$ETC may have another leg down to 20.00 area on 4hHere on BME:ETC , we can see a lot of down pressure on the 4h time frame
The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above
Now, it looks like a downtrend flag is forming inside the yellow area
This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there
So here we have a lot of confluences that indicate this downward pressure will happen
As CRYPTOCAP:BTC is still going sideways and there is some form of cooling down this last days, is much plausible that BME:ETC will have a final last drop on targets number 2 and number 4
4h
SasanSeifi 💁♂EUR/USD 4h 🧐Key Levels to WatchAfter a correction from the supply zone and a correction based on the latest analysis, the price faced demand again and was able to rise to the target of 1.080.
Currently, by examining the FX:EURUSD chart, as you can see, after rising to the desired target, the price is trading in a range of around 1.077. There is a possibility of further correction in the medium and long term.
In the meantime, I expect the price to rise to the supply zone and order block area. Then, we can look for selling opportunities between the price ranges of 1.083 and 1.085. In case of further growth, to better understand the continuation of the trend, we need to see how the price reacts to the mentioned ranges. Confirmation of the sell is very important.
The previous analysis 👇
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SasanSeifi 💁♂ EUR/USD (4-Hour Timeframe)Based on the 4-hour short-term chart of the FX:EURUSD currency pair, the price has been trending upwards from the 1.060 support zone. The price is currently trading above the EMA 60 and moving towards a supply zone.
🔹The current outlook is positive, with a potential for further upside movement towards the target zone of 1.077/1.080.
⏭An alternative scenario involves the price pulling back from the supply zone after a minor correction and then resuming its upward trajectory toward the target zones within the liquidity gap area.
Key Support and Resistance Levels:
Support: 1.070/1.068
Resistance: 1.077/1.080
🚨It is important to note that today is a significant news day, which could lead to increased volatility in the market.
This is not financial advice. Always do your research before making any investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
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DXY (dollar index)The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
XAU-USD (GOLD)A stronger US dollar and fewer worries about inflation caused gold to retreat after hitting a record of 2431.
Market volatility is caused by geopolitical tensions between Iran and Israel, which initially increases demand for safe havens. Fed officials' remarks that strengthen the US dollar work against the price of gold. Fed rate cut bets and bullish USD seem to have little impact on the current upswing. Given how near the daily support is, there's a greater likelihood that the price may pick up additional positive momentum in preparation for the new high. And the market has a strong 4h support level at the 2330-2320 zone that is mentioned in the chart.
NASDAQ Trend Analysis Week of Mar. 25thWeekly=Bullish.
Daily=Bullish.
4H=Bullish.
4H broke out of triangle/pennant pattern for a bullish breakout. Expecting price to pullback to 50% or 61.8% fib level and continue up. If not price will continue from 38.2% where its currently at. Looking for swing level of 18750 & 19000 before major pullback.
Breakout buy is above 18477 on 4H.
GBPJPY Trend Continuation Week of March 18thW=Bullish.
D=Bearish.
4H=Bullish.
Daily broke the higher low to become bearish but 4h shift structure to bullish creating an inverse head & shoulders. 4H recently broke the neckline of the pattern. 1H has a pennant formed. Weekly is also bullish rejecting the 50% fib level. Expecting price to break the pennant and S&D zone and continue to upside for long term gains. Daily will shift back to bullish structure.
GBPJPY - Trend Continuation - 4H Pennant~4H & Daily Pennant is indicating trend continuation.
~Weekly and Daily breakout approaching Monthly Resistance level at 193.500 area.
~Expecting price to reject 189.450 area near the trend line (bottom of pennant) and continue to the upside.
~ 189.450 area will be the best area to get in for swing trade and another entry at the pattern breakout.
NZDCADOANDA:NZDCAD
Weekly and Daily timeframes are bullish. Price on the daily made a pullback/retest to the Daily Area of Interest/ key support area @ around 0.82446. Entry is based on the bullish engulfing candlestick of the double bottom reversal pattern formed on the 4h @ 0.82446 daily key support
EJ 4H Sell Idea 2/25/24Price is at the highs of Nov '23.
Double tops are forming on the 4H and below.
Looking for the M to complete on the 4H at a minimum before returning to bullish price movement.
Price could very well continue bullish from where it currently is, but we shall have to wait and see.
SasanSeifi 💁♂ Two Possible Scenarios for the 4-Hour TimeframeIn the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered.
A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price range of 1.090 after ranging and confirmation. Then, if there is a pullback, it will again face more correction to the FAIR VALUE GAP and the order block range.
Also, another scenario that can be considered is as follows: After ranging and partial positive fluctuations from the price ranges of 1.10 / 1.10400, after collecting liquidity and confirmation, we will see the price rejected and corrected. In case of positive fluctuations, to better understand the continuation of the movement trend, we must see how the price reacts to the resistance ranges.
Potential trends and support and resistance ranges are also shown in the image above, respectively.
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
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GBPUSD SELL IDEAFX:GBPUSD
The weekly, daily and 4h are overall bearish, with price having retraced to the Daily key resistance area in confluence with the 50% Fibonacci retracement level. entry is based on the 1h bearish engulfing candlestick at daily resistance and also a break of bullish countertrend, retest and bearish engulfing candlestick structure on the 15 min and 30 min timeframes
EURJPY BUY IDEAFX:EURJPY
The weekly, daily are overall bullish; On the 1h price managed to break its bearish structure at the daily low pushing up and breaking above the 1h key support/resistance level and price making a retest as support the 1h key support/resistance area/zone. Entry is based on the 1h bullish engulfing candlestick at the 1h key support/resistance area/zone