With the decline of the dollar, the Japanese yen is gaining momentum and strengthening. GBPJPY currency pair is under pressure from sellers. The price is coming out of the triangle down, the continuation of the main downward movement is possible when the support at 188.23 is broken. Scenario: Consolidation below the triangle support and subsequent break of...
The rally may be stopped in the zone 0.2633 - 0.2796. An attempt to retest the upper resistance zone is possible, but the very fact of consolidation below these levels will confirm a false breakout, which may affect further decline Scenario: false breakdown, consolidation below 0.2510 - 0.2633 with the purpose of continuing the fall Short-term targets: 0.2173,...
At the end of the week gold confirmed the formation of the trading range, support 3286, resistance 3356. I consider the continuation of realization of potential of false breakout of support as a positive scenario. If gold holds above 3313, the market may continue buying, which will lead to a rise to ATH Scenario: the price is in a local descending channel, but...
EUR continues to strengthen. The currency pair is supported by the falling dollar. The structure of consolidation before distribution coincides with the one two weeks ago. We are one step away from a rally Scenario: First of all, there is 1.1381 resistance ahead. If the currency pair does not fall, enters the buying zone and forms a consolidation, in this case...
Compared to BTC, the ALCH coin is stronger. The price is rising while bitcoin is falling and this gives us an advantage: big money is interested in ALCH. The coin has been in consolidation for the last few days. The zone of interest from D1 0.1786 is not yet reached. A false break of support could change the liquidity imbalance to a buyer's side, which would...
Gold is making a counter-trend correction in the early European session, most likely to confirm support or reach liquidity areas. A false break of support is a good signal for the continuation of growth Strategy: The correction is forming against the main bullish trend. The only correct decision is to look for support with the purpose of buying. False...
Consolidation not because the market is exhausted, but consolidation before Wednesday - a rather rich news day. A triangle is forming locally, but it doesn't mean anything, the more important figure is flat 3193.46 - 3245.40. Most likely, in order to accumulate liquidity, gold will make a correction to the support in the Asian session and only then will consider...
POPCAT is testing the trend resistance. The counter-trend growth is stopped by the descending resistance. Bears are not ready to give up. A false breakout is formed against 0.2143 and downtrend resistance Scenario: false breakout of resistance and correction or continuation of the trend. Consolidation below 0.2143 (or below the downtrend line) will be the entry point.
Paranormal volume growth and strong momentum amid the downtrend of cryptocurrencies and bitcoin. Countertrend false breakout of the resistance zone. The purpose of such a structure is liquidity Scenario: Strong growth has wasted all the potential and energy, there is no strength to continue growth. Probability of false breakout 95% Consolidation below 2.585 will...
EURUSD takes a chance amid a weaker dollar after the US increased tariffs on China. Euro rises with weak dollar Scenario: Breakout of downward resistance followed by a rise to the zone of interest and key resistance. A consolidation above 1.098 will signal The fundamental background is not in favor of the dollar, which is falling due to Trump's policies. Euro...
A sudden bullish rally amid a one-day influx of huge volume. Hunting for liquidity located in the double top zone. This situation in 99% of cases ends with a false breakout and reversal Countertrend rally to the resistance zone on the background of a bearish cryptocurrency market Scenario: false breakout of resistance 0.1721 - 0.1886 There is no potential...
The market is pulling back after a strong drop in the Asian session. At the moment, while bitcoin is showing -2%, BINANCE:SPXUSDT.P is accelerating by 15% in the hunt for liquidity. Possible entry into liquidity zone and false resistance breakout False resistance breakout 1) 0.5473 2) 0.6689 Market is bearish, no hint of growth A pullback is forming with...
A false breakout was formed in the area of 1.0400, where sellers' stop losses were collected. After that, the price rose sharply to the key resistance at 1.053. This level limits the market from further growth Support: 1.0400, 1.0475 (key retest zone) Resistance: 1.0530, 1.0629, 1.0682 Market Structure: On the lower timeframes (4H), the price has broken the...
- Gold is trading in a phase of deep correction after reaching local highs. - The price formed a false breakdown of the key support level, which may indicate the liquidation of weak positions before a possible corrective growth. - The dollar index (DXY) shows growth, which puts additional pressure on gold. Liquidation and reaction - There was a longs...
Resistance at 2955 plays a key role. The clear line shows the bears' defense, which is gradually giving weakness and can be broken. A break of 2955 will open the way to 3000. Bulls are buying the potential within the rising support line. Any false breakout or touch of the line is aggressively bought out and the price rises. This could continue for a long time for...
Technical analysis of BTC/USD 1. Global trend (Daily chart, left) BTC/USD is trading in a range, but the overall trend looks downward after the previous strong rise. The price is sandwiched between $98.345 (resistance) and $91.203 (support) levels. The lack of strong upward impulses indicates the weakness of buyers. 2- Local trend (4H chart, right) On the 4H...
USDJPY is falling after a false breakdown. But, most likely, the fall of the dollar index, which happened after the change of the political position of the US leadership, also had a huge impact here. The index is likely to continue its fall and this will help the currency pair to fall even further Scenario: support 151.0 is ahead, from which a rebound to...
SOL - the fundamental situation is improving due to the news that the SEC is starting to work on SOL-ETF, or rather actively accepting applications. Approval of SOL-ETF is a matter of time. The price is coming out of the downtrend, the fundamental background (economic news) is gradually turning in a favorable direction. Scenario: Price consolidation above 200 -...