Lingrid

Lingrid

BINANCE:NOTUSDT continues to bounce off the 0.056000 support level, with the price testing this zone three times. This has made the zone below more attractive for potential testing of liquidity. Furthermore, the price trades above the psychological level at 0.050000, which could strengthen this level as a support. The market decline of -82% from its all-time...

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The price perfectly fulfills my last idea. It reached the target level. OANDA:XAUUSD market is making higher highs, but it appears to be lacking momentum, as these highs are not particularly strong. It seems that the price has reached the resistance zone, potentially setting the stage for a drop after the NFP is released. If the market rejects the resistance...

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FX:GBPCAD market is currently ranging near a major resistance level after bouncing off a support level. It has also broken through the psychological level at 1.78000. I believe the market might form an ABCD pullback toward the resistance zone then continue moving lower. Given that the prevailing trend is bearish on the current timeframe, it's possible that prices...

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OKX:TONUSDT market continues to test the psychological level at 5.00, having bounced off this level multiple times in the past. Currently, the price is forming a descending triangle pattern, characterized by lower highs and relatively equal lows. I believe that if the price breaks and closes above the downward trendline, we could see a surge in the market....

Lingrid Updated 

The price perfectly fulfilled my last idea. It hit the target zone. OANDA:XAUUSD formed equal highs and is currently hovering around the 2650 level, which is a crucial point where it will decide whether to move higher or lower. However, considering that the market has been making higher lows, I think the price may retest the area above the equal highs. Looking...

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The price perfectly fulfilled my last idea. It hit the target zone. The overall trend for FX:AUDCHF remains bearish, particularly after recently bouncing off a resistance zone following the formation of a head and shoulders pattern. Additionally, the market has broken below the previous day's low after a daily long-tailed bar, which indicates rejection of...

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The price perfectly fulfilled my last idea. It hit the target level. BINANCE:ETHUSDT is currently pulling back towards a support level and the upward trendline that has been respected multiple times before. The price is consolidating above the psychological level of 3000 which might be an accumalation phase. As the market approaches the previous month's low, I...

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BINANCE:TRXUSDT market experienced a sell-off but has recently moved sideways. Currently, the entire market is undergoing a sell-off, with prices trending lower. The price has broken below last week's low and is now approaching a support level where it has previously bounced back twice. The price has respected the downward trendline on several occasions, and...

Lingrid Updated 

Let's take a look at the annual chart of OANDA:XAUUSD . Here, we can observe that the yearly candle has a small wick and has rebounded off the upward trendline. From a purely technical analysis perspective, the price has hit a significant global trendline, which may act as a strong resistance zone and lead to a potential price rebound. However, the market did...

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OANDA:XAUUSD market bounced off the entry area I highlighted in my previous post. It initially took liquidity below the previous day's low before moving higher. A long-tailed bar has formed on the daily timeframe, suggesting the potential for a breakout above the high of the previous week. If we see a rejection at a support level, we can anticipate a bullish...

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FX:EURUSD market surged, closing above the 1.03500 level. It then pulled back into a range zone, where it has been moving sideways for the past two weeks. Currently, the price is testing the high from the previous week. I believe the market may either move lower or remain within the range of 1.03500 to 1.04500 before the next significant movement occurs. On the...

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The price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT market is currently consolidating above the key level at 700, indicating a potential accumulation phase. Given that the price has been forming higher highs and higher lows, there is a bullish sentiment developing. The recent break and close above the previous weekly highs further...

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BINANCE:PEPEUSDT has been in a consolidation phase for over a week. Recently, it broke out and closed above this zone, reaching levels above 0.00002. Now, it's pulling back to retest that consolidation area. The price has been following a downward trendline, and if it rejects that trendline again, we could see a bullish move. On the daily timeframe, the price...

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BINANCE:ETHUSDT is currently forming a triangle pattern following the recent sell-off. Price is moving sideways below the key level of 3,500. This price action is becoming narrow, which is typically a lead to a breakout. While it seems logical to anticipate an upside breakout, I think it may actually turn out to be a bullish trap. I expect the price to fall by 5%...

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FX:EURUSD market is currently pulling back toward the resistance zone, which may present an opportunity for trend continuation. The overall trend remains bearish, supported by bearish momentum in the market. The December monthly candle closed very bearish. Given this context, I anticipate that the market will continue to push lower. If the price provides a clear...

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BINANCE:BTCUSDT market broke through the downward trendline. Following this breakout, the price has moved higher toward the psychological level of 100,000. On the weekly timeframe, the price closed with a bullish candle after two consecutive bearish candles. Currently, it is testing the area above last week’s high. I believe the market may form a pullback toward...

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Almost every book on trading psychology emphasizes that trading is a challenging endeavor requiring continuous improvement of knowledge, self-education, and patience. From the very start, a novice trader often adopts a mindset rooted in the belief that "the more you work, the more you earn." However, this mindset can lead to a trap that many traders fall into....

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BINANCE:AVAXUSDT market has formed a double bottom on the daily timeframe and has been moving sideways below the psychological level of 40.00. Recently, the price rebounded from the channel border, suggesting a potential upward movement since the market has undergone a 38% correction from its previous high. I anticipate a breakout from the current consolidation...