Gold analysis of September 2022 TF DayRegarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C .
Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again.
For SHORT side
Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal trend.
Short-term trading
Sell 1698-1700
TP 1689/1685/1680
SL set according to your margin
Next week's target (medium-term) is around 1645
Next week's target (long-term ) is approximately 1570-1563
For LONG side
If gold cannot break 1680, it could rebound at this solid support. Probably see a double bottom at this level.
Good luck!!
Forcast
EUR/USD Downside Pressure!• The EUR/USD closed the gap, but it ran into resistance at 0.9980 and crashed again. The price failed to retest the downtrend line, indicating that there is significant downside pressure.
• It has fallen below the 0.9899 static support once more, but the weekly S1 (0.9880) has stopped the sell-off. The bias remains bearish as long as it remains below the downtrend line.
➥ CONCLUSION: A valid breakdown below the S1 (0.9880) and a bearish close below it triggers further declines and may bring short opportunities. The S2 (0.9810) stands as a potential downside target and obstacle.
Good Luck Traders!
XAU/USD Bearish Pattern!• The failure of XAU/USD to remain above the weekly pivot point of 1,715 and above the uptrend line indicates that the leg higher has ended and that sellers may take the lead.
• In the short term, the gold has attempted to retest the broken uptrend line and pivot point, thereby confirming the breakdown.
➥ CONCLUSION: More declines were signaled by a break below the 1,707 static support. In reality, the breakdown was seen as a short opportunity. Because gold is strongly bearish, it might approach and surpass new lows. If the rate continues to fall, 1,688 might be a viable objective.
Good Luck Traders!
Chainlink found support on WEEKLY RSISupport and possible bottom reached on weekly RSI. sitting at under sold and a curl up will confirm Chainlink has found support on top of weekly downtrend line. Look for a $13-$16 coming in the next month or so. Pattern currently follows a break out during the autumn Equinox Sept 23rd. Good luck and happy trading.
ETH Forecast 4HrWhats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
Price has broke major/internal structures.
We have the creation of trendline liquidity as inducements to be taken.
We have an unmitigated Whale Block created which will fill our imbalance into the zone.
If supply hold and we get LTF Confirmations, we will be looking for price to hunt the buy side liquidity.
However, we have imbalances right above supply too, price could fill that first before continuing bearish. Important to be patient and wait for LTF Confirmations
Remember we are trading human emotions and probabilities
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HooRaa
Chainlink continues bearish trend $3.96-$4.20 possible future for Chainlink if support can't hold on second pump to $7.50 area. Long outlook possible retest $9 if this holds pump to $12.
$BTCUSDT - Last Opportunity to Long | heading to $28k soonAs we seen in last week btc got good volume in upper which makes BTC bullish in weekly side.
In Daily chart, it breaks the trendline and retested it already now the next resistance is 28k dollar. we can see 28k dollar in next 15-20days.
you can take swing trade at current price with good R:R ratio
GOODLUCK .
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✅CRUDE OIL KEY LEVELS| ANALYSIS💥
✅CRUDE OIL is going down in the falling channel
And is now retesting a strong key support level
So I have got a mixed bias on the commodity
But the further direction of the movement
Will depend on whether the support gets broken
Or IF we see a breakout from the falling channel
ANALYSIS💥
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Buy and Sell possibilities for Chainlink Simple chart to guide buy and sell opportunities. This is just a projection. Do your own research.
BTC 22k range first and 93k ? BTC BTC BTC
WE START THE ciycle from the (10 dec 2018 price was 3122 $ ) here were wave 1 start and it hit ( 13k$ at 24 jan 2018 )
we had a nice zig zag correction (5 waves down inside wave A followerd by ABC inside wave B followed by 5 waves down inside wave c )
we HAd zig zag correction ABC AND we found the bottum at ( at coved in 16 marc 2020 price was 3850$ )
here we finished wave 2 corrwction and we start a big wave 3 impulsive it end at ( 2021 / apr /12 price was 65k )
AT 65k bitcoing start ABC correction WE call it ( expanded flat correction )
us we can see wave A from the correction start from ( 65k 2022 12 apr ) and it end at ( 2021 / jun / 21 price was 28k )
WE start wave B and it gose above the last ATH and it end at ( 69k 2021 /nove /15 )
AND now we in wave C the final wave off the ( expanded flat correction ) expect this to end at 18-23k range
1- quations why u think this( expanded flat correction ) ?
2- why u think this will go higher ?
answers
1- we start wave 1 and have a zig zag correction on wave 2 { that's 70% sine we could have a ( expanded flat correction ) OR ( daignal correction ) }
we saw wave B make a new high so that's why this is an ( expanded flat correction )
2-
Awe in 5 impulsive waves sinse 17 dec 2018 we finished wave on wave 2 wave 3 ( and now we in wave 4 the ocrrection wave and it took the ( expanded flat correction )
so if i am right we will se btc hit 90k at less on wave 5
B
if we check the RSI we see a falling wedge at the must 70 % this break to the up side ( and RSI is other sold rn )
if we see the chart we can see bitcoing if just drop so hard from wave B from 69k and didn't have any corraction all the way down so that's sine they will come back to
69k market makers they left liquidity up the will go to take it
possible paths for BTCit is obvious that the main direction is downward, a probable reversal pivot on the purple bermuda level could be expected but befor that it should eat the tiny one minute red bermuda on 28.5k
predicting which level could be our reversal pivot needs to know how much level has eaten from last downward movement. unfortunately I don't have enough data to find low time frame(less than H1) levels from past ...
strength of each level depends on its time frame. till we have bunch of purple levels on 46k, I'm sure about downward trend...
I think probability of path 1 > path 2 > path 3 > path 4
they are going to break the low ( 26.7k ) but each path could have own final destination ...
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
BTC Bottom may not be over yet.Currently BTC pumped to $41500. But I'm looking at the chart and seeing 43.3K may be our high. BTC may crap the Bed and take us back down to 28K. Keep an eye on your support levels over the next week or so. On the upside if BTC finds support and holds around 38K, Bulls are back and the Bear winter is coming to a close.
Key points to look for on Chainlink Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
Break out or Break Down for Chainlink Testing support @ $10.45 could possibly see a Break out to retest $12. Either way looks bearish as both current positions are a bearish triple top @ $10 or $12 If no further progress is made.past the $12 previous high.
Close but no Cigar for Chainlink!!Looks to good to be true, but this is just another failed attempt to try and break resistance @ $11.50. If and when it fails we will see $9 inevitably. But on the upside that would be our final destination. Good luck! Just my opinion