Lingrid | GOLD Breakout of the COMPRESSION ChannelYesterday's release of high impact news sparked a surge in the OANDA:XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel. This break also cleared the previous week's high. I think, the ideal scenario would be a retracement to the broken trendline level, setting the stage for a continued upward movement. I expect a pullback towards the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity before targeting the round number at 2390. My goal is the resistance zone around 2382.
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Lingrid | BITCOIN quick PULLBACK from the RESISTANCEThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT has finally hit the strong resistance level on the daily timeframe, a barrier that has been holding price movements since March. Despite the overall bullish trend, I anticipate a potential quick retest of the support level as the price action appears to be losing momentum. The absence of significant buying pressure, marked by the lack of large bullish candles, suggests that the market may be poised for a correction. With the price approaching the previous month's high, we may witness a bearish move from this area. I expect a short-term pullback to a key level, where the market may reassess its trajectory. My target is the support level at 70,000
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Lingrid | ETHUSDT continuation of the UPTREND. LongBINANCE:ETHUSDT has broken out of its range zone and triangle pattern, propelling the market upwards with a new extension. Currently, the market is trading above the 3700 level, indicating a strong bullish momentum presence. If price experiences a pullback to support level and downward trendline, I believe it may be an opportunity to buy as the market's upward trajectory is gaining strength. The recent update of swing highs and higher lows suggests a strong bullish momentum. On the weekly timeframe, a significant candle has formed, creating a large buying area from 3700 to 3000. Given the market's break of the range, I expect to see a pullback followed by an ABC correction and subsequent continuation of the uptrend. My goal is the resistance zone at 3930.00
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Lingrid | AUDCAD divergence at RESISTANCE zone. ShortThe price perfectly fulfilled my last idea. It went up and hit the target. FX:AUDCAD has recently tested the resistacne level and bounced back, indicating a strong defense of this key area. Notably, the price has also rejected the zone by absorbing liquidity above the previous higher high, suggesting a potential reversal. Furthermore, the daily chart is displaying a divergence at resistance, hinting that we might see a correction in the coming days. On the 4H chart, a long-tailed candlestick pattern emerged, indicating that bulls were heavily sold off, leaving us with a clear indication of market weakness at resistance. Given these factors, I expect that the price will break through the upward trendline and retest the support level, potentially leading to a reversal or consolidation. My target is support level at 0.90800
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Lingrid | EURUSD Possible Selling OPPORTUNITYThe price perfectly fulfilled my previous idea. It hit the target level. The market reached the resistance zone and then pulled back. FX:EURUSD is currently trading near the channel boundary, and I believe it's likely to break through it due to the significant sell pressure that has been building up from above. The price action has already taken out liquidity above the highs of the past three weeks, which suggests that the market may be poised to move lower. My expectation is that we'll see a two-legged pullback form, which would be triggered by a breakout of the channel. I expect a rejection of the resistance level, which would signal bearish dominance and provide a clear signal to sell the market. My goal is to support level around 1.08443
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Alikze »» ORDI| Return PRZ zoneIn the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time.
💎 But now a multiple compound correction has occurred as seen in the chart.
💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ area.
Therefore, two behavioral scenarios can be imagined for it in this range.
💎 First scenario: If it can break the current range upwards, it can grow to the specified areas of the next PRZs, which are important areas that can reverse the price.
💎 The second scenario or alternative scenario: But if a break cannot be made in this area and a candle closes above it, the second or alternative scenario will be the continuation of the correction to the next areas.
💎 In addition, if the neck line or the PRZ-1 area is touched, it can create an upward scenario that can re-enter the channel. I will update the post.
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Alikze »»STX | Ascending channel 1HIn time 1H, it is moving in an ascending channel.
💎 The last bullish leg after an unsuccessful break in the supply area of the previous wave has been corrected, which has extended to the green box.
💎 If the area is maintained, it can grow first to the middle of the channel to break the swing and then to the 2.24 range. In the future, it can continue this growth by maintaining the middle of the channel to the top of the channel.
💎 Alternative scenario: In addition, if the green box area is broken, it can continue the correction to the bottom of the channel and then to the range of $1.95.
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Lingrid | SOLUSDT long from RANGE zoneThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:SOLUSDT 's recent surge saw it break and close above the crucial 170.00 level, delivering a significant bullish signal. Moreover, the market is poised to breach the range zone, which could lead to a breakout. If the market moves above the previous resistance at 175.00 suggests a strong upward momentum. If the market pulls back to the broken level and rejects it, we can expect the current trend to continue, potentially leading to a retest of the resistance at 175.00. My target is the resistance zone at 188.50.
