As seen on the chart, Natcoin is currently moving within a wedge pattern, indicating price compression and the possibility of a significant upcoming move 📉📈. Scenario 1**: If the price breaks downwards, it could lead to a parabolic movement towards the **0.00576** level (Level 1). This area could be seen as a **buying opportunity** 🛒. Scenario 2**: If the price...
Weekly Watchlist Analysis 📊 #Algo #4h In the first trigger of my strategy, the price has dropped by nearly 13% 📉. The previous uptrend exhibited clear signs of weakness: Reduced Momentum: After each breakout, the price moved less each time ⬇️. Increased Red Candles: More red candles appeared toward the end of the trend, indicating selling pressure 🟥. Declining...
**WTI Crude Oil on the Verge of a Major Move 🚀** As you can see on the chart, WTI crude oil is currently in a symmetrical triangle pattern, indicating a potential breakout in either direction 🔺. This compression suggests that a significant move could be on the horizon. Once the price breaks out of this compression, confirmed by a strong candle on the daily or...
As observed on the chart, a final gap movement followed by trend weakness suggests we might anticipate a trend reversal soon 🔄. The divergence is clearly visible both on the chart and within the oscillator 📊. After breaking the identified support level, we could consider entering a position. Additionally, the RSI oscillator shows a downtrend, approaching...
Understanding Investor Emotions During Market Cycles: A Comprehensive Guide 📊 In the volatile world of financial markets, emotions often take the driver's seat, influencing investor behavior more than fundamental analysis. 💡 The stages of a market cycle are not just a series of price movements but a reflection of the collective psychology of market participants....
As illustrated in the chart, gold is currently moving within a slightly upward sloping channel and is testing the upper boundary for the fifth time. The intent to break the channel's ceiling is evident from its movement towards the upper boundary and the inability to reach the channel's floor. 📊🔍 Moreover, there are two strong support zones at $2280 and $2360,...
As you can see, a double bottom pattern has formed in the USD/CAD currency pair, presenting a valuable trading opportunity. 📈 Given the current trend's weakness and the fact that we are in the 61.8% Fibonacci retracement area of the previous larger move, this setup looks promising. 📉 A move beyond the pattern's target range would signify a complete trend...
The recent drop in the global gold ounce from its daily channel peak, influenced by recent news and events, necessitated this analysis to be shared with you. 🔍 Hourly Time Frame Analysis: A downtrend has formed, indicated by the green trendline. Given that the second wave of this downtrend is stronger than the first, we anticipate at least a third wave. The...
Ethereum has initiated a 146% bullish wave on the monthly timeframe but is currently undergoing a rest and correction phase. 🔍 Fibonacci Retracement Levels from 1516 to 4114: 0.38 Fib Level: 2864 0.5 Fib Level: 2548 0.618 Fib Level: 2268 🔗 Weekly Timeframe Insights: A 624-day long ascending channel is observed. The price is currently interacting with the...
As you know, in the past week, gold has reached a new high, advancing to the $2483 price range. 🔸In this area, it has retraced from the top of its channel and currently shows a downward trend in the hourly and four-hour time frames. 🔸Given the strength and movement we observe, this decline will likely continue at least to the static level identified in the...
Hello, my name is Saman Jalilian, and today I'm going to teach you the best way to use chart patterns 📊. One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts. However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow...
As you know, the Dollar Index (DXY) impacts all major markets, including Forex, cryptocurrencies, and stocks. Therefore, as a trader, you should always keep an eye on this index 📈. We are currently at a critical decision-making point for this index. This decision can determine the medium to long-term trend of the Dollar Index. Support and Resistance...
🟢Silver has shown a significant uptrend following the global rise in gold prices, breaking one of its major resistance levels on the weekly timeframe. 🔸 Key Points: 1. Correlation with Gold: - General Correlation: Both precious metals typically move in tandem. - Increased Demand for Silver: As gold prices soar, silver demand also rises. 🔸From a...
Political Perspective 🌍 Given the current unrest and ongoing conflicts, along with potential future wars, our outlook on gold remains bullish 📈. Geopolitical tensions often drive investors to seek safe-haven assets like gold, increasing its demand and price. Macroeconomic Perspective 📊 As major economies approach the end of their contraction cycles, interest...
Current Market Position: Solana (SOL) has been in a parabolic movement but is currently losing momentum. If the weekly candle closes as it is now, there's a potential for breaking the curved trendline. Key Support and Resistance Levels: Critical Support at $100: If Bitcoin continues to drop and the market remains bearish for the next three months, SOL might reach...
Fundamental Strengths of Toncoin: Large User Base: Nearly 900 million active Telegram users can potentially join the TON network. Super App Potential: With Telegram's support, TON could become the first super crypto application. Community Potential: The large community brought in through a subsidiary project within the TON network shows high potential. Pavel...
As we dive into Ethereum (ETH) analysis, it's crucial to note that ETH's value relative to Bitcoin (BTC) is currently declining, and the ongoing ETF approval process could significantly impact its future. Don't overlook these factors! Analysis Overview: Channel Dynamics: ETH experienced a parabolic move after breaking out from its previous ascending channel. We...
After experiencing a parabolic increase of 200% over 200 days, BNB coin has now reached a significant resistance zone ranging from $616 to $660. Current Market Perspective: Given the current conditions and Bitcoin's behavior, a correction and consolidation period for BNB is highly likely. For those who took positions at $255 following advice from Trade City Pro,...