AUDUSDAUDUSD is trading in bullish channel. it is also creating a bullish channel within the bigger channel. currently the price is retracing a bit( the fundamental reaction) but seems like it coming down to get fuel up for bullish trajectory.
Ascending Channel
🥇 GOLD - A pre-breakdown consolidation is forming Gold after a false breakdown on July 18 forms a pullback and tests the local support of 1972. After the false breakdown, against the basic stereotypes, the price retraces to retest the resistance.
TA on the high timeframe:
1) Closing of the last two daily candles forms near range resistance. There is no downside after the false breakout
2) Price forms a liquids area below support and forms an impulse
TA on the low timeframe:
1) A pre-breakout consolidation is forming near channel resistance and 1984.
2) The trend is bullish and most likely the growth may continue in the near term
3) A break of the resistance will send the price to 1999.
Key support📉: 1978, 1972,2
Key resistance📈: 1984, trend resistance
GOLD → Correction after the LH update. Growth may continue OANDA:XAUUSD continues to execute active movements in the direction of price strengthening. This time the price is testing the resistance 1987.5, which indicates a high bullish potential and a strong trend
The price is forming a correction after the impulse. In the zone of interest we have the level of 1981. The price is testing the support and if the market can hold this area, the price will head towards 1993 in the nearest future.
A false breakdown scenario is possible and in this case the price will go to the support of 1970 before further growth.
On the background of weakening dollar and news about weak inflation, the price of dollar is falling, which positively affects the price of gold.
In the future, after fixing the price above 1981.7, such targets as 1993 and 2000.
Support levels: 1978, 1970
Resistance levels: 1981.7
At the moment the key role is played by the level of 1981.7. The price may continue to test the area for a breakout in the near future, or make a rebound, but on the subsequent retest of 1981.7 the level may be broken and the price will show an impulse to 1993
Regards R. Linda!
🥇GOLD - Resistance Retest. Correction to 1972-1963Gold is testing a strong resistance area that could push the price back quite a bit. If the price shows strength against the bears and signals further upside, we will take advantage of it
TA on the high timeframe:
1) Price is testing the global flat resistance. A rebound from the resistance is possible
2) The bullish trend is resuming
3) At the same time candlestick analysis suggests the continuation of growth
TA on the low timeframe:
1) Price forms a retest of the uptrend resistance.
2) After a false breakdown, consolidation under the level is formed.
3) The closest support that price can aim for is 1972. This could then be trend support
4) Price returning to trend resistance or to 1984 for a retest will signal a breakout and a continuation up to 1999.
Key support📉: 1972, 1963
Key resistance📈: 1980, 1984
💱EURJPY - Breaking through resistance offers new potential EURJPY is forming a flat. The wide range allows to accumulate enough liquidity before a further surge in the impulse format.
TA on the high timeframe:
1) False break of support 154 forms a strong momentum that breaks several local resistances
2) Price passes the key liquidity area of 155-156 and aims for 158
TA on the low timeframe:
1) A break of 156.789 gives new potential for the price
2) Locally we have a bullish trend. Consolidation above 156.789 will give a good entry point for buying.
3) In terms of outlook, I expect growth from 156.789 to the nearest liquidity zone
Key support📉: 156.789
Key resistance📈: 157.93
GOLD → A temporary respite after a high jump OANDA:XAUUSD continues to form a bullish trend, indicating strong interest in the market. The strong rally is moving into a narrow consolidation, which may hint at certain implications
Yesterday we saw a breakout of the local consolidation and a gorgeous 200 pips momentum.
The price is testing the resistance at 1981.7 and forming a 110 pips wide fljt. Gold may test the support and start strengthening again or form a consolidation near 1981.8.
At the moment, since there is a strong trend, we should consider either a rebound from 1970 or a breakout of 1981. The growth may continue and the price may test 1993 soon.
The moving averages indicate a strong bullish trend. The daily timeframe is forming a candlestick that gives a prerequisite for a breakout of 1981 in the near future.
Support levels: 1975, 1970
Resistance levels: 1981.8
I expect consolidation with the subsequent breakout of 1981.7. In the long term I expect growth to 1993 and 2000.
Regards R. Linda!
EURAUD → A shake-up could provide bullish momentumFX:EURAUD in the format of local uptrend forms an interesting set-up of two false breakouts and pre-breakout consolidation after market clearing. Growth may continue.
