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analyst75

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EURUSD PRICE: TRIPLE BOTTOM CHART PATTERN AT $1.11 SUPPORT LEVEL, BULLISH REVERSAL ENVISAGED

EURUSD Price Analysis – February 28

In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.13, $1.14, $1.16

Support levels: $1.11, $1.10, $1.09

 

EURUSD Long-term Trend: Bearish

On the long term outlook, EURUSD is bearish. The price action of EURUSD on the daily chart formed a double bottom chart pattern last week. The price reached the support level of $1.11 on November 24, it pulled back and test resistance level of $1.14. The price tested the support level of $1.11 second time on January 28. Today, the price is testing the support level of $1.11 as the third time. Price may bounce up at the just mentioned support level.

Daily.png-53.jpeg

EURUSD has penetrated the two EMA downside, the price is trading below the 21 periods EMA and 9 periods EMA heading towards the previous low of $1.11. In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. However, the Relative Strength index period 14 is at 37 levels pointing down to indicate further price reduction.

 

EURUSD medium-term Trend: Bearish

EURUSD currency pair remains under the bearish control. The price increase to test the resistance level of $1.14 on February 04. The just mentioned level hold the price and it pulled back to retest the previous low at $1.11. A bullish pin bar formed and the price increased towards the dynamic resistance level. Today, the price experience a gap and it falls to test $1.11 support level third time.

4hours.png-43.jpeg

The Relative Strength Index period 14 is at 33 levels with the signal lines pointing up to indicate a buy signal.
 

Source: https://learn2.trade 

Edited by analyst75

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GBP/USD FACES REJECTION AT LEVEL 1.3642, MAY FURTHER DECLINE TO LEVEL 1.2914

 

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bearish
GBP/USD is in a downtrend as it may further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below the moving averages. Meanwhile, on October 25 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound will fall to level 1.618 Fibonacci extension or 1.2914.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914 GBP/USD – Weekly Chart

Weekly Chart Indicators Reading:
The Pound is at level 44 of the Relative Strength Index for period 14. The Pound is in the downtrend zone and below the centerline 50. The pair is capable of a further downward move. The 21-day line and 50-day line moving averages are sloping downward indicating the downtrend.

GBP/USD Medium-term Trend: Bearish
On the daily chart, the Pound is below the moving averages. It has fallen to the low of level 1.3300. The pound will further decline if it breaks below level 1.3300. Meanwhile, on January 27 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the Pound will fall to level 2.0 Fibonacci extension or 1.2985.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914 GBP/USD – Daily Chart

Daily Chart Indicators Reading
The Pound is above the 30% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways move.

General Outlook for GBP/USD
GBP/USD is in a downward move but may further decline to level 1.2914. The Pound will fall as long as it is in the bearish trend zone. Today, GBP/USD is facing resistance at a level 1.3400 high. The pair will fall and revisit the previous low at level 1.3300.

Source: https://learn2.trade 

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GOLD FLUCTUATES BELOW $1,950 RESISTANCE AS IT TARGETS THE $2,020 HIGH

 

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bullish
Gold (XAUUSD) is in an uptrend as it targets the $2,020 high. The bulls have also broken above the resistance at $1,870. The market has reached a high of $1,950. Presently, Gold is fluctuating below the recent high. On February 24 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $2,020.72.

 

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 69 of the Relative Strength Index for period 14. The gold price has reached the overbought region of the market. There is a long candlestick tail pointing towards the resistance zone. This indicates that the recent high has strong selling pressure. Therefore further upward movement of prices is doubtful. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

Gold (XAUUSD) Medium-term bias: Bearish
On the 4-hour chart, the Gold price is in an uptrend. On February 24, the Gold price rebounded to reach the high $1,950 but was repelled immediately. The price fell above the moving averages as the market continues its upward move.

 

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
XAUUSD is above the 40% range of the daily stochastic. A bullish trend line is drawn showing the support levels of prices. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in an uptrend as it it targets the $2,020 high. The market has reached the overbought region. Sellers will emerge in the overbought region push prices down.
 

Source: https://learn2.trade 

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SILVER (XAGUSD) PRICE: BEARS MAY DEFEND $25 SUPPORT LEVEL TO CONTINUE BULLISH TREND

SILVER Weekly Price Analysis – March 10

In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level.

