Fractal Consolidations Pre-Elections Shortprice swept after london session LRLR (blue box) High adn that was my entry Stop-Loss went above HRLR (red box) and I targeted Previous Week Low which was LRLR at the same time!
Consolidation
SOLANA → Resistance retest. Will there be a reaction?BINANCE:SOLUSDT , after a strong growth, bumps into the conglomerate of resistances formed on D1-W1. It can be assumed that there is not enough potential to break through this area at the moment....
There is a clear resistance of the sideways range with gradually narrowing borders on the chart. This is a consolidation, which is most likely not over yet. The market continues to accumulate potential before further strong movement.
The price reacts very aggressively to the resistance of the figure every time: the retest is followed by a strong decline to the lower boundary.
The actual retest ends with a false breakout and the formation of a reversal pattern and the trigger of the 173.00 zone. Accordingly, if the SOL continues to decline, which leads to a breakdown of support, the market may enter a sell-off phase.
Resistance levels: 183.4, 188.3
Support levels: 173.0, 159.1
I don't exclude that on the background of bitcoin's active growth SOL may make another attempt of a bull run, for example, to 188.4-188.3. But liquidity formed above this zone will not let the price up the first time.
At the moment the focus is on 173.0. A breakdown and consolidation below this area will activate a sell-off...
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BINANCE:SOLUSD ;)
Regards R. Linda!
HelenP. I Euro will make small correction and continue move upHi folks today I'm prepared for you Euro analytics.A few days ago price entered to consolidation, where it at once reached the top part and then dropped to the 1.1040 level, which coincided with the bottom part of the flat with the resistance zone. Then EUR tried to grow, but failed and fell to the resistance zone, after which turned around and in a short time backed up to range. Later price rose to the top part of the consolidation again, where then it reached the trend line and then started to decline. Euro exited from consolidation, breaking the 1.1040 level, and continued to decline. In a short time later, the price fell to the support level, which coincided with the support zone. Soon, the price broke this level and some time traded between, after which rebounded up, breaking the 1.0810 level with the trend line. To this day, the price continues to grow, so, I expect that EURUSD will make the small correction and then continue to grow next. So, that's why I set my goal at 1.0975 points. If you like my analytics you may support me with your like/comment ❤️
GBPUSD → Confirmation of a trend change. The Bear ZoneFX:GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
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Regards R. Linda!
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown
Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.
From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓
If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.
Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111
It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed
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Regards R. Linda!
ETHEREUM Sideways action until proven otherwiseThe trading idea behind it is simple. Ethereum will not move anywhere until it breaks out of this range. Until then, there is no reason to trade. The coin is consolidating and patience is the key here.
GOLD → The calm before the storm. News ahead... FX:XAUUSD is at a strong resistance of 2790. Traders are getting nervous before the news. Risks as well as the price are rising. PCE, Initial Jobless Claims, Chicago PMI are ahead.
Traders have taken a wait-and-see stance ahead of the news. PCE along with NFP on Friday should give an insight into the Fed's interest rate outlook. Against the backdrop of a steady US labor market, a 0.25% cut is the most likely scenario. The metal is holding back any fall that could be seen as a correction due to election uncertainty. There is not much time left. As well as news from China and the escalated conflict in the Middle East.
Technically gold is in a range, the chart indicates stronger levels and liquidity zones. The most probable scenario is a retest of one of the support zones and further growth after liquidity capture. Targets in such a case could be 2789-2800.
Support levels: 2771, 2758, 2745
Resistance levels: 2789, 2800
It is not excluded that there may be a strong shakeout on the background of the news. Market behavior at the moment will depend on the actual data. The reaction may be extremely aggressive.
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FX:XAUUSD ;)
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GOLD → Risks are rising and so is the price. News ahead! FX:XAUUSD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race.
Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold.
The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks.
Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa.
Resistance levels: 2789, 2800
Support levels: 2777, 2771, 2758
Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable.
