Technical Analysis

Ethereum Price Medium-term Trend: Ranging     Supply zones: $500, $550, $600 Demand zones: $200, $150, $100   ETH returns to the range in the medium-term outlook. The bearish momentum was sustained until the price was down to $346.35 in the demand area.   The opening 4-hour candle at $355.63 was bullish and the cryptocurrency […]

ETHUSD Long-term Trend – Bearish Distribution territories: $600, $650, $700. Accumulation territories: $350, $300, $250.   Ethereum lost a considerable amount of value against the US dollar last week. The cryptocurrency, in its first trading day, got weakened to a bit above the accumulation territory of $450 and the bears took that advantage of it […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold has ended its recent short-term neutrality by dropping 5000 pips in July. In fact, the current dominant bearish bias started on April 11 (following a long period of a boring, choppy market), and price has dropped over 15,000 pips since then, resulting in a Bearish Confirmation Pattern in the […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish As the beginning of last week, the pair saw a considerable increase throughout its first and second days of trading. Price later dropped below the resistance line at 1.1600, closing below it (and that signified a drop of more than 170 pips from last […]

Bitcoin Price Medium-term Trend: Bearish   Resistance levels: $7,600, $7,700, $7,800 Support levels: $7,400, $7,300, $7,200   Yesterday, August 1, the BTC price was in a downward trend. Today, the price of the cryptocurrency has reached the support level.   It is not likely price will break the support level of $7,400. If price did […]

The best trading opportunities occur when both sentiment and the Elliott wave pattern point in the same direction. When sentiment is bullish there an increased probability the FTSE 100 will rally. Sentiment is bullish right now but the Elliott wave pattern points to a decline, so no high confidence in one outcome or the other. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The currency pair opened up the market with a bullish candlestick but after its four-hour formation started falling to the support price line at around 1.1654. After a while, price strived to push upwards towards the first immediate resistance found at 1.1750. Soon afterward, […]

BTCUSD Long-term Trend – Bullish Distribution territories: $9,000, $10,000, $11,000. Accumulation territories: $7,000, $6,000, $5,000.   Bitcoin’s price has b-een rising tremendously against the US dollar for the last few days. A Japanese candlestick that emerged on July 16 led to the intersection of the two SMAs, as the 14-day SMA has crossed the 50-day […]

Ethereum Price Medium-term Trend: Ranging     Supply zones: $600, $650, $700 Demand zones: $300, $250, $200   ETH is still in a ranging scenario in the medium-term outlook. Rejection to further downward movement occurred at the 50-day EMA. The formation of a spinning top a reversal candlestick pattern brought the bulls back. A large […]

YES….IT IS HOT DURING SUMMER… “The person who loses the least amount of money when things go wrong inevitably wins.” – Chris Tate Apparently, this little piece of information is a complete and utter surprise to most Australians judging by the level of commentary attached to the current hot spell sweeping the country. The point […]