sina76m

sina76m Updated  Dec 19, 2022

Daily: The upward Falling Wedge pattern is successfully broken and starts a short-term growth. We also see a very strong positive divergence . Upcoming targets: 105.650, 106.850 and 107.700 In the weekly time, a Pinbar candle has been formed, which can start a very strong upward trend. Hawkish Powell's words will also make the upward trend stronger. So...

sina76m Dec 19, 2022

Daily Time: As you can see in the chart, it has reacted negatively to the long-term downtrend line and sellers have become active. A strong negative divergence has also formed. It seems that in the short term, it will have a good correction and will touch the specified targets. Important : The market needs a short-term correction (at least 50%) to attract big...

sina76m Updated  Dec 19, 2022

Time 4 H : It seems that the Rising wedge pattern that has been broken down, pulleback and can be entered into a selling position within the specified range. The weekly candle is closed as a DOJI (spinning top) , which is likely to cause a bearish shock and will be completely bearish next week. Considering the strengthening of the dollar index and 10-year...

sina76m Dec 18, 2022

Daily Time: The price is in a triangle pattern . We have two views: 1. A bullish view that with the breaking of the upward triangle can move towards the targets of 1600, 1750 and 2000 . (according to the movement we drew) 2. A bearish view that can touch the 1000, 900 and 800 targets by breaking the downward triangle. (According to the movement we drew) ...

sina76m Updated  Dec 16, 2022

Bitcoin seems to be moving in an almost neutral channel (placed in a larger descending channel). The most important resistance range is 18100 to 18580 . If it succeeds in breaking this resistance, it will move towards the ceiling of the channel (21500) . It is possible that by touching this resistance, selling pressure will increase and move towards the bottom...

sina76m Dec 15, 2022

According to my previous analysis, the Rising Wedge pattern has broken down and issued a definite sell signal. A big fall is coming. So every rise is a selling opportunity. The upcoming targets are 1767, 1745, 1728

sina76m Updated  Dec 15, 2022

Observations show that the Rising Wedge pattern has been formed with a strong negative divergence on the resistance of 1820 to 1825 , which can cause a sharp price drop. Also, the price has reached the end of the 5 ascending wave. Also, a Falling Wedge pattern has been formed in the dollar index , which can cause a sharp growth of the dollar index ...

sina76m Updated  Dec 13, 2022

With the continuation of the downward trend today, a double top has been formed, which can reduce the price to the 1740 zone. The short-term target for a few days is 1740 . Also, during several attempts, he could not succeed in breaking the MA of 200. You can see my past analysis in my profile for more reasons why gold prices are bearish.

sina76m Updated  Dec 12, 2022

The market has come to the conclusion that the level of 1800 to 1810 is a very strong and important resistance. Because after reaching this range several times, it has faced selling pressure. 1. It has probably completed wave B and will move towards wave C (1727 to 1734). 2. It has reached the corner of the drawn triangle and since it failed to register a...

sina76m Dec 7, 2022

4 hour analysis Wave 5 has ended at 1810 . It is currently moving towards corrective wave A . Wave A is likely to continue until the 1727 . Then B wave will rise up to 1780 (formation of ceiling head and shoulders pattern). And wave C will continue until the range of 1680 . It seems that it is currently in a bearish flag pattern , which will reduce...

sina76m Dec 5, 2022

It seems that the gold rally is over and should prepare for a major correction to the 1706 . Among the important reasons for falling: In this analysis, we see that a harmonic pattern (butterfly) has been formed, which is a strong bearish pattern and will cause a sharp drop in price. After the price met the important and sensitive resistance of 1808 to 1810...

sina76m Dec 3, 2022

11 solid reasons that you can rely on to start the price drop: 1. Strong negative divergence in RSI and MACD 2. The formation of Hanging Man candlestick (a bearish candlestick that initiates a downward trend) 3. The possibility of forming a double top 4. Strong resistance 1800 to 1810 5. Dealing with the trend line (probable channel) daily 6. The...

sina76m Dec 3, 2022

In the daily timeframe, as seen, it has reached the midline of the 12-year channel and is on strong and reliable support ( 104 to 104,300 ). We also have a price range from 109 to 111 that must be filled. The 9-month old channel is also broken and should be pullback to this channel. In RSI and MACD , positive and strong divergence has formed. Based on...

sina76m Dec 2, 2022

In daily time, we have observed negative divergence. Also, a Double top has been formed in RSI. The resistance of 1800 is a very strong range that will prevent further growth. It can be said that big banks have entered sales transactions again.

sina76m Dec 1, 2022

The range of 1780 to 1786 is a heavy daily resistance. It is expected that a Double top will be formed in this area. If a Double top is formed, heavy rainfall will occur until 1630 . It is also necessary for the price to pull back to the broken 8-month channel . The sales range is 1780 to 1785 . The main target is 1630