🔥BITCOIN MAY HIT 100K NEXT FROM HERE🚀Bitcoin has recently surpassed its previous all-time high and breached the resistance level that had formed. However, there appears to be a minor selling pressure, suggesting a potential pullback to retest the previous resistance level before initiating the next rally. Notably, during the previous sell-off, a target level around $102k was maintained, corresponding to the Fibonacci 1.618% retracement. Presently, the current price of Bitcoin seems to be respecting the previous resistance level as a support, indicating a reluctance for the price to retreat back inside or below the previous resistance zone, at least for the time being.
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AUDCHF TRIPLE BOTTOM PATTERN The AUDCHF has formed a triple bottom pattern, suggesting a potential bullish breakout pending confirmation on the highlighted neckline/key level. Additionally, there has been a recent breakout of the trend, indicating the possibility of a bullish rally towards the $0.61500 region.
🔥BTC MAY FOLLOW A LIQUIDITY SWEEP & A CORRECTION BEFORE NEW ATHBitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may be necessary to solidify the current bullish trend.
GOLD SHOULD FILL THESE IMBALANCE BEFORE THE RALLYOn the hourly timeframe, gold has formed a rising wedge pattern, suggesting a possible downward movement from its recent peak near $2160. Additionally, there's a distinct gap below $2120 indicating an imbalance that necessitates a retracement to fill it. This retracement is likely to target levels around 50% to 61% on the Fibonacci retracement scale.
GOLD MAY RETEST $2080 NEXT WITH NFP AND UNEMPLOYEMENTGold has experienced remarkable growth lately following a breakout in the supply zone. The impulses have completed the 5th wave, signaling a potential downward shift, especially with the anticipation of positive NFP data. We foresee a retracement towards the highlighted supply zone, notably around the $2080 mark, a significant price level. Testing both the upper boundary of the channel and the 1.68% Fibonacci retracement, we have reasonable expectations for a forthcoming bearish movement.
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
AUDCHF MAJOR TREND BREAKOUTThe AUDCHF pair has validated a trend breakout on the daily timeframe, indicating a potential shift towards bullish momentum. This is further supported by the identification of a triple bottom formation within the daily demand zone. Anticipated is a bullish rally targeting the highlighted key level.
US100 MARKET STRUCTURES SINCE MARCH '20Since March 2020, the US100 index has shown a robust market structure. However, there's now the emergence of a rising wedge pattern under the daily timeframe, indicating a potential short to mid-term bearish trend. If a breakout occurs below the lower boundary of this rising wedge pattern, there's a possibility of a retracement or revisiting of the previous resistance level near $16500.
JPYX WILL REVERSE ON THE DEMAND ZONEJPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
GOLD TRICKING BUYERS!Most traders seen on gold chat have purchased yesterday's lows and promised to hold till end of week, after seeing such a "large drop" in a single day, they believe this is the best course of action.
From my perspective price will trade below yesterday's low and then up to the projected target.
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EURUSD BEARISH CHANNEL The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.
⚡️DOGEUSDT CMC TRADING ⚡️ ACCUMULATION ZONEDOGEUSDT has formed an accumulation zone at the lower end, suggesting a potential bullish breakout at the resistance level, which could spark a significant rally. Additionally, there's confirmation of a trend breakout from the preceding bearish trend, further supporting the notion of an upward movement.
⚡️GBPUSD CMC TRADING ⚡️ BREAKOUT AND REVERSAL ON SUPPORTGBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.
⚡️EURCHF CMC TRADING ⚡️ BEARISH CHANNELEURCHF has formed a well-defined bearish channel, prompting us to await confirmation of a bullish breakout to signal a potential reversal. Given the recent identification of bullish sentiment, there is a belief that the price may initiate this breakout imminently, paving the way for a reversal pattern to follow suit.
⚡️CHFJPY CMC TRADING ⚡️ DISTRIBUTION ZONECHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
⚡️AUDNZD CMC TRADING ⚡️MAJOR DEMAND ZONEAUDNZD is currently positioned within a significant demand zone, where a burgeoning bullish sentiment indicates the potential for a bullish reversal, with the highlighted zone being regarded as a buy zone, particularly under the daily timeframe. Should the bullish sentiment persist and strengthen, it is conceivable that a robust bullish trend will emerge, driving prices upward and possibly retesting the upper boundary delineated by the channel.
⚡️AUDCHF CMC TRADING ⚡️ FALLING WEDGEAUDCHF has retraced to the upper boundary of the channel, coinciding with a significant key level established on the daily timeframe. Our anticipation revolves around a potential reversal towards the lower demand zone identified previously, prior to any potential rally. Should the bullish momentum persist, a breakout above may materialize. However, it's crucial to await confirmation of a breakout on both the channel and the key level before expecting an upward rally.
⚡️AAVEUSDT CMC TRADING ⚡️ FALLING WEDGEAAVEUSDT has experienced a notable bullish breakout, forming a falling wedge pattern under the 4-hour timeframe. This breakout was accompanied by the significant breach of a long-standing trend line, reinforcing the bullish sentiment. Additionally, within lower timeframes, an inverted head and shoulders pattern has emerged, further bolstering the case for a bullish outlook on this pair.
SAVE - Technical AnalysisNYSE:SAVE
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🇱🇰 ASI NEXT PROJECTION WITH MARKET REACTIONASI has indeed shown a breakout and subsequent pullback within the bullish structure identified on the hourly timeframe. We are currently in a phase of anticipation, expecting the price to acknowledge the breached trend line as a support given the recent pullback formation. However, if the price fails to respond positively to the trend line as a support, we could witness a further decline. This decline has the potential to push the price of ASI back inside the established structure and even prompt a revisit towards the support level.