WEEKLY CHART check: RSI nov 2019 – mar 2020 (similar chart formation)draw: support from the previous top (before it gets pull back) – possible bounce area As you can here, most of the oversold RSI gets a reversal. Here is the potential outcome if this will play out perfectly. We also have a support based…
Before I begin this thread, please note that my account name will be changing to ThinkFast Trades š In late January GBPUSD printed a high volatility shooting star liquidity sweep through resistance. This volatility and liquidity combination suggests momentum has shifted to the downside. In the local structure we have now printed three weekly candles…
There is no buying pressure, the price is at the buyer’s block without any buyer’s reaction. To confirm a further decline within the global trend, an impulsive breakout of the 65,700ā62,800 range followed by a consolidation below this block is needed.
This is the final shakeout before the trend reversal.Support zones mark the base. March 30: Sell off: Senate recess April 4th: Bottom Forms April 13:(Good News about clarity act pumps markets) April 13: Banking Committee Mark up. Market wakes up after recess. Volatility returns price finds Support. April 30 ā May 1: XRP Las Vegas…
Based on the H1 chart analysis, we could see the price fall towards our buy entry level at 4,423.76, which is a pullback support. Our stop loss is set at 4,318.83, which is a pullback support. Our take profit is set at 4,573.85, which is an overlap resistance. High Risk Investment Warning Stratos Markets Limited…
Price has pulled back into a key inflection level after losing short term momentum. This area has acted as support before, so this is where buyers need to prove themselves. Above, there is clear resistance overhead. That zone is where price previously failed and where sellers stepped in aggressively. If SUI pushes back into that…
Volkswagen appears to have completed a full 5-wave impulse cycle, topping out around the 2021 highs. Since then, price action has transitioned into a broader corrective phase, likely unfolding as an ABC structure. Wave A marked the initial sell-off, followed by a Wave B recovery. Currently, price action suggests we are in Wave C, which…
Gold is currently being driven by escalating geopolitical tensions in the Middle East, particularly the potential deployment of ground troops. This development is likely to increase market uncertainty and risk aversion in the short term, providing bullish support for gold prices.However, this upward pressure may not be sustainable. From a broader macroeconomic perspective, persistent inflationary…
We saw a strong push higher on Friday, with price reclaiming the MA50, shifting short-term momentum and opening the potential for a move toward the MA200. Immediate resistance sits at 4529, aligning with the channel midline. A confirmed break above this level would open the path toward 4607 as the next target, while key resistance…
Litecoin. Tired of watching BTC steal the show while LTC bleeds slowly down? According to the market, flows keep rotating into majors and memecoins, leaving older alts like Litecoin lagging, and todayās headlines about regulatory pressure on alt liquidity didnāt help sentiment. Thatās exactly when I start paying attention ā when everyone gets bored and…
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