EURUSD: Are we in a recessionary environment? Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09500 support and resistance area.
Trade safe, Joe.
Technicalanlysis
Strong Bearish Momentum on CardanoHey Traders, in today's trading session we are monitoring ADAUSDT for a selling opportunity around 0.3870 zone, Cardano is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.3870 support and resistance area.
Trade safe, Joe.
HelenP. I Gold will make impulse up of trend line to $2075 levelHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the trend line, thereby breaking the support level, which coincided with the support zone, but when XAU reached this line, it at once rebounded up. Then Gold made an upward strong impulse up to the resistance zone, thereby breaking 1975 and 2075 levels, but soon declined below the 2075 level, breaking it again. Next, the price continued to decline to the trend line, which coincided with the support level, after this price rebounded and in a short time rose back to the resistance zone again. Soon, Gold rebounded from this zone and declined below the 2075 level to the trend line, but at the moment it has not reached this line. Now price continues to decline inside a wedge, and in my opinion, Gold will reach the trend line and then make an impulse up to the 2075 resistance level. That's why this level is my target. If you like my analytics you may support me with your like/comment ❤️
Quick Trade for BNB/USDT. | Technical Analysis for BNB/USDT Hi Traders,
Here is the Technical Analysis of Binance Coin BNB/USDT. So you can Enter at the given levels.
You can take a Quick Entry as the Market Sentiments is in EXTREME FEAR. So there is a huge chances of reversal.
Make sure that you use a Stop-Loss.
So take trade accordingly and add your some technicals and make some good Money.
Disclaimer : Crypto Trading involves a high risk. Make sure that you do your Technical Analysis too. Make sure that you don't use much leverage.
EXPECTATION OF A BULLISH MOMENTUM IN WIPROAs per the 2H Chart of WIPRO, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 638.40, the stock is being expected to initially face a resistance at the levels of 645.05, 652.25, and at around 658.75. In addition to this, the stock may face a support at the level of 633.55, on a closing basis.
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Cardano Price Analysis — November 29As mentioned earlier, ADA has remained in a steep bearish bias ever since it clocked $3.160 in early September. The sixth-largest cryptocurrency hit a multi-month low of $1.417 yesterday but has rebounded near the $1.600 mark as it remains under intense uncertainty. That said, with the minor bullish comeback across the broader market, we could see a slight bullish continuation/pullback from yesterday’s rebound towards the 200 SMA area at $1.876 over the coming days.
Meanwhile, our resistance levels are $1.650, $1.700, and $1.780, and our support levels are $1.550, $1.500, and $1.445.
Total Market Capitalization: $2.56 trillion
Cardano Market Capitalization: $52 billion
Cardano Dominance: 2.03%
Market Rank: #6
Bitcoin Price Analysis — November 28 (4-Hour Chart)Following its FUD-induced fall, BTC has found some support at the $54,000 pivot base, as the market witnessed a bearish slowdown on Sunday. That said, the next course of action for the benchmark cryptocurrency remains shrouded in uncertainty. Nonetheless, if BTC continues to prevent a bullish slide below the $54,000 line over the coming hours, we could see an increase in bullish traction towards the $57,000 - $58,000 soon.
Meanwhile, my resistance levels are at $55,000, $55,500, and $56,700, and my key support levels are at $54,000, $53,000, and $52,000.
Total Market Capitalization: $2.45 trillion
Bitcoin Market Capitalization: $1.02 trillion
Bitcoin Dominance: 42%
Market Rank: #1
Bitcoin Price Analysis — November 23Despite having positive on-chain metrics, BTC still struggles to muster any bullish traction as bears keep the pressure. The benchmark cryptocurrency currently trades above the critical $56K - $53.7K pivot zone, which until last Friday remained unbroken for six weeks. That said, if bears lack the strength to push the price below the upper limit and towards the $54K zone, we could see a bounce in the coming hours towards $58K. A successful push towards the $58K level should help BTC secure a move to the $60K psychological mark.
Meanwhile, my resistance levels are at $56,700, $57,500, and $58,000, and my key support levels are at $56,000, $55,500, and $55,000.
Total Market Capitalization: $2.52 trillion
Bitcoin Market Capitalization: $1.05 trillion
Bitcoin Dominance: 41.8%
Market Rank: #1
Bitcoin Price Analysis — November 21Following the recent plunge to the $53,760 low, which aligned with my previous $56,100 - $53,755 pivot zone, BTC recorded a mild bullish recovery near the $60,000 mark, although recorded a minor dip to the upper-$58,000 area earlier today. This minor correction aligns with my eleven-day-long descending channel, indicating that this channel is crucial to the near-term price action of BTC. That said, as long as the benchmark cryptocurrency holds above the $58,000 support, we could expect to see a break above the $60,000 barrier soon. However, failure to sustain itself above the cryptical $58,000 level could trigger another correction to the base of my channel at $54,000.
