LINK Daily Technical Outlook:
$LINK closed indecisively. Anything is possible depending on Bitcoin and BTC.D. Holding above $8.20 on the intraday chart would offer a rally towards $8.90. Keeping it below $8.20 would offer further downward movement β‘οΈ
XRP Daily Technical Outlook:
$XRP closed indecisively. The intraday chart is maintaining a small range. Moving and holding below $1.0650 would offer a short if Bitcoin supports that idea. Moving higher could push towards the $1.1150 resistance π§ββοΈ
LTC Daily Technical Outlook:
$LTC closed indecisively. The intraday chart is still moving within a small range. A bullish breakout above the $45.80 resistance would offer a long opportunity. Below that, it would decline further π
ETH Daily Technical Outlook:
$ETH and ETHBTC closed bullish. The intraday chart was volatile. However, we need to see a better location to engage with a trade. A breakout above the $1,950 resistance would offer a long. Below that, we would see more sideways volatility π
BTC Daily Technical Outlook:
$BTC closed green. However, we need to see more bullish candles to expect upside. I will be tracking the intraday chart. Holding above the $65,600 resistance would offer a long. Below that, we would see more sideways volatility π€
Oil Daily Technical Outlook:
$Oil closed indecisively. Iβll track the intraday chart for the next trade. Moving above $77.50 is bullish. Below weβll see weakness. $72.50 is the main support. Further war escalation will push Oil higher, while de-escalation will push it down β‘οΈ
XAUUSD Daily Technical Outlook:
$Gold closed strongly bullish. The intraday chart was volatile and bullish. A bearish pullback towards the $4,160 support and then turning bullish would be a long opportunity. However, continuous upside moves could also offer long opportunities π€
GBPUSD Daily Technical Outlook:
GBPUSD closed green. It is teasing the 1.3480 resistance. Holding above that level would offer a long while a rejection would continue downward pressure and offer short opportunities. DXY will be in charge of the market π
EURUSD Daily Technical Outlook:
EURUSD closed slightly green. However, my focus will be on the intraday chart tomorrow. Holding above 1.1535 is necessary to expect further upside. Below that, we could see a deeper correction π
π¨ CHANNEL BREAKS? π
Time for some actionβ¦
β¨ For the past two weeks $BTC has been trading in a Descending Channel, it is attempting a breakout.. a test of $66,500 & above will come if it holds above π
Big few days ahead..
β οΈ TEST & BOUNCE π
The prophecy lives onβ¦
π¨ $ETH has yet again tested the multi-year support zone and bounced, the prior two times led to a +168.60% & +257.27% rally π
Is this time different?
LINK Daily Technical Outlook:
$LINK closed indecisively on the Daily chart. A bullish move above the $8.20 resistance and holding could trigger a long although Bitcoin needs to be positive too. Holding below $8.20 would continuously push it down towards $7.65 π§ββοΈ
XRP Daily Technical Outlook:
$XRP closed indecisively. The Daily chart is trading at the $1.0700 support. Bitcoin will drive the next move. Moving and holding below the $1.0650 support would offer further downside. A bullish move would push it towards the $1.1150 resistance β‘οΈ
LTC Daily Technical Outlook:
$LTC closed indecisively. A retest of the $45.80 resistance and then a decline would offer a short. Holding below $43.30 would offer further downward movement, and a short would be there as well π
ETH Daily Technical Outlook:
$ETH closed indecisively. The intraday chart is trading within a small range. A bullish breakout above the $1,950 resistance and holding there would offer a long. Moving below $1,830 would offer a short π
BTC Daily Technical Outlook:
$BTC closed indecisively. However, it was green on the Daily chart, but the intraday chart was volatile. Moving above the $65,600 resistance would offer a long. The $62,200 area is the support on the intraday chart π€
Oil Daily Technical Outlook:
$Oil closed bearish. However, geopolitics and fundamental events will impact the market. Holding above $77.50 would offer a long. Below that, we would see further decline towards the $72.50 intraday support π
XAUUSD Daily Technical Outlook:
$Gold closed green and indecisively on the Daily chart. The intraday chart was somewhat volatile. Holding above $4,050 would offer further upside. However, below that, we would see a strong decline. Iβll look for a better trade setup π