Lingrid

Lingrid

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...

Lingrid

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....

Lingrid

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...

Lingrid

The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has moved higher, breaking above the triangle pattern. The price is currently testing the weekly high at 2665, which I mentioned yesterday. It has bounced off this level and may be forming a double top in this area. I believe the market could form a small ascending channel with bearish...

Lingrid

The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD currency recently made an impulsive move, breaking through the significant level at 1.03000. On the 1H timeframe, the market formed a long-tailed bar, indicating buying pressure or a potential pullback. I anticipate that the market to roll back towards the resistance zone marked by...

Lingrid

OKX:TONUSDT market is currently moving sideways, oscillating between the 5.00 and 6.00 levels. Recently, the price tested the 6.00 resistance zone as well as a downward trendline before bouncing back. At the same time, the market has consistently bounced off the support zone just above the psychological level at 5.00. Looking left on the chart, we can observe...

Lingrid Updated 

OANDA:XAUUSD moved higher and is currently testing the previous week's high. It has broken out of the consolidation zone, and notably, the price has also broken and closed above a trendline that acted as a resistance zone for more than three weeks. I believe the price is targeting a retest of the weekly high at 2,665. However, I anticipate that the market may...

Lingrid Updated 

The price perfectly fulfilled my last idea. It hit the target. FX:EURCAD market is currently moving sideways. On the daily timeframe, the price recently reached a strong resistance zone and then pulled back after creating a double top. Following five consecutive bullish weeks, I believe the market is due for a pullback. I anticipate that the price will reject...

Lingrid Updated 

The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD market fell and reached the weekly level. It broke below the upward trendline and then continued to move lower. Essentially, the price action formed a descending triangle pattern before dropping, presenting a trend continuation opportunity. I believe the price will break below the weekly...

Lingrid Updated 

OANDA:XAUUSD market dipped below the 2600 support level before bouncing back to test the resistance zone. It also broke and closed below the upward channel. Now, the price is near a swap zone where it has changed direction multiple times. I think the market will keep pushing down from here and will likely retest the recent support level. Since the price has...

Lingrid

The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD made a downward impulse move, creating a large bearish candle. The market is currently consolidating, providing an opportunity to take advantage of its sideways movement. It is rolling back towards a resistance zone and an upward trendline. Looking left, we see that the price has bounced...

Lingrid

BINANCE:SUIUSDT is currently consolidating after reaching the psychological level at 5.00. It’s been moving back and forth, forming lower highs while bouncing off the trendline. The last two weeks of December and the first two weeks of January were characterized by sideways movement last year, and it appears we may be experiencing a similar situation now. It’s...

Lingrid Updated 

Last week, FX:EURUSD bounced off the resistance zone at 1.04400 and moved lower, but it didn’t have enough bearish momentum to keep going down. Instead, it returned to the level it was at the previous Monday, creating an equal high. I believe the market will push a little higher before pulling back and continuing its bearish move. However, since many markets are...

Lingrid Updated 

OANDA:XAUUSD market spent another week in the consolidation zone, oscillating between key levels before bouncing off 2630 and pulling back. During the holiday-shortened week, trading volume was naturally reduced, and the market is now testing a crucial support level. The current market structure suggests a slightly bearish sentiment, particularly after breaking...

Lingrid

BINANCE:BTCUSDT is forming a complex ABCD pullback. The price continues to stay below the key level of $100,000, and it has created a range zone with equal lows. Notably, there is a structure shelf around $91,000, where the price has consistently bounced back. On the weekly timeframe, we've seen a bearish long-tailed bar, suggesting that the price may retest...

Lingrid

As we approach 2025, we find ourselves in a dynamic trading landscape, shaped by shifting geopolitical and economic forces. To thrive in this rapidly evolving environment, we need more than just a solid grasp of technical analysis; we must cultivate our mental toughness, sharpen our strategic acumen, and remain adaptable. Whether you’re a beginner or a breakeven...

Lingrid

The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:WIFUSDT has pulled back significantly from $4.00 level, showing a 65% correction. The price is currently testing the support zone below $2.00 and the boundary of the channel. Given this steep correction, I believe it may be a great opportunity to buy. I expect the market to rise after...

Lingrid Updated 

OANDA:XAUUSD is still moving sideways after the recent bearish move. It is currently testing the resistance zone where it previously dropped after breaking through the upward channel. The last daily candle is a small-range doji, indicating indecision. On the 1H chart, the price action is forming a bearish wedge pattern, which is typically a continuation pattern....