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Regards R. Linda!
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR.
The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth.
If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term.
Resistance levels: 166.06, 166
Support levels: 165.68, 165.14, 164.95
The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse
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Regards R. Linda!
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs?
Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP.
Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data.
The overall environment is complicated due to the US presidential race.
Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy.
Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities!
Resistance levels: 2758, 2775
Support levels: 2745, 2728, 2724
Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently:
1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800
2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth.
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Regards R. Linda!
Fractal Consolidation Long Entry Trade RecapPrice swept LRLR (blue box) and overall I was bullish from the Higher Time-Frame then I waited when price breaks HRLR (red box) after price closed above HRLR I entered the trade and targeted another HRLR which was also Previous Week High.
WLD → The bottom in the coin is formed. Readiness... BINANCE:WLDUSDT is confidently trading within the ascending channel. Bulls are aggressively guarding the area of ascending support. At the moment, the price is changing the local market structure into a bullish one, which may become a prerequisite for further growth
The focus is on the 2.053 zone, which divides the market plane into bullish and bearish. After forming a rebound and consolidation, the price breaks the resistance and tries to consolidate above the level, which, at the moment, is already acting as support.
If the bulls are able to hold their defenses above this area, the coin can easily reach the mentioned targets on the background of the rising bitcoin, which can have a favorable impact.
Support levels: 2.053, 1.883, 1.787
Resistance levels: 2.325, 2.533
Technically, we have a bullish trend and resistance breakout, which can be considered as a buyer's willingness to go higher.
Accordingly, the strong zone of 2.053 may provide strong support for the price
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Regards R. Linda!
GOLD → Consolidation amid a bull run. What to expect?FX:XAUUSD is forming a sideways range of 2758 - 2713. Relatively strong support is forming to confirm the buyer's intentions, and the fundamental background is still favorable for the ATH retest
The dollar continues to rise on the back of a less aggressive easing cycle from the Fed, as well as the upcoming US election. In general, this is a negative leverage against gold.
BUT. The decline in the gold price remains limited due to renewed expectations of additional stimulus measures in China, as the largest gold consumer in the world, and the situation in the Middle East, where there is no hint of de-escalation of the situation.
The situation, technically, is simple. Trade inside the range and exclusively from strong levels. A possible retest of the range boundary, post facto, will determine the future prospects.
Resistance levels: 2745, 2758
Support levels: 2728-2724, 2713
Bounces or false breakdowns may be formed against the boundaries, as gold is flat. Another retest of resistance may lead to a breakout and growth towards ATH. It can also happen after the support retest before further growth
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Regards R. Linda!
SCR → The dump continues. How far will the coin fall?BYBIT:SCRUSDT is in the dump phase after listing. The coin is losing 40% and is not going to stop yet. After a strong fall, the coin does not bounce back, but forms consolidation before a possible continuation of the fall...
The reasons for the cold reception in the cryptocurrency community are quite objective:
Rumors have surfaced that the founder took most of the coins from the amount allocated for airdrop, depriving active users, accordingly, people got few tokens... Criticism among the community regarding the design of the project. The Binance Launchpool whales got access to SCR early.
Technically, the picture on the chart also points to weakness... The coin is unable to form a pullback or correction and update the local high. It can be seen that the bears are creating a huge pressure...
Resistance levels: 0.9533
Support levels: 0.882, 0.8, 0.7
Accordingly, a retest of the resistance is possible before a further fall. It is not excluded, if the development team puts forward some announcement or news that can bribe speculators, in this case the coin can give a strong impulse upward, which will break the structure, but this is not the case yet.
The fall will continue after the support breakdown...
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Regards R. Linda!
STX Consolidation and Potential Rally AheadMarket Overview:
STX has been consolidating within a range established since June, currently testing potential resistance in the October 25th bearish gap ($1.701–$1.768).
