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BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart) BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting. Support levels: previously broken wedge boundary, 0.1421, 0.1161. Resistance levels: 0.1580, 0.1882, 0.2339. Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840. Regards R. Linda!
Long
by RLinda
21
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization Support levels: 1815.3, 1812, 1807 Resistance levels: 1828, channel border It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
41
EURUSD → Resistance Retest. Waiting for NFPFX:EURUSD is retesting the trend resistance. The liquidity area may be tested before the publication of NonFarm Payrolls, which will form a surge in volumes At the moment, from a fundamental point of view, EUR will weaken further as USD ( TVC:DXY ) is in a strong bullish trend amid tight monetary policy. Today's data will not change the fundamental background much, but it may affect it relatively. From the technical analysis point of view, I am waiting for a retest of the trend resistance, possibly the price may strengthen to 1.0635, but with a medium-term downside prospect. The price is consolidating above MA-50 (on H4), most likely in the near future, before the surge of volumes, the market may go a little deeper (up). Local volume accumulation is above 1.057 and 1.0585. Support levels: 1.05000, 1.0459 Resistance levels: upper channel boundary, 1.057 and 1.0585. I am waiting for a retest of the resistance area followed by a medium-term decline to 1.05000 or 1.035 Regards R. Linda!
Short
by RLinda
13
🥇GOLD - Bearish market situation. We are waiting for a fall GOLD is forming a retest of support after a long consolidation. From the level of 1815 a small bounce may be formed before further decline, or a break of the level with further consolidation below 1815, which will form a selling entry point. TA on the high timeframe: 1) Candlestick analysis implies further decline 2) Strong consolidation near an important level - readiness for a decline 3) No strong bullish pullbacks yet. Buyers are weak TA on the low timeframe: 1) Support retest may provide a bounce for a subsequent retest 2) Another support retest will lead to support breakout. 3) The main target at the moment is to break the support and go down to 1800. Key resistance 📈: 1824, 1828 Key support 📉: 1815, 1807.9
OANDA:XAUUSDShort
by AndeWave
13
GOLD → The situation remains the same. Consolidation OANDA:XAUUSD continues to consolidate, therefore, the market situation remains the same. The probable outcome of events is a false break of resistance (retest of liquidity area) before further decline The market has been forming consolidation inside the important range of 1828 - 1812 for the last few days. Liquidity is forming above these boundaries, which the market maker (with high probability) will not miss. In priority, I expect a surge in volumes at the next retest of the resistance area and the formation of a false breakdown. Local strengthening of the price may reach such areas as 1830, 1835, 1840. In the medium term, I expect a further fall, but after reaching local targets. The global target is an important support area, which is indicated on the senior timeframe: Weekly chart on the left (blue level). The moving averages indicate a strong trend. A sell signal can be formed relative to 1828.2, 1833.3, 1835.5 Support levels: 1812, 1807. 1800 Resistance levels: 1828.2 In the long term I expect a continuation of the fall, but a small bullish correction may follow before this movement OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
🥇GOLD - Consolidation before the news GOLD is in consolidation on the background of falling market. There will be news soon, quite strong, and most likely the market players are waiting for the data, so consolidation will form on the chart. The sentiment indicator indicates a bearish potential. The trend is also bearish. The news impulse may hit resistance, after which the decline may resume TA on the high timeframe: Market is falling. Price breaks 0.5 fibo and heads towards 0.618 A retest of 1807.96 may follow (the level has not been tested yet), and the price may also hit 0.618 before a pullback. TA on the low timeframe: A sideways flat is formed, the essence of the flat is consolidation Minimal volatility is formed on the market, as the potential for movement in one or another direction is accumulated. Watch the price reaction to the mentioned levels, I am expecting a fall in priority, as we have a downtrend. Key resistance📈: 1831, 1833, 1841 Key support📉: 1815, 1807.9
OANDA:XAUUSDShort
by AndeWave
18
