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ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk... The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins. Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority. Resistance levels: 4086, 4100, 4372 Support levels: 3530, 3440, 3261 Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth. Regards R. Linda!
Long
by RLinda
5
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally... On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind. JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us. Resistance levels: 92.00 Support levels: 91.362 The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher. Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;) Regards R. Linda!
Long
by RLinda
4
GOLD → Support breakdown. The beginning of correction...FX:XAUUSD is entering the correction phase. The price is coming out of the consolidation downwards, and what we have been preparing for for the last few days has happened. Bears are trying to keep the defense below 2623.... Posted on October 8: The pressure from above is building. New lows... Traders are waiting for the Fed meeting minutes to gauge the magnitude of the next interest rate cut, especially after Friday's strong US NFP data removed bets on a 0.5% rate cut. The FOMC meeting is likely to show a discussion on the outlook for the labor market and inflation, as well as further action on interest rates. Traders are still not turning their eyes away from the tense situation in the middle east, but one must realize that reacting to any action is a temporary action in the market... Technically, on D1 we can see the beginning of the correction phase. Break of the strong level and fixing of the price below 2623. The market has defined a temporary outlook for itself..... Resistance levels: 2623, 2627, 2631 Support levels: 2613, 2600, 2585 News can have an additional impact on the market, but it all depends on the context. At the moment I consider the price decline. The bears are holding 2623 and we can see how the price has consolidated below this area, which may provoke further selling.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
15
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4