SaeedSalehinia

SaeedSalehinia

EURUSD been in a long downtrend move since 2021. After price broke the downtrend channel, an upward impluse wave started. Currently, price is resting/oscillating in a somewhat sideway channel. If price breaks the lower side of this channel, there is ahorizontal area which is where orders are accumulated. Let's see what happens.

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EURCAD been in an uptrend move. Then price broke the uptrend channel and now it seems price is headed downward toward the horizontal area where orders are placed. Let's see what happens.

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Technical analysis of DXY can help us to guess how other assets such as Bitcoin, gold, and other major Forex pairs might behave. Here in the DXY weekly chart, we can see the big picture; how the US dollar has moved before and that DXY is moving in an ascending channel. Currently, it seems DXY is moving upward. As a result, sell pressure on other assets such as...

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Where the global market is headed? Is the world economy going into another inflation or stagflation period? Or even into a collapse? What going to happen to Gold, Stocks, Commodities, or Crypto markets? Are we going to be okay? No one can tell with certainty until it happens. Some claim they can! One way to prepare yourself for such scenario is to look for...

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LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.

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AXS came down to a key support area and started to show signs of changing direction as Bitcoin started to goes up. A harmonic pattern is also formed. There is a downtrend line that must first break in order to consider AXS's uptrend wave.

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If you followed my last analysis on ETH, you would have known that ETH have one last downtrend wave to complete. The ETH analysis is still in place, but be careful since the effect of ETH merge is not so clear. There might be some sharp upward or downward moves, however I don't think anything unusual happen.

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The previous downtrend ended in Nov 2022 and after that a new impulse wave started which also broke the downtrend line. Looking at the chart it seems that Dash has made a huge triangle pattern; this means if Dash breaks this triangle, a huge upward move can be expected. Let's see if Dash can reach the upper line of this triangle pattern.

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Harmony's harmonic pattern has been completed for some time. Then price broke the downtrend line and the next uptrend started.

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In the previous analysis of Bitcoin, two major support areas were identified, and we observed how Bitcoin reacted when it reached the first one. Now we can update the chart based on the new candles. Based on the Bitcoin behavior it seems one of two patterns may be forming; a channel (blue) or an inverted wedge (yellow). Unless some major-big-really good news...

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LINA been in a downtrend wave for a long time. Now, LINA is trying to break the downtrend line; twice without success before. Let's see if it succeeds this time or not.

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SHIB has broken the downtrend line, or the downward wedge to be exact, and gone up in the first minor wave. Currently, we are in the minor corrective wave which soon will be over; unless Bitcoin makes another crazy downward move :) There are two possible upward movements for SHIB: 1. if the upward unfold in an A-B-C wave, after that most probably the major...

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Price is moving in a downtrend channel. We need to see price break the upper band of the downtrend channel as well as an increase in buy volume to confirm the trend change. Waiting for the price to form a higher low is a good strategy to lower the trading risk.

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After the harmonic pattern ended, the correction waves started. It seems Ethereum correction may be unfolding in a 5 waves pattern. The first support area is around 400. Stay tuned for more updates.

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Continuing from the previous analysis, the support area didn't hold and Bitcoin broke through it. So, when or where might Bitcoin's correction wave end? There are three possible areas where this could happen: 1. The 200 MA line on the weekly chart (pic is added below) 2. An area in the middle of which is priced at 18,250$ 3. An area in the middle of which is...

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Bitcoin broke the bottom of the channel and panic has happened. Still no big deal, yet. There are two major support areas ahead: the first is the bottom of the major ascending channel, and the second is the horizontal double lines area. If you are a holder and want to buy Bitcoin or any other altcoins, best to wait and buy in these areas. If you are a swing future...

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Let's not panic, Bitcoin still oscillating in a channel with a gentle slope. If you followed my last analysis, you would have known that after Bitcoin was rejected by the long-term blue line (yellow circles), a downtrend wave has been started. Now it seems that another harmonic pattern, like the one at the beginning of the channel, is forming. The right leg of...

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If you followed my last analysis, on March 14th (upward arrow) I updated the analysis with a comment "Almost ready for takeoff", and from there Bitcoin went up almost 27%. During this ascending wave, Bitcoin broke many lines, one of which (the thick blue line) broke with a strong momentum showing that there is a greater tendency to be bullish. However, now bitcoin...