GOLD → Market fades before the news OANDA:XAUUSD is forming a consolidation in the liquidity area range. In this case, there can be a lot of traps before moving to one side or the other, as this is one of the essence of consolidation The fundamental backdrop for gold is still negative, as the TVC:DXY continues to strengthen and seeks further upper targets, which will have a negative impact on gold. There are a number of important news releases today that are worth paying attention to. I don't think they will change the main fundamentals much, but there will be a storm in the market. Before the main fall, which may continue on the background of the dollar strengthening, the gold market, or rather the market maker may raise the price to 1830-1846 before the further fall. A huge pool of liquidity has formed near these zones, and since the price cannot fall or rise only, we may see a correction in the near future. My mood on gold is bearish, as well as the mood of the market, which by the way is indicated by the moving averages. Support levels: 1816.9, 1815.3, 1812 Resistance levels: 1828, 1830, 1833 Since there is news ahead, the market is going into consolidation. Lower volatility before the storm. Trade carefully on the news, or better not to trade at all and wait until the market calms down OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
40
💱EURUSD - A correction signal is generatedEURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish TA on the high timeframe: False breakout of resistance. If the price returns beyond 1.0536 a strong rebound will be formed The liquidity area interesting for the market appears - 1.06000 TA on the low timeframe: False breakout will form an imulse. A correction back to support may be formed, which will form an entry point Buy entry point could be 1.0490, 1.0499. Key support📉: 1.0490 Key resistance📈: 1.0560, 1.05900
Long
by AndeWave
9
USDCAD → Growth may continue after correction FX:USDCAD is forming an impulse from the base of the ascending price channel. When breaking through the resistance mentioned earlier, we see active strengthening, which is also supported by the fundamental component The TVC:DXY is in a bullish trend, as evidenced by the weekly chart on the left. The price is chasing a rise towards 107.5, which will make the currency pair strengthen. On the USDCAD chart we see a local stop in front of the resistance at 1.3712, consolidation is forming, which may activate the correction phase. The correction may end with a retest of 1.3640 support or form a small pullback and a retest of 1.3712. In the future, I expect the continuation of active growth on the part of the currency pair. As a target I pursue the area of 1.3800. Moving averages indicate bullish potential. Support levels: 1.3690, 1.3640 Resistance levels: 1.3712 I expect the growth to continue after a small correction or consolidation. Target 1.3800. Regards R. Linda!
Long
by RLinda
15
🥇GOLD - The fall may continue, but after a small correction Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825. TA on the high timeframe: 1) Broken 0.5 fibo level. A strong fall is formed from the opening 2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850. TA on the low timeframe: 1) We have a strong downtrend 2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels. 3) In the medium term, the fall will continue, but after a probable correction. Key support📉: 1825 Key resistance📈: 1833, 1840, 1850
OANDA:XAUUSDShort
by AndeWave
13
BTCUSD → False breakdown inside the historical range BINANCE:BTCUSD continues to form a global ascending price channel. After the retest of one of the important support levels, a new bullish potential appears On the chart I have marked the range 31400 - 25400. Earlier we saw a correction to the support area and a false breakout of the level, which gives the market a new potential. The indicated range plays a key role for pricing. The boundaries of the range appeared back in the cryptozyme - from May to July, in times of strong decline, now these boundaries are confirmed. In fact, only the resistance of the specified range 31400 separates us from a strong further growth to 35000-40000. At the moment, the price is testing the 28500 area and forming a correction to 26700, the local correction wave at its end may give a reversal and growth to 31400 for another retest of the key resistance. From the fundamental point of view, a strong push for strengthening will be given by the SEC approval of BTC-ETF, but they are not in a hurry yet. The moving averages have recently formed a bearish signal, but within a consolidation formation, in which case the strength of the signal is not so obvious. The market is waiting for something strong and continues to consolidate. Support levels: 26700, 25400 Resistance levels: 28500, 30200, 31400 At the same time bitcoin feels more confident than the same SP500 ( AMEX:SPY ) , whose correlation has been quite strong lately. At the same time, on the background of strengthening of the TVC:DXY , the value of the asset is also growing COINBASE:BTCUSD BINANCE:BTCUSD COINBASE:ETHUSD BINANCE:ETHUSD TVC:DXY VANTAGE:SP500 TVC:SPX Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
