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USDCHF → The currency pair may break through resistance FX:USDCHF continues to strengthen within the ascending triangle. The price is retesting the trend resistance. What can happen? As we can see on the chart on the bottom left, the currency pair is forming a consolidation relative to a strong resistance area. The mentioned accumulation, when moving to the phase of implementation is able to change the direction of the trend, in this case, the global downtrend will begin to change its direction following the dollar index. DXY breaks the key resistance and on the basis of fundamental factors begins the implementation of the strengthening strategy. The USDCHF currency pair may go to 0.89088 if the resistance of the descending channel is broken. Support levels: 0.87779 Resistance levels: 0.88133, 0.88250 I expect a small bounce from resistance and further retest of the area, which may break the resistance and trigger a rise in the market. Regards R. Linda!
Long
by RLinda
18
🥇GOLD - Price is hitting a strong resistance area Gold stops falling and forms a range of 1902 - 1885. A resistance retest and false breakout is forming TA on the high timeframe: 1) False breakout and fall to 1884, after which the price forms a retest of previously broken support 1902 2) From this level the price may continue its decline TA on the low timeframe: 1) With the probability of 70-80% the price will not be able to pass through the indicated resistance because of the trend, because of the volume density and because of the liquidity zone 2) False breakout with the top of 1908-1910 is possible 3) The trend is downward and most likely the price may go down to 1893 and 1885. Key resistance📈: 1902.7 Key support📉: 1893.8
OANDA:XAUUSDShort
by AndeWave
16
💱GBPUSD - Rising channel. Is growth to 1.29000 possible? GBPUSD forms a rebound from 1.26525 support and forms a local counter-trend correction TA on the high timeframe: 1) Price in the range of 1.28484 - 1.26525 2) After a false breakdown of support there is a potential for strengthening to resistance TA on the low timeframe 1) A local bullish channel is formed 2) Price consolidates at support and forms a retest of resistance 3) Within the up-trend, the retest of 1.27836 may form a breakout and growth to 1.29000. Key support📉: 1.27155 Key resistance📈: 1.27836
Long
by AndeWave
6
🥇GOLD → Price is exiting the bearish channel Gold breaks the resistance and forms numerous retests of the line, most likely this indicates that the market does not have a clear phase and there is a chance of price transition from a directional trend state to a flat state TA on a high timeframe: 1) One of the key supports is broken, the direction has a downward vector 2) A retest to the 1900 area is being formed, but at the same time, the daily candle closed on Monday indicates that the market is ready to continue its decline. TA on the low timeframe: 1) After a false breakout and retest, price confirms a breakout of channel resistance 2) Price seeks to test the key resistance at 1902.73, most likely another bounce may follow from the line. 3) Global and local trend is still bearish, and any of the resistance lines may affect the price formation Key support📉: 1891.87 Key resistance📈: 1902.73
OANDA:XAUUSDLong
by AndeWave
6
GOLD → Price forms a flat while DXY consolidates OANDA:XAUUSD is stopping. Yesterday I said that we should expect a flat formation in the near future. We are seeing confirmation. A break of trend resistance sends the price to retest 1900, after which a range of 1900 - 1885 is formed Note the dollar chart below. Gold is highly dependent on the DXY price. USD breaks the 103 level but does not form a proper momentum but forms a correction to 103. If the bulls hold this level and the upside begins, gold will react accordingly. But now there is a high chance that DXY will make a false breakout of this level and head downwards. In this case, gold will break the 1900 level, which it is now heading to retest and may form an impulse to 1912.25. Globally, I don't see strong preconditions for a market reversal and growth to 2000. I expect a correction or growth to 1912, maybe even to 1925, but in the medium term - a fall to 1880-1850. Support levels: 1890, 1893, 1885 Resistance levels: 1900 I expect a retest of 1900, if the dollar starts to fall, gold will break the level and head towards 1912, if the dollar from 103 starts to strengthen, we should wait for the fall of XAU. Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
CADJPY → Ascending triangle. Waiting for a breakthrough FX:CADJPY is forming a local upward trend. The currency pair is gaining resistance at 108.12 and forming an ascending triangle, most likely we will see some development in the near future. The currencies are weakening on the background of fundamental and geopolitical nuances, but the currency pair is getting stronger, overcoming one of the key levels at 107.6. Globally, CADJPY is in a bullish trend, but for the last few weeks the price has been stopping and forming a flat. Within the flat we see prerequisites for further growth. Earlier, the SMAs were tested, which now act as support. Resistance levels: 108.12 109.47 Support levels: 107.6, pattern support According to the mentioned prerequisites, I expect a retest of the figure resistance with further breakout and growth to the mentioned resistance. Regards R. Linda!
