Technical Analysis

BTCUSD shows bearish momentum with potential short-term retracement ahead. A retraction from the descending trendline is expected before the bearish trend resumes. Price action shows a break below the descending trendline and key support at $85,010, reinforcing bearish sentiment. A temporary bounce could retest the $91,180 level, where resistance from previous price structures and the […]

ETHUSD bearish move strengthens at critical support levels. ETHUSD pair is witnessing an increase in bearish momentum as it trades below significant support thresholds. The daily chart indicates a breakdown below the $2,650 level, which had previously functioned as a support zone. The formation of equal highs around $2,860 marks a transition from bullish to […]

Formerly, in the proceedings of striving to hold back against a fearful drawn-down, the market fluctuated in a series of ranges around 35 between December and some days back into this month of February, as the ITM Power Plc (LSE:ITM) stock operation eventually further broke downward against 30, searching for a baseline toward the support […]

Towards the commencement of trade sessions of last year’s December and a few days into this month of February, trade lines have experienced a series of downturns in the exchanges of Metro Bank Holdings Plc (LSE:MTRO), as the present financial dealing path reveals that the stock retraces through 100, attempting a base formation toward the […]

Sequence to sharp pushes by bears against the critical lower range point of 50 in the exchanges of Wood Group (John) Plc (LSE:WG.), recently, the stock activity has been seen getting resettling back for swing-ups above the point of 20. The candlestick formation pattern is showing strong technical confluence at a significant support level, located […]

Basic demonstration of pricing in the format of sideways has persistently generated around the trade line of 0.004 in the stock exchanges of Supply@me Capital Plc (LSE:SYME), as the business stance expands ranges to the tune of 0.008, waxing through resistances. As of this analysis, the key resistance and critical support levels are identified at […]

The impact of bears taking control of trade exchanges in Skinbiotherapeutics Plc (LSE:SBTX) has not been visibly evident, as the current trend of the stock shows the price approaching 22 points, signaling a potential exhaustion. As per the current trade activity and from a technical standpoint, buyers are expected to begin cashing out as the […]

It has been overly demonstrated that the prevailing forces in the exchange operations of Gulf Keystone Petroleum Ltd. (LSE:GKP) have been in favor of bulls, given that the stock market has been seen averaging 200 resistances. Considering the prevailing oscillatory dynamics exhibited by the indicators, it is technically prudent to align trading actions in strict […]

BTCUSD shows signs of weakness as the $100,000 key resistance holds strong. From a price action perspective, Bitcoin has formed multiple lower highs after rejecting the $100,000 resistance level. The market recently attempted to push above this level but failed, leading to a sell-off. Key horizontal support lies at $85,000, which is a critical level […]

Practically, since around last December’s trading cycle, buying impulses have continually dominated activities in the exchanges of Audioboom Group Plc (LSE:BOOM), as the stock market is in a bullish move, tending to a reversal below the resistance of 700. The market is currently trading around the 616 level, with the smaller moving average trend line […]