The shakeout in May and mid-June cleared the market of a lot of crowds with their bids and increases the market maker's liquidity. A third approach to resistance and a third premise for price to break out of the range could be true.
Price is forming a sideways range of 1.654 - 1.626. Within the flat range, price is forming a pre-breakout consolidation near resistance. The euro is recovering and most likely will try to break the mentioned level.
The moving averages act as a strong support, especially MA-200, which outlines the support of the ascending channel.
Resistance levels: 1.654, upper boundary of the channel
Support levels: 1.646
I expect a resistance retest followed by a breakout. Strengthening of the currency pair may continue. Medium-term outlook 1.6786
Regards R. Linda!
Bitcoin - Pump to 39k! But then, crash to 21k (juicy)
We have had a lot of bullish news in recent days, and that's why Bitcoin is going to reach up to 39k this summer, but do not be too excited because I am expecting a huge crash to 21k later this year!
39K is an extremely strong resistance for the bulls, mainly because of the 0.618 FIB retracement and point of control of the previous market structure. Also during the downtrend in 2022, the price created an unfilled fair value gap, which acts as resistance as well. We can fill this gap and start a major downtrend.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
At this moment, Bitcoin is inside an ascending parallel channel on the daily chart and has touched the trendline three times. 3 touches is a lot; it basically failed to make a parabolic move, so I expect this trendline to breakdown this year and start a downtrend!
What could be the price target for the upcoming downtrend? We still have an unfilled CME GAP at 21110, which is a magnet. All CME gaps on Bitcoin were always filled, and there is a 100% historical probability of going down and filling them!
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From the Elliott Wave perspective, this uptrend from 15k to the current price of 30k looks impulsive. It has a good angle, and there are totally no overlaps on the line chart, even though there is a small overlap on the candlestick chart. I market it as an impulse wave 12345, and we still have room to go up to finish the 5th wave.
Look at my previous idea about "XRP" in the related section down below; it's very important!
That's all for today. It's possible for Bitcoin to go down in the short term, but I am pretty bullish, and 39 is expected this summer.
95% of my trades are done on altcoins, and Bitcoin has been going sideways for almost a month. The volatility is low, and where there is no volatility, there is no opportunity.
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GOLD → Support shake-up followed by resistance retest OANDA:XAUUSD is forming a shake-out of consolidation support. Thus, after the retest of the previously broken boundary (as I talked about yesterday) there is a consolidation and resistance retest that could lead to a breakout and rise to 2000.
Gold is testing the support area, forming a liquidity grab and thereby increasing the potential for the upside to continue.
Earlier, the price confirmed the break of the bearish trend. Yesterday's retest of the previously broken boundary is another confirmation of the fact that at the moment the bullish trend prevails in the market and in our case we should look for either strong support to buy or resistance to trade with the "breakout" strategy.
Against the backdrop of correction and falling dollar, gold is feeling good confidence. A breakout of the 1962 consolidation resistance will give a new breath to the market. The moving averages are acting as support.
Resistance levels: 1962
Support levels: 1959, 1954
I expect a break of resistance either now or after another retest with subsequent growth. Medium-term outlook 1970, 1981, 2000.
Regards R. Linda!
NZDJPY - Bearish Head and Shoulders📉Hello Traders!
On The Daily Time Frame, The NZDJPY Price Formed a Head and Shoulders Pattern📉
i'm waiting for a neckline break!
Then, we will see a huge bearish move📉
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TARGET: 84.050🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
ETHUSDTETHUSDT is trading in bullish parallel channel and currently is instrument is trading at the support of bullish channel. Will the price show some bullish momentum from this level.
🥇GOLD - Forming a breakout pattern and growth continuationGold amid a rally halt after a breakout of the global downtrend forms a pattern of breakout and continued upside.
TA on the high timeframe:
1) After the breakout and trend change, the price stops and forms consolidation. The absence of a fall will be regarded as the readiness of the market to continue growth
2) Consolidation is formed near 1960
TA on the low timeframe:
1) against the background of stopping the rally, the price forms a flag
2) The bullish pattern will start its realization after the price breaks the resistance of the figures. In this case the instrument will get a new potential
3) The important zone for us is 1959-1963. The price going beyond it can form an impulse of 1% and reach the area of 1980
Key support📉: 1953
Key resistance📈: 1959, 1963
🥇GOLD - Stopping can lead to corrections and declinesGold stops after an active rally. The price is testing 1963 and forming a double top. Consolidation after resistance breakout may lead to correction.