Long
by RLinda
8
Bitcoin - will crash to 10,000! (Proof here) 10k in April 2024? This is not sci-fi, but a real scenario that is probably going to happen! Make sure you are ready for what is coming. In this analysis, I will tell you all of the reasons. Bitcoin is extremely weak compared to the stock market or gold. While gold almost hit an all-time high, Bitcoin is near its low from November 2022, which is 16K. The current price of Bitcoin is 26k, and the previous all-time high was 69k. Compared to gold, Bitcoin should be worth 60k at this moment, but it's not. A few days ago, we had a massive sell-off, not only on Bitcoin but on all altcoins. The charts on the majority of altcoins look absolutely bearish. We have entered a new bear market. No coin from the high-cap category looks bullish, to be honest. From a technical perspective, the price is now below the 200-week simple moving average and also below the 20-month simple moving average. The bulls are not strong enough to sustain the uptrend, so it looks like the bears are in full control again, and it can be really nasty. I can see another 70% crash on DOGE and SHIBA. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. 10k is definitely a strong support that should hold! I believe this will be the bottom on Bitcoin because we have the 0.618 FIB retracement and the neckline of the head and shoulders pattern from 2020. On the chart, you can see my Elliott Wave count. Pretty much every Elliott Wave trader has bullish and bearish scenarios prepared. This is clearly my bearish scenario. Bear market 2022: impulse wave 12345; bull market 2023: triple three WXYXZ; bear market 2024: impulse wave. We can complete the ABC correction in April 2024. Let me know in the comment section what you think about a crash to 10k! Are you prepared or all in? Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
167
🥇GOLD - Support Retest. Price is looking for a bottom Gold forms a false breakdown of 1937.58 and forms the strongest impulse in the last few weeks (chart on the left). At the same time, local and global trends coincide and the price retests the support. The prerequisites are obvious TA on the high timeframe: 1) False breakout forms a downward impulse. Price falls to 1885, having previously broken support at 1909 2) The only key liquidity area the market is interested in is below 1807 TA on the low timeframe: 1) A bearish channel forms, price bounces off resistance and we see momentum 2) A retest of 1885 is formed, price may test trend resistance before further breakout. 3) The only scenario at the moment is to sell. Key resistance📈: 1891 Key support📉: 1885
OANDA:XAUUSDShort
by AndeWave
11
💱EURCAD - Symmetrical triangle before the impulseEURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum TA on the high timeframe: 1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation 2 Consolidation is forming between key liquidity areas TA on the low timeframe: 1) A symmetrical triangle is formed against the background of a bullish trend 2) Positive aspects of this pattern are that it is clear where to open trades (border breakout). 3) But, at the same time, in a bullish trend the price can break the support of the pattern and we will see a correction. 4) It is not important for us which of the borders will be broken, we need to wait for a signal, and it will be a breakout of the border with subsequent consolidation below or above the line. Key support📉: lower triangle boundary, 1.47000. Key resistance📈: upper triangle boundary, 1.47978
Long
by AndeWave
6
GOLD → Can the XAU stop falling? OANDA:XAUUSD is declining amid the strengthening of the dollar index. The latter in its turn broke a strong resistance, and XAU continues to update the lows There is a possibility that the decline in gold may stop, but only if the trend resistance is broken. The price will go into a sideways flat condition, which will force the price to trade in the 1900 - 1800 range. At the moment, the XAUUSD pair is within the boundaries of the bearish price channel. A resistance retest is being formed, which could push the price beyond 1890 and trigger another drop to 1880. On the global chart on Sunday, we saw the current bullish trend where I described the potential for the medium-term outlook of the XAU. The market is bearish and we should prioritise looking for resistance levels for selling Support levels: 1890, 1884 Resistance levels: 1894, 1900 I expect a bearish scenario to form in the market, but gold may try to break the trend resistance. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
