This video is just the recap video of the Gold analysis we published on Monday, of this week.
GBPJPY intraday seems bearish. Taking a short position from the minor resistance is something we will be looking at.
In a bearish crypto market, it becomes hazardous buying any token. With Solana, we are still bearish technically. First target being the $25 mark and second being the $10-$13 range.
Many people and traders consult us for the upcoming direction on Bitcoin. We tell them, we are short and bearish on Bitcoin. These analysis, are all about the technical aspect of the bitcoin.
Solana is at a major support level which needs to push the market up. Lets see how the market reacts at this level.
Shiba Inu, the favourite token for the masses, has the potential to take off from the current recent support and maybe the support below. Before taking any buys from the support area, do keep the price action in mind. We need to see a bullish engulfing or pinbar.
Earlier, we share the Solana analysis for both the scenarios. Good thing, it moved in our bullish direction and is continuing in doing so. Right now, the stops should be at break even.
Solana is either going to range here and then surge towards the bullish momentum. Or, it will break this H4 range and continue moving down.
EURUSD shorts from the resistance level of the H4 chart. The market may range for a while within these two prices. Once price taps the resistance, we are good for short position.
Given that GBPJPY is in a bearish trend, we have two probable setups on this: 1- Market breaks the support, retests the broken support now turned resistance. Rejects the resistance and continue down. 2- Market continue corrective its bearish leg. Once it taps the resistance and the descending channel trendline, it faces rejection with a pinbar or engulfing. Then...
With SNX breaking down in a bearish trend, it seems unlikely that the support will hold. The next leg of the structure has the potential to tap the liquidity area. This area will tap the stop hunts. The price of this area is ranged from $0.5-$0.6.
Bitcoin at a major level of support. This is the deciding level for BTC either to dump all the way down to the next support of $20,000 or, we hold this support to push up to test the previous highi.
The broken ascending trendline is the alarm for the bearish continuation. Wait for the retracement and then we take a short from $39,000.
I am still bullish on PYR. I do not see a short at this level of daily, weekly and monthly support. Precisely, it seems PYR has to engage in the bullish impulse towards its previous highs.
Weekly support/demand level on the outlook to be tapped and a possible rejection.
SNX should make a 20% correction from this retracement level. The next resistance break or retest will be the determining phase for SNX.
Solid support being reached on the weekly on Solana. If this support is broken and validated, we are heading down towards $46. This validation needs to be done by at least 3 candles closing below the support on weekly time frame.
Bitcoin is bearish right and susceptible to a more bearish side. Although PYR is at a premium demand/support zone, its not safe right now to go long until we see H4 bullish engulfing or pinbar forming. Till then, we are staying away.