Technical Analysis Gold is currently trading around $3,109.652 and remains bullish on the 4-hour chart. The price action indicates an upward trending channel, consistently forming higher lows, which suggests continued bullish momentum. Key confirmations for this bullish outlook Uptrend intact – The 4H chart shows a clear uptrend. Higher lows – Gold has...
On the COINBASE:LTCUSD 3W chart, price has dropped into a wide demand zone between 68 and 50, an area that has provided strong support in the past. This drop aligns with the 78.6 Fibonacci retracement of the last bullish leg, suggesting that long term buyers might soon show interest. As long as price stays above 50, the structure remains favorable for a possible...
On the BINANCE:DOTUSDT 1W chart, price has recently tested a long term support zone near 3.54. This area has previously acted as a strong demand zone, and the reaction from it could suggest that buyers are stepping in once again. The Ichimoku cloud (10, 20, 40, 10) shows ongoing bearish pressure, but the current structure may be forming a double bottom or...
On the BINANCE:PEPEUSDT 1D chart, price is moving within a broad accumulation zone between 0.000000633 and 0.000000393, an area that has held as support multiple times in the past. The Ichimoku cloud (10, 20, 40, 10) still shows short term bearish momentum, but the repeated defense of this zone suggests that long term buyers may be positioning for a potential...
On the BINANCE:ADAUSDT 1W chart, the price has retraced to the 78.6 Fibonacci level after a strong bullish impulse and is now forming a higher low, keeping the overall market structure intact. The Ichimoku cloud (10, 20, 40, 10) remains far above the current price, confirming there is still bearish pressure in the short term, but this also creates space for a...
Technical Analysis (Weekly Chart) Current Price Action TON/USDT is currently trading at $2.90. After a false breakout on the upside, the weekly candle reversed, confirming the continuation of the prevailing downtrend. The price has started moving lower again, aligning with the broader market correction. Trade Setup (Short Position) Entry: $2.90 (current...
Entry Sell ETH/USD at $1,570 Stop Loss $1,805 (above key resistance to manage risk) Take Profit $1,090 (targeting extended downside move) Analysis Ethereum has faced strong selling pressure over the past few weeks, and the downtrend is likely to continue for the next four weeks. Several factors contribute to this bearish outlook: ZKasino Scammer...
Current Market Conditions Current Price Level: $78,800 Key Support Level: $74,000 Bitcoin is currently trading at $78,800 after touching a key support level of $74,000. This price movement signals potential volatility, with traders divided between bullish and bearish outlooks. Bullish Scenario Traders who anticipate a bullish continuation should set their...
On the NASDAQ:TSLA 1W chart, the price is currently pulling back below the 78.6 Fibonacci retracement level after a significant move up, and the zone between 224 and 182 presents an attractive area for potential long entries. The Ichimoku cloud (10, 20, 40, 10) shows bearish momentum, but a change in market structure on the daily chart such as a break above a...
On the NASDAQ:AAPL 1W chart, the price has dropped sharply, likely due to recent trade tensions with China, but it is now approaching a key support level that previously acted as resistance and triggered a strong rebound. The Ichimoku cloud (10, 20, 40, 10) indicates a bearish trend, although there are early signs that selling pressure may be weakening. At the...
DOG, the decentralized meme coin built on Bitcoin’s Runes protocol, is displaying strong bearish signals as it repeats a previously observed downward trend. The price is currently at $0.001641, having recently broken down from the key support level of $0.002121. Given the repeated bearish pattern, DOG is likely to continue its decline, with the next potential...
The GBP/USD currency pair has experienced range-bound trading following a correction from four-month highs against the US Dollar (USD). With a neutral bias, the coming week’s price movement will be heavily influenced by macroeconomic data releases and geopolitical developments, particularly Trump’s tariff policies and the US Nonfarm Payrolls (NFP) data. Market...
PEPE, a meme-based cryptocurrency, has gained significant traction in the crypto space due to its strong community-driven approach. With around 800K followers on X (formerly Twitter), the coin has maintained a loyal user base, which has played a crucial role in its price action. Over the past few weeks, PEPE has demonstrated signs of a bullish reversal, bouncing...
Solana (SOL) is currently trading around $140, showing an upward trend since October 2023. Analysts predict that the next key target price for SOL is around $294. Several factors within the Solana network, along with broader crypto market trends, are driving this recovery. On March 24, SOL gained 8.5%, briefly surpassing $142. This price increase aligned with a...
Technical Analysis of Copper (XCU/USD) Copper has faced strong resistance over the past four years, being strictly rejected at key resistance levels three times. Recently, on May 20, 2024, Copper reached its all-time high of $5.2, but the current weekly candle is showing signs of retesting that level. Despite this short-term bullish momentum, the broader trend...
EUR/USD remains in a consolidation phase below 1.0900 in the European session on Monday, as traders exercise caution ahead of key economic data releases. The pair is navigating a narrow range as the market awaits the US Retail Sales data and the German parliamentary vote on fiscal reforms. Technical outlook: Consolidation continues EUR/USD is exhibiting signs...
The gold market (XAU/USD) has been exhibiting strong bullish momentum, as evidenced by the price patterns and macroeconomic conditions. Bullish Price Trajectory: Historical Patterns The attached chart highlights two distinct bullish patterns in gold's price movement: 1. Pattern 1 (July 18, 2024 – October 30, 2024) Initial Price: $2,394 Closing Price:...