Bulls are showing strength in this zone, hinting at the possibility of a rally, especially if traders begin "selling the news" following an upcoming release.
Key Levels to Watch:
Resistance Targets:
First target: Stops above the October 24th swing high at $1.842.
Next resistance: $1.884 (October 20th level).
Further resistance around relatively equal highs at $1.962, $2.000, and $2.074.
Support Levels:
Initial support: $1.652 (last week's candle tail midpoint).
If bearish pressure continues, further support may be tested near $1.560 and $1.530.
Potential profit-taking could occur around September 16th's swing low at $1.470.
Outlook:
A sustained bullish momentum could propel STX towards the upper resistance targets, supporting a continued rally.
Conversely, if bearish sentiment prevails, the price may test lower support levels, indicating a need for caution among traders.
#STX #CryptoMarket #Consolidation #BullishPotential #TechnicalAnalysis
NZDJPY → Consolidation before breakout and distributionFX:NZDJPY is forming a pre-breakdown consolidation amid the weakening of the Japanese national currency. There is a chance to get out of the accumulation...
The potential, if the bulls hold the victory and go outside the channel, is quite high. Above 92.00 there is a free way to 94.4 - 98.87, there is no resistance that can prevent the movement.
BUT, for this to happen, the buyers need to be able to utilize their potential.
On H4, a global range of 91.9 - 86.5 is forming. But, more remarkable is that a strong consolidation is forming near the upper boundary of the channel, hinting at a possible upside realization.
Resistance levels: 91.975
Support levels: 90.788, 90.03
Technically, there is no pullback at all from the resistance at 91.97. Accumulation before distribution is forming. A break of 91.97, which may happen soon, may trigger a strong bullish momentum
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Regards R. Linda!
GBPJPY → Buyers increase positions to break 195.5 ↑FX:GBPJPY continues to climb purposefully towards 195.5, forming a consolidation in the form of an ascending triangle. The goal of this maneuver is to break the resistance with further continuation of the upward movement...
The bulls are trying to keep the defense above the key support at 193.5. The change of the fundamental background for JPY strengthens the sales of the national currency, which favorably affects, in our case, GBP. As a consequence, the market starts testing 195.5 with the aim of a breakout. GDP in UK remained at the same level of 0.2%. There is important news ahead - PPI. Based on the previous economic data, we can assume that PPI will also support the dollar, which will negatively affect the JPY. On the background of this influence, the bulls will be able to overcome the key resistance.
Support levels: 193.5, 191.7, 190.0
Resistance levels: 195.5
The acutal situation on the chart is directed towards the continuation of the movement. The market structure is changing, the fundamental background is on the side of the buyer. We are waiting for the breakthrough of the key resistance (trigger) and the continuation of growth...
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Regards R. Linda!
GOLD → Retest of range support in a bull marketFX:XAUUSD is trading inside the channel and is not yet ready to approach the resistance with the target of ATH retest. Profit-taking amid increased risk due to news, economic data affect the price of metal.
Price is closing inside the range of 2748-2713. A support retest is forming and liquidity capture may reignite upside interest. Traders are waiting for the Fed's actions: which side will the regulator take - aggressive or conservative strategy of policy easing? We should not forget the uncertainty around the US presidential election combined with growing geopolitical concerns in the Middle East.
For today, all eyes are on Durable Goods Orders (MoM) (Sep), which could provide new hints on the state of the US economy
Resistance levels: 2722, 2729, 2737, 2748
Support levels: 2713 (trigger), 2702
Emphasis on 2713. Price may test this area. Based on how buyers are defending the support, the market may form a false breakout and bounce to resistance. But, if the bounce is minimal, and then the price starts to retest 2713 and consolidate, we have increased risks to break the support. In this case, the price will head towards 2700-2685
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Regards R. Linda!
EURGBP → Attempting to break through the resistance.FX:EURGBP is breaking wedge resistance and consolidation resistance after prolonged consolidation. The reason is the change of the local euro rate.