TA on the high timeframe:
1) Gold is still unable to pass through the resistance of 1963, a bearish candle and a stop is formed on D1. The candle closes below the opening of the previous candle.
2) Price stops after the rally. The next phase begins and the price may form a correction
TA on the low timeframe:
1) gold is up between 1963 and 1953. The range formed is holding back the price.
2) The potential accumulated earlier can push the price up even further, but it should be realized that gold will not grow continuously. A pullback and trapping a certain part of traders is needed
3) The priority is to expect a pullback before further strengthening
Key support📉: 1953, 1949, 1938
Key resistance📈: 1963
GOLD → Active strengthening, retest of a previously broken lineOANDA:XAUUSD has been strengthening during the last two weeks. The signal for this was a false break of support 1907, formed back in March 2022. The price is approaching strong resistance and its growth is starting to slow down. What's next?
Gold is strengthening towards the 1963-1965 area, with a key resistance line close by, which is the previously broken trend support. On Friday, gold draws a false break of one of the local resistances and forms a bearish candle. The session in the first half of the week could be bearish, but for now there are signs that the upside will continue.
Although the Fed is still aggressive, but their policy is not considered as tough as before among traders, speculators and investors. The dollar has weakened quite a bit and continues to fall. The index has broken through a key support area and has entered a range within which it could fall to 95 and even 90, which would be a strong enough momentum for gold to strengthen further to 2000, 2050 and even 2100.
There are several important news releases this week and it is worth paying attention to expectations and the general fundamental background before they are released, as harsh statements can have a strong impact on the price.
From a technical analysis point of view, a strong resistance may be followed by a technical pullback before a further rise. Globally, the situation is neutral and looks even more bearish than bullish, but against the backdrop of the dollar may draw some conclusions.
Regards R. Linda!
Coming up slowly, $0.78On daily TF,
MATIC BINANCE:MATICUSDT has rejected 3 times Ascending Channel and moving up to 0.78
Wait and see
GOLD → Waiting for correction after false breakout OANDA:XAUUSD is breaking uptrend resistance, which confirms a definitive trend change amid a weakening dollar. But what happens at the level of 1960?
The mentioned level forms a prolonged consolidation. The market is trying to make up its mind after the rally, but it is necessary for the market to form a correction or consolidation in a more neutral zone, for example between 1960 and 1940.
If the price forms a correction after the rally and a false break of resistance, it will form a flat with approximate boundaries: 1960 - 1940.
The correction may start when the local support 1955.5 is broken, in this case the price will head to the upper boundary of the channel or to the level of 1940.
A correction after a rally is a predictable reaction in the gold market. In the next few hours the breakout of 1960 is not worth waiting for, the price needs to replenish liquidity.
A retest of MA50 is forming, if the support is broken, the price will give an impulse downward.
Support levels: MA-50, 1955, 5
Resistance levels: 1960
I expect correction before further growth. The price is not ready to break the resistance of 1960, before that it is necessary to test the moving average.
Regards R. Linda!
XTZ - Channeling A Way Through Resistance XTZ, as with the rest of the market, is running due to the court catalysts that i've been posting about all month. 🫡
Recently, after the sell off, the price action has been forming a channel uptrend.
I will publish this on the 4 hour and one day so that the price action is easier to track.
In the near term, price is likely to see some profit taking over the next 4-12 hours, and then we'll likely rebound from the support platform to retest the resistance.
GOLD → Resistance breakout is directed towards a trend changeOANDA:XAUUSD is finally confirming a trend change. The price passes through a key liquidity area and forms a strong momentum. What's happening?
Pay attention to the D1 chart below. The price is breaking the trend resistance. A rather interesting picture is developing in which gold is gaining upside potential towards 2000.
The price is testing the resistance at 1959. Probably, the price can form a correction to the previously broken boundary and the chance for this is quite high. But with a strong consolidation of the price above the level of 1959, a bullish impulse to 1970 or even to 1981 will be formed.
The Fed is talking about rate hikes and aggressive policy, but at the same time inflation is showing a green signal and is starting to weaken from 4% to 3%. Investors and analysts are not expecting a long-term complication of the situation, the dollar is likely to continue to weaken.
The moving averages show a strong support area.
There is strong resistance at 1967 ahead. It is worth paying attention to it.
Resistance levels: 1959, 1970, 1981
Support levels: 1955, 1945, previously broken channel boundary.
