Signalsprovider
DARUSDT (MinesofDalarnia) Updated till 04-10-24DARUSDT (MinesofDalarnia) Daily timeframe range. price action here is kind of inconsistent. but in bright side thats good for day trades, the more it moves the more trading setup it provides. if stays above 0.12778 it will push it again to 0.17201.
GBPAUD potential drop and continuation of the down trendGBPAUD has been respecting the upward trendline for over a month but now appears poised to break through, potentially triggering a significant sell-off. On the daily timeframe, the price action looks quite bearish. The formation of a consolidation zone just above the trendline suggests the market is preparing for a potential breakout. Consequently, the market could drop from this resistance zone toward lower levels. The target is the support level at 1.93080
Lingrid | GOLD anticipating a Complex PULLBACK. Potential LONGOANDA:XAUUSD price continues to move sideways after reaching an all-time high (ATH). It appears to be forming a complex pullback, as it has not retested the previous higher high. This price action may lead to a triangle formation, indicating a potential squeeze. With high-impact news scheduled for today, I anticipate the market may retest the previous week's low zone, possibly by forming a complex pullback (like an ABC move) before bouncing back, consistent with the current sideways trend. My target is resistance zone around 2665.
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Lingrid | EURUSD at the Bottom of the CONSOLIDATION zone. BuyThe price perfectly fulfilled my previous idea. FX:EURUSD has reached the bottom of the consolidation zone, testing a strong support area around 1.1000, where it has bounced before. On the monthly timeframe, the price is at last month's lows. A fake breakout and liquidity grab below the trendline and support could lead to strong upward momentum towards the major bullish trend. Additionally, with unemployment rate news set to be released today, we should be prepared for increased volatility, so it’s essential to monitor the market closely for confirmation. My target is resistance zone at 1.11030
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Lingrid | ETHUSDT battle Between SUPPORT and Resistance LevelsThe price perfectly fulfilled my previous idea. It hit the target level. On the daily timeframe, BINANCE:ETHUSDT has been in a consolidation phase between support and resistance since August. Recently, a triangle pattern formed at the top of the range zone before the price dropped, likely influenced by the downturn in BINANCE:BTCUSDT . Currently, the price is approaching the psychological level of 2300, which has historically been respected multiple times. Additionally, the market is making lower highs and higher lows, indicating a narrowing price action. If the price approaches the 2300 level and shows signs of rejection, such as increased buying pressure, I expect a bounce off this support level. My target is resistance zone around 2525
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Lingrid | GOLD in a phase of CONSOLIDATIONThe price perfectly fulfilled my previous idea. It hit TP. The market has formed lower high, suggesting that it may remain in a consolidation phase for some time. After bouncing off the resistance at 2670, there is a possibility that it might retest the support zone.I expect a bullish move if the price breaks above the downward channel, which is a correction against the major trend. A solid break above that channel will be a confirmation for a continuation of the upward trend. My target is resistance zone at 2663.90
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Lingrid | EURUSD Upward Channel BREAKOUT. ShortFX:EURUSD has tanked following news of escalating tensions in the Middle East, leading to a surge in the TVC:DXY that has pushed down all other currency pairs. The market created a double top at the resistance level and failed to close above it. Currently, it is moving toward the bottom of the range zone. If you zoom out, you'll see that the price action has been oscillating between 1.10200 and 1.12000. I anticipate that the market will experience a pullback before continuing its downward movement. My target is support level 1.10300
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Lingrid | TRXUSDT gaining Momentum in the Market. Potential LongSince the launch of the platform for meme coins, the Tron network has gained significant attention in the crypto space. The price action of BINANCE:TRXUSDT looks promising, by a smooth structure of higher highs and higher closes. Recently, the market made a pullback from the resistance zone and is currently testing the support level at 0.1525, which has been respected twice before. I expect the market to bounce back from this support level and the upward trendline, especially as we are observing some rejection candles forming. My target is resisatance zone at 0.1575
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PROSUSDT (Prosper) Updated till 02-10-24PROSUSDT (Prosper) Daily timeframe range. if we zoomout the chart we can see price action got lots of space to move. its trying get out of 0.4003 which will be more optimal. it will be helpful if it get some more volume here to secure the level. local support at 0.2728.
Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD market rallied this week following the FED's 50 basis point interest rate cut. While there is a potential for buy-the-dip strategies to attract bulls, the current price levels might be in overbought territory, making it challenging to expect the price at higher levels. This situation could lead to a sideways movement in the market.
If the price does drop toward the 2600-2620 zone, it may entice bulls to enter the market, considering it a more favorable buying opportunity. The close of the September candle will be critical, as it could signal the future price direction. If September closes with a long-tailed bar, this could indicate a potential pullback toward the psychological support level at 2600 or the 50% retracement of the monthly range.
Next week, the market will also be influenced by high-impact economic news, including the Non-Farm Payrolls (NFP) and the Unemployment Rate, which could significantly affect price direction. Keep an eye on these upcoming news.
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Lingrid | GBPUSD in the CONSOLIDATION zone. LongThe price perfectly fulfilled my previous idea. It reached the target. The price action indicates that the FX:GBPUSD is currently in a consolidation zone after reaching the resistance area. Overall, the market is in a bullish trend on the daily timeframe, which suggests that there is still underlying demand pushing prices higher. However, the recent break of the upward trendline indicates a pause in the bullish momentum. This break may suggest that the market could be in the temporary slowdown before deciding its next move. Given that the price is now in a range, it’s likely that the market may stay within this range for some time before continuing the bullish trend. My target is resistance zone at 1.33960
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SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in.
On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market.
The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165