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Long-signal

Golden Prospects: Uptrend Signals Strengthen for XAUUSDGold recently found support near the 38.2% Fibonacci retracement level, a point where robust demand has emerged. Furthermore, the average-price uptrend trendline has been resoundingly rejected, indicating a promising signal for the continuation of the long-term upward trend. In the grander scheme, maintaining a daily/weekly closing price above the recent low reinforces the expectation of an upward price movement. Our target is set at the 127.2% Fibonacci resistance area, positioned just beyond the downtrend trendline. A noteworthy development is that if the price successfully breaches the downtrend trendline, it's likely to trigger stop losses for sellers. This, in turn, can introduce selling liquidity to the XAUUSDT market.
OANDA:XAUUSDLong
by CryptoPAMM
Bitcoin (BTCUSDT) Breaks Wedge Pattern Yet AgainBitcoin is once again displaying its strength by breaking above the wedge pattern, signaling the potential for an upcoming rally. While it's important to acknowledge the possibility of further downside, the probability of the uptrend continuing is considerably higher. In this scenario, we're leaning towards a long opportunity, setting our profit target at the 161.8% resistance level. If and when this target is reached, there's a potential for BTCUSDT to experience a 14% increase from its current price. The risk-to-reward ratio is notably favorable, making this an enticing trade setup. Let's closely observe how this situation unfolds and whether the market aligns with our analysis.
Long
by CryptoPAMM
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