Kenayi

Kenayi

Bitcoin (BTC) continues its downward trajectory, trading around $82,249 while remaining within a well-defined descending channel. This structure suggests that the market is still in a bearish phase, with price action consistently forming lower highs and lower lows. However, with the Relative Strength Index (RSI) nearing oversold levels, a potential short-term...

Kenayi

In our previous analysis, we projected a bullish trend for the U.S. Dollar Index (DXY), forecasting its strength to persist until it reached a critical "Area of Interest" (highlighted in pink on the chart). This area corresponds to a significant resistance zone near the 109.6–110.0 level, as marked on the chart. Current Observations: - The DXY has now entered the...

Kenayi

Ethereum Classic (ETC/USD) has broken out of a multi-year descending trendline, signaling a potential shift from prolonged consolidation to a new bullish phase. This breakout ignites optimism among long-term investors, suggesting that the long-awaited rally might finally be here. A Fibonacci projection highlights the 1.618 level at $274 as a key long-term profit...

Kenayi

The EUR/USD currency pair is navigating a critical moment, presenting an intriguing setup for traders and investors alike. For those looking to capitalize on the next big move, this analysis dives deep into the technicals, offering actionable insights while balancing education with practicality. But before we proceed, a quick disclaimer: trading always carries...

Kenayi

Litecoin (LTC), currently priced at around $90, is starting to look very promising to both retail and institutional investors. Many are looking at a 1.618 Fibonacci extension target of $650, which represents a potential upside of over 600% from its current price. This could make Litecoin a highly profitable asset for those considering an investment. Litecoin’s...

Kenayi

I do not have the time to fully break down this analysis at the moment, but I believe it clearly indicates the prevailing trend in this market. I'm confident that the market has either bottomed out or is about to. Stay vigilant

Kenayi

The recent analysis of the U.S. Dollar Index (DXY) reveals a predominantly bullish trend expected to continue through the end of August 2024. However, post-August, the DXY is projected to enter a bearish phase. Historically, a declining U.S. dollar has been associated with significant relief rallies in major indices and assets denominated in dollars. My DXY price...

Kenayi

Ethereum just flashed a bullish signal by breaking a key resistance as ssen on the chart

Kenayi

My answer to the question is YES. I believe my chart tells a very clear and precise story. BTC is currently trading at a key support level and i am of the opinion that prices will rally from here on. That said, the worst case scenario is a drop to 52k or 47k before a rally.

Kenayi

Cryptocurrency enthusiasts and traders alike have been closely monitoring Bitcoin's price action in recent times, and the battle between bullish and bearish patterns is becoming more apparent. In the world of technical analysis, two prominent formations are currently shaping the narrative: the Inverse Head and Shoulders (IHS) and the Head and Shoulders (HS)...

Kenayi

Channel Analysis is free and available to everyone. Use it

Kenayi

If this is the beginning of another bull market cycle, then watch out for this one

Kenayi

The along awaited short signal is final here. I can't be too bearish as this is only a bull market correction. Happy trading guys

Kenayi

Crude oil will likely find support at the highlighted zone below current price action.

Kenayi

Is Twitter a buy at current market levels? i don't think so

Kenayi

The British pounds is only months away from Parity with the US dollar. A 52 year pounds bear market is now on its most painful but final leg. Brace yourself!

Kenayi

One of those analysis you never share on social media platforms i guess.

Kenayi

The popular precious metal completed a 7 leg corrective move to resistance on Friday. I'm now expecting a strong rejection from this level to highlighted support as shown. Happy trading