USDJPY is going down after completing 5 waves up and reaching the target for the 5th wave which also corresponds cleanly with the are of resistance near the all-time-high. We should expect a pullback from hear to at least the 138 level.
Gold seems to have found its bottom around a pivotal point where it has played as a support and resistance for a long time. Also, it corresponds cleanly with 0.382 fib ratio, and from here the path to creating a new ATH is clear.
with all the selling pressure going on right now and with everyone convinced that we are going lower it's becoming clearer where the right path is. The next target is all-time-high!
BITSTAMP:BTCUSD seems to have found support around 26K region next target is 34K. Right now it seems that everyone is bearish on bitcoin but with short betting on going lower, with everyone pilling on the same side, short liquidation is becoming a real risk.
FX:USDJPY is soon going to break the downward channel, after a test to its median, and is continuing toward the 140 resistance level.
BINANCE:SOLUSDT is creating a bearish flag on the 1h timeframe. And it's likely that we will see a continuation to the downside. The target of a bearish flag is equal to the height of it, and in this case it's a 7% move.
BINANCE:ADAUSDT has been trending on a downward bearish channel for sometime now, and it was rejected from the median line of the channel. We will likely see a continuation to the lower bound of the channel completing an ABC correction.
BINANCE:ETHUSDT is creating a rising wedge on the 1h chart. it's possible that we will see a pullback in the short term before resuming higher.
BINANCE:BTCUSDT is forming a rising wedge on the 1h timeframe. It seems in the short term we will see a pullback to the lower bound of the range
OANDA:XAUUSD is preparing for a pullback soon, as it reaches the end of the rising wedge.
The deathcross between the 50 SMA and the 200 SMA has been confirmed on the 2D chart. With momentum clearly pointing to the downside and no clear line of support it seems that TVC:USOIL still has further downside to go.
Despite the cryptocurrency market being in a turmoil lately, COINBASE:LINKUSD maintained its current support level for more than 6 months. Following the BINANCE:LUNAUSDT collapse, link like most of the cryptocurrency market had put a new low. However, what's intriguing is, unlike other cryptocurrencies it has actually held that low quite strongly, with...
TSLA stock has been on a selloff recently. Despite that it seems that the stock still do have further downside to go. However, we are soon reaching a critical level. With both a completetion of a 1 to 1 from the most recent pivot, in addition to that we are reaching a critical keylevel, there seems some hope for the bulls.
Moving averages are without a doubt the most popular trading tools. Moving averages are great if you know how to use them but most traders, however, make some fatal mistakes when it comes to trading with moving averages. In this article, I show you what you need to know when it comes to choosing the type and the length of the perfect moving average and how to use...
Following the recent oil selloff the XLE sector is now pulling back. With a clear divergence in the RSI with the 3 recent price tops, it seems like the XLE has completed 5 waves up. Following that is a 3 wave correction as a flat and is now preparing to finish the last leg of it, before exploding higher sometime next year.
TVC:DXY putting a top is unpopular opinion. However, we chartist don't care for the narrative of the masses or what mainstream media tells us, the only thing that's absolute is the word of our oracle, Mr. Market . So far, the dollar has broken the uptrend that it has been on since the end of may 2021, and retraced to the 0.382 fib level. With a clear...
gold has been going higher since the end of last month and is finally due for a pullback. However, this pullback should be short-lived and a healthy correction before resuming higher.
FX:EURUSD has reached the end of the trading channel that it has been trending in since the end of Sept. With both a weakening momentum highlighted by the divergence in the RSI and the price action of the previous 2 peaks, coupled with the wedge forming at the end of the channel it seems it's finally time for the bears to step back. However, I don't think the...