📉 Overview: Bitcoin (BTC) is currently at a crucial juncture, encountering resistance around the $49,000 mark on the H4 timeframe. This resistance level holds significance as a successful breakout could propel the price to $55,000, while a potential breakdown below $47,000 might signal a downturn to $40,000 - $38,000. 📊 Key Points: Resistance Challenge: $49,000...
DAX Index (H4) Analysis 📉 Overview: Analyzing the DAX index on the H4 timeframe, we observe significant resistance in the range of 17000 - 17100. The price has formed a descending structure, creating lower highs and lower lows. 📊 Key Observations: Resistance Zone: Strong resistance is evident around 17000 - 17100, where the price encountered notable selling...
Technical analysis on DXY daily chart reveals several key points: Positive Reaction at 100 Support Zone: The price has shown a positive response at the strong support zone of 100, continuously rising throughout the past week. Breaking the downtrend structure at 102.25 signals the strength of buying pressure. Expected Correction and Continued Upside: Anticipate...
FTSE100 Index Analysis on H1: 📉 EMA89 and Price Movement: The price is currently moving below the EMA89, indicating a bearish momentum. Price Pattern: The market is forming lower highs and lower lows, suggesting a downtrend. Sell Plan: The plan is to initiate a Sell position in the range of 7730 - 7745. Set the Stop Loss at 7770 to manage risk. The Target is...
AUDJPY Analysis on H4 Timeframe: 📈 EMA89 and Price Position: The price is currently below the EMA89, indicating the dominance of a downtrend. Price Pattern: The market is forming lower lows and lower highs, but there seems to be weakening selling pressure. Key Buy Zone: The price is approaching a significant buy zone around 95.5 - 95.7, where potential support...
🚀 Overview: On the 4-hour chart of Ethereum (#ETH), a clear upward trend is evident with higher highs and higher lows, indicating market strength. The 4-hour EMA89 continues to support the trend, adding confidence to the upward movement. 📊 EMA89 Support: EMA89 plays a crucial role as significant support, reflecting buyer control. Maintaining the price above EMA89...