Gold is now poised for a downward sharp move. We expect the yellow metal to come to a stop at 2800-2810 where it will form a cypher pattern. Enjoy the ride of this retracement. All the best
Bearish pattern looks close to completion or already done Shorts need to start booking out. Decent risk reward on longs
PEPE/USDT looks juicy! Retesting the bottom of this ascending channel. Keep an eye on this setup.
The purple lines show the approximate potential high in 2025 and the approximate low in 2026. These prices are based on the measurement of 3 annual cycles, where every single year from 2019 was taken into account. The prices are not completely exact, but they can be approximate +-3K.
A close above $32.65 would confirm that Silver is starting to move higher quicker. Note the transition from the lower gradient channel to a stepper channel. I believe today's move is shorts getting blown out. The move is just beginning.
The RBA and the RBNZ are expected to deliver rate decisions next week, so there might be an slight opportunity for the bulls to capture a move higher, before those Banks deliver. Also, the current weakness in DXY could give a small helping hand for the bulls. That said, the positivity might be short-lived, as both Banks are expected to announce cuts, with the RBNZ potentially going for the bigger 50 bps cut. Let's see what happens. MARKETSCOM:AUDUSD MARKETSCOM:NZDUSD FX_IDC:AUDUSD FX_IDC:NZDUSD 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
In the previous analysis, we anticipated a bullish move from the identified zones, and the price surged approximately 300 pips, reaching near the ATH. However, the upward movement was slower than expected. Although the possibility of a further rise toward the 3000 level and the upper boundary of the curved channel still exists, this scenario has significantly weakened. Currently, a structure break in the 1-hour timeframe could trigger a sharp bearish move, potentially leading to the breakdown of the ascending channel in the 4-hour timeframe. In this case, the minimum correction target would be around 2864.
Dear traders Hope you are doing great, after long we are back. We think price is likely to continue the bull run towards $3100.
4h highs getting broken / structure shift. Possible breakout Entry bid set at 4.5568 May adjust profit target depending on reaction/how well it's going after entry.
BTCUSDT is currently showing a strong bounce from its key support level, a critical area that has historically held up during periods of price correction. The price action suggests that BTCUSDT is poised to make a significant move upward, especially as it is testing this support with good volume backing the move. Traders are watching closely as Bitcoin shows resilience and the potential for a price rally toward the 120K level. With expectations of a 20% to 25%+ gain, this setup presents an exciting opportunity for those looking to capitalize on Bitcoin’s bounce off this major support zone. Support and resistance levels play a vital role in technical analysis, and BTCUSDT's current price action is a clear example of how these levels can guide market behavior. After a period of consolidation near the support level, the market has begun to show signs of upward momentum, with solid volume confirming that buying pressure is increasing. If BTCUSDT continues to hold above this support and breaks through resistance, it could trigger a strong rally, pushing the price closer to the 120K mark. This move is in line with broader market trends, with increasing investor interest suggesting that Bitcoin is gearing up for the next leg of its bullish cycle. The good volume behind the bounce is a positive indicator for traders, as it signals that the market is backing the move. As more investors take notice of the support and resistance levels, the likelihood of a breakout increases, potentially leading to a sharp upward movement. With Bitcoin’s historical ability to break through resistance levels after strong support holds, there’s a growing sense of optimism that BTCUSDT could see further gains in the near term. The projected 20% to 25%+ return is within reach, especially if the momentum continues to build. Traders should continue to monitor key support and resistance zones, as these levels will be crucial in determining whether the price can sustain its bullish momentum. Bitcoin’s next move could be a critical one, and timing the entry could make all the difference in capturing these potential gains. With the market showing increasing interest in BTCUSDT, this setup could lead to a rewarding opportunity for those positioned correctly as Bitcoin aims for new highs.