XAGUSD Market

Key Levels:

Resistance levels: $26, $27, $28

Support levels: $25, $24, $23

XAGUSD Long-term trend: Bullish

On the long-term outlook, XAGUSD is bullish. The formation of double bottom chart pattern at the support level of $22 made the Bulls to influx the Silver market. The bulls’ momentum increase and the price increase accordingly. Former resistance levels of $23 and $24 is broken upside and the $25 price level is tested. At the moment, the white metal pulls back to retest the support level of $25 before bulls exert more pressure.

 

Daily 14

The price is trading above the 9 periods EMA and 21 periods EMA as an indication of bullish movement.  In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level. Should the bears push the price to penetrate $25 level, the support level at $24 may be tested, and price may decrease to $23 levels. The relative strength index period 14 is at 61 levels and the signal line bending down to indicate a sell signal.

XAGUSD Medium-term Trend: Bullish

XAGUSD is bullish on the 4-hour chart. Last two weeks, pullback was experienced as the bears’ momentum pushed the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. Last week, the bulls gained more pressure and the price increase to the resistance level of $26. Price retracement is ongoing at the moment. It is a normal phenomenon in a trending market.

 

4hours 7

Silver price is trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bearish market direction at $45.

Source: https://learn2.trade 

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CARDANO (ADA/USD) PRICE MAY BOUNCE AT SUPPORT LEVEL OF $0.75

 

ADA Price Analysis – March 22

In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds

ADA/USD Market

Key Levels:

Resistance levels: $1.01, $1.26, $1.61

Support levels: $0.75, $0.70, $0.60

ADA/USD Long-term Trend: Ranging

ADA/USD is ranging on the daily chart. The momentum of the bulls and that of the bears has been very low in the daily chart. This has led to the ranging of the price within the resistance level of $1.01 and support level of $0.75. It seems the bulls are trying to gain more pressure towards the resistance level of $1.01. Price may increase further as the bulls are preparing to dominate the market.

 

Daily 31

Cardano is trading above the 9 periods EMA and the 21 periods EMA, as an evidence of an increase in the bulls’ pressure. In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds. The technical indicator Relative Strength Indicator is at 57 levels with the signal line pointing up indicate buy signal.

ADA/USD Medium-term Trend: Ranging

Cardano is on the ranging movement in the 4-hour chart. The support level of $0.75 holds and the bearish momentum could not break down the mentioned support level. The bulls’ momentum is gradually increasing towards the resistance level $1.01. Cardano market is currently experiencing a ranging movement within the $1.01 resistance level and $0.75 support level. The coin is awaiting a breakout.

 

4 hours 17

The price is trading above the 9 periods EMA and 21 periods EMA as a sign of increase of bulls’ momentum. The relative strength index period 14 is at 72 levels and the signal line exhibiting bullish direction.

 

Source: https://learn2.trade 

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LITECOIN BREAKS ABOVE PREVIOUS HIGHS, MAY FACE REJECTION AT $140

Key Highlights
LTC price revisits the resistance at $140
LTC/USD reaches an overbought region

Litecoin (LTC) Current Statistics
The current price: $120.91
Market Capitalization: $10,156,071,004
Trading Volume: $1,041,826,323
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis March 22, 2022
Litecoin’s (LTC) price is trading above the moving averages but may face rejection at $140. The cryptocurrency is trading in the overbought region of the market. Buyers are attempting to push the altcoin to the high of $140. On the upside, if price breaks the $140 resistance, Litecoin will rise to either $150 or $160 price levels. Conversely, if the altcoin faces rejection, the market will decline and resume a range-bound move between $115 and $140 price levels. In the overbought region, a further upward move is doubtful as sellers emerge to push prices down.

 

Litecoin Breaks above Previous Highs, May Face Rejection at $140 LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
The altcoin is at level 61 of the Relative Strength Index for period 14. It indicates that the altcoin is in the uptrend zone and capable of a further upward move. The crypto’s price is above the moving average which ensures further upward movement of the cryptocurrency. Litecoin is above 80% area of the daily stochastic. It indicates that the market has reached an overbought region as sellers emerge to push prices.


