Lingrid | SOLUSDT range BREAKOUTRecently, BINANCE:SOLUSDT broke out of its range zone and surpassed the 155 level, indicating a significant bullish signal. This breakout is even more impressive given that it has been consolidating within a narrow range for the past month. The market's ability to break through its previous week's high suggests a potential upward momentum. Yesterday's close was particularly strong, with a large bullish bar forming, indicating a buying pressure. If the market to pulls back to the broken level and rejects it, we can expect the current trend to continue. My target is the resistance zone at 175.
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Lingrid | NZDUSD short from RESISTANCE zoneThe market's correlation with EUR is evident, and FX:NZDUSD is currently testing a key resistance zone on the weekly timeframe. The momentum has stalled in this area, with candles displaying a contraction. This zone has been tested multiple times in the past, each time resulting in a lower price action. Given the market's overextended state, I expect a pullback from this zone. Furthermore, we have a recent two-legged move upwards. Usually this type of move leads to correction. My target is the support level at 0.60510.
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Lingrid | GOLD Correction followed by New EXPANSIONThe price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, OANDA:XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the market remains above the key support and trendline, I think there is a potential retest of the strong resistance at 2400. I expect a correction to the support level where the impulse movement originated, and then look for buying signals. My goal is the resistance zone around 2385
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Lingrid | AUDUSD trend CONTINUATION formationThe price perfectly fulfilled my last idea, and it went down to support level and hit the target. FX:AUDUSD has broken through the triangle formation, a classic trend continuation pattern, and it is now making higher highs and higher lows. The market is persistently testing the resistance zone at 0.66500, and I think it's only a matter of time before it's breached. I expect a pullback to the range zone or triangle pattern, followed by a continuation of the current trend. The daily timeframe shows a bullish long-tailed bar, which suggests that the price will continue to rise. My goal is the resistance zone at 0.67200
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Alikze »» LPT | Ready to correct up to the support zoneIn time 1h, it is moving in an ascending channel, which is currently in the specified supply area, and has tried to break the range twice.
According to the structure, it can have a correction up to the green box area.
💎 In addition, if it meets the demand and can break the area, it can continue the route to the roof of the channel.
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Lingrid | BITCOIN inverse HEAD and SHOULDERS patternThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT is currently forming an inverse head-and-shoulders pattern, indicating that the market is still in a consolidation phase. The price is currently ranging below the channel's upper border, which I believe is a sign of accumulation. This accumulation will likely lead to a breakout and a subsequent bullish move. In the meantime, I expect the price to remain above the key support level of $60,000. There is a possibility that the market may attempt to seek liquidity below this support level, but I think the most reliable confirmation of a bullish trend would be a long-tailed bar extending from the support level and trendline. Before an upside breakout, I expect the market to move sideways for a period. My goal is resistance zone at 67200.
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Lingrid | BITCOIN Best TIME to BUY. LongBINANCE:BTCUSDT experienced a drop from the resistance level, tested the support level, and rebounded successfully. The market continues to find support within the range of 60000 to 61000. Currently, the market is moving within a descending channel, but I believe it will break out and move upwards as the overall trend is bullish. There is a consolidation zone forming just below the channel boundary, indicating a potential breakout. I anticipate a pullback towards the support level, followed by an upward movement breaking through the trendline and the descending channel. Breaking out of the channel will confirm the continuation of the bullish trend. My target is the resistance level of 67500.
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Lingrid | BNBUSDT LONG afre fake Trendline BREAKOUTBINANCE:BNBUSDT remains in a consolidation phase, as evident from the daily timeframe. The price has been oscillating between 515 and 615 levels, testing the upward trendline that emerged after the recent range breakout. Following the price's rebound after respecting the upper boundary of the downward channel, we've seen a significant daily bearish candle indicating a sell-off. I believe that the market may break through the trendline and move down towards the bottom of the giant consolidation zone. If the market shows a false breakout of the support level, we can look for buying opportunities. My goal is the resistance zone at 597
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Lingrid | EURUSD Higher CLOSES. Potential BULLISH moveFollowing the news, FX:EURUSD has rebounded from a support level and is now making its way towards the next resistance zone. On the weekly timeframe, we're seeing a bullish bar that broke through the previous two weeks' high, indicating a potential upward trend. This break above the key zone of 1.08000-1.08200 suggests that the price may continue to rise. As you can see, the price has not only broken above the range zone but has also closed above it, which typically acts as a strong support level. With this momentum, I'm expecting an upward move towards the strong resistance level. However, it's essential to keep in mind that today's news releases can potentially alter the market's direction in either direction. My target is the resistance level at 1.08520
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Lingrid | AVAXUSDT long from the bottom of the RANGE zoneThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently testing the bottom of this range, which suggests that it may be poised to move up to the top of the range. On the daily timeframe, we can observe that price action has created a few doji candles, indicating a loss of momentum as it approaches the support level. I think that the price may drop slightly before establishing new higher lows. My expectation is that the price will retest the middle of this significant consolidation zone, which has been respected many times in the past. My goal is the resistance zone around 36.
