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EURUSD: The Dollar Continues to Take OverHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.04700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.04700 support and resistance area.
Trade safe, Joe.
#BTC/USDT Eyeing on a NEW ATH OR Is it JUST A TRAP?Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls.
Was this a trap?
Are we on a path to a new all-time high while many players have already been shaken out and liquidated?
The next few daily candle closes will give us the answers.
Stay tuned.
#Crypto
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$XRP is less affected by the correctionCRYPTOCAP:XRP has reacted less violently to the correction and actually still has quite a nice resistance at which it rests.
MARKETSCOM:RIPPLE also did not have to correct this far as it had already completed the correction earlier.
I don't want to say that we won't go back to position 2, but for now it seems to be holding up well. Certainly if Bitcoin no longer retests, it seems to me that the bottom has been hit again.
More about MARKETSCOM:RIPPLE later
Be kind to the world and each other!
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market.
The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected.
The Fed's hawkishness has played its role: the dollar is rising, markets are falling.
Today all eyes are on GDP and initial jobless claims.
Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581.
Resistance levels: 2620, 2630, 2636
Support levels: 2616, 2612, 2603
After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline.
Regards R. Linda!
X EmpireHello to the followers,
I am here with another analysis of the OKX:XUSDT currency.
I would like for such a scenario to occur for the price.
This means that we should first have about a 15% correction, then a price increase of 43%, and after that, a 56% correction.
In my opinion, if such a scenario becomes a reality, we can expect a good movement for this currency starting from the green area.
There is a possibility that the price may correct even more.
Of course, we should be on the lookout for good news around that time.
News such as OKX:XUSDT being listed on Binance.
In general, such currencies are heavily influenced by news. Therefore, I advise their followers to closely monitor the news at critical price points.
In the long run, if the community for this currency performs well, one can expect a 10x to even 20x return from this currency.
It is worth mentioning that the market cap of this currency has the potential for such stunning growth, but the market cap is not the only factor for such increases.
Finally, if you are satisfied with such analyses, I would appreciate it if you could like it and leave your constructive comments below.
USDCHF: Bullish Move Confirmed 🇺🇸🇨🇭
It looks like a local correctional movement is over on USDCHF
and the pair is returning to a bullish trend.
The release of the today's US fundamentals made the pair
violate a resistance line of a narrow consolidation range on an hourly.
The price will most likely go up to 0.9007 level.
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BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks.
But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ZEN/USDT- Bullish Breakout Targets ATHDescription:
Breakout Confirmation:- Horizen (ZEN) has successfully broken out of its long-term downtrend, supported by significant volume.
Retest Success:- The $15.50 zone has flipped from resistance to support, reinforcing the bullish case.
Potential Target:- Based on historical price action, the next major resistance is at the all-time high of $170.95, a potential 1,025% upside.
Strategy:-
Entry:- On a pullback to $15.50–$18.00.
Stop Loss:- Below $14.00 to manage risk.
Targets:- Short-term: $36.50, Medium-term: $85.00, Long-term: $170.95.
Risk Management:- Use proper position sizing and adjust stops to break even once the price moves significantly in your favor.
$XRP on repeatMARKETSCOM:RIPPLE has hit the box at position 2. It seems, especially with what Bitcoin is currently doing, that we have completed our correction.
In my chart about bitcoin I show that we are currently very close to a supply zone that is quite important whether we are going to rise or fall.
Depending on that and if history repeats itself, we can go to an extended fib 1.618 first. Possibly around 3.70. For now, MARKETSCOM:BITCOIN is in charge and we'll listen to what it has to say.
Be kind to the world and each other!
BITCOIN // Start of the weekly correction?After a nice expansion, Bitcoin has reached the weekly target fibo 300 and the monthly 200.
From this level, the chance of a deep correction is significant.
If the weekly candle closes like this, below the weekly impulse base, the market breaks the weekly structure and enters the correction space of the last weekly impulse.
There may be a correction of the corrective impulse, but chances are high that it will turn below the peak and go south.
There is a clean (not yet tested) H4 breakdown that triggers the longs. Below that, I'll be looking for short trades.
I don't know anything about the fundamentals, though, can anyone enlighten me in the comments?
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
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Altseason is cancelled for now.USDT.D shot up like a rocket during this crash, while Total3 is in freefall.
BTC only took a -4% hit, but the altcoin market? A brutal -8%.
It’s clear: CRYPTOCAP:BTC and those ETF approvers are running the show, draining liquidity from retail investors to keep pumping BTC at the expense of altcoins.
I warned you—invite these guys to your party, and they’ll clean out the buffet.
If you’re holding altcoins, all you can do is hang in there and hope BTC throws some karma their way.
BTC is ready for Retracement till $80kBTC is repeating previous swing low pattern, Mean BTC in longer run is till bullish and right now its doing retracement for new swing high.
In a longer run, BTC will retrace till 0.5 Fib level which is $80300, and approx. duration for this retracement would be. 180 days (6 Months).
After retracement completion BTC will rise for $140k.
Confluences : RSI is showing divergence, mean for now Long trades will be invalid in monthly Chart.
Last ABCD pattern is also completed , mean Swing High is defined now.
I am not seeing any High now till the retracement will be completed.