Bitcoin has broken its downward trendline in the 1-hour timeframe, indicating a relative return of buyer strength. This breakout could lead to liquidity accumulation at higher levels. Potential Scenarios: Rise to Around $61,000: After breaking the downward trendline, Bitcoin might move towards the $61,000 range. This level could act as a liquidity accumulation...
WTI Crude Oil Futures Dip Amid Geopolitical Concerns WTI crude oil futures fell to $74.80 per barrel on Thursday, following a 2.8% increase in the previous session. Investors are concerned about potential retaliatory strikes by Iran against Israel, in response to recent assassinations of Hamas and Hezbollah leaders. Despite these tensions, Iran's president hinted...
Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000. If this reversal trend continues, we could see Bitcoin's price reach the...
ETH has potential to revisit $ 2,800 short-term, and what are seeing is a correction until that level, before southward movement sets in again. Strategy BUY @ $ 2,425-2,450 (keep in mind anything goes. Its erratic in nature), and place profit order @ $ 2,750 for now. SL according to financial stop.
We all saw the carnage yesterday. The range lows are lost, no matter how you draw them. We saw a decent bounce, but you almost always expect a 50% retracement of any dump as an immediate impulsive reaction. We are far from out of the woods. On the flip side, the price bounced nicely off support around $49,000, almost to the dollar on Binance. The wick down also...
⬆️Buy now or Buy on 0.00960 ⭕️SL @ 0.00830 (-29%) 🔵TP1 @ 0.01570 (+33%) 🔵TP2 @ 0.01960 (+66%) 🔵TP3 @ 0.02780 (+135%)
Hello traders After the collapse of the Japanese stock exchange and a significant decline in American stock indices, the SP500 index continues its downward trend to $5,000 levels A short-term sell signal has been formed at 5277. The index's further prospects are under strong pressure and the downward trend of the entire stock market.
Hello traders, According to the resistance of 18370, after the failure of this area, it can climb up to the range of 18727 and in case of strength up to the range of 19034 Otherwise, and the price will be rejected from the resistance zone, we can expect the price to drop to the range of 18038 and 17811.
The ETH/USDT weekly update shows a bearish breakdown below a key support level, with the price currently at $2,502.09. Ethereum is approaching an ascending trendline, a crucial support level. Failure to hold this level could cause the price to drop to around $2,000. Conversely, a bounce off this trendline could face resistance at the previous support level of...
GBP/JPY LONG TRADING PLAN The Inside Bar break up, and double-bottom has been formed at 4H chart. Therefore, we can Long GBP/JPY around 186.8 SL: 186.2 TP: 189.6
Hello traders, As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and...
Hello traders Yesterday, we overcame the $53,900-$55,400 zone in Bitcoin without significant obstacles, which may indicate the absence of a major seller. At the moment, we are trading within the framework of a sloping line. The movement that is developing now is quite weak, so we primarily expect a retest of the $52,000-$50,000 levels, with a less likely...
This commodity is in bullish trend after having a bullish divergence. I have waited for the symmetrical triangle breakout before entering into an instant buy trade (Market Execution). The analysis is done on an hourly time frame. The Signal is: EP: 74.40 SL: 72.459 TP1: 76.341 TP2: 78.282 RR: 0.25%
Hello traders, Bitcoin (BTC/USD) has reacted off the pivot and could fall to the 1st support level which is a pullback support. Pivot: 56,868.43 1st Support: 51,276.67 1st Resistance: 59,440.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
I believe BTC is going to test the lows around 50-51k one more time since it still lacks the strength and momentum from that small corrective move we have seen last hours. I actually would prefer a lower low around 48k on lower volume which would likely give us a nice bullish divergence on the RSI. From there we should see an attempt to break 56.5-57k which would...
Gold technical analysis Daily resistance 2445, support below 2401 Four-hour resistance 2425, support below 2401 Gold operation suggestions: Yesterday, gold reached 2364 and stabilized and rebounded. Finally, the gold price rebounded further in the US market and closed above the 2400 integer mark. The overall price finally returned to the 2400 mark after a wide...
Instrument: USOIL Position: Buy Entry: 73.23 1st Target: 76.10 2nd Target: 78.83 Stop Loss: 71.63 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 76.10, representing a significant resistance level where we anticipate a price reaction. The secondary target is...
My entry point is around the current price of 0.00879. I'm targeting the following levels for wave : - First target: 0.00861 at the 0.462 Fibonacci extension level - Second target: 0.00544 at the 0.618 Fibonacci extension level