The blue highlighted area around the 2,470-2,479 level indicates a resistance zone where the price has previously faced selling pressure. A key support level is marked by the red horizontal line around 2,450.723. The price is showing a bearish trend, declining from the resistance zone, and is projected to drop further towards the support level before a potential...
The blue highlighted area around the 0.67253-0.67288 level represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back from it. The current price is around 0.67288-0.67276, which is near the support zone. The resistance level is marked around 0.67547, indicating a potential target for the bullish...
The price has reached The 1D-FVG (1-Day Fair Value Gap) and is showing signs of rejection. The current price is around 1.80040-1.79935, which is slightly below the resistance zone. The blue highlighted area around the 1.7800 level represents a strong support zone. The projection indicates a potential bearish move from the current price level down to the support...
The current price is around 1.36830-1.36841, which is near the support zone. The recent price action indicates that the market has found support at the 1.3660 level and is consolidating above it. The blue highlighted area around the 1.3660 level, represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back...
Here are the most important developments: Inflation in America declined yesterday, less than expected, to 3.0%, which increased bets that the US Federal Reserve will reduce interest rates next September. • This matter led to severe bleeding in the US dollar, and in return, gold shined, approaching its highest historical level. • Brianna: This weakness of the US...
The market is currently in an uptrend with higher highs and higher lows. Recent price action suggests a potential reversal or pullback from the resistance zone. Resistance Zone: The shaded grey area around 82.127 - 82.220 is a significant resistance zone where the price has shown rejection. Support Levels: Immediate support is around 80.473 - 80.417, marked...
The recent price action shows a push towards a resistance zone, indicating potential exhaustion or a reversal point. The shaded area marks a significant resistance zone around the 157.700 - 158.000 levels. This zone has been tested multiple times and has held as a strong supply area. Immediate support can be identified around the 156.500 level, which aligns with...
The European Central Bank had previously lowered interest rates, while the US Central Bank kept them high, and this gives the dollar strength against the euro.
US Federal Reserve member Kashkari declares that there will be only one rate cut this year and it will happen in December. An interest rate cut by the Federal Reserve is generally considered bearish for gold. However, Kashkari's statement that there will only be one rate cut this year, and it will happen in December, could be seen as slightly bullish for gold...
weekly support rests at 3734 key support zone at 3419-3501 Possible exhaustion IF reached yearly range 4089.00 May high/low-week reversal close 4179.00
Crypto exchange KuCoin is sitting pretty at a valuation of $10bn, raising a shed load of money in a round of funding set to expand its web3 horizons. This is a hugely positive indicator of KCS's Future and the KuCoin exchange too. I personally expect the next leg will be huge.
The tables have turned completely in the last 8 hours, especially our last daily close, when we saw an extremely short-term buy-back reaction on BTC, ETH, and most alts. We briefly retested sub $30,000 levels which have cleared most of the liquidity of an entire year, and it looks likely we'll now have a bullish move lasting at least a couple of weeks from here,...
As we can clearly see that the previous pattern was showing weakness in the price action and the bitcoin crashed. today with the price currently trading around 34200$ we can see that it's showing some strength and we can expect a bullish scenario from this level. good luck!
The dollar index has been quite weak at this current resistance level. I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames. The Setup is crystal clear the Wyckoff price cycle is over.
BTC has seen that final mid-term leg down towards our $34,354 mid-term support where it's showing some intra-day strength that could develop into a mid-term rally towards $40,000 if the bulls manage to gain strength. We're currently trading at one of our most important all-time key levels, especially while USDT dominance is approaching its all-time high...
BTC is heading towards its closet gap which is coming at $32900, which is also an important support level, from where we have seen a good bullish trend in the previous wave. The other two most important CME FUTURES gaps are at $46540, which BTC has to fill sooner or late good luck!
$BTC Daily Update📍 Thursday, May 5, 2022 -------------------- After yesterday's bounce on the FED rate rise and a perception of a less hawkish, today after a few hours of deep thought, traders have formed a more lasting near-term view that the Fed is far from dovish, has let inflation get out of control, and is still poised to dramatically slow down the economy...
The price is showing some weakness recently and the bullish trend is getting messed up. I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling. one another confirmation this huge recent candle on 4h time frames shows...