Lingrid | LINKUSDT bounced off the DEMAND zoneBINANCE:LINKUSDT has bounced off the demand zone, which was tested last time in October 2023. The price skyrocketed from these levels last year and reached the price level at 22.0. We can observe that the market liquidated a significant number of long positions. On the weekly timeframe, the market filled the gap zone between 8.0 - 9.0 and moved above the psychological level of 10. I expect the market to continue moving higher, as the daily candle closed with a wick, indicating rejection of lower levels. My target is the resistance zone around 12.0
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STORJUSDT(Storj) Daily tf Range Updated till 06-08-24STORJUSDT(Storj) Daily timeframe range. the entire market is having trouble now. it tried to break its local low 0.2905 but retraced back.
close to its recent resistance 0.4303. 0.2905 was a good entry made some profit their. but visiting again their will add more risk.
Alikze »» XAUUSD| Wave B of corrective C🔍 Technical analysis: Wave B of corrective C
- According to the analysis presented before , in the 1H time frames, wave B has been able to have a three-wave upward correction.
- This correction has continued almost slightly above the 0.78 Fibo of the previous wave.
- It is currently broken below the 0.78 area with a selling pressure candle on the 1H time frame.
- According to the FVG gap in the 1H time frame, this return can be to fill the price gap.
- Therefore, I expect that considering that a BB occurred in the 15min time frame, the price faced selling pressure again after meeting the 0.78 fibo intersection and this correction took place in the form of a reversed wave C.
- Due to the fact that wave A from C was accelerated, wave 3 from C can move down as 3 waves or 5 waves.
💎 In addition, if the price can penetrate above Fibo 0.78, wave B can extend beyond wave A and then we have the structure of wave C correction, which will be updated in this case.
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OANDA:XAUUSD
Lingrid | GOLD Weekly Price Action AnalysisThe last monthly candle closed bullish, despite two rejection candles in the past. On the weekly chart, OANDA:XAUUSD has finally closed above the 2420 level, which it has struggled with since April, signaling a strong bullish sign. Additionally, it broke and closed above the previous week's high. However, on the daily timeframe, the last two candles are doji, indicating indecision. This is likely due to the week being filled with high-impact news events. Next week may be slower, given the volatility we've experienced recently.
Despite the selling pressure, the overall trend remains bullish. I believe the market may form a trend continuation pattern, such as a triangle formation. After a sharp move, prices tend to consolidate, suggesting the potential for a range pattern. Overall, I see short-term pullbacks as likely buying opportunities. The recent jobs report increases the likelihood of the Federal Reserve cutting rates next months. The psychological level at 2400 acted as significant support, and despite market volatility, gold remains above it.
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Lingrid | EURUSD pullback CONTINUATIONThe price perfectly fulfilled my last idea. It played out nicely; it hit the targeted level. The market gapped up this morning, and FX:EURUSD has rebounded off the support level at 1.08000. On the daily timeframe, we can see a strong bullish candle that has broke through the last month's high. The 4H timeframe also reflects a bullish trend, and a breakout above the resistance level at 1.0900 indicates a continuation of this upward momentum. Meanwhile, the TVC:DXY has bounced off a strong resistance zone, suggesting that it might test lower levels. Overall, I expect a test of the psychological level as well as an upward channel. My goal is the resistance at 1.10000
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GFTUSDT(Gifto) Daily tf Range Updated till 05-08-24GFTUSDT(Gifto) Daily timeframe range. where market is getting ran over by a truck. this thing outperforming many things at once. holding real strong till now. going over 0.03430 open a door to price discovery. recent retrace point at 0.02612.
FORUSDT(ForTube) Daily tf Range Updated till 04-08-24FORUSDT(ForTube) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trying to get over 0.01725 for a while now but lack of volume is a problem. 0.01209 is a old support that needs to hold or else back to price discovery.
Lingrid | GBPAUD long from the SUPPORTFX:GBPAUD is currently moving sideways following the pullback from the resistance zone, which has resulted in a complex pullback formation. The price has shown respect for the upward trendline, and I believe it may rise to test resistance if it pulls back to the support zone. I'm looking for a pullback opportunity, and I expect to enter a long position from there. My goal is to resistance 1.97430
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Lingrid | EURUSD potential LONG from SUPPORT levelThe price perfectly fulfilled my last idea. It hit the target level. FX:EURUSD has broken through the previous week's low, creating an impulsive leg down but later it quickly rolled back and closed above it. On the 4H timeframe, we're seeing a divergence at support level. The price has fallen below range zone and may retest the middle of that zone and even move higher. I believe the market could pull back from the pschological level at 1.08000, especially if upcoming news is favorable. I anticipate that the price to move higher since we have long-tailed bar at support that showed a fake breakout. My goal is to resistance zone at 1.08900
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ELFUSDT(aelf) Daily tf Range Updated till 03-08-24ELFUSDT(aelf) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trapped between 0.3762-0.4634 for a while now. staying above 0.3762 will eventually give a chance to try again at 0.4634. need retail interest there.
Alikze »» XAUUSD| Completion of leg 3 or C...?🔍 Technical analysis: Completion of leg 3 or C
- According to the analysis presented in the recent posts here and here , after the completion of the wave B, a rising leg C or 3 was formed, which has so far returned more than 1.618 of the previous wave in the supply zone.
- Considering that a bearish candle is formed in the 4H time frame, any upward correction can be to collect liquidity for a short-term correction.
- Therefore, I expect the correction to extend at least to the compression area of 100 fibo of the previous wave and touch the next level or the next node in case of selling pressure.
