I think the USD is getting stronger every day. And the future looks like the FED will be either maintaining the higher interested rate for long term or increased it further. Either how, this doen't looks good for Gold.
On a small time frame, it looks like we are near the decision zone inside this consolidation zone. My prediction is strong to the upsize when the market opens on Monday. Please monitor when the euro market opens to see the directoon
I'm expecting the gold to trade sideways next week.
This is my trading plan. When the price enter..i will buy and sell
Bitcoin could potential break to the downside as more investor turns to cash (USD). You can see the USD is making a new ATH and Asian stocks already started bleeding in the opening week of the trading.
Since the dollar is trying to make new ATH and people gold is also down, I can see that investor are now holding to USD (cash). We can expect a little bit move downward and try to test our last low. However, I did not expect for us to break the lows.
We need to break this major resistant and we will be having a good pump to the upside
We could see a relief rally for Cardano and then come down back to test the lower channel.
Dear Followers, As you are aware we are still in the downtrend. We are now in the Phase C of the Wyckoff Schematics. For leverage traders, this is a very dangerous zone to trade with high leverage but not for traders who look to HOLD. We can see smart money manipulating the prices now as they are trying to accumulate as much as they can with lower prices. So...
I think ADA can still have one more drop if it fails to close above 0.5350 . and then we could probably look into a long opportunity
We could be going into a long bear cycle ahead if the global economy did not improve within this couple of months. The black swan event that just happen did add salt to the wounds. I would personally not be trading for now and will wait for some big positive news such as the end of Ukraine's invasion, inflation going down etc. Do trade cautiously.
This is my short term strategy. I believed we are making a retracement pattern and about to make a relief rally. My worried is we are almost into the weekend and probably did not have enough volume to push through. Hence, still a possibility to drop even below.
Based on my prediction and analysis based on chart patterns and also Fibonacci Retracement, we should be finding the bottom sooner than we expected. Be mindful that the volatility will be very aggressive in May and a lot of fake out.
I believed Cardano will be heading for another "Last Dump" before reversal.