After breaking out of the sideways channel, gold shows a strong upward trend. Currently, we observe consolidation near a key resistance level with the potential for either an upward breakout or a pullback. Key levels: • Buy Stop: 2769 EUR • Sell Stop: 2731 EUR Possible Scenarios: 1. Breakout Upwards: If the price consolidates above 2769 EUR, we may see a rise...
The chart shows the formation of a symmetrical triangle after a sharp price drop. This typically signals a potential breakout in one direction. Key levels: • Support level: $321 • Resistance level: $339 Possible Scenarios: 1. Breakout Upwards: If the price consolidates above $339, we could see a rise towards the $370-$390 range. 2. Breakout Downwards: If the...
On the 4-hour chart (4H) of ATOM/USDT, we observe a symmetrical triangle formation, indicating a potential breakout after consolidation. The market structure suggests a higher probability of a downside breakout, given the prevailing downtrend. However, if buying pressure increases, we might see a breakout to the upside. Optimal Strategy – Two Pending...
On the 4-hour chart (4H) of ADA/USDT, we see the formation of a symmetrical triangle, which typically indicates a phase of consolidation before a strong breakout. In this case, the triangle has formed after a downtrend, increasing the likelihood of a breakout downward. However, there is still a chance of an upward breakout if the market gains momentum. Optimal...
Gold (XAU/USD) is currently consolidating within a triangle pattern, which may lead to an impulsive breakout. Based on technical analysis, the best strategy is to set two pending orders to capture movement in either direction: Buy Stop above 2826 – if the price breaks this level and holds, an upward move is expected. Sell Stop below 2802 – if the price breaks...
After a sharp decline, AAVE/USD is showing signs of recovery, bouncing from the 250.00 support zone. If the price holds above 262.55, a further move upward is likely. Technical Analysis: • Key support: 250.00 – a level where buyers stepped in. • First resistance: 275.00 – initial target upon breakout. • Second resistance: 290.00 – next level to watch. •...
The GBP/AUD pair is in a strong uptrend after a previous decline, and the price is now forming a symmetrical triangle, which is a continuation pattern. If a breakout occurs to the upside, further growth is expected. Technical Analysis: • Triangle Pattern: The price is consolidating within a tightening range of support and resistance. • Key Level: 2.01100– a...