Bitcoin is expected to undergo a downward correction in the coming period, targeting the zone between $77,000 and $79,000. However, it is possible for the price to continue declining to lower levels. with signs of selling momentum at higher levels. Nonetheless, the mentioned zone might still offer a chance for consolidation and a potential upward move if supportive factors align.
AUD/USD - Sell @ 0.66564 This information is for general knowledge and educational purposes only. It does not constitute financial advice. Trading in forex involves significant risk and may not be suitable for all investors.
Hey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around 1.04100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.04100 support and resistance area. Trade safe, Joe.
FTM S monthly broke through critical support on the HTF and is now poised for further downward correction. Don't worry, maybe when they launch new charts with S, it will not be visible. We will, however, remember...
? DOT/USDT Analysis ? The price remains in a short-term downtrend, currently testing the dynamic resistance of the descending trendline. ? The EMA50 ($7.26) is acting as strong resistance, and breaking above it could trigger a bullish wave. ? Key support lies in the $6.11 - $6.90 range, and losing this zone might lead to further downside risk. ? If resistance levels are broken, the next target could be the $10.42 range. ? ? RSI Indicator suggests reduced selling pressure and a potential trend reversal. ? What do you think of this analysis? Is DOT ready for a breakout? ?
Trendline Respect: The price has shown consistent respect for the established trendlines within the descending channel. These trendlines have acted as significant guides for the price movement, reflecting a clear structure in the market's behavior. Potential Breakout: As the price narrows near the convergence of the descending trendline and support, there is a strong likelihood of a bullish breakout. Future Movement: If the breakout occurs above the descending trendline, the price could see a sharp upward movement, potentially targeting higher resistance levels. This is depicted in the chart as a zig-zagging upward projection. Confirmation Needed: Before any sustained bullish movement, confirmation of the breakout above the resistance trendline is critical. Traders should wait for price stability and volume increase as validation of the breakout.
my plan for some scalping. Have fun with Elliott...
as per chart, likely tp levels are marked invalidation if breaks below the prior range at 3300
BINANCE:ENJUSDT Stalled on descending resistance line on log chart - Ready for the next leg higher with the Momentum indicators fully reset.
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