📉 1. MACRO CONTEXT: USD IS “DRAINING” GOLD The deadlock in US–Iran 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 hasn’t 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…
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10350 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10350 would…
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in…
Market Overview The crypto market capitalisation rose to $2.64T in the early hours of Monday but quickly retreated to the $2.60T level that has held steady over the past five days. Bears are aggressively defending the level from which the active sell-off began in February and where local highs were also seen earlier in April….
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