Conclusion
On the 4- hour chart, Litecoin is making an upward move but may face rejection at $140. The uptrend has reached the overbought region of the market. Meanwhile, on March 20 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement suggests that LTC will rise to level 2.618 Fibonacci extension or level $135.02

 

Litecoin Breaks above Previous Highs, May Face Rejection at $140 LTC/USD – 4 Hour Chart
 

Source: https://learn2.trade 

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EUR/JPY REACHES AN OVERBOUGHT REGION, MAY FURTHER RISE TO LEVEL 136.16

Key Resistance Levels: 132.00, 133.00, 134.00
Key Support Levels: 129.00, 128.00, 126.00

EUR/JPY Price Long-term Trend: Bullish
EUR/JPY pair has broken the previous overhead resistance and may further rise to level 136.16. The first uptrend retraced to the low of level 133.72 and commenced an upward move. Further upward move is unlikely as the market reaches the overbought region. In the first uptrend, EUR/JPY reached the overbought region at level 71 of the RSI but it fell to level 67. Buyers are still pushing the pair to the previous highs which may result in a fall.

 

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16 EUR/JPY – Daily Chart

Daily Chart Indicators Reading:
EUR/JPY is at level 69 of the Relative Strength Index for period 14. The currency pair is in the uptrend zone and it is resuming upward after the initial fall. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

EUR/JPY Medium-term Trend: Bullish
On the 4- hour chart, the currency pair is in a smooth uptrend. The currency price has been making a series of higher highs and higher lows as the market reaches the high of level 134.64. The pair is likely to further rise if it breaks the resistance at level 134.74. Meanwhile, on March 22 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the EUR/JPY will rise to level 2.0 Fibonacci extension or level 136.15.

 

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16 EUR/JPY – 4 Hour Chart

4-Hour Chart Indicators Reading
The pair is above the 80% range of the daily stochastic. EUR/JPY has reached the overbought region of the market. It appears the pair is likely to reach level 136.16. The moving averages are sloping upward indicating the uptrend.

General Outlook for EUR/JPY
EUR/JPY is in an upward move and may further rise to level 136.16. The downtrend will resume if the index fails to break level 134.74.

Source: https://learn2.trade 

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AUDUSD PRICE REACHES  $0.755 RESISTANCE LEVEL, WHAT NEXT?

 

AUDUSD Price Analysis – March 30

The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUD/USD Market

Key levels:

Resistance levels: $0.755, $0.763, $0.770

Support levels: $0.745, $0.731, $0.717

AUDUSD Long-term trend: Bullish

On the daily chart, AUDUSD is bullish. The currency pair really follow the direction of double bottom chart pattern formed Last three weeks. The currency pair formed a double bottom chart pattern at the support level of $0.968. The bullish momentum in the daily chart increased and turned the former resistance levels of $0.731 and $0.745 to support levels. The price reaches the high of $0.7555 last week and started a consolidation movement.

 

AUDUSD price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls’ momentum is increasing. The relative strength index period 14 is at 66 levels and the signal lines pointing up displaying bullish direction. The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUDUSD medium-term Trend: Bullish

AUDUSD is bullish on the 4-hour chart. The sellers’ pressure was terminated at the support level of $0.717 on March 16. The bears’ pressure failed and the buyers gained more pressure to push up the price. The resistance level of $0.755 was tested last week after it penetrated $0.731 and $0.749 levels upside.

 

4 hours 28

AUDUSD is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 62 levels and the signal lines pointing up to indicate a buy signal.

 

Source: https://learn2.trade 

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GOLD CONSOLIDATES ABOVE $1,907 AS IT REGAINS BULLISH MOMENTUM

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken.

 

Gold Consolidates Above $1,907 as It Regains Bullish Momentum XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it.

 

Gold Consolidates Above $1,907 as It Regains Bullish Momentum XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall.

Source: https://learn2.trade 

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ILVER (XAGUSD) PRICE IS STRUGGLING TO BREAK UP $25 RESISTANCE LEVEL

SILVER Weekly Price Analysis – March 03

In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels.

XAGUSD Market

Key Levels:

Resistance levels: $25, $26, $27

Support levels: $24, $23, $22

XAGUSD Long-term trend: Bullish

On the long-term outlook, XAGUSD is bullish. Bulls dominate the Silver market started from February 04.  The bulls push up the currency pair and the resistance levels of $21, $22 and $23 has turned to support levels. The white metal pulls back to retest the support level of $23 before bulls exert more pressure and the price increase to $25 level. There is tendency for the price to increase further this week if bulls exert more pressure.

