AUDNZD bottom has been reached?We are potentially seeing a double bottom formation on AUDNZD and considering that price is near 88.6% Fibonacci support, which could be the point when the trend reverses to the upside.
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SFPUSDT uptrend starts hereFor over a week SFP price has been hovering near the 61.8% Fibonacci retracement level. Buyers remain in control and therefore we expect quite a strong uptrend in the days to come.
USDCNH final jumpUSDCNH is still trading within the ascending channel, which validates the uptrend. It is possible that the price will break below, for as long as it holds, expect a short term rally.
Newmont Corporation shows short-term bullish momentum 🚀NEM has broken above the wedge pattern, indicating bullish intentions. The current price action looks promising and we could see a short-term demand. However, for this scenario to play out, it's essential to avoid a new lower low (LL).
USDJPY Poised for Potential Reversal as Price Holds the SupportThe USDJPY 4-hour chart has just closed right at the key 61.8% Fibonacci support level, which is a bullish signal in itself. Additionally, the uptrend trendline is holding steady, adding further weight to the bullish case.
However, to confirm this potential uptrend, it's important that the price remains above the current demand zone. If this is the case, we could expect to see a relatively strong pullback to the upside in the mid-term, providing an excellent opportunity for bullish traders.
DARUSDT reversal pattern taking placeDARUSDT has started to show new highs, suggesting that the sentiment is shifting toward bullish domination. This could also be the beginning of a major growth.
AAPL (Apple) is likely to continue printing new highsApple remains within the ascending channel, and right now trading at the bottom of it. This is a great RR buying opportunity, especially considering a strong long term bullish trend.
BCHUSDT could have bottomedAfter price found the support at 61.8% Fibonacci retracement level, we could see quite a strong demand. Right now price has corrected down, offering yet another opportunity for buyers.
JASMYUSDT fast pushAfter breaking above the triangle, the probability favors the short-term uptrend. We have a buy limit order, slightly below the current price.
XMRUSDT H&S pattern remains validAfter an expected pullback, we are re-entering the XMRUSDT long as it offers a much better risk/reward opportunity.
DGBUSDT uptrend is nearly imminentThe recent pullback on Digibyte may have increased the probability of an uptrend swing, but it's important to approach with caution. Our original entry was much lower, but we're sharing this analysis in case you missed the opportunity.
DOTUSDT interesting price actionDOTUSDT is currently trading at the bottom of the ascending channel. A very interesting buying opportunity indeed. We are certainly taking this one serously.
XMRUSDT potential inverted H&S reversal patternXMR has rejected the uptrend trendline, after which the price has produced a new higher hight. This by itself is a bullish sign, but we must not forget about the potential Head and Shoulders reversal pattern, which is also taking place.
XTZUSDT uptrend continuesThis is our second analysis on XTZUSDT. The first is already well in profit, but we'll attempt to chase a second upside target at 88.6% Fibonacci level.
OXTUSDT to produce a new HHOXTUSDT has successfully broken out of its descending channel and is now trading near the 61.8% Fibonacci support level. This is a crucial area for the bulls, as it provides a potential launchpad for a rapid rally to the upside. However, for this rally to materialize, the recent LL must hold. If it does, we could see OXTUSDT making significant gains in the coming days.
CELOUSDT: High Probability Trade OpportunityCELO is looking amazing as the price is rejecting a key demand zone. This rejection presents a good starting point for a high probability and good risk/reward trade opportunity.
Although the target is conservative, it adds up to the probability. Traders can consider buying CELOUSDT at the current price level and setting a stop loss below the demand zone to manage risk. Alternatively, traders may wait for a pullback towards the demand zone to enter the trade at a lower price point.
In conclusion, the technical analysis for CELOUSDT is promising, and traders who take advantage of this opportunity may potentially reap significant profits.
ALGOUSDT great RRAlgo stands at the double Fibonacci support, which implies a potential short-term rally throughout this week. A new lower low will immediately invalidate bullish outlook, but for now things are looking bright for ALGO.
COCOSUSDT rally after the breakoutCOCOUSDT has broken above the downtrend trendline after bouncing off the demand zone. These are signs of a potential rally, that should start very soon.
GRTUSDT is going to blowGRTUSDT has repeatedly respected the uptrend trendline. This is an amazing confirmation of strong bullish momentum. We are certainly going to capitalize on that.
XTZUSDT short term uptrend is almost imminent!XTZUSDT has exhibited an impressive rebound off the key 61.8% Fibonacci retracement support level, suggesting strong underlying demand from market participants. This bounce has created an intriguing setup for a potential upward move toward the next 61.8% Fibonacci retracement level, which is likely to serve as a formidable resistance barrier. The confluence of Fibonacci retracement levels with other technical indicators can often provide valuable insights into potential market trends, making this an exciting development for traders and investors alike.
AUDCAD Approaching Key Resistance with Potential for DowntrendThe AUDCAD pair has retraced to a significant resistance zone, where sellers have established a strong presence.
Unless a new higher high is formed, the market appears poised for a sizeable downward move.
Traders may find this setup particularly attractive, given the potential for an excellent risk-to-reward ratio.
LITUSDT Bulls Defend Key Support, Potential for Upside SwingIn recent trading, LITUSDT bounced cleanly off the 61.8% Fibonacci retracement level, a sign that the bulls have successfully defended this critical support.
As long as the price remains above this level, we can expect to see the cryptocurrency make its next upside move within the next few days.
Based on our technical analysis, we believe LITUSDT is heading toward its previous high.
