consequently, this energy should be used somewhere. The exit of the price from the accumulation begins to show us in which direction the distribution is likely to go.
The focus is on 5.420 and 5.150. If the bulls hold their defenses above this zone, the coin could show a flight to the moon in the long run. But don't look at cryptocurrencies with rose-colored glasses, assess the situation relative to the risks!
Resistance levels: 5.420, 6.133
Support levels: 5.151, 4.51
The price is breaking the resistance of the bullish pattern (descending wedge or descending triangle), we have to wait for confirmation that the trend change will be true. The fight for 5.420 continues. Let's keep an eye on this zone ;)
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;)
Regards R. Linda!
XLMUSD breaking up from double bottom/channel/invh&sThe target for the double bottom/channel is .1439 and the inv h&s target is slightly lower than that. I call this a Siamese inverse head and shoulders because it sort of has 2 heads in between the shoulders. Golden cross appears to be just.a few candles away . *not financial advice*
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution.
BTC has one bullish driver after another as it approaches ATH:
Trump's victory in the US presidential election.
Then the second 0.25% Fed rate cut in this cycle
Discussions about BTC as a strategic reserve.
Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person.
In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon.
Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term.
Resistance levels: 76900
Support levels: 75650, 74560, 73550
The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying).
The target of 100K is becoming more and more real ;)
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:BTCUSDT ;)
Regards R. Linda!
Potential c&h on ETHUSD would have a target around 7kFor now this is just a speculative cup and handle pattern, plenty of them have gotten to this level and even completed the handle with a candle or two above the rimline of the cup and still ended up falling and eventually being nullified, so there’s no absolute guarantee this will play out this way. However, as it seems we may be now entering phase 2 of the bull markets uptrends, It is certainly probable this could very well play out just like this. The channel ether is just now breaking up from that I posted a chart on the other day(which. Will link below) has a big enough breakout target/measured move that it should bring price action up above the rimline of its bigger cup and handle pattern here. We will see soon enough I’m sure. Only thing I see prolonging such an outcome would be some sort of unforeseen black swan. *not financial advice*
#ETH/USDT Breaks Out! Next Stop: $4,000?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
A few days ago, I shared that ETH was trading around $2,400 and had strong bounce potential—and it’s been moving right on track. Check out the chart below!
ETH is now trading around the $2,900 level, breaking out of a descending channel on the daily timeframe. A solid 40% move to the upside looks likely, which could bring ETH up to the $4,000 range in the coming weeks.
Entry: $2,750-$2,900
Target: $4,000
Stop Loss: $2,650
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed.
The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly.
As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase.
The fundamental background, formed at the moment, is favorable for the fall of the currency pair.
Resistance levels: 1.294, 1.30, 1.3044
Support levels: 1.2813, 1.2672, 1.25
The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news!
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
APEUSDT → Is the dump still in progress? Emphasis on resistanceBINANCE:APEUSDT in the dump phase updates lows. Consolidation and a slight pullback is forming before important news from the US. There is a storm ahead!
The coin pump is most likely a manipulation of fundamental facts related to the launch of Level 3 blockchain. But based on the overall situation, traders do not believe in further growth ...
Technically, the coin is in the channel 0.963 (deeper 1.032) -0.900, accordingly, at the time of writing, prices are diving after bitcoin as markets are betting on Trump's victory, which puts a favorable wind on this market. But the outcome could be 50/50 as the politicians in the race go toe-to-toe...
I emphasize the range boundaries to form a short and medium term strategy for APE.
Resistance levels: 0.963, 1.032
Support levels: 0.900, 0.875
Technically, the primary target is resistance. Further we should consider a false breakdown with a possible decline to support, which may lead to a breakout and further decline to the zone of interest 0.733 - 0.695
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:APEUSDT ;)
Regards R. Linda!
NZDUSD → Speculators waiting for news.... FX:NZDUSD is moving into consolidation after a strong and progressive fall amid a halt in the dollar index. Markets are waiting for news related to the US presidential election....
The currency pair amid strong bullish DXY is not practicing attempts to update local highs with the aim of changing the trend to a bullish one. Buyers are not ready yet, and are waiting for November 5...
If Trump is elected, the dollar, supported by a pro-inflationary president, may continue to recover, which, accordingly, will manifest itself in the form of negative dynamics in the currency pair. But, most likely, with the election of a politician from the Democratic Party, the regulators are likely to continue to hold the dovish rate, in which case the NZDUSD will have a chance to change the trend.
Resistance levels: 0.6031, 0.6066
Support levels: 0.5953, 0.5915
Technically, bears continue to hold the dominant position. The area 0.5915, 0.585 is a zone of interest in terms of liquidity formation, thus, there is a high probability of reaching these areas...
Regards R. Linda!
BTCUSDT Strong Bullish Channel!BTCUSDT (Day Chart) technical analysis update
BTC price is breaking the channel resistance on the daily chart after 220 days of formation. The price is trading above both the 100 and 200 EMA, indicating a potential bullish move in the coming days. My next target is $100K. This is a perfect positional trade with a risk-reward ratio of 1:5."
Buy level: Below $66,000
Support: $58,500
Regards
Hexa
Alikze »» SUI | Descending channel - 4H🔍 Technical analysis: Descending channel - 4H
- It is moving in a descending channel in the 4-hour time frame.
- Currently, the supply area is facing sales pressure.
- According to the correction structure in the 4-hour time frame, if there is no ability and stabilization above the number 1.95, the correction will continue until the area of 1.56.
- The 1.56 range can have short-term targets of 1.66 and 1.75 if it meets demand.
- In addition, in case of selling pressure in the range of 1.75, the correction will extend to the green box.
💹 Support zones in the case of extension of the correction log: 1.30 - 1.23 - 1.13
💎Alternative scenario, if it can consolidate above 1.95, could have short-term targets of 2.14 and 2.34.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:SUIUSDT
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown
Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.
From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓
If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.
Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111
It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;)
Regards R. Linda!
EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines .
Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ).
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines .
⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SCR → The dump continues. How far will the coin fall?BYBIT:SCRUSDT is in the dump phase after listing. The coin is losing 40% and is not going to stop yet. After a strong fall, the coin does not bounce back, but forms consolidation before a possible continuation of the fall...
The reasons for the cold reception in the cryptocurrency community are quite objective:
Rumors have surfaced that the founder took most of the coins from the amount allocated for airdrop, depriving active users, accordingly, people got few tokens... Criticism among the community regarding the design of the project. The Binance Launchpool whales got access to SCR early.
Technically, the picture on the chart also points to weakness... The coin is unable to form a pullback or correction and update the local high. It can be seen that the bears are creating a huge pressure...
Resistance levels: 0.9533
Support levels: 0.882, 0.8, 0.7
Accordingly, a retest of the resistance is possible before a further fall. It is not excluded, if the development team puts forward some announcement or news that can bribe speculators, in this case the coin can give a strong impulse upward, which will break the structure, but this is not the case yet.
The fall will continue after the support breakdown...
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SCRUSDT ;)
Regards R. Linda!