1 - Trend Breakout 2 - EMA Ribbon Breakout & Pullback 3 - Volume Accumulation 4 - Bullish Volume 5 - RSI Respecting the trend and above 50% Entry : 45901.51 TP1 : 50864.05 TP2 : 68922.18 SL : 43006.70 Goodluck !
Gold is correcting after a lengthy downtrend, and the price action follows the chart. We have a retreat on the 50% Fibonacci, plus the intersection of EMAs, and the price is below the EMAs, so it's bearish, and we might see a protracted downtrend form the ABCD Pattern again. Investors, best of luck!
After a long downtrend, the price has reached a strong support zone, which is the lower channel trendline. We can see that we have important candlestick patterns, such as hammer and inverted hammer, as well as the breakout of the first moving average, which is a good reversal signal. Let's wait for the breakout of the second moving average after 1D and 3h for...
Sunset and GOLD is moving down , let's get on the vibe together, have a good night !
Here's my take on gold; I hope you find it useful! We had a trend reversal after a long uptrend when the price hit the major resistance, forming a head and shoulders pattern, which is a pattern that indicates the downtrend will continue, plus the quick retest on the support, which intersects with the major trend line, indicate that we may have a breakout, the...
The chart has broken the trend line after years of respecting it, and the price is above the EMA indicator, indicating that we are in a bullish trend. The chart has also broken a resistance zone, which has now become a support, and price movements have formed a cup and handle pattern, implying that we may see a trend reversal upwards in the coming months....
After a long rising trend, we have a strong bearish volume providing a powerful signal, which is the shooting star hammer with large volume, indicating that a significant push down is the most likely scenario. Investors, best of luck.
After a strong trend reversal, the price has broken through a major support zone, providing an excellent opportunity to short ES1! Investors, best of luck.
Despite the slow start to 2022, many analysts remain positive, anticipating that Ethereum's price might approach and beyond $12,000 this year. The price is currently bouncing inside a channel, and we are near the bottom, so a pullback is the most likely scenario.
The price continued to bounce inside VWAP, which plays the role of a channel, and now we have a hanging man pattern in VWAP's resistance zone, which indicates a significant trend reversal.
We have a triangle pattern that formed after the strong pullback, as well as a bullish engulfing pattern on the small support, with bulls appearing to be more powerful than bears due to stochastic RSI. We are now waiting for the breakout of the trendline and POC (volume profile point of control) as confirmations.