BTC is very weak globally, the market cap is also very low. This has happened in the past few days and BTC is going to go down in the next few days. The support zone is 91,000. Now let's wait and see.
If we look at the chart, the current structure looks very similar to what happened right before the market decline in August. We've formed a head and shoulders (albeit not perfect as it's slanted), and price seems to be breaking down. If price action accelerates to do downside, it's likely to take the market with it just like it did the last time. Paying attention to this over the coming weeks.
The left side of the chart is the consolidation range. The red channel comes from a breakdown of support. This is not a bearish impulse but a breakdown of support. This is revealed by the structure of the chart and the trading volume. Since support broke down, the next logical step is for AXLBTC (Axelar) to test previous support as resistance. This indicate a move back to baseline, this is the minimum. The baseline being a ~60% up-move. The resistance level will break then Axelar will end up moving higher, much higher... Additional details and a higher target can be found mapped on the chart. Thank you for reading. Namaste.
James Hello everyone! Currently, gold prices are entering a bullish consolidation phase as Trump tariffs weigh on risk sentiment. The US dollar is struggling to hold despite the dovish Fed Minutes as US Treasury yields decline. Currently, gold prices are waiting for acceptance above $2,950 as the daily technical setup favors buyers. As mentioned on the 1-hour chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, suggesting further upside potential for gold without any significant reversal.
? EUR/USD Analysis & Forecast ? ? Selling Zone: 1.04285 ? Technical Target: 1.02050 ? Key Levels to Watch: ✅ Resistance Zone: 1.05165 ✅ Support Zone: 1.02983 The EUR/USD pair is approaching a potential selling zone at 1.04285, indicating a bearish outlook. If the price follows this trend, the next target level could be 1.02050. Traders should also monitor the resistance zone at 1.05165, which may act as a ceiling for upward movement, and the support zone at 1.02983, which could provide a buying opportunity if the price drops.
The scenario is for reference only and does not constitute an investment recommendation
We have filled the candle imbalance also known as the 15m fair value gap. We have also tapped into an important bullish order block. I expect to see continuation long here to at least retest the most recent highs.
Today will be flat opening expected in nifty. After opening possible nifty can consolidated in between 22950-23050 level. Any major movement only expected either breakout of 23050 level or downside of 22950 level. Downside 22800 will act as a important support for today's session. Below this support level sharp downside rally expected.
Solana has been bearish for exactly 1 month, since 19-January. Here we have a very steep decline. This decline is reaching its end. The same dynamic with Bitcoin and Dogecoin, notice the disparity between the price action and the volume. The red candle 19-January has really high volume. The red candle that marked the last low, 18-February, has much lower volume. So we have a lower volume lower low. Where are the bears? If they are around, they are lacking force. No bears or weak bears we like because we are bulls. A steep decline will be balanced out by a strong parabolic rise. Notice the peak in November 2024 produced a correction that was almost twice as long, it was followed by an advance. The fact that we have such a strong and steep decline means that the market is ready to change. This market behavior reveals that traders are not really bearish on Solana, no!, the whales are trying to shakeout weak hands and liquidating over-leveraged positions, that is what the chart says. It is more likely than not, that this objective has been complete. Which means that we are no longer bearish. Let's focus on the chart. The 0.618 Fib. retracement level is a strong support. This is the blue line on the chart. This level is relative to the bullish wave that developed between August and November 2024. The correction took SOLUSDT below this level on a wick. The sessions that wicked lower were the 18th and 19th February, both days closed above this level. This is telling us that buyers showed up. Coincidentally, this is the exact same level at which SOLUSDT in January 13, found support. This is also the level that launched an advance from $155 to $264. So this level is very important and so far it holds as support. This can mean that the low is in, next we are going up. This is the chart. Now, things can change and the market can fluctuate and even produce a lower low. I am not of this opinion but this is a possibility, here marked purple as 0.786 Fib. retracement. If there is another drop this level can be tested next but, looking at the low volume, how the previous days closed above this level and marketwide action, we are going up next. I don't like to commit myself so just in case prices drop I can say that I was right rather than wrong. But I don't mind being committed; the bottom is in, we are going up. That's my opinion based on marketwide action and the chart. Now, market conditions can always change, so make sure to prepare for all scenarios if you decide to trade. I love you. Your support is truly appreciated. It is my pleasure to write for you again today. Thanks a lot for your continued support. I'll meet you on the next chart. Namaste.
Flat or slightly gap down opening expected in banknifty. After opening if banknifty starts trading and sustain above 49550 level then possible upside rally upto 49950+ level in today's session. Major downside expected if banknifty not sustain above level and starts trading below 49450. This downside can possible of 400-500+ points. Downside 49050 level will act as a strong support for today's session.