Foreign Exchange

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 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 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. 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 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 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 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 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 […]

ETHUSD begins a consolidation phase as the price struggles at the bullish breaker block. The break in structure that occurred on August 17, 2023, led to an increase in the fear of market participants. ETHUSD kept experiencing depreciation as the bulls failed to defeat the bears. According to the MA Cross, the overall trend remains […]

ETHUSD rises as the price bounces off the $1540.0 support. The overall downward trend emerged as the price made a u-turn in February 2023. Following a short period of distribution, a markdown ensued, driving the price lower into the discount zone. A lower high formed on May 6, 2023, in a bid to drag the […]