Lingrid

Lingrid

FX:USDCAD is currently moving sideways after a bullish trend that began in September. It has encountered a strong resistance zone that was established in March 2020. Therefore it’s possible that the price may consolidate for an extended period following such a strong upward move. At present, price action is trading within the range established in the previous...

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The price perfectly fulfilled my last idea. It hit the target. OKX:TONUSDT is currently showing a pattern of lower highs and higher lows, indicating that price action is narrowing down, which often suggests a potential breakout. As observed, the market is oscillating between the 5.00 and 6.00 levels, having taken liquidity below the psychological level of 5.00...

Lingrid

The price perfectly fulfilled my last idea. It hit the target. FX:AUDCAD recently made a bearish move by breaking out of the consolidation zone. The price has now reached a demand zone where it previously surged. Additionally, the price action has formed a descending channel along with a bullish divergence, indicating that the bears are losing momentum. On the...

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Over the past month, BINANCE:XRPUSDT soared to the $2.00 mark. Since then, the price has been fluctuating around this level. On the daily chart, it's moving sideways and forming a triangle pattern. While this pattern often signals a continuation of the trend, I think the price may dip below the key $2.00 level to take liquidity. This could create a good buying...

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OANDA:XAUUSD market is slowing down as it approaches the channel border and the resistance zone where the previous fake breakout occurred. The price continues to bounce off the upward trendline, but if it breaks and closes below this trendline, it would confirm the formation of a bearish flag pattern, as I highlighted yesterday. There is also the potential for...

Lingrid

The price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a price reversal after completion. I think we will see short term...

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BINANCE:BNBUSDT is showing strong bullish momentum on the daily timeframe, consistently making higher highs. Meanwhile, on the 4H timeframe, price action shows a sideways movement following a surge that broke out of a prolonged consolidation zone. The price is forming a bullish flag pattern which suggests that this could be a continuation of the upward trend....

Lingrid Updated 

OKX:TONUSDT is moving lower following a sell-off in the crypto market. It is approaching a support level where it previously bounced back, forming a spike, and is near the round number of 5.00. It may consolidate above this level, but I believe the market is likely to dip slightly below it after having surged from the support zone beneath 5.00 before. I expect to...

Lingrid

The price perfectly fulfilled my previous idea. It reached the target zone. FX:AUDCHF is currently trading within a downward channel and has recently made a lower low. The price is now approaching the resistance zone and the upward trendline after bouncing off the support. I expect a pullback and a retest of the support level, which could lead to further...

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The price perfectly fulfilled my previous idea. It reached the target. BINANCE:PEPEUSDT made a deep pullback following the double top at the resistance zone. The price broke the support level, creating a long tail bar that indicates a liquidity grab. Currently, the price is retesting the consolidation zone that lasted for more than four months. This scenario...

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OANDA:XAUUSD made a sharp drop mid-week to the support level of 2585 before recovering on Friday. This rebound was largely influenced by Jerome Powell's press conference, which sparked concerns about potential Federal Reserve monetary tightening, while a strengthening TVC:DXY further pressured gold prices. The market appears to be entering a consolidation...

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FX:EURUSD has pulled back after a strong move down, testing the resistance and downward trendline around 1.04500. Overall, the price action is clearly bearish, making lower lows. However, it recently formed equal lows at a previous support level, which could indicate that the price might struggle to make new lows at this levels. We may see the price create a...

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The price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT has dropped below the key level of 100,000, and the market is now moving sideways below this point. We might see some shakeouts in the market. It's possible that the sideways trend could continue until the middle of January next year. Currently, the price is slowly approaching...

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Changes in the Federal Reserve's funds rate have far-reaching implications for nearly all existing assets. When the rate increases amidst moderate inflation, the U.S. dollar TVC:DXY typically strengthens, attracting capital from both the cryptocurrency and stock markets. Conversely, if inflation is rising rapidly and the Fed is compelled to aggressively raise...

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BINANCE:ARBUSDT has formed a long-tailed bar on the daily timeframe, indicating that buyers have stepped in and pushed the price higher. The market sold off giving opportunity to buy at low levels. Notably, this price action retested the top of the consolidation zone by forming a ABCD pullback. Since we rejection at the support level around 0.7000 we can expect...

Lingrid Updated 

FX:EURGBP market is oscillating between the support zone at 0.82300 and the resistance zone at 0.83300. Currently, the price has bounced off the support level and is approaching the upper boundary of the consolidation zone. There is a strong chance that the market will rebound at the resistance level, where the upward trendline and the resistance zone around...

Lingrid Updated 

The price perfectly fulfilled my previous idea. It hit the TP. OANDA:XAUUSD made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price...

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FX:EURUSD dropped after the news was released and is now pulling back toward the resistance zone. The price is slowing down and forming rejection candles, indicating a potential reversal at this resistance zone. On the 1H chart, the price is showing an ABCD pullback pattern. Given the bearish sentiment, I believe the market might continue to move downward. I...