CRYPTO MARKET ANALYTICS
ACT TOKEN - Price can fall to support area and then bounce up
Hi guys, this is my overview for ACTBUSD, feel free to check it and write your feedback 👊
The price was trading within a descending channel for a considerable period.
The asset consistently found support at the lower boundary of this formation, within the 0.0590 - 0.0570 price zone.
Recently, a strong upward impulse allowed the price to break out from the upper boundary of the channel.
Following the breakout, the price executed a corrective move back to the broken resistance line, successfully retesting the 0.0730 - 0.0750 area.
This zone is now acting as a new support level, and the price has begun to move upwards from it, showing renewed buyer strength.
I expect that the asset will continue its growth from this support. My first target is set at the 0.0860 level, with the second target at 0.0970 points.
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ACT TOKEN - Price can fall to support area and then bounce up
Hi guys, this is my overview for ACTBUSD, feel free to check it and write your feedback 👊
The price was trading within a descending channel for a considerable period.
The asset consistently found support at the lower boundary of this formation, within the 0.0590 - 0.0570 price zone.
Recently, a strong upward impulse allowed the price to break out from the upper boundary of the channel.
Following the breakout, the price executed a corrective move back to the broken resistance line, successfully retesting the 0.0730 - 0.0750 area.
This zone is now acting as a new support level, and the price has begun to move upwards from it, showing renewed buyer strength.
I expect that the asset will continue its growth from this support. My first target is set at the 0.0860 level, with the second target at 0.0970 points.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
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FOREX MARKET ANALYTICS
GOLD - Price can rise to resistance line of wedge
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback 👊
The price has been trading within a large ascending wedge for an extended period.
The asset found significant support near the lower trendline of this formation, specifically in the 3205 - 3187 price area.
From that support, the price initiated a sustained upward movement back towards the upper parts of the structure.
Currently, XAU is facing a key horizontal resistance zone located between 3375 and 3390 points.
The price is actively attempting to break through this area, which has historically served as a critical pivot point.
I expect that once the price firmly breaks and consolidates above this resistance, it will continue its growth towards the upper boundary of the wedge, targeting the $3475 level.
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GOLD - Price can rise to resistance line of wedge
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback 👊
The price has been trading within a large ascending wedge for an extended period.
The asset found significant support near the lower trendline of this formation, specifically in the 3205 - 3187 price area.
From that support, the price initiated a sustained upward movement back towards the upper parts of the structure.
Currently, XAU is facing a key horizontal resistance zone located between 3375 and 3390 points.
The price is actively attempting to break through this area, which has historically served as a critical pivot point.
I expect that once the price firmly breaks and consolidates above this resistance, it will continue its growth towards the upper boundary of the wedge, targeting the $3475 level.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
The best place to trade Forex & Crypto is ThinkMarkets 👉 https://bit.ly/3FU1pGw
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FOREX MARKET ANALYTICS
Euro may reach resistance level, break it and continue to grow
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback 👊
For an extended period, the price was dictated by a descending channel, with each rally attempt failing at its upper boundary.
The downward trend culminated in a test of the crucial support level at $1.1635, where sellers were unable to secure a foothold, signaling a potential momentum shift.
This shift was confirmed when buyers took control, launching an upward impulse that decisively breached the long-standing resistance of the channel's upper trendline.
After the breakout, the price established a new local support base above the former channel, solidifying the change in market structure.
The subsequent rally carried the asset's price to the significant horizontal resistance zone around $1.1755, where the upward advance has temporarily stalled.
I expect that after a brief consolidation, bullish pressure will resume, enabling the price to break the $1.1755 barrier and continue towards the $1.1820 target.
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Euro may reach resistance level, break it and continue to grow
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback 👊
For an extended period, the price was dictated by a descending channel, with each rally attempt failing at its upper boundary.
The downward trend culminated in a test of the crucial support level at $1.1635, where sellers were unable to secure a foothold, signaling a potential momentum shift.
This shift was confirmed when buyers took control, launching an upward impulse that decisively breached the long-standing resistance of the channel's upper trendline.
After the breakout, the price established a new local support base above the former channel, solidifying the change in market structure.
The subsequent rally carried the asset's price to the significant horizontal resistance zone around $1.1755, where the upward advance has temporarily stalled.
I expect that after a brief consolidation, bullish pressure will resume, enabling the price to break the $1.1755 barrier and continue towards the $1.1820 target.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
The best place to trade Forex & Crypto is ThinkMarkets 👉 https://bit.ly/3FU1pGw
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FOREX MARKET ANALYTICS
GOLD - Price can make correction and then bounce up
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback 👊
The price has been developing within a broadening wedge formation for some time.
This pattern began after the asset found strong support in the key zone around the $3305 level.
Within this structure, buyers recently pushed the price upwards in a notable impulse wave.
This impulse culminated in a test of the wedge's upper boundary and the resistance area near $3430.
After being rejected from that resistance, the price is now in a corrective decline towards the lower trendline.
I expect that this correction will find its footing on the lower boundary, leading to a rebound and a new rally towards the $3430 resistance.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
The best place to trade Forex & Crypto is ThinkMarkets 👉 https://bit.ly/3FU1pGw
GOLD - Price can make correction and then bounce up
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback 👊
The price has been developing within a broadening wedge formation for some time.
This pattern began after the asset found strong support in the key zone around the $3305 level.
Within this structure, buyers recently pushed the price upwards in a notable impulse wave.
This impulse culminated in a test of the wedge's upper boundary and the resistance area near $3430.
After being rejected from that resistance, the price is now in a corrective decline towards the lower trendline.
I expect that this correction will find its footing on the lower boundary, leading to a rebound and a new rally towards the $3430 resistance.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
The best place to trade Forex & Crypto is ThinkMarkets 👉 https://bit.ly/3FU1pGw