We recently got a SFP of the low, which makes the 4H High weak.The real question now is, do the Bulls have enough strength to take out that weak 4H high.If they do, we could see a Pong type situation play out.The Bears reject the Bulls from the 1H Internal Supply Range, then the Bulls…
Short-term structureClear sequence of lower highs and lower lows ā trend firmly tilted to the downside Trendline acting as resistancePrice repeatedly rejected along the descending trendline ā sellers defending structure Rejection at key levels~$380ā$386 zone continues to cap price ā no successful break or close above Failed attempts to shift structureMultiple pushes into resistance failing…
Gold is not simply ādroppingā ā it is being drawn into lower liquidity pools.What appears as weakness is actually controlled positioning by Smart Money.And right now, price is approaching the zone where the next directional decision will be made. Heading into the US session, the macro backdrop is neutralizing: the USD remains relatively firm following…
š 1. MACRO CONTEXT: USD IS āDRAININGā GOLD The deadlock in USāIran negotiations and rising tensions in the Strait of Hormuz are turning the USD into the number one safe haven. Although FedWatch shows a 35% probability of a rate cut, as long as Jerome Powell hasnāt made an official statement, bears are still in…
#TRON The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key…
The crypto market capitalisation has fallen by 1.2% to $2.56 trillion over the past 24 hours, marking a second consecutive day of decline. This time, the pressure is linked to the broader strengthening of the US dollar, which is raising the benchmark higher. Among the top gainers are Tezos (+7.9%), Cosmos (+1.7%) and Dogecoin (+1.6%)….
The institutional support for Bitcoin is still continuing, as per the latest data. Notably, spot Bitcoin ETFs have now recorded their fourth consecutive week of net inflows with $823M inflows in the past seven days. This suggests positive sentiment is strengthening as the price of BTC keeps seeing slight growth. Another Strong Week for Bitcoin…
Bitcoin has been going slightly up in the recent weeks, but the structure of the uptrend seems to be corrective rather than impulsive. Signs of a corrective trend are overlapping swings, huge retracements between waves, and holding parallel channels (price never went above the channel). If a trend is bullish, the price should go above…
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart…
#ZEUS The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key…
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