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BTCUSD Continues Its Upward Trend as Major Resistance Levels Fail

27 Oct 2023 @ 03:08
BTCUSD continues its upward trend as major resistance levels fail. A change of character to the upside occurred on October 2, 2023, after which the price returned to a bullish order block. Following the formation of the major low at $26520.00, the bullish trend became evident as the price surged upward. The price is steadily […]
 

BTCUSD Surges Amid Bullish Momentum, Eyes $36150.00 Resistance

18 Oct 2023 @ 10:39
BTCUSD surges amid bullish momentum and eyes $36150.00 resistance. In April 2023, BTCUSD launched a sharp surge that took it to the $28661.00 supply area. After that, the price fell, only to start moving upward again after bouncing off at $24750.00. It invalidated the diagonal resistance on June 20, 2023. The upward trend persisted until […]
 

ETHUSD Falls as Price Gets Rejected at Bearish Order Block

18 Oct 2023 @ 10:01
ETHUSD falls as the price gets rejected at the bearish order block. The market’s overall trend has been bearish since the price breakout from the premium zone in July 2023. A consolidation phase entrapped the market at the $1866.00 price level. ETHUSD formed a swing low at $1620.00 as a sign of weakness on the […]
 

BTCUSD Creates New High Despite Short-Term Decline Into Oversold State

16 Oct 2023 @ 08:25
BTCUSD creates a new high despite a short-term decline into an oversold state. In March 2023, BTCUSD exhibited a significant upward surge. It was then followed by a consolidation period marked by a bullish pennant formation. All of this persisted until mid-June 2023. After this consolidation, the bullish momentum rekindled, propelling the price to reach […]
 

ETHUSD Finally Breaks the $1531.00 Support After Two Months of Consolidation

14 Oct 2023 @ 01:18
ETHUSD finally breaks the $1531.00 support after two months of consolidation. Before the beginning of the downtrend in July 2023, ETHUSD was in a consolidation phase. The market was fluctuating around the $1876.00 price level. In mid-June 2023, the price jerked downward, breaching the previous support at $1755.00. Followed by a massive expansion to the […]
 

BTCUSD Begins a Short-Term Retracement as Price Resumes its Upward Trend

07 Oct 2023 @ 11:02
BTCUSD begins a short-term retracement as the price resumes its upward trend. The price rose dramatically from the support level of $19569.000, resulting in the development of a bullish order block at $2475.000. This rising trend persisted until mid-April 2023, after which there was a big pullback that lasted until the bullish order block was […]
 

ETHUSD Enters Bullish Order Block Amid Reversal Signals to the Upside

07 Oct 2023 @ 10:32
ETHUSD enters the bullish order block amid reversal signals to the upside. Following a distribution phase seen in the supply zone of $2143.00, a reversal in the trend appeared on April 19, 2023. When this reversal first appeared, the price declined rapidly. This revealed the sudden presence of the bears. The decline continued afterward, though […]
 

BTCUSD Sets to Break a Diagonal Resistance as Price Resumes Its Uptrend

01 Oct 2023 @ 01:04
BTCUSD is set to break a three-month diagonal resistance as the price resumes its uptrend. In March 2023, a robust uptrend gripped the market as bullish investors surged in. This propelled BTCUSD to new highs. This upward momentum persisted for a month, culminating in a significant swing high at $31050.00.   However, after this peak, […]
 

ETHUSD Begins Correction Phase as Price Leaves the Oversold State

29 Sep 2023 @ 17:42
ETHUSD begins a correction phase as the price leaves the oversold state. A trend reversal occurred on April 19, 2023, after a distribution phase at the $2143.000 supply zone. The emergence of the trend reversal led to a change of character, which marked the beginning of the downward motive trend. In fractals, ETHUSD declined, invalidating […]
 

BTCUSD Enters Oversold State as Price Sinks Deeply Into Discount Array

23 Sep 2023 @ 22:36
BTCUSD enters an oversold state as the price sinks deeply into the discount array. The market’s pivotal moment occurred when it touched $19,569.00. This led to a significant reversal, surpassing $24,750.00. BTCUSD continued to climb. It reached a new peak at $31,050.00 but faced a substantial retracement and resistance from a descending trendline.   In […]
 
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