BTC is showing some exciting signals as it bounces back from the previous low, hinting at a potential reversal in the making. The strong support at the 761.8% Fibonacci level is a clear bullish confirmation! 💪 If we can avoid a new lower low, the sky's the limit for Bitcoin! Get ready for some fast and furious gains coming our way.
CTKUSDT has respected the previous low, forming a potential double bottom. Now the probability of an upside move has increased significantly. We are long...
Today we say the break above the downtrend trendline, and this is after the uptrend trendline has been respected. HH and HL pattern validates an uptrend and we should continue the price journey north. A little pullback is healthy, and this is where we'll go for our long position.
We are potentially seeing a double bottom formation on AUDNZD and considering that price is near 88.6% Fibonacci support, which could be the point when the trend reverses to the upside.
For over a week SFP price has been hovering near the 61.8% Fibonacci retracement level. Buyers remain in control and therefore we expect quite a strong uptrend in the days to come.
USDCNH is still trading within the ascending channel, which validates the uptrend. It is possible that the price will break below, for as long as it holds, expect a short term rally.
NEM has broken above the wedge pattern, indicating bullish intentions. The current price action looks promising and we could see a short-term demand. However, for this scenario to play out, it's essential to avoid a new lower low (LL).
We can see that the demand zone has been respected, which adds to a probability of an uptrend. If the support area holds, expect a short term rally very soon.
Love the fact that COCOS has managed to drop back down, and now retesting the critical buy zone. Clearly, this could be a massive area of interest for buyers, and it is an area of interest for us. We are buying COCOS right now, with a small risk, but high probability setup.
The USDJPY 4-hour chart has just closed right at the key 61.8% Fibonacci support level, which is a bullish signal in itself. Additionally, the uptrend trendline is holding steady, adding further weight to the bullish case. However, to confirm this potential uptrend, it's important that the price remains above the current demand zone. If this is the case, we could...
On the recent strong pullback, STG has respected the previously formed demand area. This validates the uptrend, and price is likely to continue rising towards the VP resistance.
DARUSDT has started to show new highs, suggesting that the sentiment is shifting toward bullish domination. This could also be the beginning of a major growth.
For EURNZD there is much more upside potential in the long run. However, after the recent rally, a pullback would be quite healthy. The price should be aiming for the 61.8% Fibonacci retracement area, before/if the uptrend continues.
Apple remains within the ascending channel, and right now trading at the bottom of it. This is a great RR buying opportunity, especially considering a strong long term bullish trend.
After price found the support at 61.8% Fibonacci retracement level, we could see quite a strong demand. Right now price has corrected down, offering yet another opportunity for buyers.
After breaking above the triangle, the probability favors the short-term uptrend. We have a buy limit order, slightly below the current price.
After an expected pullback, we are re-entering the XMRUSDT long as it offers a much better risk/reward opportunity.
The recent pullback on Digibyte may have increased the probability of an uptrend swing, but it's important to approach with caution. Our original entry was much lower, but we're sharing this analysis in case you missed the opportunity.
