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Gold- Consolidation with bullish perspectivesIn yesterday's post, I wrote that an important level for bulls to watch is the 1990 zone.
After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone.
Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration.
As said, both medium and short-term trends are bullish, but for the short-term trend to remain like this, the price needs to remain above 1985.
In case of a break under, we can expect a drop to 1975 or even lower.
ICP- Break of resistance and 50% rise afterICP is one of the coins that I watched closely and, as explained in my previous analysis, a break above resistance could lead to up acceleration.
Now, the coin is flirting with resistance and is pressing for a break
As long as the price stays above 4usd the trend is bullish and a genuine break of resistance could lead to a rise of at least 50%.
Bitcoin- Back at resistance. Will it break this time?In my previous BtcUsd analysis, I said that 35k-35.5k is strong support for bitcoin and the main cryptocurrency remains bullish as long as this level is intact.
As we can see from the chart, BtcUsd touched and reversed from this zone 3 times in the past month suggesting there is a strong demand under 36k.
Yesterday the price rose back to resistance and I'm looking for a break.
In this instance, Bitcoin could pass above the important 40k level.
I remain bullish as long as support is intact.
EurNzd could drop to 1.75 (500 pips)After the top near 1.85 in August, EurNzd dropped almost 1000 pips.
In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82.
Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time.
1.8 acts as a very important psychological level but also as an important technical horizontal support.
A break of this support seems imminent and in such an instance, EurNzd could accelerate its decline to 1.75.
I'm bearish this pair and I'm looking to sell rallies for a good risk:reward.
UsdJpy- New leg down after correction?As I explained in my previous post, UsdJpy could accelerate its decline and test 3 October's low.
After this anticipated drop, the pair started to correct to the upside and now it's approaching an important sell zone.
I'm looking to fade rallies around 149.50 for a new leg down.
A close above 150 zone would negate this scenario
Cardano is failing at 0.4. I'm looking to sellIn my previous analysis of ADA/USDT, I highlighted that as long as Cardano maintains support above the 0.24 zone, there's a strong likelihood of a reversal towards the range's resistance at the 0.4 zone. Recent optimism in the crypto market has indeed facilitated this movement, with the coin witnessing an approximate 60% surge over the past month.
However, the overall structure for ADA remains range-bound and not decisively bullish. Therefore, a potential retracement could be on the horizon. My strategy is looking for opportunities to sell on any spikes above 0.4, targeting a drop back to the 0.3 level, with a rise above 0.42 negating this outlook.
GbpUsd- Bulls should be carefulAs you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone.
Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after.
As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls.
In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone.
I'm looking to sell rallies against 1.26
Gold- Up continuation to test ATH?In my yesterday's comments, I explained why, after the false break of the confluence support there is a high chance of a test of the recent high.
Indeed, XauUsd has risen and tested exactly that point. A correction followed and now the price is consolidating.
The overall structure remains very bullish and traders could look to buy dips around 1990.
If Gold manages to break above yesterday's high, the most obvious target is the old ATH.
A drop under the 1975-1980 zone would put a pause on this scenario.
ETH Ethereum Institutional Boost Fuels Crypto Market GrowthIf you haven`t bought ETH here:
My new Price Target for Ethereum is $2200.
The crypto market is witnessing a significant surge in optimism as major institutions demonstrate increasing support and regulatory progress. BlackRock, a renowned asset management firm, has included Coinbase's surveillance sharing agreement (SSA) in a spot Bitcoin ETF refiling, highlighting their confidence in the cryptocurrency market. Nasdaq's involvement further solidifies credibility and transparency.
In addition, the iShares Bitcoin Trust's updated submission in a 19b-4 form and similar decisions in recent Bitcoin ETF filings point to a growing trend of acceptance and adoption. Bernstein, a $650 billion asset manager, suggests that the Securities and Exchange Commission (SEC) is likely to approve a spot Bitcoin ETF, reinforcing the positive outlook.
Fidelity, a massive $4.2 trillion asset manager, has officially filed for a spot Bitcoin ETF, designating Coinbase as their SSA counterpart. This move by Fidelity adds further validation and support to the crypto market.
