BNBUSDT 4 HOUR UPDATE ( TECHNICAL )Based on my analysis of the BNB USDT pair, I have identified some significant indicators on the daily timeframe. By linking the higher lows formed on the hourly chart to the daily timeframe's trend patterns, I have noticed bearish breakouts on both trend lines. Moreover, minor supports on the hourly timeframe have also confirmed a bearish breakout, suggesting the possibility of a downward move. As a result, the price could potentially fall towards the $256 and $220 levels, which represent the next significant support areas.
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GBPJPY 4 HOUR UPDATE ( TECHNICAL )Hey there, it's an update on GBJPY. The recent bullish trend on the hourly timeframe confirms the completion of 5 wave impulses inside a growing channel, and we can expect a bearish breakout in the future. The breakout over this lower boundary can be a decent retracement close to 50-61% on the Fibonacci retracement. Remember to always do your own research and analysis before making any investment decisions and be prepared to accept the risks associated with investing in the stock market. Thank you.
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USDJPY 4 HOUR UPDATE ( TECHNICAL )* Rising wedge pattern spotted with a hourly breakout on the lower boundary formed.
* Expecting a decent 38%-50% retracement on the picked up bullish trend.
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AAVEUSDT 4 HOUR UPDATE ( TECHNICAL )* Double tops formed on the hourly and daily timeframe.
* Key Level breakout confirmed on the hourly timeframe.
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NZDUSD 4 HOUR UPDATE ( TECHNICAL )* Double topped pattern with a neckline breakout on the 4-hour timeframe.
* Expecting a decent retracement towards 50-61% on the Fibonacci retracement.
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BTC 4 HOUR UPDATE ( TECHNICAL )* Bitcoin continues to break above the key level at 23610 and with 15,30Min and 1h confirmation
* We are swinging the longs to the upside towards 24600+
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ETH 4 HOUR UPDATE ( TECHNICAL )*Ethereum is playing inside a channel where the current price is holding the lower boundary as support.
*Waiting to see a breakout or reversal on the lower boundary formed.
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BTC 4 HOUR UPDATE ( TECHNICAL )*Bitcoin breaks below the key level and holds down a bearish trend.
*Waiting to see a possible rejection or breakout on the trend and highlighted level.
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Dusk Network Breaks an important level$DUSK did an important level bullish breakout recently which is continuing the bullish trend extended above $0.24 on the daily timeframe. Here we can expect further upside momentum with the recent bullish sentiment identified on the market for the DUSK/USDT pair.
US100 SHORT TRADE PROJECTIONThe US100 index has got a nice bullish rally since 10690 and is now on the top of 12899, we have seen seller pressure which limited the bullish rally. The recent bullish trend has played perfectly inside a channel that is now confirming a bearish breakout. Here it is expected to do a retracement back toward the key level formed close to 11600. The 61.8% of Fibonacci retracement also sits over this highlighted zone.
NZDCHF SHORT TRADE PROJECTIONNZDCHF did a trend breakout after a nice double top formed. Here we are expecting a further decline towards the bottom support at
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CHFJPY LONG TRADE PROJECTIONCHFJPY is holding a consolidation and here we have two possibilities. With the recent rise up from the bottom support, expecting the price to do a bullish breakout and follow the pinned target price level. Any chance of a bearish breakout on the support will flip the setup and expectation over the confirmation.
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CADCHF LONG TRADE PROJECTIONCADCHF was consolidating for some time now inside the highlighted zone. Here if the price confirms a breakout on the resistance area, we can expect the price to continue the rally towards the next highlighted resistance formed close to 0.708
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AUDUSD SHORT TRADE PROJECTIONThe expanding channel formed on the AUDUSD pair has done a bearish breakout and the following bearish momentum can be expected to revisit back toward the highlighted support.
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AUDCHF SHORT TRADE PROJECTIONAUDCHF did a bearish breakout on the bear flag formed here I am expecting the price revisits back on the trend line. There we may see a bounce or a breakout for further drop down in prices for this pair.
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AUDCAD SHORT TRADE PROJECTIONAUDCAD broke the channel and the key level formed. Expecting the bearish momentum to continue the decline towards the support highlighted.
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USOIL CAN RETEST A NEW LOW CLOSE TO $70The trend line has already been breached and now we can expect the price of oil to follow a new low while the recent bullish trend formed already retraced more than 61% on the fib. On the daily timeframe, we are following a major bearish trend for a few months now which already retraced and almost wiped off the gains that happened last year.
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EURJPY - BREAKOUT ON DISTRIBUTION ZONEEURJPY was consolidating for some time inside the highlighted distribution zone. Here now we have a bearish breakout confirmation on the support and are expected to continue the bearish momentum as projected on the chart.
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DOGE WILL DO ANOTHER REVERSAL BACK TO THE RESISTANCEDOGE has started to do a recovery and here we can clearly identify a breakout confirmation on the key level. With the breakout and pullback formed on the daily timeframe, the price has a higher chance of reaching the next resistance formed. The previous day's candle closing is respecting the key level as a support with a nice long wick to the downside. The hourly timeframe shows an ascending triangle pattern in play.
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AUDUSD TREND BREAKOUT AUDUSD has completed its most awaited hourly trend breakout and here we have a key level that is acting as a support for the Aussie pair. If we can also confirm another bearish breakout on the following highlighted key level then we can expect the price to retrace back close to 50% on the Fibonacci retracement.
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SHIB MAY RALLY ANOTHER 40% IF THE PRICE WILL DO A BREAKOUTSHIB is an important structure. The price is playing inside a nice parallel channel where the current market price holds the upper boundary and the resistance is formed on the daily timeframe. If the price can do a bullish breakout here, then we may see a nice rally to the upside which can push the prices by 30%-40%.
But the prices and the bullish closings of recent daily candles are following a neutral or bearish sentiment by respecting the upper boundary and the resistance formed. If the price still manages to respect the upper boundary and the resistance as a sell zone, there we may see another bearish trend that can revisit back toward the support highlighted.
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DOGE TRIPLE TOPS ON THE KEY LEVELDOGE showing bearish sentiment on the highlighted key level with a triple tops structure. Here we have a chance of seeing a break above the key level or a bearish breakout on the trendline with respect to the bearish sentiment. The hourly timeframe shows a price action that created an expanding channel which can possibly show a bearish breakout. Any chance of a bullish breakout on the key level will invalidate the bearish projection made here and will continue to grow up towards 0.10.
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