Gold is currently in a downtrend channel, and it will only start to rise if it breaks through the resistance line. The black line on the chart is the resistance line, and the first support level to watch is around the previous low of $1,812. A stronger support level should be around $1,808. I will continue to track the movement of gold and share my thoughts...
In the 4-hour chart, it's very clear that the exchange rate has been suppressed by the middle Bollinger Band and has been moving downwards. It is now approaching the previous low of 1.04829, and the MACD indicator has formed a bullish divergence, showing a trend towards a golden cross formation. Whether it's the support level from the previous low or other...
Bitcoin is expected to form a double bottom pattern. On the 45-minute chart, the price has reached the lower band of the Bollinger Bands, where there is some support, but it is not strong. The MACD indicator shows a bearish crossover, indicating a downward trend. Therefore, I predict that Bitcoin will fall to around $23,100 before rising again. For friends ...
1.High-frequency trading: This is a big taboo as it can easily lead to losses without a plan. 2.Not setting stop-loss orders: This increases the risk you take on when trading. 3.Having a gambling mentality: This must be avoided. Once you feel this way, you must stop and rest, or else it's easy to make mistakes. 4.Trading your entire portfolio: You must have...
The Bollinger Bands indicator is used to identify trading ranges and can help us find objective entry points for long or short positions. Choose to go long when the price touches the lower band (DN) and go short when it touches the upper band (UP). UP is generally a resistance line, and when the price touches UP, it is likely to fall, so choose to sell. DN...
On the gold 30-minute chart, the SAR indicator has shown an inflection point, and it is now running upwards. The BOLL indicator is between the middle rail and the upper rail, and the lower rail has an upward trend. The MACD indicator golden cross is running upwards. In combination, 30 minutes is bullish of. In 1 hour, the price came near the middle rail of...
Short-term trading strategy: Resistance level at 23280 .If it breaks through 23280, it is bullish and can go up to around 23350. If it falls below 23120, it will likely go down to around 22960. Medium-term trading strategy: Based on the previous trend, I expect Bitcoin to find support near 21375, with resistance at 25043. If it does not rebound and...
I predict the first support level for gold will be around $1808, which would be a good buying opportunity for long positions. The second support level is around $1782, which is an excellent buying point with an upside potential of nearly $100. This is very friendly for friends who are engaged in long-term trading. That's the big trend, and for short-term...
After three weeks of volatile retracement, IXIC has successively fallen below MA250, MA30, MA20, as well as MA10 and MA5, and is currently near MA60. From a chart perspective, it currently has a top M-shape, which is often accompanied by a downtrend. However, considering that MA60 has certain support, the index is currently close to the half-year line (around...
If you achieve these 8 points, success will be within reach: 1.Only fight battles you know you can win (with confidence). This is a famous saying that teaches investors to carefully choose the currency that suits them, as well as their entry and exit points. For example, when we buy a certain currency, we feel comfortable that "it" is on our side, ready to work...