GOLD → Prerequisites that the price will continue to fall OANDA:XAUUSD finally breaks the medium-term support line and updates the low to 1885. The trading week closes near the local support level, which indicates that the market is ready to continue the trend This week ended positively for the dollar, the metallo reacted as expected. There are several important news items to watch out for in the coming week: 1) Building Permits 2) SP Global US Services PMI 3) Core Durable Goods Orders 4) Initial Jobless Claims 5) Fed Chair Powell Speaks There is talk within the FED that the market is not ready to weaken yet as inflation is still at a high level, but again, rumours and facts affect the market in categorically different ways From a technical analysis point of view the market is preparing to decline further as the global upward price channel was broken earlier, price breaks strong support and also breaks MA200, at the end of last trading session price closes very close to the risk zone, breaking through which will form a downward momentum. Support levels: 1885 Resistance levels: 1902.9 The market is weak, the dollar index continues to strengthen actively, which may continue to negatively affect gold. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
19
BTCUSD → An impulse that scares the buyer. What's next? BITSTAMP:BTCUSD is breaking the 26700 support and MA-200 forming a strong bearish momentum, but at the same time the price is not breaking the bullish channel. In terms of global outlook, the price is still in an uptrend Pay attention to the weekly chart on the left. Price is forming momentum and a strong distributive move towards the strong support at 25000. The level is important for us, has a double confirmation, the first confirmation was from the sellers side, the second from the buyer side. I think that another retest, and especially after the distributive movement, may give us either a reversal or at least a strong bullish reaction. Traders are waiting for fundamental confirmation for cryptocurrency action. At the moment it is the approval from the SEC of BTC-ETF futures applications. This will give a new breath to the market. Most likely, this movement within the uptrend may be triggered for the sake of buying the asset at a lower price before further strong growth The moving averages are acting as resistance. The market is in a correction phase. Support levels: 25000, 24819 Resistance levels: 26707, 28474, 30575 The market is in the phase of a bullish trend, a correction is forming within the upward channel on the garfish, which may end near support Regards R. Linda!
BITSTAMP:BTCUSD
by RLinda
24
Bitcoin is starting to crash to 20,330 USD! (emergency) The major uptrend from 15500 to 32000 is over, and the bears are stepping in! I expect 20330 to be hit in the next few weeks, so make sure you are prepared for it! We can clearly see that the major trendline / parallel channel is breaking down! The price is below the trendline, and what's more, if we take a look at altcoins such as ETH, it confirms this analysis! We have finished the first cycle (1) of a huge (1)(2)(3)(4)(5) impulse wave. Now we are in cycle (2), which will send the price of Bitcoin to 20330, according to my technical analysis. Why 20330? We still have the unfilled CME GAP, which you know because I have been talking about it for more than a few months. Also, we have the 0.618 FIB retracement in confluence. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. From the Elliott Wave perspective, waves marked as (1) have usually deeper retracements, such as 0.618, 0.764, or almost 1:1. It also tends to fill previous gaps because breakaway gaps usually appear when wave (3) starts. It took 234 days for wave (1) to be completed. Compared to the stock market or gold, Bitcoin is struggling this year. Gains were overall pretty low. Bitcoin has been going sideways for a long time, and the direction is unclear. The volatility index on Bitcoin is at extreme lows, so a big move is expected! A big pump at the current price doesn't make too much sense. But a big dump is definitely on the table. Let me know what you think about BTC in the comment section! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
243
🥇GOLD → The chart gives a set-up to sell Gold breaks through support and makes a momentum move and updates the global low to 1889. It is likely that the market may continue to fall TA on the high timeframe: 1) The nearest point from which we can expect to buy is 1902.87, a false breakout can be formed but it will take a lot of time TA on the low timeframe: 1) Price breaks the support of the wedge, forming a correction 2) The correction may confirm the bearish market sentiment 3) The decline may continue from 1896.45 4) In the long term, there is a chance that price could fall to 1881. 5) The price needs to strengthen to 1903 to expect a rise Key support📉: 1891, 1881 Key resistance📈: 1896, 1903
