Let's update the Bitcoin chart . Bitcoin( BINANCE:BTCUSDT ) is in the Resistance zone($70,080- $68,250) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 is Ending Diagonal . I expect Bitcoin to FALL again and fill the first CME Gap($67,250- $67,050) . What is your idea Bitcoin...
Bitcoin ( BINANCE:BTCUSDT ) is moving near the Important Resistance lines ( Bitcoin is attacking important resistance lines for the fifth time ) in the Resistance zone($70,080- $68,250) . According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 in the small ascending channel . Also, Regular Divergence (RD-) between ...
The Hamster Kombat(HMSTR) project has taken a downward trend after the unsuccessful Airdrop that disappointed many of its users. This bearish movement reminds me of the Dead Cat Bounce Pattern . We can even name this pattern for the BINANCE:HMSTRUSDT token, Dead Hamster Bounce Pattern😂. Why does a Dead Cat Bounce Pattern form? When the price...
Today I want to analyze the First Neiro ( BINANCE:NEIROUSDT ) has recently gained significant attention in the cryptocurrency market, with a remarkable +87% increase in price over the past week . The First Neiro(NEIRO) is Memcoin and operates on the Ethereum Blockchain . The First Neiro( BITGET:NEIROCTOUSDT ) has reacted well to Andrews'...
Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis...
Gold moved as I expected✅ in the previous post . In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator . Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line . According...
Bitcoin ( BINANCE:BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250) , Potential Reversal Zone(PRZ) , the Upper line of the Ascending Channel , and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.) . According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 ....
Gold ( OANDA:XAUUSD ) moved, as I expected in my previous post . Gold is moving near the Resistance zone($2,686-$2,670) and within the Bollinger Bands Indicator ( we can consider the upper and lower lines as Support and Resistance ). What is Bollinger Bands Indicator!? Bollinger Bands is a technical indicator used to measure market volatility. It...
Bitcoin ( BINANCE:BTCUSDT ) managed to break the Upper line of the Descending channel and 200_SMA(Daily) . Bitcoin is attacking the Heavy Resistance zone($67,400-$64,740) . In terms of Elliott wave theory , Bitcoin seems to be completing microwave 5 of the main wave 3 in the 15-minute time frame , so main wave 3 seems to be extended . I expect...
As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap . Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) . I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) . ⚠️Note: The probability of forming a Bull Trap...
Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap . The recent price surge of the SUI token can be attributed to several key factors : 1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is...
Today, on October 10, 2024 , key U.S. economic data were released, including Core CPI m/m , CPI m/m , CPI y/y , and Unemployment Claims . These reports provide insights into inflation and the labor market, which have significant implications for financial markets, including gold. Impact of Today’s Parameters on Gold : Core CPI m/m : Increased by 0.3%,...
In the previous posts ✅, we found the Top and Bottom of the rally , which started at $59,830 and continued up to $64,470 . Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ) . I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone...
Today, I want to analyze the Solana ( BINANCE:SOLUSDT ) project for you; I hope it will be useful 😊. First, let's have a fundamental analysis of the Solana project . 1. Network and On-Chain Performance : Solana, using its Proof of History (PoH) technology, is known for high speed and excellent scalability. The number of transactions and active users in...
Bitcoin started to rise after the UAE exempted cryptocurrency transactions from Value Added Tax (VAT) . The UAE exempts crypto transactions from VAT starting November 15, aiming to attract more investments and solidify its position as a crypto hub. Bitcoin is currently moving near the Resistance zone($67,400-$65,000) , the Potential Reversal Zone(PRZ)...
Today's Fundamental analysis of the FX:EURUSD highlights several key factors: 1-Expected ECB Rate Cuts : With Eurozone inflation dropping below 2% in September, there is growing speculation about further rate cuts by the European Central Bank (ECB) in both October and December. These rate cuts would likely weaken the euro, as lower borrowing costs reduce...
Brent Crude Oil ( FX_IDC:USDBRO ) began to rise from the Heavy Support zone($71.30-$64.80) after Iran attacked Israel . ( It seemed that before the attack of Iran, Brent oil intended to fall and correction further ). Today's fundamental analysis of Brent crude oil prices is influenced by several key factors: Geopolitical Tensions : The ongoing conflict...
Gold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern . According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave . I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle . ⚠️Note: Tensions in...
