Bitcoin prices have dropped sharply over the past three days, making it a tough period for crypto and altcoin holders. At one point, ETH was down 24% from its December 16 high, while Litecoin saw a full 41% drop from its peak.
These sharp declines may encourage some buyers to take advantage of the massive pullback in altcoins, but watching Bitcoin's movements...
A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the...
The Fed's shift has shaken the market, ending the gold bulls' party. One of the main drivers behind gold's recent rise has been Federal Reserve rate cuts and signs of a slowing U.S. economy. However, the opposite trend is emerging, with the Fed likely pausing rate cuts now.
Further trade wars could begin as early as Q1 2025 under Trump, potentially driving...
In October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target.
In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price...
The trend remains bullish above 21,920, and as the market approached the 20,000 mark this morning, buyers stepped in. The trend will remain upwards above 21,920, and the biggest concern now is that many traders are sitting on significant profits, and with the tax year nearing its end, they may need to close positions to cover taxes.
What’s your take? Will 21,920...
Buyers in the Dow Jones are likely frustrated given the recent gains in other stock indices, and as sellers are aggressively challenging the bullish uptrend, with the index nearly erasing all gains of its 5% rally off the November 19 low. As the price approaches a prior consolidation zone between 43,319 and 43,557, a reaction is likely, potentially forming a...
Litecoin is forming a rectangle pattern, indicating a potential $9 move depending on a bullish or bearish breakout. Given the overall bullish trend, a breakout to $124 is more likely to succeed than a breach to $115.17, as shown on the chart.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other...
It will take a few more weeks for a proper pattern to form, but gold prices are carving out a rectangular pattern. The chart shows potential target levels following a breakout.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market...
Watch XRP, the price has been stuck in a channel since December 3rd, but now, 10 days later, it is attempting to break out and is testing the upper boundary of the channel. The RSI has already broken its trendline, suggesting momentum is turning upwards. However, these channels are not the most reliable patterns. A breach to the 2.4850 high would increase the...
There's been minimal follow-through on USDCHF's bullish push this morning after the Swiss National Bank cut rates by 50 basis points instead of the expected 25.
The limited reaction is due to the SNB's preemptive approach. They are aggressively cutting rates because inflation is at 0.7%, and with the new rate at 0.5%, the real yield is effectively negative by 30...
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Crypto traders have plenty of reasons to be excited. The next few days could bring significant movements in BTC. A majority of the losses from the December 5 crash, which followed the previous all-time high, have already been recovered. Furthermore, the...
The Nasdaq 100 is up 1.25% at the time of publishing this outlook, and the price is just 84 basis points away from reaching the target we highlighted at the beginning of the month. At that time, we noted that a break above $21,220 could lift the index to $21,884. The new trend-defining level is yesterday's low of $21,354, and if the price dips toward $21,565,...
The U.S. consumer price figures were not enough to trigger a slide in EURUSD, nor did they lead to a rebound. Instead, the market is trading sideways as we await tomorrow's ECB rate meeting. The ECB is expected to cut rates, with the possibility of signaling a 50-basis-point cut in upcoming meetings due to weak economic growth and inflation at target.
From a...
The new head of the SEC, Paul Atkins, with a background in a digital asset think tank, has sparked excitement about the future of crypto. However, as we've seen in recent days, profit-taking has been significant. Solana is down roughly 22% from its all-time high, and the price is now testing the highs from March and the lows from November. This key area spans from...
Bitcoin prices pushed above the $100K mark, sparking euphoria across the world. However, that excitement quickly turned into despair as the euphoria marked a local top in prices. Yesterday, significant gains in altcoins were wiped out.
The reason is simple: the returns in altcoins have been phenomenal, and investors are eager to book profits. Additionally,...
AVAX hit our target of $53.61 on Tuesday, and the price is once again attempting to form a head and shoulders pattern, suggesting a potential move lower. However, given the overall bullish market conditions, it’s too early to turn bearish or short.
With that in mind, as long as the price stays above $47.61, which is Tuesday’s low, the upward trend is expected to...
Solana has broken out of the wedge pattern that has dominated its price movement since November 22nd, as it attempts to catch up with Ethereum and Bitcoin. The price pattern will remain valid as long as it trades outside the wedge, particularly above the $235.70 level.
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The Nasdaq 100 moved higher as expected. The price has now formed a possible double top with a neckline at 21,200 and a target of 21,884. The pattern might morph into an ascending triangle, which would favor the bulls.
Tactically, traders have a few options for betting on the trend and a potential Christmas rally. One option is to wait for a decline to the...
