Mihai_Iacob

Mihai_Iacob

Bitcoin has been trading in a very tight range for the past week, showing little volatility and movement. This period of consolidation typically suggests that the market is indecisive, with neither bulls nor bears managing to take control. However, today there seems to be a bit more momentum, and it looks like Bitcoin might be preparing to break out of this range,...

04:45

Mihai_Iacob Updated 

Gold remains in consolidation, and a new all-time high could be on the horizon. However, I still anticipate a significant correction. For now, I'm staying out of the market, looking for opportunities to fade the current move, with the expectation of at least a 500-pip target.

Mihai_Iacob

In mid-September, USD/JPY dropped below the 141.80 technical support level and even briefly fell under 140. However, this bearish move was short-lived and ultimately proved to be a false breakout. The pair quickly recovered, and despite some signs of a potential continuation of the downtrend from the trend line on Monday and Tuesday, yesterday's session was...

Mihai_Iacob

It has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time. However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the...

Mihai_Iacob Updated 

Following the higher low formation on September 9th, the NAS100 successfully broke back above the key 19,500 confluence resistance. The price is showing strong support on dips, and it is currently pushing toward breaking the critical 20,000 milestone. A confirmed break above this level could pave the way for new all-time highs, with the next major resistance...

Mihai_Iacob Updated 

With Gold making new all-time highs every day since Friday and no resistance levels in sight, it's challenging to time and find an entry point for a short trade. Although my short position from yesterday hit the stop-loss, my view remains the same: Gold should correct by at least 500 pips. Technically, since the low last Thursday, Gold has surged by 1,200 pips,...

Mihai_Iacob

After the strong fall started in March, the token found high demand around 0.07 and the price started to reverse. Now is trading comfortably above 0.1 and we could see a continuation to the upside. Dips under 0.1 should be bought, preferably around 0.09. My target is 0.15 For high speculative purposes ONLY!!!!

Mihai_Iacob

After bouncing off the 28 support zone and breaking above the falling trend line, Silver continued its upward momentum, reaching key resistance around the 32 level. Now, the price has begun to pull back, signaling a potential correction. The 30 level stands as a crucial support to watch, with an interim support at 31.

Mihai_Iacob Updated 

Gold began the week by setting new all-time highs, with the latest at 2644. However, the bulls appear to be losing momentum, and the recent rise has formed a small rising wedge, which suggests a potential pullback. In conclusion, while the medium-term outlook remains very bullish, in the short term, I’m looking to sell in anticipation of a test near the 2600...

Mihai_Iacob

Losses in trading are inevitable, no matter how well you manage your emotions or perfect your strategies. The key to long-term success lies not in avoiding losses entirely, but in how you respond to them. This is where resilience comes into play. Resilience is the ability to bounce back from setbacks and continue pushing forward toward your goals. It's about...

Mihai_Iacob

In my previous BTC/USD analysis, I mentioned that as long as the 58k zone holds, a rebound to the 61,500 zone, with an extension to 64k, was likely. Currently, the price is just below the second target, a critical point defined by horizontal resistance and the falling trend line from the channel. Bulls need to break above this level for a strong final in 2024....

Mihai_Iacob

Last week was favorable for Euro bulls, with the price climbing back to 1.12. However, after three failed attempts to break above this level, the price has dropped sharply today and is now resting on the 1.11 support zone. I anticipate a break below this level, with the next target being 1.10. My strategy is to sell into rallies, with a stop above 1.12 to...

Mihai_Iacob

After a brief correction at the start of last week, Gold rebounded strongly, setting new all-time highs (ATHs) daily, including earlier today. While it's clear that no asset rises indefinitely, and a correction is likely at some point, pinpointing the exact level from where this will occur is challenging. On the flip side, 2590 now stands as strong support. In...

Mihai_Iacob Updated 

On Friday, following the release of the NFP data, Bitcoin experienced a sharp drop. However, by the end of the day, the price failed to gain further downside momentum, and instead of continuing lower to test the support of the flag formation (where Bitcoin has been trading for the past six months), it reversed to the upside. Moreover, yesterday, Bitcoin formed a...

Mihai_Iacob Updated 

In my comment yesterday, I speculated about the nature of the breakout, as it had been clear after a month of testing the all-time high (ATH) that an upward move was imminent. The breakout was strong, suggesting more gains and new ATHs in the future. The new ATH is now set at 2570, and the price is currently undergoing a normal correction. While the old ATH...

Mihai_Iacob

Since hitting a high of 0.22 in April, Doge has been in a downtrend. However, the chart shows that dips below 0.1 have consistently been bought, leading to strong reversals each time. The final phase of the downtrend is forming a falling wedge, which often signals a potential reversal. For confirmation of an upward reversal, we need a clear breakout above...

Mihai_Iacob Updated 

Yesterday's CPI report failed to provide a clear direction for Gold's mid-term movement. After initial volatility, during which the $2500 level held as support for the fourth time in two days, Gold once again closed the day near the middle of its range. While we can't draw a definitive conclusion from the price action, it seems that the price is pressing towards...

Mihai_Iacob

In my previous NAS100 analysis, I mentioned that as long as 19,500 held as resistance, a drop to 17,000 was likely. Initially, the index did begin to fall, but it found strong support at the April all-time high (ATH) and reversed upward. Now, the price is once again approaching this crucial resistance. Looking at the chart, we can clearly see the significance of...