Hello friends. According to the chart below, we see that the price is falling strongly after breaking the orange trend line (the lowest line) and pulling it back. The first support of this currency, which is considered very strong support and in a way, the most important support of this currency, is the green range ($15 range) that will most likely reach this area...
Ripple has now returned from the bottom of the descending channel and reacted to the resistance zone. The price is expected to move to the next areas after the defeat of the first resistance area and pull back to it.
Bitcoin forms a Symmetrical Triangle . There are 2 scenario prices for the future.
Scenario 1: Downward breakout causes the price of Bitcoin to fall to around $20,000 .
Scenario 2: Upward breakout will push the price up to the $50,000 range .
Gold has formed a Rectangle Pattern in the 4H time frame in a downtrend. With the break of this pattern, there is an expectation of continuing the downtrend to the areas specified in the chart. In my opinion, the downtrend will continue until it reaches the bottom of the channel and the specified Demand area, after which the long-term uptrend of gold will begin.
GBPJPY has reached the Supply zone. The candlestick pattern shows a full-body bearish candle to approve the bearish trend. I think the bearish trend is going to happen until it reaches the trend line.
In my opinion, GBPNZD has formed a flag pattern in the monthly time frame, which after its breakout and pullback to Break-Even Point (BEP), we will see a sharp drop in it.
