Due to the formation of a false breakdown from the level of 5419234 , chances for further quotes decrease are growing. Only a return beyond that level will provide an opportunity for growth for both the entire crypto market and for bitcoin in particular. At the moment, the scenario with the breakdown of the local bottom around 3752582 is quite...
At the moment key events are taking place, in case of further price consolidation at the current levels, chances for the continuation of the current growing trend will increase significantly, the key resistance level is 5911072 (its test took place on April 3, 2022). Impulses formed from the upcoming consolidation will be an additional confirmation of the idea of...
Bitcoin continues its recovery and is above the key resistance of 5125726 (we mentioned in our previous review), which increases the probability of the growing trend continuation, locally I would like to see a correction in the form of a price trading - this will give additional confirmation of the future ascending of quotations and entry points for buying with a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (86.44). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SGDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Bitcoin continues to stay in a local consolidation, we believe that there are chances for growth in quotes, but for this purpose it is necessary for the price to move to the key resistance in the area of 5125700. If this level is reached, the probability of a small local pullback will grow and chances for further rise will also grow and this will give an entry...
The key resistance level in bitcoin is 5235700, in case of approach to these marks, the probability of local pullback will increase. If after that buyers start to intercept the initiative and do not allow the price to fall deeply, which leads to consolidation of quotations, chances to ascend will increase many times. We still believe that the cryptocurrency market...
JPY index is consolidating near bottom. Geopolitical risk and JPY is a safe heaven currency
From 24. 01 .2022 to 10.02.2022 an upward impulse movement was formed, increasing chances for the tendency change towards the growth of quotations. With a high probability the correction to this impulse was completed on 24.12.2022, this is proved by breakdown of the key level 4956965. Together with the pessimism of investors and the technical picture we expect the...
Trading Setup: There is a Trading Signal to Sell in GBPJPY Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now 154.28or Sell on 155.31 ⭕️SL: 156.27 🔵TP1: 153.41 🔵TP2: 151.51 🔵TP3: 148.80 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you...
Technical situation in bitcoin is still uncertain, but at the same time we believe that correction from April 2021 is coming to the end. Buy entry tactics looks logically justified as at the moment there is an impulse movement, which gives us a reason to expect the continuation of the recovery (cancellation of the scenario of the exit below 3913900). Plus, the...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (115.25). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts...
With high probability there will be a false-break from the level of 4957000 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 5000000 will confirm this idea. Further we will monitor the situation as there will be a probability of local pullbacks (which...
Bitcoin has developed an impulse movement, which indicates a high probability of further growth of quotations, investor pessimism is behind, there is no euphoria, which additionally indicates a medium-term continuation of the price ascent. It is locally profitable to track corrective pullbacks to buy entry, the goal is to overcome the high of the price near...
All JPY pairs rising USDJPY is on resistance area. DXY at mid of S/R area
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development: 1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of 4900000. 2. renewal of the minimums around 3000000 and impulse...
At the current stage, the best position is to be out of position. At the moment we can distinguish two main scenarios for further movements in bitcoin: 1. The continuation of the decrease in quotations and the breakdown of the local minimum around 3200000, after which we can start looking for an entry point to buy. 2) Impulse building and rebound to the area of...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (129.59). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts...
The key support level is 4330000, until this level is broken through, we consider the current pullback as a correction to the rising momentum from 10. 01 .2021, but in case of breakdown of these marks, it will be necessary to monitor the situation. Investor sentiment is pessimistic and this increases the probability of quotes rise. We allocate TRON as the most...