AVAX reached the target we highlighted a couple of days ago, and the price has now formed a bearish head and shoulders pattern. This pattern suggests that if the price drops below $38 per coin, AVAX could head substantially lower. However, with the fundamentals and trend being bullish, it seems unlikely that that will happen at this time. Instead, we trust the...
Bitcoin most likely bottomed out yesterday, following a 9% correction from its all-time high. However, the price is stuck in a triangle pattern in the short term. There are three exciting scenarios to watch.
If the short-term trend observed yesterday holds, the price could bottom out in the 92k and 94k range.
The alternative, and perhaps a safer setup to some...
EURUSD is currently correcting against the overall downtrend. However, a break below 1.0455 without reaching 1.0475 is likely to signal a resumption of the bearish trend, potentially driving the price toward the Friday afternoon low of 1.0392.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other...
Ethereum prices have been trading sideways since November 21 but remain in an overall uptrend. The current stall is due to the price struggling to break the July 2024 high of $3,564. Traders who are not already long will likely wait for a corrective move to the $3,238–$3,342 range to improve their risk-to-reward ratio.
This content is not directed to residents of...
The USDJPY remains firmly bullish above 153.08. As long as the price stays above this level, it may reach 155.50, followed by 156.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment...
The 46% surge in the China A50 index appears set to deflate further as investors factor in trade tensions and the absence of significant stimulus from the Chinese government to support the economy. The bearish trend is likely to persist as long as the price remains below 13,453.
This content is not directed to residents of the EU or UK. Any opinions, news,...
A triangle pattern, triggered earlier today, indicates that AVAX might extend its recent gains. Interestingly, several "dino" coins have been rallying lately as the MEME frenzy fades. This bullish pattern remains valid as long as the price stays above the $35.54 low.
What is your take on Avax?
This content is not directed to residents of the EU or UK. Any...
Solana has triggered a descending triangle pattern with a target of $261.60 per coin. If the price reaches the breakout point of the pattern at $243 per coin, buyers are likely to step in and support the price. The pattern will remain valid as long as the price stays above $235.
This content is not directed to residents of the EU or UK. Any opinions, news,...
EUR/USD has been consolidating between 1.0512 and 1.0606 over the past week, indicating a pause in the downtrend. This consolidation may serve as a correction, allowing the market to transition from oversold to neutral conditions.
A decisive break below 1.0512, especially during the London session, could lead traders to target support levels at 1.0450 and 1.0425,...
SOL is about to hit the target of $249, which we mentioned at the beginning of November. Moreover, it could enter discovery mode with the price potentially breaking above the 2021 high. The very short-term trend remains bullish, above $236 per coin, and traders not already long might buy dips starting from $243.50, targeting $250 and $260 per coin.
This content...
Silver prices have bounced 3.75% from their low on November 14th. For now, the area around $30 has held. This suggests silver prices have bottomed and could head higher, but the short-term trend remains steeply bearish. Therefore, waiting a few days for confirmation is likely better. As it stands, the trend remains bearish below 31.15, with traders targeting 30.23...
EURUSD remains bearish below 1.0620, with traders likely targeting further downside.
Last week's U.S. inflation rose to 2.6% annually, which is too high, with core inflation steady at 3.3%. Jobless claims dropped to the lowest since May, with initial claims falling by 4,000 to 217,000, indicating a resilient labour market. Both data points reduced the chances...
Ethereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this...
Bitcoin prices are undoubtedly becoming short-term overbought, but FOMO is driving traders to keep buying. A significant correction will eventually come, wiping out the most leveraged positions. However, the short-term trend remains bullish, above $87,131 per coin. Between this level and $90,000, traders aiming for upside moves will likely be interested in buying,...
The Nasdaq 100 has traded sideways this week, hovering around levels from last Friday. This is expected following Trump's victory, which saw the index generate a strong bullish surge of 5.84%. Traders now require consolidation or correction, which is precisely what we're observing. The default is for markets to pull back. Still, they can also move sideways,...
Gold prices have dropped 8.41% following Trump's victory, and the rationale is simple: Trump's policies are, as we've described in many places, inflationary, which will likely keep interest rates high. Realistically, with the unemployment rate already at 4.1%, attempting to boost GDP at this point will only drive inflation. These expectations are driving gold...
GBPJPY remains in an uptrend above 196.63, with the next resistance levels and potential targets for bullish traders at 197.96 (Thursday's high) and 198.43 (Monday's high). However, if the price falls below the trend-defining level at 196.63, a swift drop to the psychological level of 196 is likely.
This content is not directed to residents of the EU or UK. Any...
In the very short term, the price is oversold, making the risk-to-reward ratio for fresh shorts poor. However, the situation improves as the price reaches the 0.5884 to 0.5907 zone. The next support levels and targets for bearish trades are 0.5866, followed by 0.5830.
This content is not directed to residents of the EU or UK. Any opinions, news, research,...
