EURUSD BULLISH SETUP REQUIRES CONFIRMATIONEURUSD has created an expanding channel where we are now waiting for the price to confirm a bullish breakout on the expanding channel and as well as on the key level highlighted. Here we are expecting a rally towards the 1.098 region next where we witness the next hourly resistance being held.
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AAPL MIGHT BREAK THIS KEY LEVEL NEXTThe price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top formation.
The price breakout on the key level is expected to revisit the bottom support highlighted at $145 region.
NVIDIA CONSOLIDATION VS EXPANDING CHANNELEven though the price of NVDA has done a bearish breakout on the expanding channel, the price remains under pressure inside a consolidation zone. Here we must wait for the price to confirm another bearish breakout below the lower boundary to validate the bearish projection. Here I am expecting a downward shift back towards the key level held on the bottom.
TESLA ON DAILY SUPPORTHere it is very clear that the price of Tesla has once again revisited the daily support identified. Now I am expecting to see a potential reversal based on how the price has reacted over this highlighted zone earlier. Additionally, I have sketched down the price action inside a falling wedge pattern which also supports the bullish projection.
ETHUSDT DOUBLE BOTTOM ON SUPPORTWitnessed a double bottom pattern on the support where we are likely to see a bullish trend created ahead with the breakout confirmation identified. Expecting a revisit back towards the trend line zone or breaking above it for a retest back up above the previous swing high.
BTCUSDT POTENTIAL DOWNSIDE MOVE AHEAD!!Bitcoin has confirmed a trend breakout recently, But for the moment price still remains above the level with the pullback created by the price. Here we are expecting a downward shift in the prices towards the bottom level of support identified. Since there we witness a possible retracement back towards the 100MA as well. The following pattern is a clear double top formed over the resistance identified at $71k to FWB:73K region
AUDCAD 4H SUPPLY ZONE ( REVERSAL )AUDCAD has approached the 4h supply zone created with the recent trend breakout identified. Here we expect to see a potential reversal back towards the trend line or previous OB following the selling pressure. This is expected to follow a retracement close to 38%-50% on the Fibonacci.
BITCOIN TREND BREAKOUT & DOUBLE TOP FORMATIONPrice of BTC has dumped with a bearish breakout on the previously identified consolidation.
Here once again we witness a clean trend breakout with a double top formation, which is likely to create a further decline up ahead. We expect a revisit back on the bottom support highlighted.
BITCOIN RALLY TO A NEW ALL TIME HIGH?📈Bitcoin has respected the highlighted key area and looking for a possible reversal back up. Here we expect to see another revisit back towards the all time high region or even a higher level close or above $80k next.
We are required to identify a valid bullish setup under the lower timeframes.
🔥BITCOIN MAY HIT 100K NEXT FROM HERE🚀Bitcoin has recently surpassed its previous all-time high and breached the resistance level that had formed. However, there appears to be a minor selling pressure, suggesting a potential pullback to retest the previous resistance level before initiating the next rally. Notably, during the previous sell-off, a target level around $102k was maintained, corresponding to the Fibonacci 1.618% retracement. Presently, the current price of Bitcoin seems to be respecting the previous resistance level as a support, indicating a reluctance for the price to retreat back inside or below the previous resistance zone, at least for the time being.
AUDCHF TRIPLE BOTTOM PATTERN The AUDCHF has formed a triple bottom pattern, suggesting a potential bullish breakout pending confirmation on the highlighted neckline/key level. Additionally, there has been a recent breakout of the trend, indicating the possibility of a bullish rally towards the $0.61500 region.
🔥BTC MAY FOLLOW A LIQUIDITY SWEEP & A CORRECTION BEFORE NEW ATHBitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may be necessary to solidify the current bullish trend.
GOLD SHOULD FILL THESE IMBALANCE BEFORE THE RALLYOn the hourly timeframe, gold has formed a rising wedge pattern, suggesting a possible downward movement from its recent peak near $2160. Additionally, there's a distinct gap below $2120 indicating an imbalance that necessitates a retracement to fill it. This retracement is likely to target levels around 50% to 61% on the Fibonacci retracement scale.
GOLD MAY RETEST $2080 NEXT WITH NFP AND UNEMPLOYEMENTGold has experienced remarkable growth lately following a breakout in the supply zone. The impulses have completed the 5th wave, signaling a potential downward shift, especially with the anticipation of positive NFP data. We foresee a retracement towards the highlighted supply zone, notably around the $2080 mark, a significant price level. Testing both the upper boundary of the channel and the 1.68% Fibonacci retracement, we have reasonable expectations for a forthcoming bearish movement.