USDJPY is consolidating and showing signs of reversal as the DXY pauses its rally. An inverse head and shoulder pattern is forming on the 2H timeframe, which typically is a bullish reversal pattern. However, we would need a 2h candle close above 151.4 to confirm this reversal with a price target of 152.8. Note that US non form payrolls and unemployment rate...
Certainly, let's analyze the chart pattern you provided. **Chart Pattern:** The chart displays a bullish flag pattern on the 4-hour timeframe for the Chainlink (LINK) / TetherUS (USDT) pair. **Key Elements:** * **Bull Flag Structure:** The chart shows a sharp upward move (flagpole) followed by a consolidation phase (flag) within parallel trend lines. This...
Bitcoin is showing weakness in bullish momentum, with a confirmed bearish divergence in the RSI on the Daily, 12H and 8H timeframes. The bulls will need to defend the 98,600 level to maintain bullish momentum. If the bulls are able to defend the 98,600 level, we could see a price movement up to 110,000 to 112,200. In order for this to happen, the RSI will have to...
Gold has been selling off for 12 days straight and has now retested September high, which is a critical support level. At this level it looks like the bears may be losing momentum and we may see a relief rally back to 2640 levels as the RSI just confirmed a bullish divergence on the 4H timeframe. Failure to hold this level could lead to further selloff to...
Gold seems to be loosing momentum here with this emerging bearish divergence on 8h TF. RSI is massively overbought at 85 level on daily TF. My outlook on this is hold and expect a possible sharp correction to the downside following fed interest rate announcement on Wednesday. Trade cautiously and be safe
Will SOL breakout of this symmetric triangle and give us a 20% pump? Let's wait and see!
We are forming a bull flag on the 3D and a bullish pennant on the 4H with a technical target of 56%. Looks like BTC want's to keep dominating the market for a little longer. will the Alt season be delayed until late summer ?
A Successful retest is ken for ETH reaching 2200 target and breaking previous resistance. This imo will start the alt season offically
Looks like the bulls are ready to take control. A daily candle close will set us up to break the 32k resistance. Let's see how we close this week
WOO jut broke out of a symetric triangle and had a successful retest. This can also be seen as a W pattern in the hr chart. If we can close a 4h candle in the next hr above 0.3, my expected profit target will be around 0.36 to 0.385
QNT/USDT Breakout from a semetric triangle to continue bullish momentum. Potential 22% to 28% to the upside on this breakout
Looks like BTC is being resisted at the 0.618 fib level and headed for a retest of the 20,200 to 19,800 level before we move higher.