💡Don't miss the great buy opportunity in GOLDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1798.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 1831.7
TP2= @ 1858.0
TP3= @ 1871.9
TP4= @ 1891.8
TP5= @ 1920.0
SL= Break below S2
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J-USD
BTC/USD - weekly Analytics + Altcoins 23.05.2022Bitcoin remains in consolidation, which indicates the purchases of large players in this range at an average price of 30,000. This is a positive sign for the formation of a stable uptrend in the future, a breakdown of the key mark of 31,150 will strengthen the growth of quotations.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend.
BTC/USD - weekly Analytics + Altcoins 16.05.2022From May 12-13, 2022 there is a potential upside movement in bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 31.150, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
Gold is the best hedging instrumentGold is the best hedging instrument
Every sound investor knows that when the market turns grim, the best place to put their money is in Gold, Gold has always performed well during the times of crisis be it the 2008 crash or the covid downfall, or even in the recent Russo-Ukraine series of events.
Although the price of gold remains very volatile, today I will try to put forward my technical view regarding gold.
Monthly analysis:
Gold has been trading with a median price of around $1800 since the covid outbreak, but recently after Russia invaded Ukraine, the price of gold shot up and almost made another all-time high, but it couldn't hold the levels and fell down rather sharply and currently, it is trading in a strong support zone.
Weekly analysis:
The price of gold has been taking support from an inclined trendline since August 2021, with the continuous formation of higher highs and higher low formations, currently, the price is trading at the support trendline currently and a position can be created according to whether it breaks the trendline or if it takes support from it again.
Daily analysis:
This is where the things get interesting, on the daily timeframe the price is currently trading at yet another recent support which also happens to concur with the weekly support trendline. Thus any bullish candle formation can indicate that a long position can be created and on the breakdown of the trendline we can short XAUUSD.
In a nutshell:
XAUUSD
View - Neutral
Formation of a double top on the monthly timeframe.
Price trading on support zone in the weekly and daily timeframe.
A possible plan of action:
Bullish above $1865 with SL of 1848.
Bearish below $1848 with SL of 1866
Thank You
GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1850.00, resumption of uptrend is expected.
We make sure when the resistance at 2075.00 breaks.
If the support at 1850.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1850.00 is broken.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
While the RSI resistance #2 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1998.30 on 04/18/2022, so more losses to support(s) 1875.00 and minimum to Major Support (1850.00) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 41.
Take Profits:
1790.08
1804.23
1814.96
1831.00
1875.00
1958.29
2000.00
2075.00
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.04966).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.05678
TP2= @ 0.06349
TP3= @ 0.07129
TP4= @ 0.07619
TP5= @ 0.08277
SL= Break below S2
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💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1872.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1902.9
TP2= @ 1920.0
TP3= @ 1938.7
TP4= @ 1958.5
TP5= @ 1972.5
SL= Break below S2
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BTC/USD - weekly Analytics + Altcoins 04.05.2022In bitcoin , as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 40 .750, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at pessimistic levels, this indirectly suggests potential lows, but confirmation of this idea needs to be monitored on the facts.
Altcoins:
TRX in our view still looks attractive for buying, yes, there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2754.06).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51.
Take Profits:
TP1= @ 2840.10
TP2= @ 2904.65
TP3= @ 2979.96
TP4= @ 3048.83
TP5= @ 3167.06
SL= Break below S2
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💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1891.2).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1919.3
TP2= @ 1938.0
TP3= @ 1958.3
TP4= @ 1981.2
TP5= @ 1998.2
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (395.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 68.
Take Profits:
TP1= @ 407.7
TP2= @ 412.9
TP3= @ 418.8
TP4= @ 426.2
TP5= @ 431.4
SL= Break below S2
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💡Don't miss the great buy opportunity in DOGEUSD @dogecoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1488).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.1710
TP2= @ 0.1805
TP3= @ 0.1962
TP4= @ 0.2145
TP5= @ 0.2299
SL= Break below S2
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BTC/USD - weekly Analytics + Altcoins 25.04.2022Local price consolidation in bitcoin ended with impulse decrease. The only thing that provides confusion - is the pessimism of investors about the market. So the situation looks ambiguous: the technique says about the decrease, while the mood increases the probability of growth. Therefore, we should wait for local movements, which may give additional signals about the future of bitcoin and the crypto market as a whole.
Altcoins:
In our opinion, TRX still looks attractive for buying, yes, there is a possibility of local decrease, but it should not affect the global rising trend.
💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (152.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 172.5
TP2= @ 183.9
TP3= @ 199.5
TP4= @ 211.7
TP5= @ 230.1
SL= Break below S2
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💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (226.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 249.9
TP2= @ 264.9
TP3= @ 276.6
TP4= @ 293.5
TP5= @ 309.9
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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💡Don't miss the great buy opportunity in THETAUSD@Theta_NetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.221).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 3.575
TP2= @ 3.948
TP3= @ 4.352
TP4= @ 4.828
TP5= @ 5.257
SL= Break below S2
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💡Don't miss the great sell opportunity in USDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2537).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.2459
TP2= @ 1.2430
TP3= @ 1.2400
TP4= @ 1.2357
TP5= @ 1.2289
SL: Break Above R2
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