If the bulls are able to keep the defense above 0.8346, then in perspective the currency pair will be able to move into the realization phase, which will allow the price to reach 0.838 - 0.842.
The fundamental background for both countries is similar. The general course of interest rates reduction and dependence on the growing dollar. But the local sentiment allows pointing to a more positive mood among those willing to buy EUR.
Resistance levels: 0.8346, 0.8384, 0.842
Support levels: 0.8316
The price is in the risk zone, where there is a struggle between the participants. The focus is on the buyer. If he can consolidate his positions above the previously broken wedge resistance, then above the consolidation resistance at 0.8346, it will be the beginning of realization.
Regards R. Linda!
GOLD → Bullish flat (consolidation). News aheadFX:XAUUSD corrects to 2713, confirming strong support. We talked to you about the risks yesterday. Bulls have been actively buying the metal since the start of the Asian session, hinting at strong support...
Further gains in gold remain dependent on the upcoming PMI and jobless claims data. Traders are awaiting information on the state of the global economy, which will influence the short- to medium-term strategy against the dollar and gold...
Market nervousness ahead of key reports in the US and the presidential election will also play a role. Any potential decline in the gold price is likely to be contained for several reasons: the BRICS summit, the US elections, the ongoing Middle East conflict. In this case, gold acts as a safe haven.
Resistance levels: 2748, 2758, 2775
Support levels: 2729, 2713
ATH may be tested in the near future. Further news and high volatility, high risks may provoke profit-taking, which may bring gold back to support. And after correction the growth may resume due to strong enough interest from buyers....
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Regards R. Linda!
BITCOIN → False Breakout & Bearish Engulfment ↓ BINANCE:BTCUSD entered a strong buying zone (68900) within the rally. BUT, the expected growth did not happen, the bulls could not realize the potential. A bearish engulfment of the last three bars is formed and actually - a false breakdown of the descending resistance...
The growth formed from 59K is partly connected with the election race in the USA, economic revival in China, as well as economic news. But apparently, this energy is not yet enough for the price to easily overcome 68-69K with a target of retesting 71-73. The resistance zone of 68.4-69.4 is putting pressure. Buyers are taking profits, while bears, seeing the strong resistance zone, are trying to resist.
The structure will break down if the price breaks 69400
At the moment, we see a bearish engulfment forming relative to the previous three bars, and this is a strong enough signal. Consolidation below resistance is forming, a small correction may be formed, the first target of which may be 65K, then 61-58-57.
Resistance levels: 68400, 69400, 71500
Support levels: 66500, 65000
After the false breakdown, the price consolidation is formed below the resistance, which indicates the pressure from the sellers. This may provoke further downward correction.
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Regards R. Linda!
EURUSD → Is a 300 pips drop not the limit? What's next?FX:EURUSD reaches an important target. As part of the realization, the price passes 300 pips. The fundamental background for further rate cuts is generally favorable
The strengthening economy in the U.S. combined with a growing dollar (extreme rally of the index), the rate of interest rate cuts in Europe are doing their job. The fundamental background for the currency pair is weak, accordingly, in relation to this situation, in the medium term it is worth considering the continuation of the decline.
The price reaches 1.078 - the liquidity zone. The pool of liquidity below this zone can push the price away, forming a correction to the imbalance zone, or to the local maximum, from which we can further consider the continuation of the fall.
Resistance levels: 1.085, 1.087
Support levels: 1.078, 1.067
The last time the level was tested in early August. This fact in tandem with an aggressive fall of 3% may form a rebound due to the lack of technical potential to break the support level. Consolidation or correction may allow the market to accumulate strength...
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Regards R. Linda!
USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set...
From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD.
The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume...
Resistance levels: 147.38
Support levels: 147.5, 147.2, 146.15
On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0.
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Regards R. Linda!