OANDA:XAUUSDShort
by AndeWave
19
GOLD → The bears are taking the gold to the den OANDA:XAUUSD amid numerous resistance retests is not yet able to break it. Fundamental data is still on the side of the dollar. The gold price continues to fall and update the lows The price bounces off the channel resistance and falls, testing 1890. A false breakout is formed against the mentioned support and the price starts a local rebound. Most likely, gold may test 1900 in the near future before falling further. There is still a strong bearish trend in the market. Yesterday's fundamental data is positive for USD. As the dollar index strengthens, we see the gold price falling. In the medium term, we should expect the metal price to continue falling. Support levels: 1890 Resistance levels: 1900 I expect a retest of the resistance area before a further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
ETHUSDT → Retest of MA200 and trend supportBINANCE:ETHUSDT is testing a strong support area in the correction phase amid a bullish global trend. Bitcoin is falling and dragging the whole market with it The price of Efirium is testing the support of the ascending triangle - this set-up is now global. At the same time, the price is testing the MA-200 (daily), which supports the trend. In our case, if this retest turns out to be false and the price forms a false breakout and is able to consolidate above the MA-200 and above the 1800 level, then the market may switch to a bullish direction again. In this case, the scenario will start to develop, which includes price growth to 2020 and in the medium term to 2457. While bitcoin is dragging the whole market down, it will be hard for altcoins to break out upwards. At the moment, the moving averages are clamping down on the price, with the coin trading in a narrow range. Support levels: 1800, MA200 Resistance levels: 1872, MA50, 1900 In priority I am waiting for a false breakdown and continuation of the ascending triangle formation. Regards R. Linda!
Long
by RLinda
9
🥇GOLD - Wedge. Resistance breakout. What could happen? Gold breaks the resistance of the key figure and prepares for further growth. What is likely to happen? Will there be a rise or a fall? TA on the high timeframe: 1) A false breakout is forming on D1. Quite a complicated setup that stretched for two days 2) After the false breakdown the price may be interested in the area of 1912-1920. TA on the low timeframe: 1) A bearish wedge is forming on the chart 2) The price forms a rebound from the support of the key figure and an impulse of 36% is formed, which indicates an active attack of buyers. 3) The price breaks the resistance of the wedge, a figure that can break the trend, most likely the rebound can last until the nearest strong resistance. Key support📉: 1902.87 Key resistance📈: 1914.12
OANDA:XAUUSDLong
by AndeWave
5
💱EURCAD - Ascending triangle EURCAD continues its bullish trend. The price is testing the resistance on the background of upward movement. There is a chance for a quick breakout TA on the high timeframe: 1) Accumulation is formed near the level of 1.47728. At the next retest, the price may break the resistance 2) The liquidity area of interest for the price is above 1.48560. TA on the low timeframe: 1) A triangle is forming 2) Price bounces off the support on the background of a bullish trend 3) A retest of resistance is forming, increasing the chance for a breakout Key resistance📈: 1.47600, 1.4796 Key support📉: 1.4700, 1.4654
Long
by AndeWave
4
GOLD → Bearish trend resistance breakout. realistic? OANDA:XAUUSD makes a false breakout amid the news. The price is testing the 1900 liquidity area. The chart set-up and pin-bar form a bullish potential On the chart we also see the strengthening of the price. Gold makes an attempt to break the bearish resistance and for a few hours the price forms a consolidation above the previously broken line. On the chart I have indicated the upper boundary at 1912.7. I think there is a chance that after a strong fall, the price may go into a consolidation or flat format. 1912 is a strong and liquid resistance and is likely to push the price back to the support, which will only confirm the flat. Our task after the breakout of trend resistance is to pay attention to strong levels to open positions for breakout, rebound or false breakout. It is too early to talk about the trend change. We are watching the price. The price is testing MA-50 for a breakout. If it happens, gold will strengthen to MA-200. Support levels: 1902, 1900 Resistance levels: 1906.5, 1911.5, 1912.7 I expect a correction to the resistance. From 1912 a pullback and retest of support is possible. Regards R. Linda!
