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BITCOIN (BTCUSD): Waiting For The Next Move ₿ Bitcoin is consolidating after a sharp bullish rally. The price is coiling within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish If the price breaks and closes above 28950 on a daily, I will expect a bullish trend continuation. Target will be 31000. Bearish If the price drops and closes below 26300 on a daily, a bearish move will be expected. Goal will be 24300. Because the trend is bullish, I am on a bulls' side as well. However, let's see what will happen. What do you expect? ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
6
Gold -> Wait For The Break!Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently retested a quite strong previous weekly resistance area exactly at $2000 and already rejected this zone towards the downside. You can also see that as we are speaking Gold is retesting previous weekly resistance which is now turned support exactly at $1945, overall market structure is also still bullish so I am now just waiting for a clear break above the $2000 resistance and then I do expect more continuation towards the upside. On the daily timeframe you can see that Gold is currently stuck in between the $2000 resistance and the $1945 support area - as long as the market remains between those two zones there is no clear trading setup so I am now just waiting for a clear break above the $2000 resistance followed by a retest before I will then probably enter a long to capitalize on the next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
44
Duolingo On Fire: Can It Keep Going Amidst Economic Uncertainty?Duolingo Inc (DUOL), an American edtech company, offers over 100 language courses, including popular and less commonly studied languages. The platform uses gamified lessons with translating, interactive exercises, quizzes, and stories to make learning more engaging. Its unique algorithm adapts to each learner's level and learning style for personalized feedback and recommendations. Duolingo also offers a language certification program, a literacy app for children, and a math app for iOS. The platform also offers podcasts with simplified grammar, vocabulary, and slower intonation for intermediate level learners. NASDAQ:DUOL is listed on NASDAQ. Wyckoff Change Of Character Leading Into Accumulation Phase And Breakout DUOL has been in downtrend after hitting an all-time high of $205 on 22 Sep 2021. The Wyckoff distribution persisted until a Wyckoff selling climax (SC) on 15 March 2022 where it hit $64.80. The subsequent reaction was a relatively impulsive automatic rally to reach $101.50. This had the characteristics of Wyckoff change of character (CHoH) as the price structure shifted from downtrend to a trading range. For the next few months, the price tested the highs and lows of the range. Several Wyckoff upthrust (UT) was formed but unable to commit above the resistance of $101.50. Yet the duration DUOL spent in the upper trading range $90-$110 showed evidence of strength. The price did one last leg down to test the low in late October to December of 2022 with low volume suggested exhaustion of supply. At the beginning of 2023, DUOL price had a localized Wyckoff spring then started a significant Wyckoff sign of strength (SOS) rally. It was the best rally and the pull back from resistance was shallow, forming the Wyckoff last point of support (LPS). This is the sign before a successful breakout of the Wyckoff accumulation phase. With earning results as catalyst, the price gap up above the $101.50 resistance and committed above it. This was accompanied by increased volume hinting at the presence of demand. The up trend took a momentary Wyckoff back up (BU) pullback forming a higher low at $114 before continuing on the phase E uptrend. Bias Bullish. According to the Wyckoff method, DUOL has just broken out of the BU range of $130.50 and is overextended short-term. The price might retest this level and before challenging the next immediate resistance at $154 and $165. If the price breaks below $130.50, it will likely retest the support at $114 with a prolonged consolidation.
NASDAQ:DUOLLong
by mingjong