💎 In addition, if confirmed, this ascending cycle can be the format of its movement, which can form the next ascending leg, which will be updated if the behavior and structure of the post changes.
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OANDA:XAUUSD
Lingrid | GOLD ready to TEST the PSYCHOLOGICAL level of 2500 ?The market moved higher following the news release. Yesterday's daily candlestick was a doji, and I believe the market is poised to break through it to retest the previous resistance at the all-time high level. Since the market hasn't yet tested the psychological level at 2500, there's a possibility it might do so today. The price action shows bullish momentum, and it recently broke and closed above the 2450 level. I anticipate that the market may create a range around the resistance zone at 2480 or even form some pullback from it. However, if the upcoming news favors gold, the market may surpass the previous month's high and move higher level. My target is the resistance zone at 2495.
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Lingrid | CHFJPY short from KEY RESISTANCE zoneFX:CHFJPY is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580
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Lingrid | TONUSDT continues to MOVE sideways Since the last post, not much has changed; OKX:TONUSDT continues to move sideways at the key support level. As you can observe, the market is testing the channel border, and the price has bounced off this area twice before. We saw a similar situation in May, when the market remained in a consolidation zone for a couple of weeks before making a strong surge. I believe the market may form a long-tailed bar, indicating a spike down that could serve as a fake breakout, followed by a bullish move toward resistance. My goal is resistance zone at 7.350
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AMBUSDT(AirDAO) Daily tf Range Updated till 02-08-24AMBUSDT(AirDAO) Daily timeframe range. its on Monitoring state at binance so gotta trade it carefully. now it retraced quite a space from its new low. trying to stay over 0.00926 but still need a valid close for that. local support point at 0.00714.
Alikze »»TIA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- It is moving in a downward channel in the daily and 4H time frames.
- It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel.
- The most important resistance for an upward trend is the $12.5 range.
- By breaking the $12.5 range, it can have an upward trend. Otherwise, the downward trend will continue.
💎 Alternative scenario: If selling pressure is encountered in the current range and the middle of the channel, the first downward target will be the bottom range of the channel and then the target of 6.25.
💎 In addition, if this channel is broken, it can touch the green box area as much as the width of the channel.
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Alikze »» ID | Multiple combined correction form💎 In the daily and weekly time, after a complete 5-wave upward cycle, it faced supply in the area of 1.84 and a corrective form took place.
💎 According to the current correctional structure, a combined multiple correction is underway, which can continue until the specified areas.
💎 Therefore, as long as it is below the price of 0.79, it can go through the specified correction process.
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Lingrid | GOLD pullback and trend CONTINUATION OpportunityThe price perfectly fulfilled my last idea. The July monthly candle closed very bullish, closing above June's high but failing to close above high of May. Nonetheless, this bullish close suggests that OANDA:XAUUSD may target the 2500 level. Currently, the market appears to be pulling back following a strong bullish rally. The support zone between 2400 and 2415 looks like a potential area to consider long positions, if the price shows bullish signal. I anticipate a retest of the resistance zone from this support level, as we are observing a typical breakout-pullback-continuation scenario. However, there remains the possibility that following any news release, the price might dip lower. Overall, I'm optimistic about the potential for a bullish scenario, provided the support holds and confirms with bullish signals. My target is resistance zone at 2460.
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EURUSD → Trade Analysis | SELL SetupEURUSD is moving in a descending channel under the trend lines.
The price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Lingrid | AUDUSD long from PSYCHOLOGICAL Support LEVEL FX:AUDUSD has moved down to the psychological support level of 0.65000 after breaking below last week's low. At this critical support level, a bullish divergence has occured, coinciding with the lower boundary of the downward channel. As the market approached this significant support level, its descent started to slow, indicating the importance of this area. I believe the market may rebound, as the price has taken liquidity below this round number, suggesting a potential pullback towards resistance. Furthermore, the long-tailed bar on the daily timeframe indicates a false breakout, reinforcing my expectation of an upward movement. My goal is to resistance zone at 0.65980
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Lingrid | ETHUSDT continues to CONSOLIDATE on the DAILYDespite the overall bullish trend observed in the daily timeframes, BINANCE:ETHUSDT continues to move sideways within the range of 2850 to 4000. On the weekly timeframe, we are witnessing a tweezer top setup, which indicates a potential pullback. I anticipate that the market to move toward the bottom of the consolidation zone, forming a two-legged pullback. Each time the price nears the psychological level of 3000, it has consistently taken liquidity below that level before moving upward. Given this setup, I expect the price to retest the round number and then bounce off. My target is the resistance zone at 3350.00
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Lingrid | GOLD Weekly Market OUTLOOKThis past week showed significant volatility, with OANDA:XAUUSD experiencing a sharp decline before recovering by the week's end. The weekly chart shows this movement, featuring a doji candle; the candle's shadows above and below emphasize this volatility, while the small body reflects a lack of directional movement. Notably, the market closed at the level of the June high, signaling that this price level remains important for the market.
On the daily timeframe, we see that the price rebounded from the 2350-2360 range, an area where the price has historically found support. Additionally, this rebound coincided with the 61.8% Fibonacci retracement level, which further reinforces the significance of this price zone. From a weekly perspective, the market appears to be in a consolidation phase, with the week's high and low serving as critical indicators for future price movements. If the price breaks and closes above the PWH, we could anticipate a potential rise toward the 2500 level. Conversely, if the price breaks and closes below the PWL, a retest of the bottom of the consolidation zone could be expected.
Looking ahead, next week is set to be highly volatile, influenced by important economic events such as announcements from the Federal Reserve, Bank of England, and Bank of Japan. These developments are likely to have a substantial impact on market sentiment and direction.
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