OANDA:XAUUSD
by RLinda
22
CADCHF → Downtrend triangle on the background of a bearish trendFX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows. The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990. A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at 0.64990. The price is within the descending price channel, a retest of the trend resistance each time sends the price to the indicated support - a strong signal for a breakout Moving averages act as resistance Support levels: 0.64990 Resistance levels: trend boundary, 0.65450 I expect a bounce from resistance, which will lead the price to another retest of support, which may help the price to breakout. Regards R. Linda!
Short
by RLinda
13
Bitcoin - Secret parallel channel! (Important update) Bitcoin is bullish, and I expect its price to reach levels above $30,500 in the short term! That's because we have this secret parallel channel that no one talks about. It's important to take profit on your intraday trades at the top of the parallel channel! I believe Bitcoin can rise much more, to 32k, until the end of the month. But of course, volatility on Bitcoin is currently extremely low, so this can take some time. I recommend buying XRP for the long term; the current price is very good. Check out my previous analysis on XRP in the related section down below. But be really careful in September, because this is statistically the worst-performing month for Bitcoin. Usually, Bitcoin goes down during this period of time. But after that, we have October and November, and these months are, on the other side, extremely bullish! From the Elliott Wave perspective, Bitcoin has completed the complex correction double three (WXY). We can definitely start a new impulse wave from here, but it can also transform into a triple-three pattern (WXYXZ). This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. This was a quick update on BTC. Some altcoins are pumping heavily, but these pumps are most likely a game of whales. To catch these coins, you have to sit on the right coins before it happens. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
73
💱GBPCAD - Symmetrical triangle will provide upside potential GBPCAD is forming a retest of resistance at 1.71041. The price is preparing for further strengthening along the trend. After the correction a set-up is formed which may give the market an impulse to 1.7216 in the near future TA on the high timeframe: 1) The correction from 1.7222 ends with consolidation in the range of 1.710 - 1.690 2) After a false breakout, the price forms a retest of resistance 3) A pre-breakout consolidation is formed TA on the low timeframe: 1) A symmetrical triangle is formed on the chart with downward resistance and upward support. 2) Another retest is forming and trading volumes are increasing 3) The market is preparing for a breakout, it is important for us to wait for a break of 1.71000 and price consolidation above the level. Key support📉: 1.70540, 1.7000 Key resistance📈: 1.71040
Long
by AndeWave
9
GOLD → The Bears continue to dominate. Ahead of CRS, RSOANDA:XAUUSD continues to update the lows. The price bounces from the local liquidity area of 1903 and forms a correction, making another attempt to retest the trend resistance The upper boundary of the descending channel does not let the price yet, most likely targets below the most important. Reports released today are: 1) Core Retail Sales (no data, the previous ones were bearish) 2) Retail Sales (expected to strengthen) After retesting the support, it is likely that the price may head up to retest the trend resistance, there is a possibility that the price may break the line and start to form a flat (consolidation) before moving further to one side or the other. A global bearish trend dominates the market. I still expect a retest of 1900 as a priority (a false breakout is possible) Moving averages act as resistance Support levels: 1905, 1903, 1900 Resistance levels: 1908.3, 1912.7 In priority, I expect the price to fall from the channel resistance to 1900 with the subsequent rebound and the formation of a flat on the background of the bear market. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23