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Lingrid | GBPAUD trend CONTINUATIONThe price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, characterized by a series of lower lows and lower closes. FX:GBPAUD broke through the significant level of 1.9000. Currently, the market is consolidating around this level, with a notable resemblance to its previous price action. Looking left we can notice that the market formed a range zone before taking out liquidity above the trend continuation, indicating a potential similar move. I expect the market may replicate this pattern, breaking above the previous week's high and subsequently initiating a bearish trend. My goal is the support the level at 1.88230
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PEPEUSDT(Pepe) Daily tf Range Updated till 14-05-24PEPEUSDT(Pepe) Daily timeframe range. while other alts taking a hit, its on fire. right at the door of price discovery. beyond that got good chances. 0.00000999 a healthy close above this will determine the breakout. recent support is at 0.00000632.
Lingrid | EURUSD ranging MARKET. Potential BEARISH moveThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement as summer approaches. Looking at the FX:EURUSD chart, we can see lower highs and higher lows forming a triangular pattern. And the market is currently testing the key resistance at 1.08000 and the channel boundary. On the weekly timeframe, there is an inside bar formation, indicating potential for a fake breakout of the previous week's highs or lows that can lead to momentum. If the market breaks and closes below the previous week's low, we can anticipate a move to lower levels. My target is the support level around 1.07000.
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BIDU Baidu Options Ahead of Earnings If you haven`t bought the dip on BIDU:
Then Analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 120usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.47.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | ETHUSDT downward CHANNEL BreakoutBINANCE:ETHUSDT has broken and closed above the downward channel, marking a bullish sign. After forming a consolidation zone, it temporarily made a fake breakout before taking liquidity below the 2900 level. Currently, the market seems to be heading towards the key resistance level at 3000. I think that the market is prepared to break and close above this resistance zone. Notably, the market has also surpassed the previous two-day high and absorbed the range zone. I expect a potential rollback to the support level before moving upwards towards the key level and potentially reaching the previous week's high. My target is set at the resistance level of 3100.
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AUDNZD:🔴Sell opportunity🔴The price hit the HTF supply zone and had a bearish reaction, creating the buy-side liquidity alongside the bearish FVG in the premium, so we can expect the price to hit the bearish FVG and collect all the buy-side liquidity and then come down for sell-side liquidity.
In this scenario, I like to see speed when the price sweeps the liquidity above the old high.
As always, we need LTF confirmation to enter a sell position.
💡Wait for the update!
🗓️13/05/2024
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Lingrid | GOLD Weekly Pre-MARKET AnalysisThe descending triangle pattern played out perfectly in the my last weekly forecast. The OANDA:XAUUSD market has had a strong rally on the last 2 trading days and looks poised to continue consolidating in the range. The support level at 2300 remains a key level, with bulls likely to step in on any pullback. Next week attention will also be on the resistance zone just above 2400, with a potential break above signaling a move towards 2500.
The price has broken through and closed above the key zone of 2340-2350, which has been consistently respected in the past. This area can be seen as a pivotal swap zone. Analyzing the daily timeframe, we can observe a strong bullish candle forming near this level, highlighting its importance as a support area. As we look ahead to next week, I expect some consolidation below the upper border of the channel. The price was unable to close above this boundary on the 4H timeframe and has reached the Fibonacci 61.8% golden zone. These factors suggest that the market may need some time to gather momentum before potentially making a move.
I think that monetary policy decisions are expected to drive gold higher in the long run. While some noise and pullbacks may occur, the overall momentum suggests that the market will eventually push higher.
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Lingrid | AUDNZD long from the SUPPORT levelFX:AUDNZD has broken through the range zone and has created new extensions. It is currently hovering around the key level of 1.1000. The market appears to be in an accumulation phase, suggesting a potential upside move that could result in new highs. As the price consolidates, I anticipate a pullback to a support level followed by an upward move to retest the recent highs. It is likely that the market will reach the resistance on the daily timeframe. My objective is to reach the resistance zone at 1.10070.
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