SPA is setting up a classic Double Bottom pattern which is typically bullish. Respecting the same ascending parallel price channel since end of last year it will retest the 0.0366 target before this Friday, Valentines Day 2/14. RSI, MACD showing a flip to positive bullish soon. Volume is consolidating. Price bouncing off bottom of Bollinger Bands typically signals an upward swing.
If price action breaks below 97'1K we should start to see the decline back down to the pivot at 96'2K
This is the proof of first TP hit, wait for another signal.
Bullish cross ~112 weeks post bear-market bottom...history repeating?
Greetings Traders, In today’s analysis on NAS100USD, we observe that price is currently reacting to a rejection block, an institutional resistance zone. This offers a potential opportunity to seek short positions, anticipating a minor draw on liquidity to the downside. The plan is to wait for a bearish confirmation within this zone and target the liquidity pools resting below key lows. Stay patient and disciplined while awaiting confirmation before executing trades. Kind Regards, The Architect
This analysis is solely based on the chart. Issues such as the overall market situation, the fundamentals of the currency, macroeconomics, and other parameters like traders' expectations for an altcoin season have never been taken into account. It is an analysis purely based on the chart. What I observe in this chart is that it requires a relatively deep correction. For clarity, some aspects of this analysis have been omitted. Please do not base your trades on this analysis. If such an analysis were to become reality, what do you think would happen to other cryptocurrencies? I would appreciate your constructive feedback regarding the price and its movement.
For the past decade, since 2012, a specific pattern has emerged that has consistently proven to be a reliable predictor of when the next market top will occur. The first 2-day life cross (red circles) that prints after the previous market top has been an accurate predictor of the time until the next market top since 2012. At most that time is 745 days away and could be as little as 550 days away. The market top is in not more than 14 weeks from now, mid May 2025. And potentially as early as March 10th at 681 days as with the 2021 bull run. Is this time different? Ww
Currently at an Important Resistance zone. Once this Resistance is Broken, we may witness 170+
Given the currency is currently under the 200EMA, the level of price indicates a crucial level of price. The size and quantity of red candles indicates a strong push to the down side. With levels and this prices in previous times also reacted. Anticipate many retail traders to take profits off the table.... Just an anticipated idea....
Judging from the current 4-hour gold trend, gold is currently fluctuating above the 2900 line, but the bulls have been in a strong position. Below we pay attention to the 2890 line support, and above we continue to look for new highs. After all, the bulls are still the dominant trend. In terms of operation, we continue to focus on looking for opportunities to go long when we step back. Gold operation strategy: Go long on gold when it falls back to 2885-2890, target 2910-2915;