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Resistancebroken

Gold -> Wait For This Daily Setup!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simply monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside. With the recent break and retest of a major previous weekly structure zone, in confluence with bullish moving averages, I simply do expect more growth on Gold over the next couple of weeks. My last analysis on Gold - linked below - perfectly played out once again and I am now just waiting for a clear breakout of the bullflag and a break above resistance and then also the path on the daily timeframe is clear fore more upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
50
EURCAD I Key resistance broken and more upsideWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
26
BTC Flipping the Most Important Level of its HistoryI have a theory that the most important resistance level of BTCs history is not 31K or 31.5K like a majority of the world believes, rather that it is 29.1K When looking at the weekly chart we can see this past week we just closed above the level for the first time since January 2021. This is Extremely Bullish and in my opinion Negates all arguments for the possibility of a new low coming before the next Halving. In addition to the level being flipped we have a weekly Stochastic Cross which is very bullish and has been occurring every 6 months for BTC for the past 2 years and each time there is a major move to the upside. I think 29.1K is the new floor until we see a new ATH. If you're waiting for a chance to buy/accumulate then you should probably start asking if you're making the right decision. DCA, don't miss the move because you are stuck in the disbelief phase.
COINBASE:BTCUSDLong
by AlexSpicer94
Is the rest of the market joining the rally?The weekly chart (on the bottom) shows that SPY and RSP were highly correlated until early March. After March, we have seen the two separate in YTD returns. The correlation coefficient confirms this break in trading. The breakdown in correlation between the RSP and SPY is most evident between May and June when RSP lost value and SPY gained value. In the last week, we have seen SPY clear August '22 high. For many, this confirms that a new bull market has begun. While the RSP is far from its August '22 high, we saw it break a short-term resistance level yesterday (6/13/23). The correlation coefficient is also rising back towards 1. It appears that RSP is beginning a new leg up. I believe a new leg up in the RSP confirms the Bull case for the SPY. With the Fed decision this week and both equities close to a support/resistance line, I am also watching for the invalidation of this breakout in the RSP and SPY. For me, that would be both equities closing below their near support/resistance lines.
AMEX:RSPLong
by Ronald_Ryninger
Ascending Triangles to Break $25k ResistanceI believe these ascending triangles are pointing to a breakout here, converging right at $25k, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning towards a breakout. If we get above $25200 cleanly we should consolidate somewhere above $25k, and then after that, could be a pretty clear path to 28k or so, given the large volume gap in the 25-28k range. This all seems obvious though, and crypto rarely does the most seemingly obvious thing.
Long
by D-Rock_Anomaly
3
APTUSDT is testing the dynamic resistanceAfter an amazing bull run, the current price of APTUSDT is testing a static daily support level, which is a price level that has historically acted as a strong support for the asset's price. Additionally, the price has bounced on the 0.786 Fibonacci level and is now testing a daily resistance level, which is a price level that has historically acted as a strong resistance for the asset's price. If the price of APTUSDT is able to break out from the $15 area and satisfy Plancton's rules, it may be a signal for a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
9
KCSUSDT wants the resistance!KCSUSDT had a false breakout from the triangle exactly on the Weekly support in 6.3$ area. The market grabbed new liquidity for this movement and started with the uptrend printed HH and HL. The market had a clear breakout and retest on the dynamic resistance, a very good opportunity to apply MTB and create the first profit. The price had another breakout from the static resistance in 6.7$ area with a nice volume what's next? the price is testing the resistance at 6.9$ where the bearish movement started, so we need to see a clear breakout from here in order to retest the 7$ area, the key level.
by InkyGrip
6