 

D.pngThe price is trading above the 9 periods EMA and 21 periods EMA at a distance is an indication of bullish movement.  In case the bulls are able to increase their momentum and penetrate the resistance level at $25 with the daily candle close above it, then, the price may increase further to $26 and $27 price level. Should the bears defend the resistance level of $25, the support level at $24 may be penetrated and price may decrease to $23 and $22 levels. The relative strength index period 14 is at 71 levels and the signal line bending up to indicate buy signal.

XAGUSD Medium-term Trend: Bullish

XAGUSD is bullish on the 4-hour chart. Last week, the bears’ momentum pushes the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. The evening star candle pattern formed and the bears’ momentum increased and tested $23 level. At the moment, the price is inclining to break up $25 resistance level.

 

4hoursSilver price is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bullish market direction.

 

Source: https://learn2.trade 

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REGAINS BULLISH MOMKey Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken.

 

Gold Consolidates Above $1,907 as It Regains Bullish Momentum XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it.

 

Gold Consolidates Above $1,907 as It Regains Bullish Momentum XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall.

Source: https://learn2.trade 

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LUCKY BLOCK MARKET PREDICTION: LBLOCK/USD ANTICIPATES AN IMMINENT UPRISING

Lucky Block Market Prediction – April 13

The Lucky Block market prediction is for an imminent uprising as the price touches down at the $0.00246460 key support level.


LBLOCK/USD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.00378260, $0.00324440, $0.00272320
Demand Zones: $0.00272320, $0.00246460, $0.00222220
Lucky Block Market Prediction: LBLOCK/USD Anticipates an Imminent UprisingLBLOCK/USD is currently anticipating an imminent uprising as it drops lower. The market’s downward slide is an opportunity to accommodate more buy traders are low price levels. There is a good chance that the market’s uprising will begin from its current support level at $0.00246460 or a more substantial confluence level just below the current level.


Lucky Block Market Prediction: LBLOCK/USD Is Gathering Momentum for an Uprising

In a bid for the market to return under their dominance, the buy-traders have stopped directly pushing against the $0.00304100 resistance zone.

Instead, the bulls have allowed a drop in the price to accommodate more market investors. The lower the price, the more buy-traders are added, and the greater the probability of an imminent uprising.

The market failed to rally at $0.00272320 and has dropped to $0.00246460, where bulls anticipate a price rise. A predominantly bearish MACD (Moving Average Convergence Divergence) chart shows reducing bearish momentum as its line gyrates closer to the zero level from below.


LBLOCK/USD Medium-Term Trend: Bullish (5-minute chart)

The 5-minute chart shows that the price has been bouncing on the $0.00246460 significant support level. However, the squeeze of the Bollinger Band around the candles speaks of the current silent nature of the market. This is the same situation on the 30-minute chart.
Lucky Block Market Prediction: LBLOCK/USD Anticipates an Imminent UprisingThere is a more positive outlook for the bulls on the MACD chart. Its lines have shifted from predominantly bearish to fluctuating around the zero level. If the market fails to drive up from this level, it will drop to a more substantial level below, at $0.00222220, which contains a bullish confluence. Whenever the market rises, it will aim to break the $0.00304100 resistance level.

Source: https://learn2.trade 

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Bitcoin SV Price Analysis – April 25

Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123.

Key Levels:

Resistance levels: $87, $105, $123

Support levels: $73, $50, $41

BSV/USD Long-Term Trend: Bearish

On the daily chart, Bitcoin SV is bearish. Last two weeks, the coin was on the bullish movement in the daily chart. The resistance level $105 was tested when the price pulled back from $73 support level. The bears opposed the price increase and long tailed daily candle formed. Follow the scenario is the formation of bearish engulfing candle which triggered a bearish trend. The price is currently facing previous low of $73 price level.

Daily 39

The two EMAs are bending down to follow the direction of the price. The crypto continue its trading below the 9 periods EMA and the 21 periods EMA which indicate bearish momentum. Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $87, $105 and $123.

BSV/USD Medium-Term Trend: Bearish

Bitcoin SV is on the bearish movement on the medium-term outlook. The bears eventually dominates the Bitcoin SV market. The momentum of the bears increase and the price decline to break down the support level at $87. The price is decreasing towards the support level of $73 at the moment.

4hours 43

The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears are in control of the market. The relative strength index period 14 is below $25 levels displaying a bearish signal.
 

