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SasanSeifi 💁‍♂️INJ👉1D🔻 6.50$ / 5.50$Hey there! In the daily timeframe, as you can see, the trend fluctuates within the price range of $5 and $10. ▫️ Currently, it's trading around the $7.20 price range. The expectation we can have is for the price to continue towards the price range of $6.50 and the support zone of $5.50 with a corrective trend. To better understand the continuation of the upward trend, it's important to observe how the price reacts to the support levels during this correction. Otherwise, if the price manages to break above the resistance level of $8 and establishes itself, we might witness further growth towards the $9 price range. For now, the trend appears to be corrective.📊 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️✨ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Short
by SasanSeifi
BTCUSD DailyThere re 2 posibilities tht i have in my analysist. Red path and Blue path. Red Path : not able to break from nearest demand area, then go up until nearest supply area, then goes down again to retest demand area on 265xx Blue Path : able to break nearest demand area then go to nearest support or next demand area. after that, it will bounce up to supply area around 298xx, then will go down again to 171xx with a couple of sideways ofcourse. overall, it's starting to show the downtrend. use confirmations if u wanna buy or sell. don't forget stop loss.
BINANCE:BTCUSDShort
by Dissy_Ardjani
24.75K and pullbackMorning folks, BTC performance once again shows that fundamental factors always dominate over news stream and hype. First is, we've got first Jacobi ETF in EU - and nothing. Investors start doubt about explosive reaction on BlackRock and Fidelity ETFs, whether people will bring their funds there. Second - while US yields jumped above 4% - BTC has collapsed. We expect further yields growth, rising CPI and possible another rates hike from the Fed this year. Technically, current drop breaks the back of the bulls. Drop under 24K area will open road to 12-15K lows again. Meantime, in short-term we expect reaching our final 24.75K daily target and moderate upside bounce then, as BTC could start forming big daily/weekly H&S pattern.
COINBASE:BTCUSDShort
by Sive-Morten
SasanSeifi 💁‍♂️XMR👉1D🔻 149$ / 145$Hey there! In the daily timeframe, we can certainly see that after a rise from the $172 range, there was a corrective trend. And now that the price has broken through the LOW $155 mark, I'm kinda thinking we might see it adjust around the $149 and $145. However, it's always good to see how the price reacts at support levels. What's your opinion? Do you agree with this analysis? Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
XShort
by SasanSeifi
XAUUSD Gold daily breakdownI have returned from my travels, apologies for the lack of ideas over the past 24 hours! Gold closed below the key support area of 1903 on Tuesday, and wednesday saw the expected reaction of price continuing down especially with FOMC minutes adding to the move. What can we expect from here? To keep it brief, on a daily timeframe I'm expecting 1965 to be tapped as a liquidity grab, if we see todays Daily candle flip from bullish to bearish there is a high probability we push down towards end of August. Key thing to note - The monthly still has no top wick! That is a lot of liquidity left to grab at the 1980 area however, to see the monthly candle push 80+ pips and then flip would take a lot of momentum so whilst it's unlikely to happen in September, it's something to bear in mind if you are bullish.
OANDA:XAUUSD
by FriesianFX
28.1 & 26.5KMorning folks, So, market once again tells that fundamentals - rules, confirming our mid term bearish view and slowly but stubbornly going to our 28.1K target. Potential bullish scenario of rounding bottom (or cup), has failed, that we've mentioned last time. Now, we're watching for 28.10K downside AB-CD target, with potential continuation within few weeks to 26-26.5K area. The major reasons - take a look at the US yields. We expect that it will be higher, with next 10-year yields target around 5% within few months: Inflation will turn up again in the US as soon as mid September starting new upside spiral. We expect to see 2-digit inflation in the US by the end of 2024 early 2025. (If everything will not break earlier).
COINBASE:BTCUSDShort
by Sive-Morten
Interesting point to considerGreetings everybody, BTC picture remains tricky. Fundamentally, we do not see any reasons for BTC rally and keep untouched OP target that we are discussing in lat two weeks. Still, since market is forming symmetrical round bottom on 1H chart, it seems it stands now in perfect position for long entry where risk/reward ratio is maximal. It doesn't guarantee success, but, gives chance to get minimal possible loss. Because if it goes up - it should go right from here. Otherwise it collapses. So, if you have reasons to buy - you could consider current area For confirmation of bullish changes market has to move above 30.4K level and form bullish reversal swing.
COINBASE:BTCUSD
by Sive-Morten
Gold D Sell Idea 7/29/23Gold D has formed a M. Friday was the retest of the neckline for that M. There has also been a bearish break and retest of a W trendline on the daily. The 4H has hit 50% of the FVG (fair value gap) that was created and started to drop. The W trendline has not been closed above on the 4H time frame. The 1H has created an evening star at the 4H FVG, also having a bearish break and retest on the W trendline. Looking for price to continue bearish possible to the D Zone created 7/6/23 around 1911.00. At the least price should fall to Fridays low around 1945.53, a good 137+ pips from where price closed on Friday.
FOREXCOM:XAUUSDShort
by cecedidit
USD/CAD Bearish setup is coming!On this pair, we have a bullish setup on the daily chart with a double impulse trendline. Currently, the price seems to be closing below a very important resistance level at 1.3380. If the market closes below this level, we could expect a downtrend towards the 1.3240 level, where we have a valid trendline with a higher timeframe FVG (Fractal Volume Gap) confirmation in the H1 chart. This would validate the bullish trendline. Additionally, if the M15 chart confirms the setup, I will aim for a long trade with an entry at the FVG zone and a target at the previous high around 1.3650. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney
XAUUSD Gold daily breakdownLooking at the daily timeframe after Fridays bullish closure hints at price wanting to continue up after creating a new support in the AOI marked in red The only issue is that the daily candle has no bottom wick so I would anticipate a liquidity grab of this area before we can see price continue. This morning saw a liquidity grab on the 1950 level which was to be expected as it broke the recent lows, so any move up from here would see price test 1960-1962 where I would wait for confirmation for sells back down.
OANDA:XAUUSD
by FriesianFX
XAUUSD Daily breakdownPost FOMC and unemployment claims has finally given us the high volatility we've been waiting for. We saw price test 1980 before falling 40$ and closing below 1954 which was a strong level of resistance. As far as the daily timeframe is concerned, we are in an area of indecision which means we could reject any support or resistance here at any level and just range like we did on the 24th May until the 20th June. Alternatively, the market picks a direction and pushes straight through. What will be the catalyst for it? Well, We have PCE tomorrow (what people call the FED's favourite inflation indicator) and NFP next week. This is the perfect set-up for a push down. Why down? Main reason is the weekly candle has flipped from being strong bullish to bearish. That is significant for price action, and all it takes from here is another $30 drop in price on Friday and Monday for the monthly candle to close bearish after testing the 1980 level, which for me would be the most obvious indicator that we will be visiting the low 1800's. Thursday 27th was a great day for trading with 3 trades based on levels posted, and it was all from being patient. As always, be patient, wait for the market to tell you what it is most likely to do next, and then act. Feel free to request any charts in the comments below and let me know what you think!
OANDA:XAUUSD
by FriesianFX