Hi, Bitcoin (BTC) is in a holding pattern, causing market anxiety as participants anticipate a potential "short squeeze". Economic factors, including upcoming Fed minutes and mounting US jobless claims, contribute to market uncertainty. Key points: Bitcoin's price is stagnant, leading to market nervousness and speculation about a potential short...
Hi there, Ethereum is currently going up with potential for further gains if it remains above 2600.00. The bias is 3421.31, with one price target of 3082.44. Happy Trading, K. Not a trading advice.
HI there, WTI has the potential to reverse from the 69.95 area and turn bullish up to the 78.82 highs. 76.01 is the price target. If the price drops below 68.00, it will invalidate the setup. Happy Trading, K. Not trading advice.
Hello there, The gold trend is generally bullish in higher time frames; however, this week's candle appears to be in an exhaustion phase, potentially represented as either Wave 3 or Wave 5 of the Elliott Wave. The price has the potential to drop in the 1-hour time frame, with two price targets biasing toward 2678.14. Happy Trading, K.
Hello, USDZAR has the potential to drop on the H1 chart with one price target and a target zone towards a directional bias of 17.950. If the price goes above 18.76289, this will cancel the setup. It's a high-risk setup; monitoring will be required. Happy Trading, K.
Hi there, BTC has been making surprising moves lately, seeming to head in one direction when it's not. We'll give it a last look. We have a complete ABC-D pattern. (E) is always shorter than (D), but (F) is the longest wave. (F) to (G) is the longest and most unpredictable wave, which is where we are now. Inside the box, the range between 98,239.23 and...
Hello Traders DOGUSDT appears bearish on the daily chart, followed by the 1-hour time frame. The price might pulse up, but it is not clear if this will develop into bullish momentum. Currently, the price appears to be ranging between 0.003898 (low) and 0.004939 (high). For that reason, the 0.004033 level is significant. The price is bearish towards 0.002586,...
Hello there, EURGBP appears bullish on the M30 chart, with two price targets requiring monitoring. Happy Trading K
Hello there, XRPUSDT appears bearish on the H1 chart, but it will require monitoring since there is a strong bullish sentiment on the daily chart. We have two open demand areas, with the 2.8 area being unclear for now. Happy Trading K.
Hi there, XAUUSD has the potential to fall for a retest and then experience a bullish pullback. There are two price targets with a bias of 2747.854. If the price falls to reach the support level, that could potentially change the setup. Happy Trading, K.
Hi there, The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D. The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be...
Hello there, GU needs to break below the significant low area of 1.28 for the bearish momentum to continue, with the first target set at 1.26723 and a bias towards 1.25772. Happy trading! K. Not trading advice.
Hi there, EURUSD appears bearish on the H1 chart, with two potential targets marked by the green lines, with a bias of 1.03327. The current low of 1.04936 needs to be broken, or the high of 1.05543 must hold to support the lower high of 1.05378. Monitoring will therefore be required, and this may take some time. Happy trading! K.
Hi there, BTCUSD on the H2 chart needs to break the trendline marked as "trendlinex," which indicates bullish pressure attempting to reverse the bearish momentum significantly. The target is 88,103, for a bias of 83.917. Happy Trading, K.
Good morning, The J200 looks bullish on the H1 chart, but it is within a consolidation area, so some caution regarding momentum behaviour is needed. The price has two significant resistance levels: 77302 and one within a resistance zone at 78148.95. There is also an ABC pattern that does not align well with my Elliott Wave count, suggesting that there might be...
Hello there, Gold is trading on sentiment and needs to break the trend line shown as X-Y. Once the trend line breaks and momentum is confirmed, the price will have a targeted bias area of 2440. There is bullish pressure present, but it is misleading because bulls will need to break above 2675.53 for clarity. Overall, the trend is bearish with the potential for...
Hello and good morning! The BTCUSDT outlook today: BTCUSDT looks bearish on the H2 chart, with a potential target zone around 88767.25 and a bias towards 82500. We have a supply zone at 97500, with bearish pressure at (C) resistance. If the price breaks through this level, it will nullify the setup. Additionally, above 100846.57 would be the ideal point for...
Hello there, XRPUSDT appears bullish on the H1 chart, with a likelihood of a minor retracement before moving upward. Price targets are 2.98 and 3.13 Happy Trading, K. Not trading advice.