Meanwhile, my resistance levels are at $60,000, $61,000, and $61,785, and my key support levels are at $58,000, $57,500, and $56,700.
Total Market Capitalization: $2.64 trillion
Bitcoin Market Capitalization: $1.11 trillion
Bitcoin Dominance: 42.3%
Market Rank: #1
Binance Coin Price Analysis — November 19Binance Coin (BNB) has regained some upward momentum, following a debilitating bearish market over the past week. The third-largest cryptocurrency unexpectedly fell to the $520 low amid intense bearish pressure. However, the trading sentiment saw a sharp reverse around the $520 support, confirming a broader upward trajectory for BNB. That said, it is likely that the recent bearish row might have ended as my technical indicators overwhelmingly support this thesis. Regardless, BNB could suffer minor dips along the way but would remain above my ascending trendline.
Meanwhile, my resistance levels are $580, $600, and $620, and my support levels are $560, $540, and $520.
Total Market Capitalization: $2.57 trillion
Binance Coin Market Capitalization: $95.9 billion
Binance Coin Dominance: 3.7%
Market Rank: #3
Shiba Inu Price Analysis — November 19SHIB has suffered a crushing decline over the last three weeks after it peaked at $0.0000885. The meme coin remains unable to break above my three-week-long descending trendline as it recorded its lowest point since October 25. That said, the eleventh-largest cryptocurrency currently approaches this trendline again and needs to post a decisive close above this line to break the jinx. Failure to close above this level preserves the bearish momentum and could set SHIB into consolidation between $0.0000470 and $0.0000420.
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000450, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.57 trillion
Shiba Inu Market Capitalization: $25.6 billion
Shiba Inu Dominance: 0.99%
Market Rank: #11
Facebook Bullish IdeaThe analysis is as follows
It appears that we are in wave 5 of a greater trend move.
This is confirmed by the fact that we have just broken out of a triangle, and according to Elliott wave principles, the triangle always and only precedes the last move of the greater trend.
In addition to being the wave 5 of the greater trend, within the wave 5 we are in wave 3, of 3, of the wave 5. As a result, I expect to see facebook go up much higher in the near future.
I believe we are in the wave 3 of 3, since the recent move from march 25th to april 8th was a clear impulsive move. In addition to this, the wave before that was also a clear impulse. The reason I am not labeling this as 1-2-3, is because the wave 3 would be incredibly short in time and price. I highly doubt this is the case, since if it were, the wave 5 would have to be ending very soon, and for the wave 5 to end with such little price moves and so quickly, it just isn't realistic.
Since both of these moves are contained within parallel lines, I am looking for a big move up, to breakout, and confirm that we are in the wave 3 of 3.
I would be concerned about my wavecount, if the price continued to fall below 298.
Target for the wave 3 of 3 is the 1.65 which is around 345-350.
The next target is the 2.00 which happens to be the 1.65 projection off of the greater wave 1.
I am anticipating that his move will be made very swiftly since it is a wave 3 of 3.
AUDJPY (incline towards long)We can see that the AUDJPY pair is making effort to move HH. A breakout upward might be promising after the forming of ascending wedges. Do wait for a pull back after the breakout before placing your trade. A formation is just a formation till it breakout (Please always remember that!). I will continue to monitor this pair, in the event of breakout (upward/downward) i will post another chart to update this.
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Quotes "The key to trading success is emotional discipline"
GBP/USD - SHORT FROM 1.24600Descending Triple Top occurring on the 4HR Wedge (Entry - 1.24600).
Taking into account the Current Economic Situation and COVID-19, we at Sterling Capital FX belive the GBP is currently way Overvalued.
New Lows of 1.14 have been created on the Pound Sterling, things are projected to get worse with the Country on Lockdown so we can expect retests of 1.14 as the UK starts to slip into recession.
We Feel that Institutions will take Advantage of this Short Opportunity.
Entry - 1.24600
Stop - 1.24800
Target 1 - 1.22400 (230 Pips)
Target 2 - 1.20000 (475 Pips)
Target 3 - 1.14000 (1000 Pips)
Please be responsible for your own trade management, the above levels are take profits areas.
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