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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook: As stated in the Bitcoin Daily Chart Analysis For the Week of Oct 18, the Bitcoin ''Interim Rebound'' completed our Inner Coin Rally of 69300 and retreated to the Mean Support level of 66800 and interim squeeze extension of the Mean Support of 65300 in this week's trading session. Currently, we anticipate the onset of a primary rebound, which is expected to facilitate recovery and further advancement into the subsequent phase of the bullish trend.
BITSTAMP:BTCUSD
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook: The Eurodollar experienced sustained bearish sentiment again during this week's trading session, with the prevailing selling pressure completing our Inner Currency Dip of 1.083. A transient rebound is in progress to the Mean Res 1.090. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 and the next Inner Currency Dip of 1.075 remains substantial.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook: The Bitcoin ''Interim Rebound'' rammed through our Mean Res 66300 and Inner Coin Rally 67000 and rested at our Mean Res 68500 in this week's trading session, and it is currently poised to hit Inner Coin Rally 69300. A breach of this critical price level will catalyze a movement towards the all-time prices marked as Key Res 73200 and the completed Main Inner Coin Rally 73300. However, on the downside, the interim bearish sentiment may lead to a decline in the coin's price value to the Mean Support level of 66800 and possibly the Mean Support of 65300. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BITSTAMP:BTCUSD
by TradeSelecter
BTC Testing Bull Flag Resistance at $68,000Market Overview: Bitcoin (BTC) is currently testing the upper resistance level of its bull flag formation around $68,000. Recent price action shows a higher high compared to the previous highs from late September and August, confirming a bullish trend on higher time frames. Key Levels to Watch: Resistance: $68,000 (bull flag top) Target: $70,000 (next psychological level) Outlook: Given the upward momentum, BTC is likely to consolidate in the $68,000 range for a few days before attempting a breakout. A successful move above this resistance could pave the way for a test of the $70,000 level. #BTC #Bitcoin #PriceAnalysis #BullFlag #CryptoMarket
BITSTAMP:BTCUSD
by Richtv_official
XRPUSD Shows Bullish Momentum, Eyes on $0.65 ResistanceMarket Overview: XRPUSD is bouncing from strong support at $0.502, signaling demand in that zone. Since the July lows, XRP has formed higher-lows and higher-highs, indicating building bullish momentum within an upward channel. Key Levels to Watch: Support: $0.502 (recent bounce) and swing low for potential stop loss placement. Resistance: $0.65, with potential for further upside if convincingly breached. Outlook: XRP's shallow pullback from the $0.65 resistance and the holding of key support levels suggest underlying strength. If $0.65 is broken, the bullish case strengthens, with room for more gains. #XRP #CryptoTrading #PriceAnalysis #SupportAndResistance #BullishMomentum
BITSTAMP:XRPUSDLong
by Richtv_official
S&P 500 Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: In the previous week's Daily Chart Analysis for the Week of October 4, it was observed that the index maintained considerable strength at the Mean Sup 5700 on Monday. The remaining days of the weekly trading sessions have demonstrated substantial and vigorous progress, surpassing the previously completed Inner Index Rally at 5763 and its progress towards the Outer Index Rally at 5840. The upcoming trading session will demonstrate further sentiment regarding the bullish sentiment to hit the 5840 target. However, recognizing that achieving the 5840 mark will incite a volatile downward price action is crucial.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: The Eurodollar experienced sustained bearish sentiment during this week's trading session, reaching our reignited Inner Currency Dip of 1.090. The prevailing selling pressure towards the support level of 1.079 is temporarily halted. A transient rebound is anticipated due to the significance of completing the Inner Currency Dip. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 remains substantial.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: The Bitcoin "Interim Squeeze" channel underwent retesting during this week's trading session. It exhibited upward movement to Mean Res 64000 and subsequent downward movement to Mean Sup 60200, and it is currently poised to return to Mean Res 64000. A breach of this critical resistance level will catalyze a movement towards the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. However, failure to achieve this rally will result in a downside interim bearish sentiment, leading to a decline in the coin's price to the Mean Support level of 58000 and possibly an Inner Coin Dip of 55500. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BITSTAMP:BTCUSD
by TradeSelecter
Ethereum Holds Steady Amid Volatility, Eyes on $2,800 BreakoutMarket Overview: Ethereum had a volatile week but ended with a 1% gain, with buyers defending the critical $2,400 support level. If ETH loses this support, the price could drop toward $2,000, impacting altcoins negatively. Key Levels to Watch: Current resistance: $2,800. A break above this level would signal buyers regaining control. Support: $2,400. Losing this could trigger further downside to $2,000. Outlook: Ethereum is showing signs of market indecision, moving sideways. A breakout above $2,800 would end this hesitation and bring back bullish momentum. #Ethereum #ETH #CryptoUpdate #PriceAnalysis #SupportAndResistance
COINBASE:ETHUSD
by Richtv_official
