Gold Buy SetupA breakout and a retest of the falling wedge will be a buy signal on the Gold.
This is a bullish setup on gold.
The risk is Medium/High on this trade
Good luck
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Best Regards, Reda Souhail™
Ismashprofit
The USDCAD is buyAfter the retest of the bullish trend line support, I think we will see a bullish reaction from the price.
My entry and target are on the chart.
Good luck
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Best Regards, Reda Souhail™
Bitcoin is respecting an Ascending channelOn The daily time frame, we are looking for channel up that has been respected which may give a bullish sign for all the Bitcoin holders and the bulls too
I'm still bullish the Q4 will be fire.
Reda Souhail™
The next leg is gonna be Huge let me tell y'allThe huge #Bitcoin bull run started almost 12 months ago this week...We are up +312% since then.
The next leg is gonna be Huge...big bullish volume is coming in.
Now we are moving sideways...We need to break through this $46k local resistance to really get going although don't be fooled there is still a lot of resistance to breaking through.
Secure your daily profits and don't panic selling your holdings.
Lastly don't forget to buy the Dip!
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Best Regards, Reda Souhail™
Descending channel AUD/CHFThe descending channel pattern is often a bullish signal for long positions after a breakout confirmed with a retest off the support trendline.
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
Long on SilverAfter the drop in silver's price at the major support, I'm expecting a bullish reaction from the buyers and the price will take off The entry.
Take this opportunity for massive results.
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Best Regards, Reda Souhail™
Cardano Partnership Announcement#Cardano is increasing on-chain DeFi activity through collaboration with UBX.
They launched their own public stake pool where stakers can now earn rewards on their ADA for helping to secure & operate the Cardano #blockchain.
That's a good sign for $ADA holders.
The price is in a downtrend we might see a bullish reaction in the upcoming days.
A breakout and a retest above the ascending channel trendline will give Cardano's price a nice push-up.
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Best Regards, Reda Souhail™
Crypto Market Daily OutlookBitcoin Dominance is testing the trendline and bouncing from there.
Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market.
Dominance will go to 44% levels in the next couple of weeks.
The major support is 40% and breaks below will lead to a good rally in altcoins.
Market gainers are currently much bigger than losers and volume has picked up dramatically for this to be a Sunday trading session.
ETH and ADA remains the highest volume pairs and we’re likely seeing a weekly close push in the next few hours.
Get ready for it.
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Best Regards, Reda Souhail™
Bitcoin cup and handle pattern studyOne of the classic price patterns of traders is the Cup and Handle pattern.
This pattern is of particular interest to experienced traders when it appears.
Today, I’m going to apply this special price pattern To the bitcoin chart.
An important Zone that has been playing a major price action manipulation is the :
52800.00
52200.00
The cup of the pattern is a long-lasting price accumulation and recovery period.
The handle may go down till the 40k-38k zone before a bullish continuation back then a breakout and we will see new highs during the Q4, 2021.
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Best Regards, Reda Souhail™
$WAVES/USDT (3-5x) Direction LONGProbably the final grind down before a mid-term breakout, laddering orders all the way down to The lower range.
A breakout of the downtrend line will be followed by a nice rally and give us some huge profits.
TARGETS
Short Term: 24.40 - 24.80 - 25.50 - 26.50
Mid Term: 27.50 - 29 - 31 - 34
Best Regards, Reda Souhail™
Bitcoin Dominance is again moving higherDominance is again moving higher, the market tried to shift its market structure.
Now #BTC is dumping and #Bitcoin Dominance is also moving higher
A high of 42.13% should be a sign of a fall in #BTC.D.
Best Regards, Reda Souhail™
Get ready for a ridiculous weekend win with $LTCI'm Bullish on this old baby girl.
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
after the last pump and dump, it has been showing off the interest of people in it.
Get you some my targets are 152-155-160-170-180-210.
Reda Souhail™
Ethereum large wick showing strong buys$ETH fully taps into the Support Zone.
The candle closes above the support zone with a large wick showing strong buys.
The price will pump to the upside till the resistance zone is Above $3000.
Best Regards,
Reda Souhail™
$THETA is a beast watch it outTheta (THETA) is a blockchain-powered network purpose-built for video streaming.
Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
My entry on the chart is clear also as my stop loss.
My targets are :
Target 1 - 5.20
Target 2 - 5.30
Target 3 - 5.40
Target 4 - 5.60
Target 5 - 6.00
Target 6 - 6.70
7.50 - 8.50 - 9.70
Reda Souhail™
EUR/AUD forecast by imRedaSouhailBreakout confirmed of the ascending channel.
It's time to go short on the EA pair it's a selling opportunity here.
My take profit is 1.60000.
Reda Souhail™
GBP/JPY forecast by imRedaSouhailThe GBP-JPY is facing a strong resistance area.
The GJ may fall after a retest of the falling resistance trendline.
The retest will cause a bearish reaction for the price and it's time to go short.
My Take profit is 150.440.
Reda Souhail™
Bitcoin just looks bullish after this breakoutAfter breaking out the major trendline of the descending channel pattern I'm predicting to see the price at the box in the 0.382 fib retracement level.
Remember guys that the Q4 will be fire and the bullish momentum is coming
stay safe!
Reda Souhail™
New Resistance area over the last 14 daysThe New Resistance area over the last 14 days is making the pullback of bitcoin price kinda slow and the good thing is we are still above our major support level.
Up probability 49% Down 51%
In the next upcoming days, I'm predicting the bitcoin price above 47k.
Reda Souhail™
$ETH breaks the retest area aggressivelyEthereum dips to the retest area and even breaks the zone aggressively.
Price almost dump till next support zone after the break it.
There's is wick showing some sort of buying activity📈.
Bitcoin also trying to hold above the major support level. Hopefully, we got a bounce from here.
Reda Souhail™
Bitcoin is under big selling pressure🛎 After the nice rally that $BTC did lately, we might see a weak momentum from the bull's side and take a BC correction...I told you.
Now as you looking at the chart it seems like Bitcoin is under big selling pressure.
I expect a pullback then a higher move in the next upcoming days
Stay Safe ! Reda Souhail™
51K in the next upcoming daysI am still bullish on BTC and the same thoughts I had on my previous analysis that we are about to test The 51k area after breaking our major resistance.
The divergence and the structure look bearish in the past 72h but I expect a little move down to the 46-45k levels before the take-off.
Reda Souhail™
Bearish Scenario of $BTC, Elliott Wave theory and FibonacciThe Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology...After the nice rally that $BTC did lately, we might see a weak momentum from the bull's side and take a BC correction.
Mixing The Elliott Wave theory with Fibonacci retracement I can know approximately when we might end up with the BC correction...At The Golden zone of Fibonacci.
Reda Souhail™
A descending channel is the most bullish form of consolidationFor the past couple of days, we have been creating a descending channel which is the most bullish form of consolidation with the highest probability of breaking to the upside and you can clearly see of course we broke right now our very important diagonal resistance level to the upside right there on the bitcoin chart and now our major resistance started to push the price down the 48840.00$ Level that will be my main focus for the upcoming days.
The Next Target of Bitcoin if we broke the major resistance level will be The 51k$ or above area.
Reda Souhail™
