Trend Channels: The chart shows BTC/USD moving within an upward-sloping channel, with orange trend lines marking support and resistance. As long as the price respects this channel, the overall trend remains bullish. If BTC approaches the upper boundary, it may encounter resistance, possibly leading to a pullback. Conversely, the lower boundary could act as...
1. Price Channels Orange lines: A set of parallel channels that indicate the long-term upward trend of gold. These channels help to visualize the boundaries within which price movements are expected to oscillate. Gold seems to be moving upwards within the channel, implying a long-term bullish outlook. 2. Fibonacci Retracement Levels The Fibonacci levels (shown as...
1. Price Channels Orange lines: A set of parallel channels that indicate the long-term upward trend of gold. These channels help to visualize the boundaries within which price movements are expected to oscillate. Gold seems to be moving upwards within the channel, implying a long-term bullish outlook. 2. Fibonacci Retracement Levels The Fibonacci levels (shown as...
1. Price Channels Orange lines: A set of parallel channels that indicate the long-term upward trend of gold. These channels help to visualize the boundaries within which price movements are expected to oscillate. Gold seems to be moving upwards within the channel, implying a long-term bullish outlook. 2. Fibonacci Retracement Levels The Fibonacci levels (shown as...
Updated Trend Analysis: Channel Formation: The chart now includes an ascending channel that spans from 2020 to 2025, suggesting a long-term bullish trend. The upper boundary of this channel could act as a resistance level, while the lower boundary may serve as support. Elliott Wave Count: The Elliott Wave count remains consistent with the previous chart, showing...
Price movement with several technical indicators. Let's break down the key elements of the chart: Price Levels and Fibonacci Retracement: Several Fibonacci retracement levels are drawn, indicating potential support and resistance levels. Key Fibonacci levels on the chart include 0.382, 0.5, 0.618, and 0.764. Volume-Weighted Average Price (VWAP): The VWAP is...
key elements: Trend Analysis: Uptrend Channel: The price is following an upward trend channel, indicating a bullish market sentiment. Support and Resistance: The support level is around 2,234.40, and resistance is at 2,396.34, indicating the price is nearing resistance levels. Moving Averages: EMA (20/50/100/200): The chart includes Exponential Moving Averages...
Analysis of the GOLD market using Elliott Wave Theory and other technical indicators: Elliott Wave Analysis Wave Count: The chart displays two sets of Elliott Waves, labeled in blue for clarity. The first complete wave cycle (1)-(5) appears to have finished, suggesting a potential correction. A second wave cycle is in progress, with (1)-(5) potentially...
Current Market Overview Bitcoin Price Drop: Bitcoin recently dipped below $57,000, with significant fluctuations around this level. It hit $56,769 on July 4. Liquidations: The market experienced $305.43 million in liquidations, mostly from long positions, including $92.6 million from bitcoin long positions. Market Sentiment: The sell-off has caused concerns, with...
DAX index with various technical indicators. Here’s a detailed analysis and a strategy for trading based on the information presented: Key Components of the Chart VWAP (Volume Weighted Average Price): Weekly VWAP: The values shown are 18,292.03 (low), 18,608.91 (average), and 17,975.16 (high). VWAP is a trading benchmark that gives the average price a security...
NASDAQ 100 index with several technical indicators overlaid. Here's an analysis based on the information presented: Key Components of the Chart VWAP (Volume Weighted Average Price): Weekly VWAP: The values shown are 19,893.04 (low), 20,241.60 (average), 19,544.49 (median), 20,415.87 (high), and 19,370.21 (low). VWAP is a trading benchmark that gives the average...
GOLD (XAU/USD) with key technical indicators, including Fibonacci retracement levels, VWAP bands, and volume. Here’s an expert analysis: Short-Term Price Movement and Analysis Key Levels: Support Levels: Immediate support at $2,349.90 (0.382 Fibonacci retracement). Additional support at $2,311.08 and $2,296.92 (VWAP bands). Strong support at $2,224.84 (1.618...
Historical Price Movement 1970s-1980s: The price of gold experienced a significant uptrend during the 1970s, reaching a peak around 1980. The highest point during this period was approximately $862.71. 1980s-2000s: Following the peak, gold prices went through a long period of consolidation and decline, hitting a low near $246.40 in the late...
Gold (XAU/USD). Let's break down the key elements shown: Elliott Wave Analysis: The chart displays an Elliott Wave pattern, which is a popular technical analysis tool used to predict future market movements by identifying recurring wave patterns. Wave Count: Wave (1) to (5) represents a complete five-wave impulse move. Waves (a), (b), and (c) represent a...
key levels and information. Here's a detailed analysis: Volume: Vol (20) 6:19 usD VAP (Week): 20,030.41 —— 1418 20,694.50 Key Levels: 20,600.00 20,400.00 20,225.25 20,000.00 19,800.00 19,600.00 19,400.00 19,200.00 19,000.00 18,800.00 18,625.00 Based on this information, we can make some trading decisions: Buy and Sell Strategy Support...
XAU/USD (Gold) with an Elliott Wave analysis, as well as various Fibonacci retracement and extension levels. Here's a detailed analysis: Elliott Wave Analysis Wave Count: The chart shows an Elliott Wave count with five waves labeled (1), (2), (3), (4), and (5). Wave (5) appears to have peaked and the price is currently in a corrective phase. Wave (5): Wave (5)...
(XAUUSD) chart you have provided, I will examine key technical indicators and patterns. Let's break it down step by step: Fibonacci Retracement Levels: The Fibonacci retracement levels indicate potential support and resistance areas. Key levels observed: 0.618 (2,340.122), 0.5 (2,324.379), 0.382 (2,307.746). VWAP (Volume Weighted Average Price): Monthly VWAP...
Bitcoin (BTCUSD) chart, let's go over the key elements visible in the image: Price Levels: The current price of Bitcoin is around $60,830. VWAP Levels: The VWAP (Volume Weighted Average Price) for the month is shown with three lines: 66,021 (upper) 69,398 (middle) 62,643 (lower) Fib Retracement Levels: The significant Fibonacci retracement levels are marked,...