S&P 500 Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: In the preceding week's Daily Chart Analysis for the Week of Sep 27, the index adhered to the anticipated behavior by attaining the robust support level at Mean Sup 5700. This notable resurgence in the primary trend will likely prompt a robust bull movement toward the completed Inner Index Rally at 5763, with a high probability of surpassing it and progressing towards the awaited Outer Index Rally at 5840 within the upcoming trading session. It is imperative to acknowledge that reaching these objectives will trigger a volatile downward sentiment price action.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: The Eurodollar exhibited significant bearish sentiment during this week's trading session, and uncertainty prevailed regarding the currency trajectory amid Dead-Cat rebound activity. Three critical support levels were breached: Mean Support at 1.111, 1.108, and 1.101, ultimately stabilizing at the pivotal Mean Support of 1.097. The prevailing short-term buying pressure propels the currency towards a potential upward movement to the Mean Resistance level of 1.103. Nevertheless, the likelihood of further declines to the supplementary Inner Currency Dip at 1.090 remains strong, given the current interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook: The "Interim Squeeze" of Bitcoin has witnessed a significant decline to our Mean Support levels at 64400 and 63100, as well as the newly established 60200. On the upside, the cryptocurrency is approaching the critical Mean Resistance level of 64000. A breach of this pivotal level will trigger the movement to the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. Nevertheless, the prevailing market interim bearish sentiment anticipates a drop to the Mean Support level at 58000, with the potential for an extension to the Inner Coin Dip 55500 before initiating the primary recovery and progressing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: The Eurodollar has exhibited volatile fluctuations in the current trading session, encountering resistance at the pivotal Key Resistance level of 1.119 with a possible extension to retest the completed Outer Currency Rally of 1.124. This pattern reflects uncertainty regarding the currency's trajectory amidst the ongoing Dead-Cat rebound activity. The prevailing short-term buying pressure is directing the currency towards a potential downward movement to the support level of 1.111, with the prospect of further declines to supplementary support levels at 1.108 and 1.101, given the present interim price action.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: During the recent weekly market activity, Bitcoin surpassed the completed Interim Coin Rally at 64900 but encountered resistance before reaching the subsequent significant target, which was noted at 67000. However, the prevailing market sentiment suggests a potential retracement to the Mean Support level at 64400, with the possibility of an extension before commencing the primary recovery and advancing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: In the current week's trading sessions, the S&P 500 Index has demonstrated significant fluctuations, breaching the Mean Resistance level of 5648 and attaining the Inner Index Rally level of 5666 and the Key Resistance level of 5667. The index is on the verge of achieving the targeted Inner Index Rally at 5739. Yet, a potential retraction to 5620 in the upcoming week's session, with the prospect of further descent to the subsequent Mean Support indicated at 5552, could disrupt this progression. Conversely, an expected downward trend may be intercepted by the realization of a robust rebound to the Inner Index Rally at 5739, negating the anticipated decline.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: In the current week's trading session, the Eurodollar has displayed significant volatility within the defined range of Mean Support at 1.101 and Key Resistance at 1.119. This behavior reflects uncertainty regarding the currency's trajectory amidst the ongoing Dead-Cat rebound activity. The prevailing transient buying pressure is steering the currency towards a downward retreat to the support level of 1.111, with potential further retreats to supplementary support levels at 1.108 and 1.101 in light of the ongoing interim price movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: The current market activity exhibits a robust recovery from our Mean Support level at 57300, surpassing the Mean Resistance of 60500. It is poised to achieve our secondary rebound target: the Completed Interim Coin Rally denoted at 64500. Nonetheless, prevailing market sentiment suggests a potential retracement to the Mean Support level at 61900 before initiating the primary recovery and progressing into the subsequent phase to retest our completed Interim Coin Rally at 64900 and beyond.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with the possibility of further movement to the subsequent Inner Index Rally at 5739. Conversely, an anticipated downward movement toward the targeted Mean Support level of 5557 is expected upon achieving a resilient rebound.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: During the current week's trading session, the Eurodollar exhibited a modest decline, briefly breaching the predefined support level of 1.103 and decisively transitioning to the freshly established resistance level of 1.110. The transient selling propels the currency downwards to the support level of 1.101, with a potential extension to the supplementary support levels of 1.097 and 1.091 amidst the interim price movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: The recent market activity demonstrated a resilient rebound from our Key Support level at 53000, surpassing the Mean Resistance levels at 56700 and 59700 and peaking at the newly established Mean Resistance level at 60500. Current market sentiment indicates a potential retracement to the Mean Support level at 57300 before initiating the primary rekindled rebound and progressing into the second phase to retest our completed Interim Coin Rally at 64900.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.
SP:SPX
by TradeSelecter