Eddie_LCM

Eddie_LCM Updated 

The price is oscillating between resistance and support, which suggests range-bound trading. Immediate Resistance: $2,996 - $3,000 Immediate Support: $2,980 - $2,985 Stronger Support: Around $2,975 Scalping with Bollinger Bands Buy when price touches the lower Bollinger Band near 2980 Sell when price touches the upper Bollinger Band near...

Eddie_LCM Updated 

Look for price to respect the trendline (~$2,985 - $2,990) Enter Buy: Now or Near the trendline support (~$2,985 - $2,990) Stop-Loss: Below $2,975 (below previous swing low) Take-Profit Targets: TP1: Mid-range pivot $3,000 TP2: Resistance zone $3,008 - $3,010 TP3 (Breakout Potential): If price breaks above $3,010, next target would be $3,020 - $3,030 Follow...

Eddie_LCM Updated 

The price has been consolidating between 2,895 - 2,929, suggesting a range-bound movement. The 0.618 Fibonacci level (2,908 - 2,910) is acting as a pivot area, where the price has reacted multiple times. If price breaks and closes above 2,930, it could confirm bullish momentum towards 2,956. Bullish Breakout & Retest (Buy Setup) Scenario: If price breaks above...

Eddie_LCM

In last week, we saw the price action shows relatively small fluctuations with frequent pullbacks, indicating a range-bound movement in the short term. There are multiple instances of price testing resistance and support levels, suggesting a possible consolidation phase. Momentum appears to be neutral, with no clear trend dominance. However, I would say the gold...

Eddie_LCM

In last week, we saw the price action shows relatively small fluctuations with frequent pullbacks, indicating a range-bound movement in the short term. There are multiple instances of price testing resistance and support levels, suggesting a possible consolidation phase. Momentum appears to be neutral, with no clear trend dominance. However, I would say the gold...

Eddie_LCM Updated 

Trend Overview: The 15-minute chart shows a recent uptrend after a previous downtrend, with higher highs and higher lows forming. The 1-hour chart also indicates a recovery from a lower price range, suggesting potential continuation of bullish momentum. My personal customized trading indicators Per 15M chart, "Big boss trading" opened trade at 2911 "Boss...

Eddie_LCM Updated 

A previous uptrend was followed by a sharp drop. The price recently broke below the trend cloud, indicating a shift in momentum. The last long signal appeared near $2,885-$2,890, meaning a potential support zone. If the price sustains above $2,900, a bullish swing trade is possible. A breakdown below $2,885 might indicate further downside. Recommended Swing...

Eddie_LCM

Recent Decline: The price has dropped sharply after a recent peak around $2,940. Trend Analysis: The overall trend leading up to the decline was bullish, as seen from the strong upward momentum earlier in February. However, a sharp pullback is currently occurring, indicating possible profit-taking or a shift in sentiment. Support & Resistance: The nearest...

Eddie_LCM Updated 

Hope everyone had a nice weekend! We are currently on the second peak on the weekly chart. I will predict there would be NO too much fluctuation on the first half of the week. Until the FOMC on this Thur, we could see if gold will further breakout to a ATH or dump to the neckline to form a double top. So, I would suggest to trade as below. Aggressive - ...

Eddie_LCM

After observing a double top pattern followed by a subsequent decline with lower lows and lower highs, there has been a recent development worth noting. Instead of forming another lower low, ETH/USDT established a higher low, yesteray, indicating a potential shift in the prevailing structure. Every Lunar New year, BTC and ETH both had a great...

Eddie_LCM

ETH has been moving in symmetric triangle pattern. Exactly following the two converging trendlines. Hopefully, we could see the direction within this week (even these few days). Maybe, there will be 1-2 false breakout before the movement. Please be aware.

Eddie_LCM Updated 

Gold has already broken the uptrend and dump to 1755-1765 level. You can see the down trendline and gold price is dropping and not able to break the down trendline. 1753 is the support and it is expected to have a clear direction tmr. From my personal opinion, gold is more likely to drop until early next week as it was too strong for more than 1 week with news....