Get started

Technicalindicators

Will Ethereum Break $2,670? Key Levels and Market AnalysisAlright, ladies and gentlemen, we're looking at Ethereum Coinbase 4-hour chart. As you can see, it's been hovering around the 0.786 Fibonacci level for a few days, but it has faced multiple rejections today. The market buyers are present, but moderately so we need more buying pressure to push Ethereum above that 0.786 level. If Ethereum can break through, we could see it rise all the way to $2,670. Now, will ETH break $2,670? That depends on several factors : Volume and Buying Pressure : ETH needs strong buying momentum to break resistance at $2,670. Watch for an increase in volume, particularly during a breakout attempt, as it suggests investors are confident in the upward move. Overall Market Conditions : Broader market sentiment, such as Bitcoin's performance or movements in traditional markets, can heavily influence ETH. A favorable macroeconomic environment, like continued Fed rate cuts, could push crypto higher. Technical Indicators : ETH staying above key levels like the 0.786 Fibonacci or significant moving averages would improve its chances of testing and breaking $2,670. Macro Events : Regulatory news or unexpected developments in the crypto space could either fuel a rally or hinder progress. If buying pressure builds and ETH breaks through resistance, it could surge past $2,670. However, if it gets rejected again, we might see a drop back down to the $2,400 area. Let’s stay tuned and see how this plays out. Please hit that like button for more updates!
COINBASE:ETHUSD
by CryptocurrencyWatchGroup
PriceAction StrategyIn this chart we are focusing on 1h time frame for EURUSD currency pair. In this analyze we are using price action concept along with support and resistance. So here we have two conditions. 1: If price break the consolidation or ranging area toward upside than we will go for buy. 2: If price break the ranging area toward downside than we will look for sell. So wait for price when price give us clear breakout than after confirmation we will execute our trade. Always use proper risk to reward ratio for your trade.
by Bullionbuzz
“Nasdaq's Target is 19,500”Today, there is an expectation of a 25 basis point rate cut in the Fed meeting. By the end of the year, a total rate cut of 100 basis points is almost certain. This situation leads to a positive risk appetite being effective on the indices. On the U.S. side, retail sales increased by 0.1%. Meanwhile, industrial production in the U.S. pointed to a positivity exceeding expectations with a 0.8% rise. Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
NASDAQ:NDX
by primequotes
Brent oil trend moving down or up?Amid supply concerns in the markets, oil prices, which had dropped to the $69.30 level, saw a notable rebound. The American Petroleum Institute reported a 1.9 million barrel increase in weekly crude oil inventories, while a slight decrease is expected in the official crude oil inventories to be announced in the U.S. today. In the U.S., strong expectations remain that the Fed will cut interest rates by 25 basis points today. Therefore, despite the positive risk appetite, Brent oil prices have continued to trade with a bearish trend below the $73.00 level. Technically, if the 72.35 support level is broken, further declines toward 71.50 and 69.30 are possible. On the upside, if the 73.0 resistance is surpassed, buying momentum could accelerate toward the 74.30 and 75.50 resistance levels.
TVC:UKOIL
by primequotes
“The EUR/USD target is 1.11500”Last week, the ECB cut its interest rate by 25 basis points, in line with market expectations. ECB President Lagarde did not make any commitments for October but indicated that rates are on a downward path. As a result, pricing in favor of the Euro strengthened, with the EUR/USD pair reaching the 1.1130 level. As the new week began, the pair faced mild selling pressure but maintained prices above the 1.11 level. From a technical perspective, if the upward trend continues and the 1.1150 resistance is broken, the next resistance levels to watch are 1.1190 and 1.1275. On the downside, if pricing drops below the 1.1115 level, 1.1045 and 1.10 could act as important support levels for further declines.
by primequotes