11
Bitcoin is extremely bullish and left people in disbelief! Bitcoin continues to rally from the bottom of 24920 to 27137 and is heading towards 28650! This is going to happen; the bull market is absolutely awesome, and profits are huge! If you are following me, I have been bullish almost from the bottom of the last big dump while the majority is still shorting Bitcoin on futures, which can also be seen in the negative funding rate on exchanges. I hope you guys are enjoying this bullishness as much as I do, and I wish you massive profits! From a technical perspective, the price of Bitcoin is moving in the ascending parallel channel on the 4H chart and will touch the trendline in the first week of October! This is also a strong resistance because of the 1:1 Fibonacci extension from wave (1) -> wave (2). October, November, and December are statistically bullish months for Bitcoin, so we should expect an uptrend this season. Summer is usually boring, and September is usually bearish. I see bullishness on Ethereum and altcoins, which is another good sign for the crypto market. DXY is pretty bullish, while Bitcoin is bullish as well, another strong sign! What about gold and silver? These assets are going down, while Bitcoin is also rising, making a bullish divergence another good sign! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
133
🥇GOLD - The buyer is out of the market. A big drop Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that can stop the price still far away TA on low timeframe: 1) The 0.5 fibo is broken, at 1840.9. 2) Price is heading towards 1825, a correction can be formed from this level. After the correction, it makes sense to expect a fall. Within the counter-trend correction the price may reach 1930, 1940. 3) Medium-term target for us is 1807 (level from the weekly chart) Key support📉: 1825, 1815, 1810 Key resistance📈: 1840
OANDA:XAUUSDShort
by AndeWave
18
💱CADJPY - A retest of support will send the price down CADJPY breaks uptrend support and after another correction forms a signal that suggests that the market is preparing for further decline TA on the high timeframe: 1) After breaking the 109.268 support, a correction is formed. In the medium term, the price may test this line before further growth 2) The market is interested in the liquidity area below 109.336 and 0.5 Fibo level. TA on the low timeframe: 1) A break of trend support is forming - a risk zone for price. The market is rebuilding 2) The level of 109.938 is formed and after a small correction to 110.3 the price returns to the support and forms a signal. 3) Breakout of 109.938 and price consolidation below the level will form a sell signal. Key resistance📈: 110.37 Key support📉: 109.938 and 109.226
Short
by AndeWave
9
GOLD → The fall continues. Target 1828, 1812 and 1800OANDA:XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a correction before further decline. The strong bearish trend continues in the market on the back of TVC:DXY strengthening. ISM Manufacturing PMI & Prices are released today, as well as FED Chars Powell speaks. It is worth paying attention to these releases. From the technical analysis point of view, I will wait for a bounce from 1828 towards the nearest resistance to increase liquidity, after which the price will continue another decline towards 1812 and 1800. The moving averages are showing a strong trend and there is a strong signal on D1 Support levels: 1828, 1812 Resistance levels: 1846 I expect a continuation of the fall in the medium term. Before the further fall, a pullback may be formed, watch the price reaction to the marked levels OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
EURUSD → Retest of resistance leads to new sales FX:EURUSD is forming a retest of resistance of the descending price channel. On the senior timeframe (D1) the preconditions for further sell-offs are forming The market is in the bear market phase. The resistance retest forms a consolidation of the price below the level, which forms a bearish potential before the further fall. At the moment, the fundamental background of the TVC:DXY is quite strong and thus, the Euro will weaken against it, which is what we see. On the monthly chart the price is testing an important support level. On the background of a strong fall, a false breakdown may be formed, which may be followed by a correction. The market cannot fall all the time and at some time EURUSD may go into the phase of consolidation (correction or flat formation). Moving averages act as resistance. Support levels: 1.05000, 1.0557 Resistance levels: 1.0610, 1.0635 I expect the continuation of the fall to the mentioned support area with the subsequent breakout and further fall to 1.0350 Regards R. Linda!