These developments signify a transformative period for cryptocurrencies, with increased institutional participation and the potential for regulatory approvals. The crypto market is poised for growth and potential price appreciation
Looking forward to read your opinion about it!
XAUUSD Check this buy zone .. Good evening gold gang! another amazing day on the gold chart smashing buys and sells in all sessions where price has followed my analysis to the TEE! .. amazing
Its that time again .. its BIG FRIDAY here on the gold chart where we see some tasty moves and hopefully some tasty profits to cap off the week
best play for me will be the buys just underneath the algo at the 4hr zone. Very strong probability zone .. so if it taps .. should get a great bullish reaction there
sells below that zone if it breaks through it .. and any buys at the top of the chart.
All algo zones are ready for taking scalps from should the moves allow .. we got red folder news in NY session so that normally gets us our algo bounce trades
Lets go gang drop a banana in the comments if you are ready to finish off the week strong with me 🍌
follow, like and boost
your mate
tommy
XAUUSD long Continuation Setup BULLISHHello Traders, this is the actual TVC:GOLD Range, Ranging Beetween 1935 - 1958 Still there's no confirmation for the Gold to shift structure yet so maybe a rally upside to 1974 or 1987 that better ods from shorting whitout confirmation that my analysis for the Gold Range hope you make a better trading decision with this humble insight
EURUSD: BEARISH POSITIONS/BELOW 1.0643 FX:EURUSD
Hello Traders,
This is my analysis brought to you after deeply analyzing thE EUR/USD Forex Pair from a technical, trend and fundamental perspective:
*Pivot Point : 1.0643
*Stop Loss :1.0729
*Take profit 1 : 1.0341
*Take Profit 2: 1.0231
Entry Price : 1.0540
Risk/Reward Ratio : 1 :1.80
⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️.
✅Fallow me to be up-to-date with all my posts and updates 🚀.
Best,
Yasser Tavarez,
GBPUSD LONG TRADING SETUP ENTRY 4H-1HHello Traders This is The FX:GBPUSD LONG ENTRY SETUP it all looks good for now to take this setup we where on a downtrend Movement, we break Strcuture on MUltiple Higher timeframe such as DAILY, 4H, 1H multiple times so i'm confident to go Long in this setup if the price reach that Daily P.O.I and swap that LQ the Triple Bottom, If you Agree let me know
XAUUSD Bullish Momentum Continuation Hello Traders, The OANDA:XAUUSD Continue the movement to the upside due to fundamentals and respecting the technical analysis for bullish movement we break many Structure all the way app it riskier to Counter Trade it better to go with the Trend or we have to wait for Solid Confirmation for the Reversale or Shift in the Structure, for now we still have the Bullish Momentum and there's no Entry Setup For me i let you guys Updated
more parabolic upside this week, or pull back? good evening gold gang.. hope you all had a great weekend and are ready to tackle the markets once again!
friday was insane! .. 600 pips to the upside .. 600!! that was one monthly level to the next ( on my strategy) .. crazy
The weekly candle closed above the level and structure with no top wick .. closing with no top wick is a normally a great indication of a small pull back .. id like to see a pull back to the monthly zone for price to continue up.
Price is very close to the top algo level here where i would like to take a little bounce sell down to the monthly
We could also gap on the open as we did last week .. anything is possible at the moment
from the monthly level i would love to take buys there .. but at the minute .. lets let some candles play out and work from there
follow along for constant updates!
catch you in london
tommy
XAUUSD LONG SETUP ON 1H, DO YOU AGREE ?Hello Traders, This is the OANDA:XAUUSD Setups i found 2 possible setups 1 or 2 but i'm more for the 2nd because, the market left some imbalances past week also the price is on the discounted area rather than an average price for me the 2nd setups make more sense, what do you think ?
XAUUSD SHORT SETUP 30MIN TIMEFRAMEHello Traders this is an update for the yesterday Setup on GOLD Sell, we have identified two main areas the first 1 is 1881-1887 the Second one is above this 1919-1929, this is how our Sell setup could played out i think we gonna make another push further then fall or the gold start melting again