After return to near lower low, open long position
Hi everyone! This is CryptoRobotics’ trader-analyst with your daily market update. Yesterday, Bitcoin reached our ~$94,300 zone (abnormal cluster) and almost immediately showed a buying reaction on the 1H timeframe, but the local high wasn’t retested. Today, Bitcoin dropped more than 2% following the release of the U.S. GDP report, briefly piercing through the mentioned zone before quickly recovering the losses. At this point, we estimate the chances of breaking out of the current range at 50/50 — uncertainty is growing, and a stronger correction toward the $91,000 area is becoming increasingly likely, either from current levels or after another test of the recent high. Sell zones: $97,500–$98,400 (aggressive pushing volume) $107,000–$109,000 (volume anomalies) Buy zones: $91,500–$90,000 (strong buy-side imbalance) $88,100–$87,000 (market sell absorption) $85,500–$84,000 (accumulated volume) $82,700–$81,400 (volume area) Level at $74,800 $69,000–$60,600 (accumulated volume) What do you think will come first — a breakout above the high or a correction? Share your thoughts in the comments — it’ll be interesting to compare perspectives! This publication does not constitute financial advice.
https://www.tradingview.com/x/7eNsQHWC/ Looking at the chart of AUDCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
ONDO has retraced to a key confluence zone, aligning with both lower range support and the 38.2% Fibonacci retracement level. This presents a solid opportunity for a long spot entry, especially if bullish confirmation follows. ? Entry Zone: Around $0.90 ? Take Profit Targets: ? $1.15 – $1.25 ? $1.40 – $1.55 ? Stop Loss: Just below $0.85
Price is climbing back up after a dip and is now heading straight toward the key resistance around $0.45. If it breaks that level, we could see some solid upside. RSI just bounced from the oversold zone (~23), showing momentum is picking up again. Greed & Fear Index is sitting in the Fear area — usually a good time for bulls to sneak in. Candles are shifting from cold to warm, momentum building. A clean break above that blue zone could open the door for a bigger move.
EURUSD is once again giving a sell signal. It's advisable to set the trade with a 1:1.50 Risk-Reward Ratio. You may consider closing your position at this level. ? I post detailed trade ideas and daily market analysis like this every day on my TradingView profile. ? Follow me to get notified and read the full breakdowns.
Market news: The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%. Technical analysis: Today's long-short boundary: 142.32 Support and resistance levels: 143.13 142.83 142.63 142.01 141.81 141.51 Trading strategy: If the price breaks through 142.32, consider buying, the first target price is 143.00 If the price breaks through 142.01, consider selling, the first target price is 141.81
Natural gas prices have fallen by nearly 30% since early March and now appear to have reached oversold conditions, suggesting a potential bounce of more than 10% back to $3.75 per million British thermal units. Natural gas has risen above its 10-day exponential moving average (EMA), indicating a possible short-term trend change. The 10-day EMA, which previously acted as resistance, could provide support as the commodity’s price increases. A failure to maintain it may signal that the attempted trend reversal has been unsuccessful. https://www.tradingview.com/x/T9yKqHjc/ Natural gas reached oversold conditions around 20 April, when its relative strength index (RSI) fell to 30 and prices touched the lower Bollinger Band. Momentum now appears to be shifting, with the RSI showing signs of turning upwards and potentially breaking its downtrend. If this positive momentum continues building, natural gas prices could rise towards their 20-day simple moving average (SMA) at $3.56. Should prices extend beyond the 20-day SMA, they could rise to $3.75, where prices consolidated for several days around early April. https://www.tradingview.com/x/Lt6LKKJg/ A failure to reach the 20-day SMA, or an inability to push beyond that level, could suggest natural gas prices may fall back to retest recent lows around $3.05 to $3.10, with the potential to decline further towards the lower Bollinger Band at $2.85. For now, natural gas prices indicate a possible short-term turnaround. However, prices will need to continue extending higher to confirm that a bottom has indeed been reached. Written by Michael J Kramer, founder of Mott Capital Management Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Gold is in a descending triangle. This descending triangle is wave B of an ABC correction. The descending wave C will begin soon.
After a sharp drop, price is retracing and reacting to the 19,214.3 resistance zone. Still inside a descending channel, targeting 18,947.0, where dynamic support and the 200% Fibonacci extension align. ? Entry: Clear rejection from resistance ? Stop: 19,380 ✅ Target: 18,947 ⚠️ Active management recommended – possible reaction at mid-channel Structure still confirms bearish momentum (wave 4 in progress). Watch out for fake breakouts!