Short
by RLinda
27
GOLD → There's no place to shop. Bear Market ↘︎OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to determine the medium-term outlook. Pay attention to such data as. -ISM Manufacturin, FED Chair Powell Speaks - NonFarm E.C., SP Global Services, Non-Manufacturing -Initial Jobless Claims -NonFarm, Unemployment Rate Fundamental factors are a significant part of the leverage that drives the market. The TVC:DXY is currently under the influence of a positive fundamental background, which is quite negative for gold From the point of view of technical analysis we see a strong distributive movement. The probable target of this movement may be the following zones: 1827, 1809, 1773, the targets are shown on the chart above. These are important liquidity zones in the medium term. At the moment gold is in an empty range (no volume density zones). The price can reach the lower boundary of the main flat - 1809 - quite quickly. But, on Monday, from the opening session the price may form a small pullback to form consolidation. The correction may be directed to 1860, or even to 1875, but there are no signals to start a strong growth now. We expect a fall to 1800 OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
31
Ethereum is starting a new bull market! (after 2 years) After almost 2 years, ETH is starting a new bull market. It's still a great time to buy before ETH reaches 10,000–20,000 USDT per coin! So why is ETH bullish? To answer this question, we need to use the Elliott Wave theory and chart patterns on the weekly chart. As we can see, we have a strong Elliott Wave nest (1-2-1-2) with a combination of the previous ABC Zig Zag (3-3-3). This combo is indeed powerful! What's more, we can see an ascending triangle at the bottom of the trend, which is an even stronger bullish sign! You want to buy Ethereum and Bitcoin as soon as possible to earn a lot of money, as the price is still very cheap. Profits are already insane, so be greedy and enjoy the ride! What is the profit target? You do not want to sell ETH for less than 10,000 USD per coin, that's for sure. As per my analysis, ETH could reach 20,000 USD in 2025, which you will see in one of my next analyses, so make sure you are following me! But of course, in the short term, we have some strong resistances, such as the 0.618 FIB at 2534 USD. Definitely a good profit target for swing traders. I really look forward to 2024 and 2025, which will be bullish months! At this moment, probably 95% of traders are gone; they left the crypto space because, of course, they lost money during the previous bear market and were forced to sell their holdings. Some people may say that people should hold strongly and never sell, but if someone has to pay the bills, they are forced to sell it. So it's easy to say, right? This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. That's my outlook; be bullish and have a nice day! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
57
Bitcoin - Ready to reach 30k! (watch this trendline) Bitcoin is bullish and is ready to reach 29167 in the next few days or at the start of October. Of course, 30k will follow, but 29k is a strong resistance, and we should see a pullback from it! Watch this yellow trendline, which is a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend, but be aware of a possible retest first. Your stop-loss needs to be safe! So why is the 29167 level of resistance strong? We have the 0.618 Fibonacci retracement of the previous downtrend, and we also have a point of control on the volume profile. What's more, it's the start of the fair value gap. I am definitely expecting a pullback from it! It's always important to do an Elliott Wave analysis because it gives us an outlook on the overall trend and market structure. In the downtrend from 31k to 25k, I see a complex correction—the triple-three pattern WXYXZ. This is a corrective move and shows a lot of weakness. That's why I am bullish! 26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025. Why 125? Check out my profile or my previous analyses! It's also important to watch altcoins and how they are doing because it gives us another good indicator for Bitcoin. Of course, altcoins such as ETH, XRP, and DOGE are bullish. This was a quick update on the local price of Bitcoin. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
162
GOLD → Correction amid strong bearish trend OANDA:XAUUSD stops its fall after reaching our yesterday's target. After a false breakout of 1860, a counter-trend correction to resistance is forming. But why!? The price cannot fall all the time, after a strong movement to one side or another a correction is formed to increase liquidity - complex mechanisms of market management by big players. The price is approaching the area of 1875 - an important enough place to form further targets. Above 1878 a pool of liquidity is forming and most likely the price may form a retest or a false breakout before falling further. Maybe a sideways flat will form after a strong fall. But at the moment we have the background of a strong trend Key resistance: 1875, 1878 Key support: 1860 In the long term I expect a continuation of the fall, the reasons for this are given in the early ideas. But a small correction may follow before a further fall. Regards R. Linda
OANDA:XAUUSDShort
by RLinda
12
GBPJPY → A false breakout leads to a retest of resistance FX:GBPJPY is forming a false breakdown of the support at 181.96. On the background of strengthening of the main currency we see active growth of the pair. A false breakout is formed on the chart with the subsequent price growth towards the key resistance, which is the lower boundary of the ascending price channel. If the price after the next retest can return to the framework of the uptrend, then in the medium term we can see the price growth. But, GBP growth may be a short-term correction on the background of weakening of the strict policy of the central bank. In such a case, a retest of the previously broken trend support will determine the entry point for further selling. Support levels: 181.96, 180.900 Resistance levels: trend support, 183.700. I expect a retest of the resistance, and the future pricing of the currency pair will depend on the market's further reaction to this level and GBP behavior. Regards R. Linda!
by RLinda
16