Source: https://learn2.trade 

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Solana (SOL) Declines To $95 Low But Recovers Above $100

 

Solana consolidates above $100
SOL/USD is in a downtrend

Solana (SOL) Current Statistics
The current price: $101.36
Market Capitalization: $51,901,058,136
Trading Volume: $1,876,922,199
Major supply zones: $280, $300, $320
Major demand zones: $160, $140, $120

Solana (SOL) Price Analysis April 18, 2022
Solana’s (SOL) price is in a downtrend as the cryptocurrency recovers above $100. Solana is trading above the 50-day line SMA but below the 21-day line. Since April 11, the altcoin has been fluctuating between the moving averages. The bulls and bears are yet to break the moving average lines. A break below or above the moving average lines will compel the altcoin to trend. Today, the altcoin is trading above the 50-day line SMA if the bears break below the current support, the market will decline to the lows of $87 or $77 price levels. Conversely, if price rebounds above current support, the 50-day line SMA will be broken and Solana will rise to revisit the previous highs.

Solana (SOL) Declines to $95 Low but Recovers above $100 SOL/USD – Daily Chart

Solana (SOL) Technical Indicators Reading
The altcoin is at level 45 of the Relative Strength Index for period 14. The market is in the downtrend zone and below the centerline 50. The crypto’s price is between the moving averages as the altcoin continues to be range-bound in a range. Solana is above the 70% range of the daily stochastic. The market is in a bullish momentum. The 21-day line and the 50-day line SMAs are sloping downward.

Conclusion
SOL/USD is in a downward move as it recovers above $100. The altcoin is making an upward correction as it faces rejection at the high of $103. Meanwhile, on April 7 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $93.84.

Solana (SOL) Declines to $95 Low but Recovers above $100 SOL/USD – 4 Hour Chart

 

Source: https://learn2.trade 

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DeFi Coin Soars By Over 500% In Two Days As DEFC Prepares For Bull Cycle

DeFi Coin (DEFC) surged by over 175% last Wednesday alone, as the price rallied to $0.23 on Bitmart. On that day, the DeFi token jumped from a daily low of $0.08 to tap a high of $0.25, a jaw-dropping 300% single-day move.

That said, DEFC did not stop there. Instead, the cryptocurrency surged by another 124% between May 5 and May 6. However, it has since retraced to the $0.470 area, where it currently trades.

That said, analysts opine that bullish continuation might be brewing in the background for the DeFi token. Impressively, DeFi Coin put up this exceptional bullish performance when most of the market suffered monumental losses, as Bitcoin slumped to the $33,000 low, a record yearly low.

In other news, DeFi Coin recently achieved another milestone in its roadmap after launching its Defiswap.io decentralized exchange (DEX), app, and farming pool.

DEFC aims to become the go-to alternative to decentralized exchange giants, like Pancakeswap, Uniswap, and Sushiswap, and provides liquidity for crypto token swaps in a decentralized setting.

A recent report suggested that DEFC could attract a listing on Coinmarketcap with its recent meteoric rally, which should amplify the token to more audiences and attract more investors and developers.

Key DeFi Coin Levels To Watch — May 9

As mentioned earlier, DEFC has recorded a massive boom over the past few days after recording an activity and volume spike last Wednesday.

2wvYRVfS.png DEFC 4-Hour Chart on TradingView.

The decentralized token jumped by a volcanic 514% between Wednesday and Friday before correcting mildly to the $0.470 zone. The cryptocurrency still trades up by 411% from its lowest point in May, recorded on May 4.

With the bearish pressure on the broader market persisting on Monday, DeFi Coin could record a bullish slow down and enter a sideways pattern. However, analysts believe that the cryptocurrency has now touched the floor from its recent crash, adding that it could start a bull cycle soon.

Meanwhile, my resistance levels are at $0.500, $0.550, and $0.600, and my support levels are at $0.450, $0.400, and $0.350.

Total Market Capitalization: $1.51 trillion

DeFi Coin Market Capitalization: $49.3 million

Source: https://learn2.trade 

 

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Why Inflation Is A Good Thing

Inflation would be the greatest thing to happen to me.

I selfishly want the government to spend as much money as possible. “You can’t print money forever!” everyone is shouting.

Yes you can. And they will.

They’ve been printing money for decades, and only now it’s making the headlines.
Why inflation is a good thingThe reason I am selfishly supportive of inflation is that there is a well-known maxim in poker that “money flows clockwise.” If you sit to the left of the weakest player at the poker table, then eventually you will have all of their money.

