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Sideways

Gold prices grind between $1780 - $1815Gold prices grind between $1780 - $1815. The 4-hour chart indicates to be long above $1,815 and short below $1,780. Between these levels, traders will be at risk of whipsaw price action and sideways consolidation. Even so, a clear downside break of the stated support line, around $1785 by the press time, won’t be enough as multiple levels around $1780 also challenge gold bears. XAUUSD is poised to test its November low at 1,758.81, while below the latter the slide may continue towards the 1,700 figure. => Meanwhile, sustained run-up beyond $1,815 will get a conviction on crossing November 09 swing high near $1,833. Following that, gold can quickly target the $1,850 hurdle whereas the $1,870 and the monthly peak of $1,877 could entertain the bulls afterward.
OANDA:XAUUSD
by UK_LEE
EURGBP: Preparing a leg up in the sideways formation.EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout. We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below the candle that will lead to the breakout. Below you van see the daily chart where the bottom of the channel is being tested.
Long
by Chartist-Trading
EURUSD: Waiting for an upside breakout for Long EntryEURUSD is showing signs of reversal after last week drop. As we can see in the hourly chart price has stalled and formed a sideways formation at 1.1430-50 area, while RSI has already formed an uptrend. In the Daily chart below we can see that the trendline that joins the major lows during the downtrend from June is being tested again. We will ise an hourly close above 1.1470 for entry setting the stops below Friday's lows.
Long
by Chartist-Trading
1
ADAUSD Slow Sideways Consolidation Falling WedgeImportant things to note: ALTS are trading sideways mostly as I said would happen. ADA price should pullback a bit short term and bounce. ADA also in descending wedge (longer term). Waiting on BTC.D to drop. When BTC.D falls, alt pairs will start moving upwards. Most alts are consolidating strongly. Very slow PA right now. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So I haven't updated in a few days because there wasn't much to update. BTC is consolidating currently for the next move which will likely create a new ATH. I expect a pullback around 73k but we will see. It is after this that I expect alts to start moving again. I have been keeping an eye on BTC.D and I feel like it is very close to hitting its top. I can obviously be wrong since we don't know what will happen when BTC hits numbers never imagined previously. Most alts including ADA have done exactly what I said would happen which would be to consolidate in a lot of sideways PA. Remember we expect to see mostly consolidation, slow grinding upward gains, and a pullback or two until alts start to really move. That is exactly what you are seeing right now. ADA is in an ascending channel so expect a small pullback, the size of the bounce will tell you where the price is likely to head next. Looking longer term, ADA is in a descending wedge, so you can expect that the price will bounce and break out of the pattern at some point. Also notice the 200MA is rising. I do not see the price falling below this point at the moment. However, it can bounce off of it and everyday, the 200MA gets closer to the price. As always, I will continue to update everyone on the price movements. However, do not expect much of anything until BTC.D starts falling. This is a great opportunity to DCA if you haven't and not just with ADA. There are plenty of opportunities out there and I have spent this consolidation period swing trading the sideways PA and rotating into promising looking alts. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
37
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3