GOLDIt's important area for GOLD, the price was broken important line but If price breakup the red channel, can turn the trend. These days GOLD move opposite of DXY so we must be careful about it. On the other hand, monthly candle will be closed next week and the shape of that is really important to show us next trend.
Mahsa_amini
BTC shark or AB=CD#BTC/USDT
$BTC shaped double bottom or shark pattern.
🐮 so break out from descending resistance which is the same with resistance zone around $21k, will increase price to next resistance zone around $24k.
🐻 but if bulls don't succeed to break out and price going to break support zone around $18k, then next supports are at $16300 and $14800, that will make a AB=CD pattern.
XAUUSD (4H) : NFP effect on GOLDBy examining the gold chart in the 4-hour time frame, we can see that the price finally managed to penetrate below $1696 with the announcement of the NFP rate, and this factor was an important reason for BMS ! The next important levels are marked on the chart, monitor the reaction to these levels! ($1675, $1670, $1659.5)
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.07.2022
⚠️(DYOR)
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ATOM inside descending channels#ATOM/USDT
$ATOM is inside a huge descending channel.
🐻 now price is rejected from the middle line of a channel which is the same with the long-term resistance zone, so it is possible that continue its downtrend to break down from support of $10 and touch the lower line of channel, than start a new rally.
🐮 but it price going to hold the support of $10, it will be an easy break out from resistance around $17 to touch the upper line of channel which is the middle line of bigger channel.
in the long-term price can touch the upper line of the bigger channel.
previous weekly analysis of COSMOS
AKRO potential to increase 300%#AKRO/USDT
$AKRO is above a support zone.
🐮 holding this support will increase price toward resistance zone around $0.006 which is the same with descending trend line.
break out from this resistance make the potential to increase toward $0.015.
🐻 if price breaks down from support zone, next support is long-term descending support.
AIOZ great R/R #AIOZ/USDT
$AIOZ is about to break from a long-term triangle,
🐮 breaking out from long-term descending resistance, will increase price toward resistance zone around $0.06 and even resistance of $0.075.
and breaking out from $0.08 can move up price toward upper trend lines.
🐻 break down from support zone around $0.045 will invalid this scenario.
XRP trend lines potential to reach above $1#XRP/USDT
$XRP hold the long-term ascending support and broke out from long-term descending resistance and candle of this week is making a pullback to confirm the broken resistance as support.
🐮 price touched the resistance zone, break out from this resistance zone will increase price to upper ascending trend lines.
In the long-term price may touch the 0.5 fib level of the whole swing down.
SHIB bearish flag #SHIB/USDT
#update
$SHIB shaped an ascending channel, and price is struggling to break down from the lower line.
🐻 breaking down from lower line of channel can shape a bearish flag and drop price to support zone around 0.786 fib level once again.
🐮 holding the lower line as support will increase price to middle line of channel.
ATOM fibonacci and trend lines#ATOM/USDT
$ATOM broke down from ascending support.
🐻 drop to 0.5 and 0.618 fib levels is a sure thing, just the way can be different.
- price can hold the descending trend line and have a bearish swing inside descending channel.
- and if break down from descending trend line it will dump sharp.
WAVES triangle fractal#WAVES/USDT
$WAVES is inside a triangle that is below a long-term triangle.
🐻 if price follow the previous triangle it will breaks down the lower line to touch the descending trend lines around $3.5 and $3.2, and break down from $3 will drop price toward last long-term support around $2.
🐮 holding the lower line of 4h triangle will increase price to break out from long-term descending resistance to reach resistance zone around $4.2 and will increase more toward upper trend lines.
BNB ready to start rally#BNB/USDT
#update
$BNB hold the support zone and broke out from descending trend line.
🐮 so it is possible that price touch the support zone another time as pullback to broken trend line then start a rally to resistance zone and fib levels.
🐻 in other hand if price break down from support zone next support is around $200.
DOGE inverse head and shoulders#DOGE/USDT
$DOGE is inside ascending channel, and price shaped an inverted head and shoulders pattern.
🐮 now price is near the neckline of this H&S. break out from neck line will increase price toward resistance zone around $0.67 which is the same with descending trend line.
🐻 rejection from neckline and descending trend line will drop price to lower line of channel to try to break it down.
DOT inside ascending channel#DOT/USDT
$DOT is trading inside ascending channel, and now price is near and above lower line of this zone.
🐻 holding the descending resistance and break down from lower line of channel will shape a bearish flag pattern that will drop price to somewhere around $0.57
🐮 but holding the lower line and break out from descending resistance can increase price toward upper line of ascending channel.
ADA symmetrical triangle#ADA/USDT
$ADA shaped a triangle pattern and try to break down from lower line of this pattern.
🐻 breaking down from lower line will drop price to support zones and even can reach $0.4.
🐮 holding the lower line as support, or holding the support zone around $0.425 and break out from resistance zone around $0.44 will increase price to $0.46
ETH bearish flag#ETH/USDT
$ETH touched long-term support zone, and stay above it.
🐮 price can move up to touch resistance zone around $1430 which is the same with ascending trend line.
break out from this zone will increase price toward 0.5 and 0.618 fib levels of last swing down.
🐻 also we can see price can make a bearish flag and break dwon from ascending support will confrirm this pattern for more drop to $1150 and lower.
XAUUSD Possible Correction : 09.28.22 By analysing the gold chart in the 4-hour time frame, we can see that the price managed to penetrate above $1658 and After the correction down to $1641, it is now trading in the range of $1655. If the support price maintains the range of $1640, we can expect growth to higher levels, i.e. $1671 and $1682! The NEW important Demand zone is from $1614 to $1625 (Bullish OB)
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.28.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️