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.
If this post is useful to you, you can support me on Tradingview with like/boost and advice in comments❤️
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.
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 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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