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Alikze → BNB | Upward wave 5 scenario Upward wave 5 scenario Or The end of wave 4 of erosion correction
In the weekly time, the current corrective wave, which is a 4-erosive corrective wave, according to the break of the 250 range, seems to have ended and it can be shifted to the support of the $313 range. Therefore, according to the failure of the current supply area and the dynamic trigger of any correction up to the Fibo area of 1.618 and the range of $313, it can be a pullback to continue the upward path for the specified areas. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 313 ~ 331
⛳️Tp 1:375 ~406
⛳️ Tp2 : 437 ~ 460
⛳️ Tp3 : 608 ~ 615
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Lingrid | GOLD sideways MOVEMENT. Short The price perfectly fulfilled my last idea. After the market broke through the resistance level, it made an impulsive move downward. OANDA:XAUUSD closed below the significant level of 2330 suggests a continued range-bound market until the New York session. However, if the price pulls back from the resistance zone and the upward trendline, I expect a potential selling opportunity. This is because the price has repeatedly bounced off this level in the last days, and the recent big bearish candle that broke through it is a clear indication of its importance. In this scenario, I anticipate the price to retest the equal lows. My goal is the previous support level at 2315.000
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CKBUSDT(Nervos Network) Daily tf Range Updated till 05-06-24CKBUSDT(Nervos Network) Daily timeframe range. its been stuck within 0.014592-0.019687 for a while now. staying above 0.014592 will eventually clear 0.019687. if that gets cleared till 0.025146 is open. for now needs to stay above 0.014592.
Lingrid | NZDUSD divergence at RESISTANCE zoneThe daily chart shows that market testing the resistance zone, a key area where a significant bearish move occurred. FX:NZDUSD has lost momentum in this zone, as evidenced by the formation of a divergence. On the 4H chart, candles are shrinking, indicating a potential slowdown in the market's ascent. Given this pattern, I expect the market to pull back from this zone as it becomes overextended. Specifically, if the price makes a fake breakout above the psychological level of 0.62000, it suggests that the market will make retracement from this zone. My target is a support level at 0.61500
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Hellena | SPX500 (4H): Short to support area 5165.Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction.
Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area of 5165.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold- Bears remain in controlFor almost three weeks now, gold has been trading within a range between 2325 and 2355, with spikes in these zones being bought or sold.
Yesterday, at the New York close, the price broke below horizontal support but reversed back above it during overnight trading.
Although both dips below support proved to be false breaks, the overall structure remains bearish.
My outlook remains the same: sell rallies, and only a break above 2365 would halt this correction of the long-term bull trend.
In conclusion, in the short to medium term, I remain bearish.
Lingrid | BITCOIN'S favorite trend CONTINUATION patternThe price perfectly fulfilled my last idea. BINANCE:BTCUSDT is currently squeezed within a triangular formation, with the price bouncing off the lower channel boundary and now testing the pattern. At this point, it's possible that the price will break out of the pattern and surge upwards towards the next level of resistance. However, an alternative scenario is that the false breakout of the support level and upward channel, that could shake out weak holders. Given the current situation, I expect the market to continue compressing and eventually break out upwards, potentially leading to a significant upswing. My goal is resistance level around 72000.
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Lingrid | BNBUSDT Ready for All-Time Highs? The price perfectly fulfilled my last idea. BINANCE:BNBUSDT has been consistently making higher highs on the 4H chart, and the market is currently testing its previous high. This development is significant, as the price has recently broken out of a triangle formation, a trend continuation pattern, and closed above it. The current price action is unfolding right below the previous resistance level on the weekly timeframe. If the price manages to break through this level, it's likely to propel BNB to new all-time highs. Furthermore, the weekly chart reveals an inside bar formation, which indicates that the market was heavily squeezed before the extension, and we're now seeing the price surge towards new extensions. My goal is resistance zone at 650
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Lingrid | GOLD Weekly PRE-MARKET ANALYSISAs May closed with a long-tailed monthly candle, it's now clear that we have two consecutive long-tailed candles, which strongly suggests that the OANDA:XAUUSD is struggling to stay above the key resistance level of 2400. This pattern is a significant indication that the market is likely to continue its downward trend. Furthermore, considering the seasonality indicator, which indicates that June is typically a bearish month, we can expect a bearish move in the near future. This combination of technical and seasonal analysis suggests that we should be cautious and prepared for a potential decline.
When we take a step back and zoom out, it's clear that the gold market is consolidating within a larger range zone. As we speak, the market is trending towards the lower end of this range. On the 4H chart, we can see that the market recently completed an impulse leg down, followed by a pause that lasted for week. This pattern suggests that there's a high likelihood that we'll see a second impulse leg develop in the near future.
I believe that the market may experience a prolonged consolidation period around the 2300 level before the underlying trend becomes apparent. On the daily timeframe, we may see a broadening triangle formation developing, which could be a sign of the upcoming consolidation. However, it's essential to remember that no one can predict with certainty what will happen next. As such, we must remain vigilant and adapt our approach as new information arises.
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Stacks / STX The price of Stacks is $0.76 today with a 24hour trading volume of 250 million dollars. This represents a 12% price increase in the last 24 hours and a 160% price increase in the past 14 days
Stacks is a layer1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful, including its security and stability. Stacks was initially funded by a range of prominent venture capital funds, including Y Combinator, Digital Currency Group and Winklevoss Capital. It was developed by Blockstack PBC, which has its headquarters in New York.
Next Stacks upgrade is slated for March 20th, with the larger Nakamoto upgrade planned for later this year. Stacks 2.1 can enable more efficient Bitcoin yield via Stacking, make bridges to other networks more robust, simplify the ways developers can link and trigger interactions between Stacks and Bitcoin, and lay some helpful groundwork for Subnets which can bring additional speed and scalability to the network when launched.
if you are scalper be careful because as you can see those shadows are huge and STX whales are ruthless , 0.65 is good support and opportunity for buying the dip or long
STX next targets are 0.81, 0.85 and 0.89$