Every time they bet, you raise them, scaring out all of the other players. So you are now “heads-up” with the weaker player. It’s just the two of you. Luck will give him some hands, but luck/skill will give you most of the money.

In inflation, the same thing happens. Print up a trillion dollars and give it to everyone… and where does it end up?

Eventually it’s all put in the stock market or in real estate. To be fair, some of it is now showing up in crypto.

Inflation of a currency occurs when goods that are priced in that currency go higher (IN THAT CURRENCY) year-over-year or month-over-month. For instance, gas — which you buy with dollars — is over $3 a gallon for the first time since 2008.

This is VERY important to understand. Gas itself is not different. Gas is not even worth more UNLESS it is priced in US dollars.

Everything you own goes up in value, but ONLY IF it is priced in US dollars.
Why inflation is a good thingWhat do I mean?

Here are things you might own that will go up if inflation goes higher:

Stocks

Real Estate

Cryptocurrencies

Collectables

Services you offer

The more you own of the above, the less inflation hurts you.

And if you own “Good” stocks or “Good” real estate, then you will make a lot of money during inflationary periods.

But what’s a good stock or good real estate?

Without inflation, it is very hard to predict the stock market. When there is no inflation, the stock market will stay the same except for stocks that are growing. And it’s very hard to know which companies will grow.

Remember this: Almost all of the growth in the stock market over the past 100 years has occurred because of inflation. I don’t give a shit about “candlesticks” or P/E ratios or what The Wall Street Journal says.

So, ok, if you own a basket of stocks — and that is the bulk of your net worth — then you will survive inflation.
Why inflation is a good thingBut how can you BEAT inflation?
It’s simple. Just own stocks in an industry that is growing faster than inflation.

Some industries are fully mature, and I would not bet on them. Sure, Exxon and Chevron will go up when gas prices are going up. But they are not interesting, and eventually their stocks settle down.

The oil industry might even be in trouble as renewable energy gets more realistic.

But just look in your life. Do you drive more? Do you use the computer more? Do you read more? Ask yourself which activities you do are “inflating.”

Author: James A.
 

Source: https://learn2.trade/why-inflation-is-a-good-thing

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8 Things I Wish People Had Told Me About Being A Trader

 

Not everyone will be happy for you.
The tall poppy syndrome is alive and well. Be careful who you share your dreams with, especially early on in your trading career. A dream is the most fragile when it is first birthed.

Trading sounds glamourous, but it isn’t.
The best traders follow the same routines day in and day out. This is less ‘Wolf of Wall Street’ and more ‘Groundhog Day’.
8 Things I Wish People Had Told Me About Being a TraderPeople will always ask for your latest tip.
Never mind the discipline required to develop your short list of buys. Disregard the fact that most of those won’t even be the winners you were hoping they’d be. Your friends just want to know the name of the stock that is going to the moon on a one-way trip – and they feel sure that you know and you’re not willing to share.

Your friends and family will think you’re unemployed.
Full-time traders look like they don’t have jobs, so they’re asked the most unreasonable favours e.g. Can you drive my son into the city on Wednesday at 4.30pm? Goodness me… just because I don’t LOOK like I’m working doesn’t mean I’m NOT working.
8 Things I Wish People Had Told Me About Being a TraderStrangers will think you’re a gambler.
You’ll be hit with some complete fallacies and expected to agree with people who have zero knowledge about what you actually do. “But trading is like gambling, isn’t it?” “You have to be really lucky to get a big win”. “My neighbour’s cousin bet big on crazycrypto and bought it when it was $1.00.” You will be subjected to these STUPID comments. Get ready for it.

You’ll be wrong more times than you ever imagined (but still make a good return).
The greatest trading group in the world – The Turtles, only win thirty five percent of the time. It’s how much you make each time you win that counts (and keeping your losses small).

This may be your next friendship group.
When I started trading, I had no idea that I’d have so much in common with such a diverse group of like-minded people all striving to perfect a high-performance endeavour.

Civilians will think you’re mad.
And because we are such a tight-knit group – those outside our group will never really relate with the calculated risks we take and the way we live our lives. They’ll never make the choices we made to excel and live life on our own terms.

Author: Louise Bedford

Source: https://learn2.trade/8-things-i-wish-people-had-told-me-about-being-a-trader

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