💡Don't miss the great buy opportunity in KNCUSD @KyberNetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.853).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. KNCUSDT 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= @ 2.027
TP2= @ 2.178
TP3= @ 2.317
TP4= @ 2.487
TP5= @ 2.675
SL= Break below S2
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USD
USDINR terminal move - 400 pip downmove likelyUSDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the cards.
When weakness sets in, it can take the pair to 73.75 level. Moves on completion of ending diagonals are quick heads to the origination of the pattern.
Target area is indicated.
As always keep stop losses to protect capital
💡Don't miss the great buy opportunity in ADAUSD @CardanoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5044).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAUSDT 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 72.
Take Profits:
TP1= @ 0.5558
TP2= @ 0.6018
TP3= @ 0.6964
TP4= @ 0.7594
TP5= @ 0.8989
SL= Break below S2
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BTC/USD - weekly Analytics + Altcoins 30.05.2022Bitcoin formed a false-break from the level of $28.650, followed by an impulse movement. These facts and the pessimism of investors give reason to expect further growth of quotations, the breakdown of the level of $31.150 will give another trigger for the ascent.
Altcoins:
TRX , in our opinion, still looks attractive for buying, an additional confirmation of future growth will be a breakthrough of 0.092.
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29906.37).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD 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 74.
Take Profits:
TP1= @ 31457.46
TP2= @ 32673.24
TP3= @ 34344.46
TP4= @ 36193.81
TP5= @ 37583.56
SL= Break below S2
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💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0605).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD 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 56.
Take Profits:
TP1= @ 1.0700
TP2= @ 1.0760
TP3= @ 1.0811
TP4= @ 1.0850
TP5= @ 1.0894
SL= Break below S2
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💡Don't miss the great buy opportunity in NEOUSD @Neo_BlockchainTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (11.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEOUSDT 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 64.
Take Profits:
TP1= @ 12.22
TP2= @ 12.64
TP3= @ 13.28
TP4= @ 14.11
TP5= @ 15.00
SL= Break below S2
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💡Don't miss the great buy opportunity in SUSHIUSD @SushiSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.504 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SUSHIUSD 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 74.
Take Profits:
TP1= @ 1.708
TP2= @ 1.815
TP3= @ 1.979
TP4= @ 2.173
TP5= @ 2.323
SL= Break below S2
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💡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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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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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️