Sober_Trading

Sober_Trading

Technical Perspective: TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong. On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling...

Sober_Trading

OANDA:XAUUSD Gold (XAUUSD) experienced a decline during the Asian session, lacking the strength to break into new highs. After completing its second bullish leg, the chart indicates the potential for a downward move in the near term. 📉

Sober_Trading

BINANCE:BTCUSDT saw a strong pullback after reaching the $104K zone, hitting the support at $98K. I expect a bounce from here to target liquidity above the last ATH. Let’s see if it plays out!

Sober_Trading

When it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s...

Sober_Trading

OANDA:XAGUSD is showing strong bullish momentum, particularly as we approach late October 2024. On the technical side, the current chart presents a series of three bearish pullbacks, each one weaker than the last, suggesting the bearish trend is losing strength. Silver has now reached a key support zone, which aligns with the end of the bearish phase and a...

Sober_Trading Updated 

BINANCE:BTCUSDT has done exactly what we predicted. It rose and caught liquidity over the resistance zone. Now, it's showing signs of a potential fall. Keep an eye on the two support zones on the chart for potential price action signs. COINBASE:BTCUSD

Sober_Trading

BINANCE:DOGEUSDT Doge has completed a 40% rally in just a few days, grabbing liquidity above a key high. Now, we can expect a pullback from this resistance zone. Keep an eye on price action for potential corrections.

Sober_Trading Updated 

COINBASE:BTCUSD has broken through the falling trend lines, signaling potential for further upward movement. The next major target is the liquidity behind the resistance zone, likely driving the BINANCE:BTCUSDT price towards the $70K zone. Stay tuned for this breakout! 🚀

Sober_Trading

The OANDA:EURUSD pair is currently positioned for potential bullish momentum, especially as the weakening of the US dollar becomes more evident. Technically, the EURUSD is showing signs of recovery, as the downward momentum appears to be weakening, and the price has reached a strong support zone. The recent decline in the USD due to a softer US jobs report,...

Sober_Trading

The TVC:DXY is showing potential for a bearish reversal after its recent rise. Technically, DXY has bounced back to a key resistance zone after a major fall, reaching the order block from the last leg down. The failure to break significantly higher from this resistance suggests the possibility of another downward move. Liquidity grabs above the resistance zone...

Sober_Trading Updated 

BINANCE:SAGAUSDT coin is showing signs of a strong reversal on the daily chart, with bullish legs becoming stronger than the previous bearish ones. This suggests increasing buying pressure, and after a potential pullback, we could see more upward movement. On the fundamental side, KRAKEN:SAGAUSD has been gaining traction since its mainnet launch in April 2024....

Sober_Trading Updated 

FX:USDJPY is displaying a clear technical setup for a bearish move. After a significant pullback following a sharp fall, the pair failed to surpass the resistance zone around 149. This area has proven strong as the price action was unable to hold above it, trapping liquidity just above the resistance. The price then rejected this zone with a sharp reversal....

Sober_Trading

No words! You tell me what happens next? The BTC price recently fell from the top of the channel, and after breaking the support trend line, it made a pullback to retest the broken trend line. This pullback indicates a potential continuation of the bearish movement. Based on the pattern, it looks like Bitcoin could be setting up for another drop.

Sober_Trading

MEXC:KOKOUSDT is currently sitting on its key support zone, signaling a potential pump soon. The price of Koala AI (KOKO) has seen some volatility recently, dropping by more than 10% over the last week. However, it remains a popular token in the meme coin and AI space, with expectations of recovery as it finds support. Market indicators suggest that once KOKO...

Sober_Trading

FX:XAUUSD is currently trading in a tight range between $2,635 support and $2,670 resistance. This narrow range has been challenging, with several fakeouts making it tricky to navigate. The support zone around $2,635 is holding strong, while the $2,670 resistance has prevented further upside movement. CAPITALCOM:GOLD traders should watch for clear breaks above...

Sober_Trading Updated 

This Bitcoin 4H chart shows a strong buying opportunity as the price is hovering above a key support zone around $61,800. A small stop-loss below this zone can help manage risk while targeting an upward move toward $63,500. The setup offers a favorable risk-to-reward ratio for short-term buyers. Keep an eye on price action to confirm momentum!

Sober_Trading

This super consolidation of OKX:BABYDOGEUSDT can break and go up to the moon in the next alt season. 🚀 I expect more correction for now. 📉

Sober_Trading

As FX:EURUSD approaches the support zone, we can expect the bearish momentum to weaken. This presents a good buying opportunity, with potential for the price to rise back towards the breakeven resistance zone. Keep an eye on this area for potential bullish moves!