In the silver chart on the daily timeframe, our trend following level is $23.50, but we can expect a drop to $22.10 at the daily close below this level. As long as it stays on the trend, the $25.50 target will hold.
In this graph I explained if Bitcoin cheap or expensive for long term investment (5-10 Years).
When we look at the Ferrari graph on an annual basis, we see a rising wedge. Generally, assuming the wedge has broken downwards, the next target will be the $150 level. If we need to support this technical analysis with fundamental analysis, it is striking that especially the PEG ratio is too high. As long as the wedge doesn't break higher ($218), I will keep the...
Brent oil, which has been in a downtrend for weeks, will break the trend if it closes this day above $86. If it continues this movement with volume, the target of $ 98 will be valid. As long as it stays above the $84 support, the positive outlook will continue.
Gold, which has been in the ascending channel for weeks, has risen to the upper resistance of the channel again. A voluminous breakdown of this resistance will target the $1868 resistance. With the rejection of the resistance, if the $1820 support is broken, a return to the $1800 levels may come.
Nasdaq is in an open bullish channel over the next 5 and 10 years. As long as the price stays above the middle line of the channel, the positive outlook continues, but below the middle line means that the index has become too cheap. If it goes above the upper line, it indicates the overbought state of the index.
Gold in the downtrend channel for days. Now we hit the bottom of the channel. In my opinion it's the time of going up.
It has to be said that Starbucks doesn't look good at all in the monthly timeframe. If the formation works, it will be possible to see the level of 63 dollars in the summer months. Approaching or crossing the $120 level means formation cancellation.
The support and resistance levels for MATIC in the hourly timeframe are as seen in the chart. In case of a decrease below 0.74 level, 0.72 should be waited to buy. My strategy will be about lowering the average as it decreases by buying at the supports and gradual selling at the resistances. For long-term purchases, you can look at the analyzes I made in the daily...
EOS, which has been in the descending channel since August 2021, has proven to investors how strong it is with its re-entering the channel in August, although it entered dangerous positions when it broke down the channel in May 2022. If the channel breaks the upper resistance in a possible bullish scenario, the $1.90 and $3.20 levels are resistance. If the channel...
The 20200$ level is critical for Bitcoin, which takes action by finding strength with the decline of the dollar index. If it stays above this level, bull expectations will start to increase. With the rejection from 21500$, if it holds above 20200$ again, it can create a buying opportunity. Although the interest rate hike by the FED next week is of great...
The dollar has slowed its rise for several weeks and all eyes are on the interest figures to be announced by the FED next week. This scenario may occur if the rate hike is less than the expected 75 bp.
There's an obvious ascending channel in GBP against USD, if GBP breaks that target is $1.20500 otherwise $1.23500
Euro made double bottom against Dollar. The target is gonna be 1.12 if the double bottom works.
Since the beginning of 2021 Gold/Silver parity making an obvious channel. $87 - $85 area is important support and $100 is the target. Even if parity decreases till $80 we're gonna be still in the channel and we still have chance to go to $100.
Avalanche broke the Symmetrical Triangle upwards and now at the $25.50 resistance. Relying on the Fibonacci, if AVAX stay above $23, it's likely to see it to break $25.50 resistance. If that happens next target is $28.
In daily chart we can easily see Silver doing a bullish divergence. RSI is under 30 since nearly the beginning of the month so I think that looking really oversold. In addition to these if we look at the EMA 200 line which was resistance and support for many times, I think we can take that line as our reference target point. Since EMA200 and $22 support nearly at...
I believe that we found bottom in weekly chart. RSI is at the 32, we hit the support and we took EMA 200 as a support.