I expect consolidation relative to 1959. The market needs to decide on the potential. A correction is possible from the level, but if the bulls hold the area of the key level, the growth will continue.
Regards R. Linda!
XLM Long Idea In the realm of crypto, Stellar claims its throne,
XLM shines bright, a trade strategy to own.
Fibs and channels, a flamboyant affair,
Unleashing gains, with a confident flair.
With parallel channels, we set the stage,
A path to follow, as profits engage.
Fibonacci's charm, in the 0.786 zone,
Where the lower trendline beckons us to own.
Stellar's dance of triumph, a sight to behold,
As it touches that level, a story unfolds.
Outrageous gains, like fireworks ignite,
In this trading game, we'll bask in delight.
So let's embrace the XLM trade,
With strategy and style, we'll make the grade.
Fibs and channels, our guiding light,
As Stellar's potential soars to new heights.
But let's not forget, in this thrilling quest,
To be mindful of risks, and trade with finesse.
With calculated moves and passion in place,
We'll conquer the markets, with grace and embrace.
potential targers
tp1 0.0955
tp2 0.1070
tp3 0.1205
DONT FORGET TO SET SL below 0.074
💱EURAUD - Break of triangle support gives a signal EURAUD failed to break through the resistance at 1.65000. Having formed a false breakdown, the price falls and breaks the support of the ascending triangle, thus opening a red carpet for itself
TA on the high timeframe:
1) Price in range. From resistance, price may reach support in the medium term
2) Weakness on the buy side will lead to a quick test of support
TA on the low timeframe:
1) a break of triangle support is a strong signal
2) Price breaks 1.6364 and heads towards 1.61868.
3) A retest of resistance is likely to follow.
Key support📉: 1.62500, 1.60961
Key resistance📈: 1.63640
MASKUSDT → Tandem signal: resistance breakout and SMA crossing BINANCE:MASKUSDT is forming a correction in the format of a descending wedge. A rather strong consolidation is forming at the base of the uptrend under the resistance of the wedge. What to expect from the price?
The coin breaks through the formed descending resistance and begins to form a bullish impulse.
Since the bullish signal is formed at the base of the trend, the price demonstrates a rather weighty potential of 70-120%
We have a tandem signal: moving averages crossover + wedge resistance breakout.
Altcoins have recently improved dynamics and are starting to show good results, which suggests that the cryptocurrency market may come to life in the medium term.
Support levels: 3,335, trend support, previously broken wedge boundary
Resistance levels: 3,650
I expect a retest of the 3.650 level followed by a breakout. The buy signal is quite strong and there is a high probability that the coin will show bullish dynamics and rise to 4.840 or 6.00.
Regards, R. Linda!
GOLD → Difficult situation: price drop or breakthrough? OANDA:XAUUSD is forming a local ascending channel, at the moment it is too early to talk about global strengthening and change of the global channel, as it needs good reasons for that. What is happening?
The dollar index is breaking the support and testing the next one. The dollar may strengthen a bit, which will provoke the gold to fall, but apparently the dollar is in a different mood and the price may break 101 and go lower.
In this case we will have to watch the 1933-1939 area on the gold chart.
A breakout of 1933 and consolidation (or pattern) relative to the level may form a sell signal and the price will show us a fall. Or another scenario may develop on the chart. In this case, if a bounce from 1933 is formed, we will wait for consolidation near 1938-1939 and an attempt to break the resistance.
A breakout of 1938-1939 resistance will form an attempt to change the global trend and in this case, against the backdrop of the falling dollar, gold may quite confidently change the global trend and the price will begin its strengthening towards 1950-2000.
Support levels: 1933, MA-50
Resistance levels: 1938-1939, channel resistance
I expect that gold is now in a difficult situation, while the Fed is aggressively pursuing its policy, the dollar is still weakening. There may be an increase in volatility, keep an eye on these levels. Good luck in trading!
Regards R. Linda!
🥇GOLD - False break of channel resistance Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level.
TA on the high timeframe:
1) The trend is still bearish, price is under strong resistance
2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form
TA on the low timeframe:
1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse
2) The price inside the ascending price channel makes a false breakdown of resistance
3) The price after the false breakdown may form a correction to the support.
4) Breakout of 1938.915 will give a buy entry point
Breakout of 1930 will give a sell entry point
Key support📉: 1930
Key resistance📈: 1938.915
